LUX­URY SALES RISE

Calgary Herald New Condos - - Recreation & Investment Properties - — Marty Hope

As the United States waits and watches for in­di­ca­tors of a more solid eco­nomic re­bound, a Florida lux­ury real es­tate firm is see­ing lo­cal signs of growth based on lux­ury home sales in Pinel­las and Hills­bor­ough coun­ties.

Smith and As­so­ciates Real Es­tate of Tampa Bay says the first quar­ter of 2011 has seen more homes sell­ing in the $2 mil­lion-plus cat­e­gory, with some new high sales on both sides of Tampa Bay.

“Peo­ple who un­der­stand the prin­ci­ple of cost ver­sus price have re­al­ized that now is the time to buy,” says CEO Robert Glaser in a news re­lease.

“With hous­ing prices well be­low what they sold for a few years ago, and with mort­gage rates be­low five per cent, lux­ury homes that once seemed un- ob­tain­able are now within reach of more buy­ers,” he says. “At the same time, those with the means to pur­chase multi-mil­lion-dol­lar prop­er­ties are find­ing that they can get a lot more for their money, and are seiz­ing this op­por­tu­nity to in­vest in high-end homes that are likely to in­crease in value over the com­ing years.”

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.