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With wealthy buyers relocating from states such as New York and California and large financial institutions drawn by local economic policies, pending sales and demand for luxury real estate in West Palm Beach, Florida, are bucking national sales trends.
Pending sales in January for luxury homes in the area spiked 30 percent from a year ago, real estate brokerage Redfin reported on March 2. That jump—the sharpest among the 50 most populated metropolitan regions in the United States—follows a 31.5 percent year-over-year gain in pending sales in December, Redfin said.
Nationally, however, pending sales of luxury homes dipped 3.6 percent year over year in January, while non-luxury pending sales declined 1.8 percent, according to Redfin….
Pending sales in January for luxury homes in the area spiked 30 percent from a year ago, real estate brokerage Redfin reported on March 2. That jump—the sharpest among the 50 most populated metropolitan regions in the United States—follows a 31.5 percent year-over-year gain in pending sales in December, Redfin said.
Nationally, however, pending sales of luxury homes dipped 3.6 percent year over year in January, while non-luxury pending sales declined 1.8 percent, according to Redfin….
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