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Luxury Home Market on the Upswing!

August 2nd, 2011 · Leave a Comment

Good news in the local real estate market…sales of high-end, luxury homes in Northeast Florida are on the rise. Waterfront and other luxury homes are seeing an increase of buyers and in some cases, where the home is priced well, multiple offers.

Northeast Florida real estate professionals report the improving economy and low interest rates as reasons for the uptick in sales. Compared to the same time last year, sales for homes priced between $500,000 and $1 million showed a 19.9 percent increase, according to the latest year-to-date market report from the Northeast Florida Association of Realtors. The report showed homes priced $1 million and above with an 11.4 percent increase in sales.

The results are evident at Prudential Network Realty, where the company’s experienced Realtors are outpacing MLS in both price categories – an additional 11 percent for homes priced between $500,000 and $1 million and a skyrocketing additional 46 percent for homes in the $1 million to $2 million category. Prudential Network Realty has enjoyed tremendous success and continues to be the luxury home leader and the real estate company to turn to for expert assistance in Northeast Florida.

For more information on Prudential Network Realty’s high-end expertise and listings, visit www.PrudentialNetworkRealty.com.

What activity are you seeing in the local real estate market?  Tell us in the comments section below.

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