A luxury home is more than just fancy finishes and top-notch amenities: luxury homes are built to perfection with comfort, class, and the home buyer in mind. They are usually spacious and overall gorgeous homes in the best locations. These homes are coveted, and it is clear why. Luckily, we are excited to offer many luxury homes here at RE/MAX Paradise in Miami. Coldwell Banker Previews International’s latest annual Luxury Market Report recently reviewed US cities with luxury homes, and found that luxury homes in Florida cities topped their lists. Overall, the whole country saw increases in luxury home sales.
“Florida cities landed in the most top spots for high-priced real estate, with luxury sales posting double-digit growth in Miami, Naples and Palm Beach,” Florida Realtors wrote about the report.
The report, which can be found online here, also noted that developers in some cities, including Miami, are racing to keep up with demand for luxury homes.
“Views are just the price of admission for the new luxury high-rise buildings catering to the extremely wealthy in New York, Miami and Chicago as well. To compete, developers are becoming more creative with their amenity and lifestyle offerings. (Think sky garages, drone landing pads and pet wellness centers.),” wrote Budge Huskey, President and CEO of Coldwell Banker Real Estate in the report.
Miami came in second and Miami Beach in third place for most active listings over $1,000,000. Miami Beach came in second for two other lists: having the most active listings over $5,000,000 as well as over $10,000,000. It came in fifth for the most closed sales of homes over $10,000,000.
The abundance of luxury homes in Florida and Miami specifically indicate once again what an amazing location it is. With so much to offer, including cream of the crop real estate, don’t wait another moment to check out the homes today.