The Engel & Völkers News Brief: June 26, 2020

June 26, 2020

E&V News

Former Ravens QB Vinny Testaverde’s Florida estate has sold
Baltimore Business Journal
Evan Pedone of Engel & Völkers Madeira Beach represented both buyer and seller in the recent sale of former (and first) Baltimore Ravens quarterback Vinny Testaverde’s sprawling Tampa estate for $2.8 million.

Alberta family buys vacation property in B.C.‘s Shuswap region
The Globe and Mail
Richard Deacon of Engel & Völkers Okanagan discusses his most recent sale and the uptick in people from Vancouver and Albertans flocking to vacation properties.

Estate in Tony Montecito, California, Headed to Auction With No Reserve
Mansion Global
Explore this 6,000-square-foot California home listed by Kris Johnston of Engel & Völkers Santa Ynez and currently on the market for $8.9 million but headed to auction July 14-16.

Americas

Existing-home sales drop in May, but signs point to a big rebound in the real estate market this summer
Market Watch
Sales of previously owned homes slid 9.7% in May as the coronavirus pandemic continued to weigh on the U.S. real-estate market however the number of applications for mortgages to purchase homes reached an 11-year high last week, and purchase mortgage application activity overall has fully rebounded from its coronavirus-related dip.

Reopening Canada: The deep freeze is over, but the housing market still a long way from normal
Financial Post
Canadian home sales bounced back by 57 percent from their worst April in more than 30 years last month, but the average price of a home sold in May still inched lower compared to last year.

International

House prices in Germany up 6.8 percent in the first quarter of 2020
IamExpat
Despite the coronavirus pandemic – which has stagnated economic output and plunged Germany into a recession – it appears that the boom in the German housing market is continuing without a pause.

Luxury Living

The 2020 A-List: 125 Of The Best Interior Designers in the World
Elle Decor
ELLE Decor proudly presents the 10th-anniversary edition of the A-List—our annual registry of the most stylish, influential, and innovative interior designers from around the world.

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