Real Estate Views from St Pete

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Upper End Luxury Homes Going Up in a "Down" Market

Yesterday USA Today published some statistics from DataQuick:

Last year (2006) home sales slid 8.4%

Last year (2006) residences prived at $5,000,000 or more increased 18%.

In the first quarter of 2007 sales of $5 million or more residences increased 31%!

It seems that sales in the lower end of luxury ($1 million to $2 million) have slowed, but the upper end is more resilient and not as affected by changes in the economy.

Sharon Simms, Real Estate Agent selling homes in St. Petersburg, Florida, the Gulf Beaches and the Tampa Bay area. 

 

 

2 comments • Sharon Simms St Pete FL - CRS CIPS CLHMS RSPS • May 25 2007 10:04PM

Comments

Facinating!  What do I have to do to get into that bracket Sharon?  Guess the old axiom is true?  The rich get richer.
Posted by Joan Snodgrass Tri-Lakes Realtors, Shell Knob, MO (Tri- Lakes REALTORS) over 4 years ago
Joan - have you taken the CLHMS class (Certified Luxury Home Marketing Specialist)? If not, that should give you a lot of ideas on what to do. Tami and I teach it again in Vail the latter part of June.
Posted by Sharon Simms St Pete FL - CRS CIPS CLHMS RSPS (ALVA International, Inc.) over 4 years ago

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