In The National Association of Realtors’ latest Existing Home Sales Report, the number of home sales have increased dramatically over the last year in nearly every price range measured. In fact, of the six price ranges covered, only homes priced under $100,000 revealed a decline in sales, down just over 10% from last year.
Industry professionals attribute the decline in the under $100,000 category to a lower inventory of distressed properties on the market, which is a true testament to just how well the market continues to recover following the housing crash.
As for the increases, every category on the report had a minimum increase of at least 9%, with sales in the $250,000 to $500,000 range up an impressive 21.2%. Other figures show homes in the
As 2013 comes to a close, South Florida saw some VERY expensive real estate change hands this year as celebrities, sports stars, and business tycoons from all over the country all played a key role in what was a very good stretch for housing in the Sunshine State. Earlier this week, The Real Deal South Florida, a popular source for South Florida real estate news and updates, published its list of the most expensive South Florida residential sales of 2013, and a few of the names recorded you may just happen to recognize—take a look:
