Thursday, September 19, 2019

Island Market

Despite US Downturn, Luxury Sales Continue in British Columbia’s Islands

Even with American consumers still mired in an economic downturn, realtors in BC’s island region are seeing robust sales for high-end properties, including luxury private islands.

Scott Island, currently for sale at www.vladi.de

The area that surrounds the southeast tip of Vancouver Island is often considered, by residents of …Read More: Despite US Downturn, Luxury Sales Continue in British Columbia’s Islands

Island Market

Fractional Ownership Offered on Private Island in Wisconsin

Hit by the economic downturn, the owners of a private island on Little Muskego Lake in Wisconsin are looking to fractional ownership to keep them afloat. Will buyers be enticed by the shares – starting at just over US $69k?

(Image Courtesy of Muskego Patch)

It’s an all-too-common tale in …Read More: Fractional Ownership Offered on Private Island in Wisconsin

Auction Results

Preservation Trust Buys Heavily Discounted Washington State Island

(Image Courtesy of Vendovi Island)

Appraised at over $12M, Vendovi Island’s failed auction in September had a high bid of just $3.3M, and it has now sold for just $6.4M. Have private islands followed the US real estate market downhill?

According to the Wall Street Journal, Washington State’s privately-owned Vendovi …Read More: Preservation Trust Buys Heavily Discounted Washington State Island

Island Market

The Return of the Luxury Real Estate Speculator?

Speculation fuelled the property boom – and predictable bust – of the last decade. Despite the continuing slump, are these high-flying gamblers back in business?

With United States housing foreclosures hitting all-time records in 2010, and no marked signs of a genuine recovery in the country’s real estate sector, it appears there are few reasons …Read More: The Return of the Luxury Real Estate Speculator?

Media

1999 - Your own private paradise

Your own private paradise, by Gary Strauss, USA TODAY, Friday, August 13, 1999

Some Americans these days play Robinson Crusoe in reverse – they’re willing to give everything to get their own island, not leave it. Interest in private islands is peaking, stoked by a brokerage’s TV ad in which a truck driver parlays …Read More: 1999 – Your own private paradise

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