One of the interesting things to note in today’s South Florida’s real estate market is that the more expensive the property, the better the market is performing.
Bifurcation according to Wikipedia is the division of a whole into two parts. With that in mind, you can grasp the idea of Real Estate Market Bifurcation – the super luxury market in South Florida is a market operating unto itself separate and apart from the rest of the market. The market outlook appears totally different in the luxury segment than it does anywhere else.
The Miami Herald featured EWM’s Ron Shuffield, Audrey Ross and Kevin Tomlinson in this article Despite slump, luxury home market still kicking – 08/26/2007 – MiamiHerald.com.
Nelson Gonzalez blogged about this in his post … Inventory, What Inventory?
EWM newcomer Will Earle, put 8 new luxury listings in Key Biscayne on the market this week and offers are already coming in.
It seems to me that people with money are sniffing out the deals… maybe there is something to learn there for everybody.
Interested in the luxury South Florida market bifurcation? Search for properties here.