December 13, 2024

week

The PBOC (“Big Momma”) Releases Real Estate Policy Bazooka, Week In Review

Week in Review

  • Asian equities were sharply higher this week, led by Hong Kong, Indonesia, and Taiwan, though Mainland China markets were flat.
  • This week was a busy one for internet earnings as Tencent and JD.com beat estimates handily while Alibaba and Baidu reported mixed results.
  • Real estate was also in focus this week as news of a government effort to purchase unsold apartments to stabilize prices led to gains in developer stocks.
  • Inflation reports were further impacting markets this week as China reported higher-than-expected growth in consumer prices, a good sign for its economy, and the US’ softer-than-expected CPI print contributed to a risk-on atmosphere globally.

Key News

Asia ended the week higher as Mainland China and Hong Kong outperformed while South Korea was off.

It was an interesting session overnight. Hong Kong and Mainland China bounced around the room before slipping following April economic releases. This is despite Vice Premier He Lifeng’s comments on real estate policy support. Then, markets went absolutely vertical after the People’s Bank of China (PBOC), China’s central bank, announced three policies to support the real estate market.

The PBOC’s real estate three-pronged stimulus package involves: (1) providing RMB 300 billion ($41.5 billion) worth of loans to local governments to buy unsold apartments (really RMB 500 billion, assuming it represents 60% of the loan principal) at an interest rate of 1.75%, (2) lowering the minimum down payment for first-time home buyers’ mortgages to 15% and to 25% for second homes, (3) lowering the mortgage rate for first-time home buyers for loans of 5-years or less by 0.25% to 2.35% and to 2.85% for longer-term loans (2.78% and 3.33% for second-time home buyers).

This is the closest to the policy bazooka we’ve seen in addressing the multiple facets of real estate’s impact on China’s economy. Multiple agencies including the Ministry of Finance, the Ministry of Housing and Urban Development, and the Ministry of Natural Resources released statements around these top-down policy changes. The facets of economic impact are (1) depressed property developers creating a financial crisis (i.e. China’s Lehman moment though no one believes the government would allow a financial crisis to unfold right in front of them), (2) the lack of property development, which means fewer jobs, (3) fewer new apartments, which means less demand for home appliances, furnishings, etc., and (4) lower property prices, which have been weighing on household wealth and thereby domestic consumption (60% of China’s household wealth is tied to housing). This is a real step-up in policy. Yes, it is not a magic bullet that will suddenly solve the above issues, but it will help.

April new home prices declined -0.58% from March and existing home prices fell -0.94% from March.

Did you notice all the “buts” in Western media reporting on this topic? Foreign investor confidence in China, especially amongst US investors, is low, which explains the skepticism. Why bother when the Magnificent 7 goes up every day? That is true, until it doesn’t.

In China they call the PBOC “Big Momma” because you don’t mess with the PBOC. Investors in China and Asia will recognize that when the government pivots, you should too!

Real estate was the top-performing sector in Mainland China, where it gained +7.94%, and Hong Kong, where it gained +5.42%. Developer China Vanke gained +19.37% and Sunac gained +25.85%.

Knowing professional investors are underweight China, it is not surprising that trading desks were busy overnight. Think about all those emerging market funds that own Nvidia and Microsoft
Microsoft
! Hong Kong trading volume was lower than yesterday, though still 178% of the 1-year average led by Tencent, which gained +0.36%, Alibaba, which gained +7.53% after short selling firm Citron re-recommended the stock, Ping An Insurance, which gained +5.7%, Meituan, which fell -0.48%, and China Construction Bank, which fell -0.85%. It is interesting that Tencent’s market capitalization is $476 billion versus Alibaba’s $213 billion, though I suspect that Alibaba will receive some TLC from mainland investors once added to Southbound Stock Connect this fall.

The Hang Seng closed above 19,500 as Mainland China outperformed Hong Kong.

In last night’s economic release, industrial production was stronger-than-expected though retail sales surprisingly came in lower. Meanwhile, online retail sales were relatively strong. Property investment was unsurprisingly lower, along with property sales. Remember our trading buddy Dave’s saying – “if market no care, you no care”.

I recommend checking out Charlie Munger’s interview on the Acquired podcast. He had interesting comments on investing in China, including a discussion of Berkshire Hathaway’s
Berkshire Hathaway
BYD investment.

