Usually, whenever you hear about buying or selling Miami Beach real estate, one of the repeated factors in a successful sale is location. The location of a home can indeed drive up prices and affect desirability which also determines how far you can get away with negotiation. When taking this into account, how are neighborhoods doing under the existing market circumstances?
Those of you who own Miami Beach real estate will be pleased to know that the barrier island is one of the zip codes where there's actually been an encouraging degree of appreciation. Miami Beach is one of several neighborhoods with a large concentration of condos that fall under the category of luxury and waterfront. These types of neighborhoods are the ones that saw gains when compared to others that have depreciated.
Are you in one of the neighborhoods that have seen appreciation or depreciation? How has this affected your efforts if you're currently trying to buy or sell?