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Booming Florida Real Estate Market

Posted on: November 19, 2020

Don’t Count South Florida Luxury Real Estate Out

The pandemic appeared to have brought the housing market to its knees in many markets and yet, Florida continued to have successes. In the early months of the Pandemic, there was some concern over what looked like a reduction in sales but summer came in and Florida experienced an upswing, even among million-dollar homes. This surge continues throughout the state of Florida.

Continuing Pandemic Sales

While a majority of would-be sellers are still experiencing some doubt, the numbers show that luxury real estate homes have the market on lock. Luxury homes are at the central focus in the Florida market. 

The Luxury Home Draw

Preference for Luxury Homes and interest continues to permeate the market in Florida. If nothing else, the pandemic has given families the desire to stretch their legs and bask in the security of having more amenities and land. Absolutely nothing is more secure than owning your own luxury home in communities that provide both safety and luxury. 

Previously, families were able to flock to a myriad of destinations, those destinations may now prove to be unsafe in the face of a pandemic that has positioned itself front and center for the long haul. Until the exterior of our communities normalizes, buyers feel the innate duty to their families to provide a secure and safe environment that allows for additional space, that can also function as a safe haven. The Luxury home market in Florida illustrates that even during tough times, families are able to expand and become part of a lifestyle and community that will allow for stability and growth in the long term.

Tis’ Season For Buying

Typically we see snowbirds in the colder months coming into South Florida with the goal of finding the perfect home away from the cold, this year, even during the pandemic, it is not just the snowbirds looking for sharper shelter.  Luxury homes are getting more of the traction and in fact, this attention and inquiry are coming from all over the United States.  Nationwide, families are wanting to relocate to more tropical weather to seek reprieve from larger cities and congested communities.  

In addition, where we once saw the dynamic of slow and moderate home shopping and buying, the safety of masks has given those would-be buyers reliance and security in actually traveling to Florida and seeking any avenue possible to retain their own Luxury home. While this is great news for sellers, it means that you can expect competitiveness when buying. As a buyer, you are not alone in researching or aggressively pursuing luxury home communities. In fact, if you are looking to buy a home in South Florida, it now requires more immediate action to contravene the loss of any opportunity to get into the luxury home of your dreams. You must be actively engaging with the Luxury home market in order that you do not miss the chance to acquire the home you are interested in.

Thriving South Florida Market

As reported by our local ABC news, the market in Florida is thriving, and now is the time to take the next step and commit to buying a luxury home.  Many may be entertaining the idea of waiting until after the pandemic slows a bit in order to begin their journey into luxury home buying but that can be a mistake. Buyers that come into Florida in earlier months looking to profit off of what they imagined would be a devasted market experienced a rude awakening. Florida is growing and the market here is doing fantastically in Luxury home sales. Indeed, with a market such as South Florida soaring it is never too soon to get in on evergreen luxury homes with a tropical backdrop.  If you’re looking to buy or sell a Luxury home, you need an experienced luxury home real estate attorney to guide you through the process.  Mark Schecter can walk you through your options and give you a great head start. Contact our office today to learn more about how we can help you.