Homes & Estates Florida Collection May 2016 | Page 6

PRESIDENT’S NOTES
H O M E S & E S TAT E S | F L O R I D A C O L L E C T I O N

The latest Previews® Luxury Market Report presents a lot of thoughtful data related to the trends and sales
activity within Florida’s luxury real estate market. Take a moment to review it (starting on page 5) to see
the top-20 markets for luxury home listings and sales, as well some insight on what those numbers mean.
The good news here in Florida is that coastal areas continue to be highly sought-after, driving growth in the
ultra-high-end market segments in areas like Miami, Naples, Boca Raton, Sarasota, Fort Lauderdale and
Palm Beach. Whether or not that momentum will continue throughout 2016 is difficult to predict, but here
are some areas to keep an eye on:
Global Economies – Florida is truly a global state and is
tied to the economies of countries like Venezuela, Brazil,
China, Russia, the U.K. and Canada like no other state.
In fact, according to the 2015 National Association of
Realtors® Profile of Home Buying Activity of International
Clients, 21% of international buyers purchasing homes
in America chose Florida, more than any other state.
Many of those foreign regions are experiencing
economic softening or even turmoil right now. While
that could reduce the number of international investors
and their available funds, it could also spur even greater
investment in Florida real estate as a safe and stable
alternative to their domestic investment options.
The Stock Market – Though the stock market has made
great gains since the recession, recent ups and downs
have many affluent investors considering something
less volatile. Even taking into account the housing
crash of the last decade, real estate remains a stable
investment over time. Housing is both a tangible asset
and a necessity, and longtime homeowners typically
enjoy both tax benefits and increasing value – all of
which makes real estate a very attractive investment
option, and just might motivate people to sell their
stocks and buy luxury homes instead.

Warmest Regards,

Clark W. Toole III
President, Florida
Coldwell Banker Residential Real Estate
Coldwell Banker Commercial NRT

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