The Hang Seng and Hang Seng Tech indexes gained +0.91% and Wayne Gretzky +0.99%, respectively, on volume that decreased -12.49% from yesterday, which is 178% of the 1-year average. 333 stocks advanced while 150 declined. Main Board short turnover declined -17.92% from yesterday, which is 139% of the 1-year average, as 14% of turnover was short turnover (remember Hong Kong short turnover includes ETF short volume, which is driven by market makers’ hedging). All factors were positive as value and large caps outperformed. The top-performing sectors were Real Estate, which gained +5.41%, Consumer Discretionary, which gained +2.65%, and Financials, which gained +1.24%. Meanwhile, Health Care fell -0.82%, Technology fell -0.38%, and Consumer Staples fell -0.1%. The top-performing subsectors were real estate services, insurance, and retail. Meanwhile household/personal products, semiconductors, and pharmaceuticals were among the worst-performing. Southbound Stock Connect volumes were high, almost twice the 1-year average as Mainland investors bought a net $763 million worth of Hong Kong-listed stocks and ETFs, including Bank of China, which was a large net buy, Tencent, and China Construction Bank.

Shanghai, Shenzhen, and the STAR Board gained +1.01%, +1.18%, and +1.06%, respectively, on volume that increased +4.6% from yesterday, which is 104% of the 1-year average. 3,295 stocks advanced while 1,585 stocks declined. All factors were positive as value and large caps outperformed. The top-performing sectors were Real Estate, which gained +7.93%, Financials, which gained +1.48%, and Materials, which gained +1.26%. Meanwhile, Health Care was the only negative sector, falling -0.41%. The top-performing subsectors were real estate, insurance, and chemical fibers, while motorcycles, power generation equipment, and household appliances were among the worst-performing subsectors. Northbound Stock Connect volumes were average as foreign investors sold a net -$875 million worth of Mainland stocks. CNY was flat and the Asia Dollar Index was lower versus the US dollar. Treasury bonds rallied. Copper and steel were both up 1.17%, which I have never seen before.

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Last Night's Performance

Last Night’s Exchange Rates, Prices, & Yields

  • CNY per USD 7.22 versus 7.22 yesterday
  • CNY per EUR 7.85 versus 7.85 yesterday
  • Yield on 1-Day Government Bond 1.35% versus 1.36% yesterday
  • Yield on 10-Year Government Bond 2.31% versus 2.31% yesterday
  • Yield on 10-Year China Development Bank Bond 2.41% versus 2.42% yesterday
  • Copper Price +1.17%
  • Steel Price +1.17%

House of the Week: A State Estate Dwelling in Bearspaw

Exactly where it is

32138 Township Highway 260, Rural Rocky View County

 

The design

There is a great deal of room at this cozy state estate house. Outside, the residence is distribute across 12 acres of expansive grounds with professional landscaping. Settle by the pond and waterfall element, discover the bordering places of undeveloped land or enjoy a stroll together the front and backyards.

The property by itself, boasting 11,200 square feet, draws on a blend of fashionable and classic nation estate patterns. The fashion is loosely based on a regular farmhouse style that focuses on pure themes, muted colors and antique or distressed appears. The household utilizes organic stonework, European wrought iron accents, brass hardware, stone tiling and much more to perfectly seize its own region estate search and truly feel.

 

What to love

There is a lot to love about this home from the minute you phase into the formal entryway. The spectacular open-principle residing home offers soaring ceilings with flooring-to-ceiling peak windows, pillars with crown moulding and doorless entrances connecting to every single area. A official eating home delivers an best house for any exclusive situation. A 2nd eating space awaits in the kitchen alongside a quaint breakfast nook with balcony accessibility for morning coffees.

The most important bedroom is also situated on the key floor and has its personal fire, outsized dressing space, spa-like ensuite and soothing soaker tub. A calendar year-round sunroom gives a third dining possibility to enjoy a additional scenic meal, with a library/flex room with a fire that supplies a private space to chill out.

A balcony upstairs overlooks the major ground living room, whilst an executive place of work and two supplemental bedrooms complete the floor.

The in-household elevator prospects to the reduce-degree walkout that includes a dwelling room with a wooden-burning fire, full bar and a wine home. A totally outfitted media space, a fitness center and very hot tub, a flex place with a next wooden-burning fire and two extra bedrooms make up the relaxation of the lower ground.

 

What to contemplate

With various out of doors residing features, expansive land to get pleasure from and accessibility to schools, procuring and facilities, this is a lavish residence for families, partners and entertainers. And with 6 bedrooms and six loos, there will normally be room to host mates and family.

