The Florida real estate market is showing tremendous growth as luxury residential purchases in the Sunshine State continue to increase.
Coral Gables, FL (PRWEB) July 31, 2014
Amidst mixed market forecasts for national real estate sales, Florida is, once again, the number one destination for international buyers. Florida made up an astonishing 23% of international sales in a year that saw a 35% increase in foreign purchases according to the NAR’s “2014 Profile of International Home Buying Activity.” The market is showing tremendous growth as luxury residential purchases in the Sunshine State continue to increase.
South Florida’s Growing Market
Increases in international sales could impact prices on higher-end properties throughout South Florida. The Miami market is experiencing increases in property prices due, in part, to the influx of foreign investors. As global markets destabilize and the US market continues its upswing, more investors are likely to use Florida and the rest of the US market as a safe investment alternative.
Once again, it would seem that South Florida’s high-end real estate market is a premier destination for property investment. With new luxury high-rises being constructed and top-tier residential homes being snatched up, some of the area’s premier firms are facilitating the purchase of multiple million-dollar listings each year. According to the Miami Association of Realtors (and the regional Multiple Listing Service), single-family residences spent merely an average of 47 days-on-market in March (an increase of 11.9 percent year-over-year).
Million Dollar Sales
Featured Properties International, one of Florida’s premier luxury real estate companies, is experiencing exponential success in the South Florida market. They recently handled the purchase and semi-private sale of a $2.3 million Southwest Ranches property formerly owned by an NFL star. The full-service real estate company is facilitating some of the most exciting luxury real estate deals in all of Florida.
Featured Properties International
Featured Properties International focuses on marketing and facilitating purchases of high-end residential homes. Their dynamic and dedicated approach to the luxury market in Florida provides clients with a distinct edge on either side of a real estate transaction. With customized marketing campaigns, strategies, and quality service, Featured Properties International is helping sell some of the most high-profile properties in Florida.
For more information on how and why to sell your high-end residential home with Featured Properties International, visit http://www.featuredre.com/.