Mansion meaning on the Atlantic coast
I'm not an economist or one or the great guru of all things real estate.
I read a lot about the market in our area and keep abreast of the news but often my best indication of market shifts is keeping my eyes open.
I recently took Realtor friends for a drive down the A1A along the Atlantic coast starting along the West Palm Beach area.
For miles we saw mansions of course in this playground for the the well heeled.
What we also saw was massive renovations and new mansions going up. More than a dozen. We also saw condominiums being constructed. Not abandoned projects.
We are talking probably multi-million dollar projects. The land alone is worth millions.
It may not be the trickle down theory but when I see new mansions going up in an area like that it makes you start to think there is a wave of new interest in real estate in this winter wonderland of Florida.