Have Luxury Condos Gone Out of Style?

By
Real Estate Agent with Exclusive Estates

Regardless of what kind of buyer you are, the Palm Beach real estate market has tons of unique property available, from luxury condos to mid priced single family homes and more. Despite the prevalence of all these property types, it’s the luxury condos that are seeing the least amount of buying activity.

During the South Florida real estate building boom, numerous developers created a wealth of impressive Palm Beach condos that today are not being looked at by buyers as much as their more reasonably priced siblings. A good portion of the buyers who are snapping up these luxury condos are generally comprised of people who don’t live in the United States.

This might make it sound as if there is a shortage of attractive luxury condos to choose from in Palm Beach but that is hardly the case. Because of the reduced prices for condominiums across South Florida, people may simply be purchasing high end units that simply do not fall under the “luxury” umbrella. The key is to do your own research and explore the wealth of varied property available. Whether or not it’s a luxury condo, there is likely a property available for every need and budget.

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