 

The stats

11,200 square toes
6 bedrooms
6 loos
Four fireplaces
Heated, oversized 5-car or truck garage

 

Detailed for $5,250,000 with Vivienne Huisman of Sotheby’s Intercontinental Realty.

 

Inside of the House

Photograph by Ush Flynn.

This sprawling country estate is a correct oasis with expansive grounds and a lavish property.

 

House of the Week: A State Estate Dwelling in Bearspaw
Photograph by Ush Flynn.

The major residing area exudes elegance with crown moulding, wood accents, pillars and a sweeping ceiling.

 

Picture by Ush Flynn.

The eating home beside the kitchen delivers an casual spot to try to eat. The kitchen by itself has lots of cooking house with a nation-themed vibe.

 

Photograph by Ush Flynn.

For additional official evenings, the non-public eating place is the ideal area to host lavish meals with good friends and household.

 

Picture by Ush Flynn.

The eating region in the sunroom presents a scenic third dining alternative to love meals and check out the seasons modify.

 

Photograph by Ush Flynn.

The main bedroom is a genuine retreat with a gasoline fire, enough room and a lavish ensuite.

 

Photograph by Ush Flynn.

The primary ensuite is the excellent location to unwind, enjoy a soak or get prepared for a new day.

 

Image by Ush Flynn.

Upstairs, the govt business office gives all you want to power as a result of a working day of do the job or host a assembly with clients.

 

Picture by Ush Flynn.

Downstairs, the property media home is just like its personal theatre, earning it suitable for movies, games, or sporting activities nights.

 

Photo by Ush Flynn.

The decrease degree is also completely outfitted with a soaked bar and seating house to prep snacks and drinks for entertaining attendees.

 

Have a property for sale that you’d like to share for thing to consider for this column? Permit us know.

The Best New Dwelling, Design and style and Foods & Consume Releases This Week

For a lot more of the hottest and finest product releases, examine out our comprehensive selection of the best new equipment.


OffLimits Dash Chamberlain Espresso Cereal

The Best New Dwelling, Design and style and Foods & Consume Releases This Week

Courtesy

OffLimits, a nostalgic-design cereal brand name that requires the exciting of your childhood cereal minus the artificial flavorings and large sugar counts, is teaming up with social media feeling Emma Chamberlain's coffee manufacturer for Dash Chamberlain Espresso Cereal.

The cereal, which is equally vegan and gluten free of charge, requires Chamberlain Coffee's Social Doggy Blend, and it turns it into a chocolatey coffee cereal you can appreciate each and every morning (or for any and all of your meals). And like your most loved cocoa-flavored cereals from your youth, the milk will renovate into its very own delicious concoction.

Price: $9

Store NOW

Aplat x Product Picnic Established

picnic set

Courtesy

Aplat and Material have partnered up on the conclude all be all of picnic kits. Combing Aplat's beloved picnic tote with Material's reBowl, (mini) reBoard, and the Virtually 4-inch Knife, the set has the essentials for prepping and serving a picnic meal or snack.

Selling price: $150

Shop NOW

Jono Pandolfi The Seeds & Weeds Serving Set

bowls

Courtesy

Jono Pandolfi's tablewares are recognized for becoming some of the greatest in the small business — they're applied in numerous Michelin-starred dining establishments, and any house prepare dinner can carry these handmade parts into their individual eating rooms way too. The Michelin-starred chef, Jean-Georges Vongerichten, has partnered after once more with Jono Pandolfi on the Seeds and Weeds serving established.

The minimal-edition parts consider the brand's Few collection, decking it out in the Toasted clay entire body, complemented by skinny pink bands (and in the situation of the serving platter, a thoroughly crimson motif). The name of the established comes from Vongerichten's new cafe, opening in July 2022, termed Seeds & Weeds, which will provide plant-centered foodstuff — on Jono Pandolfi plates and bowls of system.

Price: $150

Store NOW

Smithey Carbon Steel Bash Pan

carbon steel party pan

Courtesy

We appreciate Smithey's forged iron skillets, but its hottest carbon-metal Celebration Pan has our interest this summer time. This 17-inch pan is large. Paella will be excellent in this point, but you could also just cook up a boat-load of steaks on it to mainly because it is your party and you can do what you want.

Price: $400

Shop NOW

East Fork Solution Beach front Glaze

ceramic plate set

Courtesy

East Fork introduced its new glaze for the summer, and it can be a really summery hue: Magic formula Seashore. In accordance to the brand, it is really "encouraged by the scents, flavors, rhythms, and rituals of the Mediterranean," and we entirely get that experience. Obtainable now as a result of September, come across Secret Seashore glazed throughout the overall brand's stock from its Instagram-famous mug to its Bitty Bowl.

