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(MoneyNewsWire.Net, March 31, 2015 ) Huntsville, AL -- Typical luxury condo price hike decelerated within the fourth-quarter, rising just by 3% year over year, based on a report issued Monday by Junonia Beach Resort, an online real estate Company. Last quarter’s expansion level for condos priced in the top 5% in markets was the least since 2012 — a large come down from a 16 % hike within the first 3 months of 2014.
Junonia also testified that delaying price growth was a pattern it'd observed in the luxury condos market and through the overall market during 2014, and one it anticipated might proceed this year.
Still, the entire downturn in luxury condominium price growth didn't hold in several cities, where costs outpaced the rest of the real estate market just by double-digits.
For instance, luxury condos for sale costs in Miami Beach increased by 32 percent for the quarter and 66% in the previous year — a 41% point difference in-growth as compared to the rest of the Miami Beach market. The cost growth was pushed by an increase of purchasers from South America and Europe, based on reports of Junonia Beach resort.
In numerous other cities, the high end real estate market chilled within the fourth-quarter, with costs in the top 5 percent of the market falling by double-digits every year while prices within the rest of the market demonstrated robust growth.
In both Delray Beach in Florida & Boulder, Colorado, luxury condominium prices dropped by 18% year over year, whereas costs within the rest of these areas increased by 5% and 12%, respectively.
It expected that along with breakaway cities like Miami Beach, some inland and coastal cities with a history of foreign ownership — Huntington Beach, California, and City of Chandler, Arizona, for instance — may likely increase to that standing in 2015.
About Junonia Beach Resort:
Junonia Beach Resort, (www.junoniabeachresort.com), is one of the leading real estate company based in Fairhope, Alabama. The Junonia Beach Resort is providing exclusive luxury condos furnished with quality fittings and best amenities to enjoy the unobstructed Gulf view from the comfort of home.
Contact Information:
For more information and other media related inquiries, please contact:
Metropolitan Statistical Area: Fairhope
State: Alabama
Country: USA
Contact Name: Green Circle Agency
Contact Email: howdy@greencircleagency.com
Complete Address: P.O. Box 1085 Fairhope, AL
Zip Code: 36533
Contact Phone: 800-773-6503
Website: http://www.junoniabeachresort.com
junoniabeachresort.com/
Green Circle Agency
(866)596-7417
howdy@greencircleagency.com
Source: EmailWire.Com 
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