Market not booming but improving

Wealthy and international buyers are coming out of the woodwork looking to get their hands on a well priced luxury home. Upscale homes are being purchased more readily, but it should not be misconstrued as a return of a real estate boom. As a luxury home builder, I have seen a much needed improvement in new home sales. So far this year, we have sold four luxury estates in Landmark Ranch Estates with prices over three million.

With the economy set to move up, there is no better time to purchase a new custom home. The stock markets are rising daily, interest rates are low and luxury real estate is quickly disappearing.

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South Florida, Ground Zero?

According to TCPalm’s article: “Analyst: South Florida ‘ground zero for housing bust’", not all sectors of the housing market were similarly affected by the economy. While Broward and the Palm Beaches were hammered by declining home values, some sectors have managed to stay unaffected.

It has been determined that many of the upscale communities in the Palm Beach and Broward area have not seen a decline in home-value. Some of these sectors have even experienced bidding wars for properties.

While people think that houses should not be purchased, it is a safe assumption that upscale homes will maintain and instead increase in value.

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