The Engel & Völkers News Brief: November 13, 2020

November 13, 2020

E&V News

After Skiing, This Park City Mansion Lets You Bowl, Play Racquetball or Get a Massage in Its Spa
Robb Report
The ski-in, ski-out home is a new build at the base of Monitor Bowl in the gated Colony at White Pine Canyon community and is thoughtfully constructed with every amenity for mountain living. Listed by Paul Benson and Drake English of Engel & Völkers Park City.

Here’s What To Expect This Ski Season
Deal Breaker
After last season was cut short by the pandemic, many ski resort are preparing for another year of more bumps, less après-ski. Erik Berg of Engel & Völkers Aspen said that well-heeled buyers are flocking in droves telling the Financial Times, “The volume of private jets has been insane.”

Gold Coast 4-bedroom home in historical building: $1.9M
Chicago Tribune
This four-bedroom home in the Gold Coast neighborhood is located in a 1920s-era building listed on the National Register of Historic Places for its local significance. Listed by Jennifer Ames of Engel & Völkers Chicago.

Americas

Intense Homebuyer Demand Continues in the U.S., Despite COVID Outbreak
World Property Journal
According to Zillow’s Weekly Market Report, intense and persistent buyer demand is keeping the time on market for houses at incredible lows and pushing prices ever higher above 2019. Sales remain high above last year and are expected to stay robust in the coming months.

Ottawa, Montreal Stand Out in a ‘Piping Hot’ Month for Canada’s Housing Market
Financial Post
After plunging during the pandemic lockdown early in the year, Canada’s housing market has stormed through the summer and into the fall, defying predictions that it would be dragged down by economic headwinds.

Global

Luxury Residential Is Not the Most Lucrative Safe Haven, but It Can Have Multiple Upsides
Financial Times
“Safe-haven” assets, places for individuals to store their wealth during stormy economic times, have become a constant focus in 2020—and for the wealthiest, those often include a portfolio of high-end residential real estate. Lavish homes offer multiple upsides, though often not necessarily the highest financial one.

Luxury Living

The Statement Staircase Is Having A Moment
Elle Decor
The utilitarian staircase is rapidly becoming a moment of eye candy that’s all but required in the homes of the design cognoscenti—not just in grand suburban houses, but in city dwellings as well.

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