What's the Profile of a Multi-Million Dollar Home Buyer?

Living in South Florida there are a tremendous amount of homes that sell for over a million dollars. In fact in the first half of 2005, there were 123 homes that sold for over two million dollars. So who are these people buying all these beautiful homes? What is the profile of a buyer of a home that sells for over two million dollars?

1. 89% are married
2. Nearly 75% are under 55 years old
3. 14% were born abroad and 86% were born in the US
4. Only 6% inherited twenty percent or more of their wealth
5. 51% report over a million dollars income each year
6. 81% are top corporate executives, self-employed professionals, or business owners
7. 71% attend the theatre, ballet, or opera
8. 40% play tennis and 71% play golf

Amit Bhuta
Real Estate Helper
Kendall Village Homes
(305) 439-3031
www.DadeCountyMLS.com