Price: $12

Store NOW

Tyler Chin
Tyler Chin is Gear Patrol’s Associate Staff Author.

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Renovated 1930 Rocky River storybook asks $925K: House of the Week

ROCKY RIVER, Ohio -- A stone’s throw where the Rocky River meets Lake Erie, there is a home with a modern interior that belies its classic storybook-style exterior.

Built in 1930 in the Beachcliff neighborhood, 44 Buckingham Drive offers more than 3,800-sq. ft of living space. New to market, the home has an asking price of $925,000.

“One of the stand out features of this home is the incredible space,” says listing agent Jen Davis from the Kim Crane Group, Howard Hanna. “Not only do you have a recent two-story addition and renovation, but a fifth bedroom and an office. Of course, the four and a half baths are a pretty nice perk, too.”

The size of the home and the improvements make it a rare find, she adds. Highlights include the warm and cozy formal living room just off the entrance, with its hardwood floors, fireplace and paned window.

Head to the back of the house into the addition where you’ll find the more modern, open-concept family room, kitchen and dining area. The kitchen has been updated with a quartzite island and countertops, subway tile backsplash, custom cabinetry and stainless steel appliances. The dining room has built-ins and a large picture window overlooking the backyard. The family room is ideal for gatherings with beamed ceilings and sliding door access to the stamped concrete, Pergola-covered patio with fireplace.

The bedrooms are located upstairs. Among them is the primary suite, which offers vaulted ceilings and a luxurious spa-like bathroom. Additional amenities include an unfinished basement and a detached three-car garage with a newer gated driveway.

44 Buckingham Dr, Rocky River

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr, Rocky River

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

See the full listing at kimcranehomes.com

Address: 44 Buckingham Drive

City: Rocky River

Price: $925,000

Year built: 1930

Square footage: 3,879

Lot size: 8,599 sq. ft.

No. bedrooms: 5

No. bathrooms: 4 full, 1 half

School district: Rocky River City School District

Real estate agent and contact info: Jen Davis, Howard Hanna/The Kim Crane Group

p: 440-289-4864

e: [email protected]

44 Buckingham Dr, Rocky River

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr, Rocky River

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr, Rocky River

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr, Rocky River

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr, Rocky River

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr, Rocky River

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr, Rocky River

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr, Rocky River

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr, Rocky River

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr., Rocky River: House of the Week

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr., Rocky River: House of the Week

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr., Rocky River: House of the Week

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr., Rocky River: House of the Week

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr., Rocky River: House of the Week

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr., Rocky River: House of the Week

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr., Rocky River: House of the Week

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr., Rocky River: House of the Week

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr., Rocky River: House of the Week

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr., Rocky River: House of the Week

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr., Rocky River: House of the Week

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr., Rocky River: House of the Week

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr., Rocky River: House of the Week

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr., Rocky River: House of the Week

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr., Rocky River: House of the Week

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr., Rocky River: House of the Week

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr., Rocky River: House of the Week

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr., Rocky River: House of the Week

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr., Rocky River: House of the Week

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr., Rocky River: House of the Week

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr., Rocky River: House of the Week

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr., Rocky River: House of the Week

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

44 Buckingham Dr., Rocky River: House of the Week

44 Buckingham Dr. in Rocky River was built in 1930 and has 5 bedrooms and 4.5 bathrooms. The home is represented by Jen Davis from the Kim Crane Group, Howard Hanna and listed for $925,000. (Photo by Karen Murphy)

For more information about 44 Buckingham Drive in Rocky River, contact Jen Davis at the Kim Crane Group, Howard Hanna at 440-289-4864 or [email protected].

Previously on House of the Week

Medina County retreat offers horse farm, two lakes on 45 acres

Classic Georgian colonial in Shaker Heights asks $825K

Campus district penthouse asks $292K

Bay Village mid-century modern has dream indoor pool

Mid-century modern on Clifton Beach asks $1.5M

Routt County real estate sales eclipse $15.4M the week of March 18-24

Real estate transactions totaled $15.4 million across 34 sales for week of March 18-24.

700 Yampa Street

Seller: Denise L. and Joseph S. McManus



Buyer: Chris and Tom Newbern

Date: March 18, 2022



Price: $750,000

Property Description: 726-square-foot, one-bedroom, one-bath condo, Unit A-308 at Howelsen Place Condos. Last sold for $285,000 in 2013.

