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Published: Sunday, May 1, 2011 at 1:00 a.m.
Last Modified: Thursday, April 28, 2011 at 4:14 p.m.
OK, you missed your chanceat the mansion in Longboat Key Club’s Regents Court that just sold for an island-record $12.5 million. But don’t fret. There are many other extremely high-end homes still on the local market. (More …)
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By Steve Cook
RISMEDIA, May 5, 2011—It’s still very much a “cold” buyer’s market according to the Institute for Luxury Home Marketing’s April 24 Luxury Housing Report, but early numbers from the spring home buying season suggest that demand is warming up.
Inventories of homes over $1 million built up over the winter, but even with more properties coming on market with warmer weather, increasing the national inventory from 27,500 to 32,500 since January, days on market have dropped markedly in recent weeks. (More …)
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By Kathleen Carlin-Russell
There are more millionaires in America now than there were a year ago. In the New York area alone, there are now 667,200 high-net-worth individuals (people with a net worth of more than $1 million, excluding real estate), according to the 2010 U.S. Metro Wealth Index released last week by consulting firm Capegemini. That number put New York at the top of the list, which showed HNWI in the 10 largest U.S. metro areas monitored grew by 17.5 percent in 2009 — the highest rate of growth in more than four years. (More …)