143 Mar-a-Lago appraisal @ $18 Million?? LMFAO!! >> THIS House in Palm Beach Sold for $122,650,000 // CASE CLOSED (www.palmbeachpost.com) posted 1 year ago by Oh_Well_ian 1 year ago by Oh_Well_ian +143 / -0 46 comments share 46 comments share save hide report block hide replies
Two houses in my neighborhood just sold for over 1 million. These are basic Cape Cod style, four bedroom, two bath on 50X100 lots. All newly renovated (about 200K). Way over valued in my opinion, but the market feels differently. It's insane.
It's whatever anyone is willing to pay.
Of course, when the market goes down, so do the prices.
But the market is up for housing for the just 5 years, obscenely so.