South Florida’s luxury market in today’s economy is showing what happens when many buyers do not need a mortgage. Year to date sales of single family homes priced at $1 million or more increased 23.3% across South Florida, according to Miami Realtors and RWorld. Million dollar condo and townhome sales rose 17.6%. Among all million dollar sales in the region, 60% were completed with cash. At $10 million and above, the cash share reached 86%. They cover a five county…
MarketMiami
South Florida’s Million Dollar Home Sales Jumped 23%. Cash Buyers Are Defying 7.4% Mortgages.
South Florida’s luxury market in today’s economy is showing what happens when many buyers do not need a mortgage.
