The Engel & Völkers News Brief: October 16, 2020

October 14, 2020

E&V News

KISS guitarist Tommy Thayer sells Lake Sherwood villa for $2.7 million
Los Angeles Times
Jennifer Carson of Engel & Völkers Westlake Village represented the buyer in the recent sale of KISS guitarist Tommy Thayer’s custom-built villa. The Ventura County getaway spans a third of an acre overlooking a lake and is filled with stunning barrel ceilings, stone accents, and hardwood floors.

Look for U.S. buyers to snap up more Vancouver homes
BCB Business
COVID-19 and political unrest stateside will help drive property purchases by Americans over the next year according to an Engel & Völkers forecast.

Quality First: A Focused Team With a Shared Vision
RISMedia
In 2019, the Ames Group Chicago became an Engel and Völkers franchisee. Comprised of a team of trusted advisors with a passion for exceeding expectations, they are now one of Chicago’s top luxury sales teams with over $1.8 billion in sales.

Americas

Sales of U.S. Luxury Homes Spiked 41.5% in the Third Quarter of 2020
Mansion Global
Sales of luxury homes in the U.S. spiked 41.5% year-over-year in the third quarter of 2020, according to a report Tuesday from Redfin. This is the largest spike in luxury real estate sales since 2013.

North America’s Biggest Housing-Bubble Risk Defies a Pandemic
Bloomberg
The resilience of Canada’s housing market is not unique: home prices in many parts of the developed world have been defying the gloom of the Covid-19 recession. Buyers, able to borrow money at historically low rates, have looked to suburbs and smaller cities in the hunt for more space, driving up prices.

Global

Vacation Housing Markets Trending Higher with Buyers Amid Pandemic
World Property Journal
The impacts from the coronavirus pandemic have rippled out to traditional U.S. vacation destinations, which are seeing increased interest from homebuyers as shifting priorities and preferences transform where and how people want to live.

Luxury Living

5 Places to Travel Locally This Fall
Vogue
With international tourist bans, state by state quarantine mandates, and even differing COVID-19 restrictions by zip code, traveling this fall is a bit complicated, to say the least. Yet, if done safely, it can also offer some much-needed R&R.

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