Mansion Global Daily: Foreign Buyers Love Florida, Canadian Homes Are Selling Below Asking, and More

Foreign Investment in U.S. Property Is Once Again on the Rise

Buyers from around the globe are snapping up properties at record-high prices, with the most coming from China. Read More

BY THE NUMBERS

TRENDING TODAY

LISTING OF THE DAY

An Iconic Shorefront Home Tucked Into the Dunes of Fanshell Beach, California

The three-bedroom modern home is being listed for the first time since it was built in 1972. Read More

THE INSIDERS

‘Luxury is in the Details,’ Says Residential and Hospitality Exec

Tina Necrason of Montage International on the appetite for branded-residences, the never-ending boom in wellness in the home and more. Read More

NEWS BITES

Canadian Homes Begin to Sell Below Asking, Signaling a Market Cooldown

The Canadian real estate market is showing signs of a cooldown, with more sellers starting to delist or sell at a discount. In Victoria, British Columbia, a luxury five-bedroom property listed at C$2.25 million (US$1.74 million) ended up selling at C$1.93 million—a discount of C$320,000. A home in Halifax, Nova Scotia, sold for C$140,000 below its list price of C$900,000. In recent weeks, there also has been a spike in “delistings,” homes that are taken off the market after failing to attract any buyers. However, the phenomenon was considered a mere market correction as the average home prices across the country are still higher than last summer. National Post

Beachfront Luxury Villa in Queensland, Australia, Hits the Market

In Australia, a three-level villa in Mermaid Beach, Queensland, that has more than 40 feet of direct beach frontage has come to the market. The listing does not have a guide price, but property records show the home last traded for A$10 million (US$6.85 million) in 2008. The home has 7,567 square feet of living space featuring four bedrooms, five bathrooms, a home theater and a lounge with a custom-built bar, among other amenities. Domain

Former Baseball Star Ryan Zimmerman Buys Virginia Mansion for $11 Million

Recently retired baseball star Ryan Zimmerman has bought a brand-new mansion in McLean, Virginia, about 11 miles outside of Washington, D.C, for $11 million. The megamansion has 20,000 square feet of living space with seven bedrooms and 13 bathrooms. Mr. Zimmerman, 37, was nicknamed “Mr. National” as he had been a member of the Washington Nationals’ since the team’s inaugural season in 2005 through to his final season in 2021. In April, he listed his residence in Great Falls, Virginia, for $8.5 million. Realtor.com

A Historic House in Portland, Oregon, Where Eleanor Roosevelt Stayed, Selling for $2.7 Million

A 1908 Colonial Revival house in the Portland Heights neighborhood of Portland, Oregon, where first lady Eleanor Roosevelt once stayed as a guest, has been listed for $2.67 million. The well-preserved mansion has 8,635 square feet of living space featuring Tiffany wall sconces, leaded glass windows, pocket doors and seven fireplaces. For the first half of the 1900s, the home was owned by Nan Wood Honeyman, Oregon’s first congresswoman and a former classmate and Roosevelt’s longtime friend. Roosevelt visited and stayed in the house, using the dining room as her office, according to the listing with Suzann Baricevic Murphy of Where, Inc. The Oreganian

AROUND NEWS CORP

China Seeks to Quell Mortgage Revolt Among Home Buyers [The Wall Street Journal]

How Six Friends Turned a Tuscan Farmhouse Into a Shared Holiday Home [The Times of London]

The 10 Most Affordable Lake Towns in America, 2022 Edition [Realtor.com]

‘Astounding’ Building Industry Shift Makes Renovators Abandon Works [news.com.au]