There are numerous custom home and speculative developments popping up along the shoreline suggesting that the demand and ultimately the value of a new house can digest the premiums associated with buying an older one and tearing it down. We haven’t seen this kind of activity since before the 2008 market correction.
— Dean Jones, President & CEO of Realogics Sotheby’s International Realty
 

SUMMARY: "hot" summer sales season in full swing