The Miami Real Estate

Real Estate Blog Article

Tuesday, October 06, 2009

Are you one of those would be investors considering Miami Beach real estate that has yet to take the next step?  If so, you may want to make up your mind and get started.  You’re competing against an increased presence of foreign buyers plus a price per square footage that is no longer in freefall, stabilization has begun.

According to market experts Miami is currently in a so-called “mini boom”.  After months of seeing prices drop lower and lower, it appears that lenders and developers have finally chopped down the prices to about as low as they’re ever going to get.  You can now snap up Miami Beach condos for as low $200 to $250 per square foot.

Partially due to the continued appeal of Miami real estate as lucrative rentals or second homes, many investors are looking to preserve their wealth and take advantage of these highly unusual prices.  Because activity has increased so much, some developers of luxury Miami Beach condos are refusing cash bulk offers altogether and instead catering exclusively towards retail purchasers who will gladly pay much more.

As an investor it’s obviously a lot more difficult to compete with some of these larger companies who purchase Miami real estate in bulk but if you’ve been waiting it out, now’s the time to get started before you miss out on a worthwhile investment opportunity.
 

Comments: 0
There are no comments for this post.
Post a comment below
LEAVE A COMMENT
 
Name
 
Email Address
 
URL
 
 
Comment
 
Captcha

Type the characters you see in the picture above.
 
 
< Back

Updated: Tuesday, August 21, 2018

Boomers Still Drive Canadas Ho...
Canadas baby boom generation isnt ready to stop buying and selling real estate, new data sho...

Code Of Ethics: Its Not The Bo...
Some years ago, I participated in a meeting of NAR National Association of REALTORSreg; dire...

Retirement Housing: Fixing Big...
You go out and start searching for a home to last you through your golden years. Unfortunate...

Copyright ©2018Realty Times®. All Rights Reserved

Housing Rebound: Factors to Consider
In Miami we have had an incredible year of growth with an ever shrinking supply of condos...

Hoteliers Buy Versace Mansion at Auction
Gindi Family and Nakash Family of New York were the winners of the auction for Casa Casuarina...

Stunning Estate for Sale on Allison Island
Allison Island is one of the man made islands comprising Miami Beach. One half of the island...

Avant Garde and Luxurious Penthouse on Fisher Island
Fisher Island is home to some of the highest net worth individuals in Miami. It is a private...

6000 Indian Creek, Condominium Spotlight
6000 Indian Creek is a Sieger Suarez project that was completed in 2007 and consists of...

$35 Million Buys you THIS on Star Island
$35 Million for a home on Star Island is par for the course in Miami Beach real estate....

Development Update
It is looking like a dusty winter season in Miami, with all the construction rapidly underway,...

North Bay Road Charm, 4330 North Bay Road
4330 North Bay Road is a stunning example of Mediterranean architecture in Miami Beach....

Best Home Improvements for Resale Value
It could not be a better time for a homeowner to list their home for sale in Miami. The...

Biscayne Gets a New Development
The Melo Group of developers acquired 601 NE 23rd St last year and have conceived of 23...

520 West Ave Residence 2301
520 West Avenue is home of the Bentley Bay. Bentley Bay is comprised of two modern towers...

Spice 2013, Guide 101
Miami Spice is a program whereby most of the restaurants in the city encourage people to...

Hollywood has a New Hotel
Margaritaville Hollywood is coming to Hollywood Beach and is likely to completely alter...

Sustainable Waterfront Home on Normandy Isle, 1.85 Million
Rarely on the market do we find completely sustainable, off the grid, homes in Miami Beach....

Housing Inventory on the Rise at the Close of Summer
The Wallstreet Journal released numbers via Realtor.com regarding the inventory of available...

Warm Spanish Style Home Listed on the Sunset Islands
1844 W. 23rd Street is listed on the Miami Beach luxury real estate marketplace for $11...

Former Gansevoort Getting Complete Eco-Renovation
Last year the Perry Hotel, formerly the Gansevoort, was purchased for $230 million. The...

Affordable Luxury Waterfront on Hibiscus Island
A home that is considered affordable in Miami terms for waterfront is generally between...

Bart Reines New Masterpiece Released on the Market
Bart Reines is one of the worlds most impressive modern architects living, and he has just...

New Listing on La Gorce Island
98 La Gorce Court has just been listed for sale. This over 7800 square foot home with 8...