When the pandemic brought a pall of uncertainty over Florida’s real estate market this April and May, sales of homes of all price ranges slowed down. But starting in June, sales bounced back with one price range leading the charge: $1 million and up.
And even into the summer and fall, sales statistics show high-end homes are still where the market’s heat is most concentrated.
“Something that’s happened during this horrific period for our globe is people’s renewed appreciation for the four corners of our home,” said Jay Phillip Parker, CEO of Douglas Elliman Real Estate’s Florida brokerage. “So anyone that could was willing to make the move into a bigger, better property, or maybe a newer, more exciting location. Obviously, with respect to the wealthy, they can make the moves much easier if you have the ability to quickly pivot and leave a multi-million-dollar property…
