new condo development

It's really remarkable the incredible optimism that developers now have about the Florida real estate market: a complete 180 from just a few years ago.  And I do not agree with those that say that we're creating a new "bubble".  The dynamics of this new expansion is very different.  See here:
83 New Condo Towers Proposed For South Florida; It's 2004 All Over Again - WORLD PROPERTY CHANNEL Global News Center

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bidding wars

It never ceases to amaze me that what's old is once again new again.  Not since 2006 have I witnessed the type of market activity that I'm seeing in today's market.  At first it was only the lower priced homes that were getting the multiple offers.  Yet now, this type of activity has started happening at the higher price ranges.  Case in point:  I brought a $475,000  home to market on a Monday, sold it for full asking price on Wednesday, and I have another full price back-up offer in waiting.  Seller's market?  You bet!