Real Estate

High-End Real Estate Sales Accelerate

Luxury home sales are up 124 percent from July 2012. Just who are the buyers? Read on to find out.

The luxury real estate market has rebounded.

That is the word from area real estate brokers who report that sales on homes valued at $1 million and higher are humming during the hot summer, often a time when the market cools. (For a peek at some of these millionaire homes on the market, see the accompanying slide show, or visit Zillow, Patch's real estate partner.)

According to the Sarasota Herald-Tribune, 56 homes priced at $1 million and above sold in July in Sarasota, Manatee and Charlotte counties. That is 124 percent higher than in July 2012. The well-heeled buyers include European investors and elite athletes training at IMG Academy in Bradenton.

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