Mansion Global Daily: Vancouver’s Listings (and Prices) Are Rising
Vancouver Saw Nearly 30% Increase in New Listings in September, but Prices Keep Rising
Despite an increase in inventory in Vancouver, prices are still on the rise, according to the Real Estate Board of Greater Vancouver. The typical price of a home was C$1.2 million (US$873,486) in September, a 4.4% increase from the same time the previous year. Meanwhile, the number of newly listed homes rose 28.4% year over year. “In contrast to the spring and summer, the September data suggests there may be a renewed interest on the part of sellers to participate in the market, with new listing activity rising back in line with long-term historical averages,” said Andrew Lis, director of economics and data analytics with real estate board. CBC
Hong Kong Officials to Limit Land Parcels Sold by Government
Just one parcel of land will be sold by the Hong Kong government this quarter as consumer demand dwindles, making previous government sales targets unlikely. The site—a 4.7-acre plot in Cheung Sha in Lantau, New Territories, is expected to yield 110 housing units, Development Secretary Bernadette Linn Hon-ho said. The government set out to raise HK$85 billion (US$10.85 billion) from the sale of 18 parcels and land conversion premiums by March 2024, but has sold only two so far, with the sale prices well below expectations. South China Morning Post
Palm Beach Condo Sales and Prices Dropped in September
Condo sales and prices in Florida wealth hub Palm Beach County fell last month, according to MLS data from Redfin. There were 644 condo sales in September for a total of $293 million in sales, compared to 746 condo sales totaling $340 million the previous month, the figures showed. Meanwhile, the median price dropped to $259,000 in September from $265,000 in August. The Real Deal
Matt Drudge Lists Miami Home on Nearly 5 Acres for Just Under $3 Million
Matt Drudge, who founded the newsy website the Drudge Report in 1995, has listed his 6,695-square-foot Miami residence for a hair under $3 million. The gated home sits on 4.7 acres at the southern edge of the city, and is surrounded by palm trees and other tropical flora. There are five bedrooms, as well as exposed beams, travertine floors, and a clean, white palette. Other amenities include a library and several outdoor areas, including a shaded, outdoor living space, an entertainment gazebo and a covered pool and pool deck. Realtor.com
