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The first real estate bubble in Florida was primarily caused by the economic prosperity of the 1920s coupled with a lack of knowledge about storm frequency and poor building standards. This pioneering era of Florida land speculation lasted from 1924 to 1926 and attracted investors from all over the nation. [1]
Swampland in Florida is a figure of speech referring to real estate scams in which a seller misrepresents unusable swampland as developable property. These types of unseen property scams became widely known in the United States in the 20th century, and the phrase is often used metaphorically for any scam that misrepresents what is being sold.
The property's 500 feet of water frontage — at one point the most available for sale in South Florida — made the multimillion-dollar property stand out, according to Realtor Michael Ivancevic.
It was conceptualized to hold auctions for high-priced real estate between a seller and a group of buyers. Local real estate agents receive 5-6 percent sales commission and Concierge Auctions charges 12 percent to buyers. Auctions range from $2 million to $100 million, but have an average of about $4 million. [10]
There were more houses for sale on the Treasure Coast in October than in September, but they cost more, took longer to sell and fewer sold, according to data Florida Realtors released Nov. 21.
Florida’s real estate market is dynamic and ever-changing. ... Right now, you can find nearly 200,000 homes for sale in Florida, a whopping 35% increase compared to just one year ago. This surge ...