South Florida's $1 Million Dollar Homes More Common

South Florida's $1 Million Dollar Homes More Common : onlypunjab.com Team.- Health and Fitness News: "South Florida Real Estate market values continue to rise in southwest Broward County, with West Miramar's Sunset Lakes home sales reaching the $1 Million dollar mark.
'I focus my efforts in a 2 square mile area that encompasses Sunset Lakes and Harbour Lake Estates', says Ericka Dreyer, a local Realtor with Realty World South Florida. 'I recently listed a property in the Isles At Sunset Lakes for $998,000, and it sold in 5 days. When a home is professionally marketed, with buyers and sellers properly informed, you can push the limits of the real estate market.'
Market Value is an illusive number that is balanced between, 1). What it costs to build a property new (if you can find the land), 2). What other properties have sold for, and 3). What other properties are being offered at. Most real estate appraisers rely only on recent sales, but if that alone defines market value, nothing would appreciate. Buyers set the market value base on the asking price of houses available. The more active the market, the closer buyers pay to the asking price, hence appreciation."