Luxury Real Estate Prices in Florida

By
Real Estate Agent with Better Homes Realty - BH Referral Associates

The state of Florida is known for its large mansions, sprawling estates and luxury real estate. While Florida home prices have been slashed due to the number of foreclosures, short sales and bank owned homes that have sold. These types of distressed sales are impacting our local market.  Savvy investors and homebuyers are still searching and buying luxury real estate throughout the state of Florida.  

Daytona Beach Luxury Real Estate

Daytona Beach EstateIn our neck of the woods, Daytona Beach luxury real estate is quite affordable compared to other parts of Florida. Being a Florida resident almost all of my life, I do believe that Daytona Beach luxury homes are affordable compared to other exclusive neighborhoods in the state of Florida.  But the question is, are these luxury homes really that affordable and is it easy to qualify for a mortgage?  It's an interesting to see who can afford these homes and I wonder how they feel about Daytona's prices.  Would they consider our luxury market affordable compared to other areas of Florida?  

Florida Sprawling Estates - Florida Mansions - Florida Luxury Real Estate

There have been numerous housing reports on luxury market trends, according to Laurie Moore-Moore, founder of The Institute for Luxury Home Marketing, "The number of wealthy household in the United States and world-wide is almost back to where it was before the downturn.  Add the fact that many high net worth individuals are reassessing their investments and rethinking how and where to invest.  High-end U.S. residential real estate is attracting many of these dollars, Euros and Rubles.  This bodes well for the luxury home market in the short term.  Luxury may well be the real estate segment that leads to recovery."  

South Florida Luxury Homes - Palm Beach Exclusive Properties 

Reports on luxury real estate prices in Florida vary as real estate in general is local.  Luxury real estate in Florida is no different and each piece of property's pricing varies due to size, location and exclusivity.  South Florida is one of my favorite luxury markets and I wonder how it has been impacted. According to a recent article on Palm Beach Premier Real Estate, "the Palm Beach luxury market is still in limbo."  Interesting, its just another reminder to get the facts from a professional real estate agent who specializes in luxury homes and understands market conditions and trends.  I wonder if the luxury market is impacted nation-wide? 

How is your luxury market doing and do you think this sector of real estate has bottomed out in your area and is it deeply impacted by say, distressed properties and the average price homes selling?  

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Rainmaker
1,749,384
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
CRB, CRS, CIPS, GRI, SRES, TRC, e-PRO

Midori

The South Florida Luxury Home market is on an up swing.

Good luck and success.

Lou Ludwig

Jul 30, 2011 11:29 PM #1
Ambassador
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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise in NE Philadelphia & Bucks County

Midori ..I sell in Philly and Bucks County Pa and we are feeling the crunch too

Jul 31, 2011 12:01 PM #2
Rainmaker
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Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Short Sale - CDPE, REDS

In many markets ...ours included...the luxury is "not sooo much"....a more remote location...deferred maintenance...ouch !

Aug 01, 2011 07:01 PM #3
Ambassador
1,741,244
Barbara-Jo Roberts Berberi & Corinna Birgit Cromartie
Charles Rutenberg Realty - Palm Harbor, FL
Palm Harbor & Dunedin FL Residential Real Estate

wow, I remember back in the 1950s when we went over to Daytona for the weekend it was a tiny sleepy little town - it sure has grown!

Aug 03, 2011 10:23 AM #4
Rainer
18,951
David Santangelo
www.aceluxuryhomes.com - Keller Williams Realty - Boynton Beach, FL
Search Palm Beach County Florida Homes for Sale

AceHomeTeam specializes in Luxury properties in South Florida. We may be getting a few more short sale luxury homes, however we still love being in the Luxury Market. Visit our website at www.aceluxuryhomes.com

Aug 23, 2011 02:30 PM #5
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Midori Miller

Homes In Fort Lauderdale, Real Estate Training - R
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