Who says no one is buying Miami Beach condos? The few who share such a sentiment may be incorrect if recent numbers in October are to be believed. Apparently people in the U.S. are putting down their John Hancock to buy a home in unprecedented numbers. Per the National Association of Realtors, October signaled a ninth straight month of increases in the amount of signed contracts.
If such news reinforces your decision to buy Miami Beach condos, you should keep in mind that these are not sales that have actually closed so there’s still that small window of the deal not actually closing. However these numbers tend to be a reliable indicator of housing market activity and where it may be headed so it does seem like things may continue to incrementally improve.
The $8,000 first time home buying tax credit remains the usual suspect in the cause of the welcome increase, spurring demand among a large demographic of people like financially qualified former renters who are looking to transition into genuine homeowners. Now that the credit eligibility has been extended into the middle of next year, there may be even better news to come as more and more people snap up Miami Beach condos.
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Miami Beach Homes
When people across the country think of Miami, they picture sunny beaches with colorful...
When people across the country think of Miami, they picture sunny beaches with colorful...
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- 57 Ocean
- 6080 Collins Avenue
- 645 Michigan Ave
- Abae
- Alton Bay
- Atlantiqua
- Burleigh House
- Carlyle
- Costa Brava
- Eighty Seven Park
- Elena
- Faena Mar
- Faena Versailles Classic
- Faena Versailles Contemporary
- Fasano Residences & Hotel
- Five Park South Beach
- Iris on the Bay
- Mirador North and South Towers
- Monaco Yacht Club
- Monad Terrace
- Nine Island
- Ocean Park South Beach Miami
- Seacoast 5151 & 5161
- Seacoast 5700
- Shore Club Private Residences
- Ten 30 South Beach
- The Perigon
- Tower House
Housing Rebound: Factors to Consider
In Miami we have had an incredible year of growth with an ever shrinking supply of condos...
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...
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...
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...
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...
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....
$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,...
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....
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...
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...
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...
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...
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...
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....
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...
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...
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...
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...
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...
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...
98 La Gorce Court has just been listed for sale. This over 7800 square foot home with 8...
