Ultra Luxury Market Makes Strong Showing in April
Provided by Florida real estate lawyers at Rabideau Klein
Key Points
- The top three single-family home sales advertised in the MLS during April also placed in the Top Ten of the last 12 months.
- The largest MLS advertised sale was the $133.18 million purchase of 2200 Gordon Drive in Naples.
- The median price of single-family advertised homes the $5 million-plus increased 9% during the last three months, year-over-year.
The three top April home sales in Florida also placed in the Top 10 of the last twelve months making a strong showing in the state’s ultra-luxury niche market of $5 million-plus homes. Last month there were 152 closings with the largest transaction happening in Naples, the $133.18 million purchase of 2200 Gordon Drive.
The ultra-luxury niche also achieved nice numbers during the last three-month stretch including a 9% increase in the median sale price of single-family homes, year-over-year, for a current average of $7.65 million. There were 448 advertised home sales in the category during the current three-month period as compared to 403 last year.