Luxury real estate has always been affordable in remote locations or in foreign countries, but affordable real estate in Palm Beach Florida? The same place that has sold some of the most expensive property in the U.S. is now selling incredibly luxurious property at surprisingly low costs.

So why is luxury property better to invest in than normal property? While it may seem like common sense, actually putting the numbers out there for you may provide an idea of how important this is.

The average property in the U.S. probably goes for around $200,000. If the real estate market you live in has seen a price reduction of 40-percent over the past five years the average home now costs $120,000. That means you saved $80,000 on a property which is amazing. But the average luxury home costs around $500,000 and if that same property has dropped 40-percent over the last five years the average luxury home becomes $300,000 saving the buyer $200,000.
 

Pending and Sold Condos on South Ocean Blvd
From January 2009 to March 2009 - Above $500,000.

Pending and Sold Condos are still holding strong on South Palm Beach.
If you’re looking to buy or sell a condo – trust the leaders in listings and sales
On South Ocean Blvd.

• Scott Gordon Realty - 561-533-5888  www.scottgordonrealty.com
 

PENDINGS
$2,950,000  - Bellaria
$2,595,000 – 2770 Building
$1,450,000 – PB Stratford
$799,000 – Halcyon
$750,000 – Atriums
$649,000 – Atriums

SOLDS
$1,100,000 – Beachpoint
$1,050,000 – Beachpoint
$630,000 – Cove
$575,000 – Atriums
$575,000 – 3120 Bldg
$525,000 – Atriums
$500,000 – Carlton Place