Homes valued at over $1 million are seeing more sales, selling faster, and selling for more than they did in 2012 according to the National Association of Realtors. The Luxury market even shows signs of our pacing the rest of the real estate market. Such inventory is up slightly because sellers are seeing now is a good time to buy. Indeed luxury market conditions are approaching a seller’s market. What was the most expensive house sold in 2013? The highest confirmed purchase was $74.5 million for an 8 bedroom, 14 bath, 15,355 square foot beach front Malibu mansion. That is $488 per square foot, impressive especially considering the house size.
Author : Rob Brooks
Rob Brooks Realty
www.RobBrooksRealty.com
850.776.6706
201 Miracle Strip Parkway, Suite D
Fort Walton Beach, Florida 32548