"In a housing market defined by high mortgage rates and tight inventory, the very top of the market is still moving-sometimes at jaw-dropping prices."
"In Saint Augustine, FL, recent sales show just how much buyers are willing to pay for location, scale and exclusivity."
High mortgage rates and tight inventory are defining the current housing market. The highest-priced segment continues to transact, sometimes at jaw-dropping prices. Buyers in Saint Augustine, FL pay premiums for location, scale, and exclusivity. Top transactions concentrate in waterfront, historic, and gated neighborhoods with large lots, privacy, and premium amenities. Luxury buyers often accept financing costs to secure unique properties that offer lifestyle and investment value. Limited supply at the top intensifies competition and supports record prices. Brokerage and listing strategies emphasizing scarcity and lifestyle features further elevate final sale prices.
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