What’s Going On in the Florida Luxury Market?

If you can’t sell your real estate property at an auction with prices falling from $5.6 million to $2.5 million, within several minutes, you’ve got a big problem.

Are the properties worth buying in Florida?

If you can’t sell your real estate property at an auction with prices falling from $5.6 million to $2.5 million, within several minutes, you’ve got a big problem.

 

Not only did that happen at a recent Florida auction, but the property, located on Williams Island, didn’t sell at all.

 

What’s going on in Florida?  More importantly, what’s going to happen next with this overbuilt, over-rated market?

 

There’s more…  The Donald has lowered the price of his 6 acre Palm Beach manse by (could this really be true?) $25 million.

 

This drama has not played itself out yet. 

 

Read Florida Luxury Home Market Shows Signs of Wear

 

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