I N S I G H T I N T O T H E U LT R A - L U X U R Y R E A L E S T A T E M A R K E T
FLORIDA MARKET REPORT
BESPOKE LUXURY MAGAZINE
625
TOTA L $ 1 0 M + S A L E S 2020 - 2021
193 SALES IN 2020
Florida sold $7.9 billion worth of $10 million+ trades in 2021.
48
432 SALES IN 2021 ↑123.83%
Coming out of the pandemic, Florida had an incredibly strong market in the beginning of 2021. But rather than returning to “pre-pandemic trading levels of about 30 per quarter,” says Zachary Vichinsky, Founding Partner and CEO at Bespoke, “we believe that 80 or so transactions per quarter will be
the new normal for the region for the foreseeable future. A return to pre-pandemic trade levels would have happened already if it were going to, yet the demand continues to be very strong.” There has been new interest particularly from industries that historically had no presence in the region, but are relocating.