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Paul Heller

"Luxury Beachfront Specialist"
  • 16 Answers
  • 3 Listings
  • 1 Question
Agent at Prudential Florida WCI Realty
Specialties:
Pre-Construction
Condo Conversions
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Certifications
& Awards:
E-Pro certification
Winner of the Prudential Florida WCI Virtual Tour Of The Month
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Interests:
Sports, Music, Architecture, Nature, Travel
About:
I am originally from New York City and I moved to Florida in 1997. I became a realtor in 2003 and have sold almost 10 million dollars since then.
I live
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Paul Heller answered:
It is hard to answer that question. Sunny isles is very different from Hollywood and Hallandale.
We are not in a bubble, but rather a correction. If it was a bubble, then prices would have dropped more than 50%. Prices have fallen approximately 25% generally speaking. Sunny isles with all its new construction has signifcantly more inventory in its price point. As long as their as much excess inventory to the current market, then prices will continue to fal. But other variables can help bottm the market out, such as a repeal of property taxes for example. And the state legislature is in session discussing possible other amendments to address the tax situation.
Any questions email me at pheller@bellsouth.net - Wed Apr 23 2008, 10:12

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