"As price reductions have become more common, the pricing gap between buyers and sellers of ultra-luxury homes in South Florida has narrowed, resulting in a boost in activity at the very high end over the last two-plus months. Each deal creates momentum for the next." (Article link below.) http://therealdeal.com/miami/2024/04/30/price-cuts-big-deals-define-south-florida-luxe-resi-market/