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The Caribbean real estate market is once again catching the interest of luxury home buyers, but some islands in the region are still struggling, says James Andrews, senior managing director for.
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Whereas the number of Manhattan residences for sale on average has been in the mid-8,000 range. There are buyers out there looking for that perfect New York home and fewer sellers..
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In fact, markets that saw the biggest decrease in luxury home prices had one thing in common – a large pickup in the number of high-end homes for sale since last year. Prices in Fort Lauderdale, Fla..
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· The Redfin analysis tracks home sales in more than 1,000 cities across the country and defines a home as luxury if it is among the top 5 percent most expensive homes sold in the quarter. The average price for the bottom 95 percent of homes was $343,000, up 3.6 percent in the third quarter compared to a year earlier, but down from the second.
distressed sales include short sales and real estate owned (REO) transactions. The CoreLogic HPI Forecast indicates that home prices, including distressed sales, are projected to increase by 0.6.
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