No address

Seller: Warren B. Mc Cormick

Buyer: Lori Slater

Date: March 18, 2022

Price: $12,000

Property Description: 1.18 acres of vacant residential land, Lot 81 at Sky Hitch IV at Stagecoach.

24820 Arapahoe Road

Seller: Tri-State Generation and Transmission

Buyer: Isaac and Nicole Tiley

Date: March 18, 2022

Price: $99,000

Property Description: 0.45 acres of vacant residential land, Lot 9 at South Shore Subdivision at Stagecoach.

No address

Seller: Dave Smith & Sons LLC

Buyer: Sycamore Forest Investments LLC

Date: March 18, 2022

Price: $960,000

Property Description: Agricultural land, SEC 16-5-88.

Address: 28255 Yellow Jacket Drive

Seller: Catherine M. Holihan

Allison Sumner Birdsong

Date: March 18, 2022

Price: $501,000

Property Description: 7.68 acres of vacant residential land, Lot 40B at Bridgman Exempt Subdivision. Last sold for $195,000 in 2001.

33025 Maricopa Trail

Seller: Anton G. and Donna L. Stich

Buyer: Pamela K. and Robert L. Gates

Date: March 18, 2022

Price: $75,000

Property Description: 0.88 acres of vacant residential land, Lot 4 at Horseback at Stagecoach. Last sold for $20,000 in 2004.

No address, Oak Creek

Seller: JoAnne Clark, JoAnne and Ted Leal

Buyer: Carrie and Sid Priday

Date: March 18, 2022

Price: $150,000

Property Description: 14 acres of vacant land, SEC 6-3-85.

32590 Colt Trail

Seller: Barbara Gail Price

Buyer: Carl R. and Kelly Armour

Date: March 21, 2022

Price: $15,000

Property Description: 1.0 acre of vacant residential land, Lot 26 at Overland at Stagecoach.

2700 Village Drive

Seller: David E. Brown Jr.

Buyer: Golden Touch Properties LLC

Date: March 21, 2022

Price: $975,000

Property Description: 1,288-square-foot, three-bedroom, three-bath condo, Unit 201, Building C at Lodge at Steamboat Condo Phase I. Last sold for $539,000 in 2019.

1374 and 1376 Turning Leaf Court

Seller: Bruce E. Shugart

Buyer: Moose Manor LLC

Date: March 21, 2022

Price: $950,000

Property Description: Lot 21 at More’s Corner.

56985 Golden Tide Place

Seller: Land to Expand LLC

Buyer: Kristofer Nikolas Klipfel

Date: March 21, 2022

Price: $40,000

Property Description: 1.2 acres of vacant residential land, Lot 84 at Steamboat Lake Subdivision Unit No. 1.

No address

Seller: Airport South LLC

Buyer: Alexander J. and Savana L. Kislia

Date: March 21, 2022

Price: $246,350

Property Description: Filing No. 6, Building I, Unit 5 at Aviator Garages.

No address

Seller: Airport South LLC

Buyer: Barbara and George Eidsness

Date: March 21, 2022

Price: $246,350

Property Description: Filing No. 6, Building I, Unit 3 at Aviator Garages.

No address

Seller: Airport South LLC

Buyer: Delores G. and Ramsey M. Hawley

Date: March 21, 2022

Price: $246,350

Property Description: Filing No. 6, Building I, Unit 4 at Aviator Garages.

No address

Seller: Airport South LLC

Buyer: Storage One LLC

Date: March 21, 2022

Price: $246,350

Property Description: Filing No. 6, Building I, Unit 1 at Aviator Garages.

No address

Seller: Airport South LLC

Buyer: Turner Living Trust

Date: March 21, 2022

Price: $189,150

Property Description: Filing No. 6, Building H, Unit 3 at Aviator Garages.

No address

Seller: Airport South LLC

Buyer: Kim E. Vance Trust

Date: March 21, 2022

Price: $189,150

Property Description: Filing No. 6, Building H, Unit 4 at Aviator Garages.

29755 Riffle Run

Seller: Amy P. and Robert P. Swan III

Buyer: Donna F. and Joseph T. Trieschmann

Date: March 21, 2022

Price: $110,000

Property Description: 0.19 acres of vacant residential land, Lot 8 at Middle Creek Village at Stagecoach. Last sold for $42,000 in 2016.

23800 Routt County Road 16

Seller: Brion and Pamela Brown

Buyer: Jessica Marie Poma

Date: March 21, 2022

Price: $330,000

Property Description: 864-square-foot, two-bedroom, one-bath condo, Unit 5, Building 3 at Wagon Wheel Condo at Stagecoach. Last sold for $173,500 in 2007.

