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Old 04-22-2022, 04:08 PM
 
184 posts, read 314,677 times
Reputation: 229

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Rich and famous are paying obscene amounts for homes in South Florida --- New York Post





"The ongoing stampede of the rich and famous into South Florida is propelling real estate prices to new highs.


The South Florida housing market had a benchmark first quarter as prices reached
record levels amid limited supply,” Derderian said in a release.


The median price of a Palm Beach house jumped from roughly $7 million in the first quarter of 2021 to nearly $10 million during the same period this year — a hike of 46%.


Median Palm Beach condo prices also skyrocketed over that stretch, surging from $1 million to about $1.6 million — an increase of 52% over just one year."





"Parts of Miami also saw real estate sales continue to soar in the first quarter of the year — with Derderian noting that buyers were paying Gotham-level prices.


Downtown Miami has seen an influx of new development condos constructed, attracting well-heeled buyers that are purchasing properties at Manhattan-like prices,” Derderian said.


The median cost of single-family homes in the area rose by 41% in the first quarter of 2022 to $1.3 million.


Greater Miami Beach saw single-family homes also hit record highs, with median prices up 19% to $2.5 million."




April 21, 2022
https://nypost.com/2022/04/21/rich-a...south-florida/

Last edited by Orionsdolph; 04-22-2022 at 04:39 PM..
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Old 04-22-2022, 08:29 PM
 
Location: SoFlo
572 posts, read 372,472 times
Reputation: 1217
None of this surprises me. I certainly don’t live on Palm Beach Island, but I do live in a new construction subdivision in PBC and my neighbor just sold their home for almost double what they paid (they paid 500k) and it’s less than 2k sqft.
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Old 04-23-2022, 06:40 AM
 
17,162 posts, read 21,822,655 times
Reputation: 29386
That moron "Cash Me Outside" girl just bought a house in Boca for 6mm. Seller was the NFL player that blew his fingers off playing with fireworks.


https://www.youtube.com/watch?v=jkmOnEFCyI0

https://therealdeal.com/miami/2022/0...om-nfl-player/
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