I wanted to take a moment to thank you for the wonderful job you did with the listing and sale of my home. As a long-time resident of the Ocean Ridge area, I’m very familiar with a number of real estate agents, and there were many who wanted to represent me.
My decision to work with you was based on several points that I felt were important. Your reputation for maintaining the highest ethical standards in business, your personal integrity and your exceptional work ethic were the key factors in my selecting you as my agent.
You represented me and presented my property in the best possible light. During negotiations, when the complexities of the sale and challenges presented by the parties would have overwhelmed most realtors, you went the extra mile, to understand the viewpoints and personalities involved. Your efforts kept everyone focused and everything on track throughout the entire contract process and through the closing.
You helped make a challenging situation relatively stress free, and your professional approach and attention to detail proved that I had made the best possible choice.
I’m grateful to you for everything you’ve done. I want you to know that I will gladly recommend you to others who want only the best, most professional realtor to help them with the sale of their upscale properties.
The south Florida luxury home market is booming. It began in my estimation about a year ago, in August, when I and a few other high end real estate brokers started seeing a real uptick in buying and selling activity in the upper segment of the real estate market. Gulf Stream in particular may have been one of the hottest markets in South Florida. Surprisingly, that was during the late summer, traditionally a time when sales tended to slow.
That increased sales pace in luxury homes has continued through the New Year, and is being driven by three key economic factors that I have tracked over the years.
The first element is the trend of the stock market, which has recently been extraordinary, hitting new highs. This has provided wealthy investors with additional funds and the confidence to make major investments in new or second homes that satisfy their personal tastes for leisure activities like golf, tennis, beaches and boating. When consumer confidence is high buyers are willing to pull the trigger more often and in even some cases over-pay a bit to secure a property. This wouldn’t happen in previous years.
The next factor is the fact that almost 70% of investors and buyers of south Florida’s luxury real estate are from New York, particularly Manhattan and the Hamptons. According to the NY Corcoran Report, “Closed sales in the first quarter of 2014 increased 38 percent over the same period last year…sales volume rose by 27 percent…and [Hampton] properties that are unique and those that are priced well within their particular range are selling much more quickly than usual.” Some luxury apartments in Manhattan are exceeding over $2,000 per square foot numbers not seen since the last boom.
[shareaholic app=”share_buttons” id=”12511489″]
The Corcoran Group is a licensed real estate broker. Owned and operated by NRT LLC. This website is not the official website of The Corcoran Group or its affiliated companies, and neither The Corcoran Group nor its affiliated companies in any way warrant the accuracy of any information contained herein. Any product and/or services offered for sale on this website shall not be considered an offer to sell such goods and/or services in any state other than Florida.