1295 Hilltop Parkway

Seller: Marie K. Burger

Buyer: Conner E. Byrnes and Kayla E. Tomlin

Date: March 21, 2022

Price: $390,000

Property Description: 963-square-foot, two-bedroom, two-bath condo, Unit 4.3B at Fox Creek Village Condos. Last sold for $274,000 in 2019.

30158 Elk Lane

Seller: Courtney and Jacob Smazinski

Buyer: Doran Erik and Sarah Wiken Lummis

Date: March 21, 2022

Price: $1,800,000

Property Description: 1,472-square-foot, three-bedroom, four-bath, single-family residence with outlying structures on 4.0 acres of land, Filing No. 1, Lot 26 at Steamboat Pines Subdivision. Last sold for $860,000 in 2019.

1920 Ski Time Square Drive

Seller: Anthony Frischknecht and Stephanie Shanahan

Buyer: Joelle and Albert Scott III

Date: March 21, 2022

Price: $675,000

Property Description: 1,056-square-foot, two-bedroom, two-bath condo, Unit 309 at Ski Time Square Condo. Last sold for $295,000 in 2018.

1945 Cornice Road

Seller: Caitlin Newlin Smith

Buyer: Janet and Kathryne Taylor

Date: March 21, 2022

Price: $450,000

Property Description: 467-square-foot, one-bedroom, one-bath condo, Unit 201, Building D at Rockies Condo II. Last sold for $160,000 in 2015.

32586 Colt Trail

Seller: Billy Texter

Buyer: Kit H. Buell and Gretchen L. Cross

Date: March 22, 2022

Price: $12,500

Property Description: 0.87 acres of vacant residential land, Lot 25 at Overland at Stagecoach.

No address

Seller: Airport South LLC

Buyer: Vincent N. Coleman

Date: March 22, 2022

Price: $189,150

Property Description: Filing No. 6, Building H, Unit 5 at Aviator Garages.

301 Harvest Drive, Hayden

Seller: Thomas Bartnicki

Buyer: Jessica Bedell

Date: March 22, 2022

Price: $116,321

Property Description: 1,764-square-foot, four-bedroom, two-bath, single-family residence on 0.27 acres of land, Filing No. 3, Lot 1, Block 2 at Golden Meadows Subdivision.

No address

Seller: Tri-State Generation and Transmission Association Inc.

Buyer: Camp Carrigan Trust

Date: March 22, 2022

Price: $320,000

Property Description: Lot 16 at South Shore Subdivision.

1378 Moraine Circle

Seller: Rebecca C. Norton

Buyer: Belynda and Jonathan Harte

Date: March 23, 2022

Price: $1,400,000

Property Description: 1,602-square-foot, three-bedroom, three-bath condo, Lot 3 at Replat of Moraine Townhomes Phase II Amended. Last sold for $625,000 in 2019.

21215 Roan Way

Seller: Nancy Shalks

Buyer: Josephine and Matthew Heron, Andrew Meeusen

Date: March 23, 2022

Price: $97,000

Property Description: 1.62 acres of vacant residential land, Lot 24 at Black Horse II Subdivision at Stagecoach. Last sold for $12,500 in 1993.

25185 Rainbow Ridge

Seller: Joseph Middelburg and Mary Paul

Buyer: Hood Investments LLC

Date: March 23, 2022

Price: $300,000

Property Description: 15.69 acres of vacant residential land, Lot 30 at Creek Ranch LPS. Last sold for $199,000 in 2020.

No address

Seller: Airport South LLC

Buyer: Shannon Hanley

Date: March 24, 2022

Price: $189,150

Property Description: Filing No. 6, Building H, Unit 2 at Aviator Garages.

No address

Seller: Airport South LLC

Buyer: Jon Michael and Susan Anne Robinson

Date: March 24, 2022

Price: $246,350

Property Description: Filing No. 6, Building H, Unit 2 at Aviator Garages.

30610 Boot Court

Seller: Maria E. and Owen W. Moon

Buyer: Michelle N. Morgridgein

Date: March 24, 2022

Price: $1,400,000

Property Description: Lot 65 at Neighborhoods at Young’s Peak.

No address

Seller: Edward A. and Elizabeth T. Weihman

Buyer: Michael C. and Stephanie L. K. Jennings

Date: March 24, 2022

Price: $1,500,000

Property Description: SEC 28-7-84.