Miami Beach Real Estate News

Real Estate News

Every day is a different experience in Miami Beach.  Its ever-changing landscape and the diversity of the Miami Beach real estate market present exciting new ventures, opportunities and events that make it one of the most dynamic cities in all of sunny South Florida.

Our Miami Beach real estate blog is always being updated with the latest real estate news about Miami Beach and its neighboring areas, including local events and exciting new happenings.  As part our ongoing efforts to provide you with the most comprehensive information on Miami Beach and its collection of varied property, we will highlight and acquaint you with a new, acclaimed Miami Beach condo each month.

We encourage you to comment on our latest Miami Beach real estate and South Beach real estate news postings and contribute to the discussion.  The eclectic lifestyle and community always presents new perspectives and we’d love for you to share our postings with friends and family through your preferred social networking websites.  Thank you for reading our Miami Beach blog!

Friday, April 13, 2012
There is always speculation within the real estate community about whether NOW is the right time to buy in Miami Beach. We are here to tell you, this is THE time to buy or sell. Home prices are still down 30% from 2004, and the market is stabilizing so home sellers it is also a prime time to list. Inventory is continually shrinking since foreclosures have gone down and people are sweeping in to get whatever they can in the market. Buyers are literally coming in droves to Miami Beach buying condos and homes at great prices. The international appeal of Miami is enormous and understandable with its world class shopping, gourmet dining, and pristine beaches. We would like to take the opportunity to discuss what is selling and the state of the market.
Distressed properties made up 34% of sales in February according to the National Association of Realtors and investors purchased 64% more homes in 2011 than in 2010. The second home market, which is incredibly large in Miami, is also up 7% in 2011. The median home prices are also up from 2010 for investment homes by $10,000 and vacation homes sales median prices are actually down 19% from 2010, a fact which enables you to get a rock bottom price for your second property. The interest rates are at record lows as well and mortgage rates are similarly low. Multiple offers are becoming commonplace in Miami Beach as people are still trying to get rock bottom prices. In addition, developers are building again. For more information on new projects and purchasing a vacation home, contact us today!
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Wednesday, April 11, 2012
Jade Beach Featured Listing of the Week! Palace in the Sky
Jade Beach has some incredible residences available currently, and of all of them, penthouse 4905 is by far the most lavish. With 6 bedrooms, 7 bathrooms, and 1 half bath, in over 14,000 square feet, there really is not a home of this magnitude sitting on the skyline in Miami currently. This penthouse encompasses the 49, 50, and 51 floor of Jade Beach and has every detail custom designed. White glass marble floors open out to rooftop decks with Jacuzzis, giving you views of the Atlantic Ocean and Intracoastal Waterways during sunrise and sunset. This palace in the sky has everything you would ever want and more from a home. Incredible built in features in the study, enormous three story glass windows overlooking the ocean from the main room, bedrooms impeccably furnished, designer and custom chef ready kitchen, and every room overlooks the water. Hurricane Impact glass is in every opening, and the home is secure with its own private elevator.  It truly is worth its asking price.
Jade Beach is also an incredible resort style building in beautiful Sunny Isles Beach. Completed in 2008 by famed architect Carlos Ott, this building epitomizes the love of water, in its elaborate cascading waterfalls and cabana and pool system. There are business centers, massage and treatment rooms with private specialists, state of the art fitness center with digital and live personal trainers on site, and casual dining 24 hrs a day. The SMART building technology is the latest in advances in condominium living insuring safety and comfort adjusting to your every need. Further there is 24 hour security and valet parking with mail room attendants on staff. Sunny Isles has seen the most development of any seaside community in the last five years in South Florida, and it is understandable why. The beautiful sand beaches as well as the skylines of Miami and the Atlantic Ocean make it an ideal location for condominium living. It is minutes from South Beach, and equidistant from the Fort Lauderdale International Airport and Miami International Airport. World class dining and shopping is available a short distance away in famous Bal Harbour. For more information on Jade Beach, Contact Us Today!
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Tuesday, April 10, 2012

It is undeniable in Miami Beach that sales are picking up. Inventory is limited, the banks are releasing fewer foreclosures, and investors have been eager to snap up the latest properties that have been released and veritable bidding wars have ensued. The increase in the final sale of the property, which is resultant of the bidding war, is gently increasing the overall sale prices in South Florida, who were hit hardest in the market crash of 2008. Further, new developments in South Florida are abounding, over 30 planned, and brokers are being given high incentives to get these preconstruction units sold. What an exciting time. The news were are very eager to share is the reports from the National Association of Realtors regarding a surge in the purchases of vacation properties, with cash!

 

Investors are paying in cash for properties coming up as foreclosures and short sales, within the luxury real estate and condominium market, which has been able to help counter the foreclosures on the market. The increase in rental prices is making it more desirable to invest in properties and 41% of the time, investors are buying multiple properties at once, according to NAR Chief Economist Lawrence Yun. 49% of investors paid in cash and investors comprised approximately 1/3 of all purchases. The proportion of these sales that were vacation were 11%, a fact that does not fall on deaf ears in the Miami Beach Condominium Market. We are increasingly seeing on Zillow, Trulia, throughout news sources reporting on the surge of sales in South Florida. For the most recent comparable sales in Miami Beach, contact us today!

 

 

 

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Thursday, April 05, 2012
The Miami Herald reported an estimated 13.4 million people visited Miami in 2011, a record, and a 6.7 increase over 2010. Also, in the news, Miami Dade county experienced the 4 th largest increase in population and is the seventh largest county in the country. Many make the move to Miami for its weather, amazing shopping and dining, and all around beauty and it is clear they begin by visiting! Brazilians were the leading visitors representing 634,000. It is no surprise that Brazilians were also buying during their visits, along with Canadians.
 
One reason Brazilians have bought in South Florida is the recent amazing prices on properties available. South Florida sellers appreciate these clients since they buy often are cash buyers. According to National Association of Realtors, 85% of Brazilian acquisitions are cash deals. Further, when the US economy was in decline, the Brazilian economy experienced a sharp upturn. According to NAR 8% of buyers in Florida were Brazilian. Canadians also have been purchasing condos in South Florida and combined with Brazilians are attributed with helping increase condo prices by up to 50% from 2009, according to Condo Vultures.  Canadians comprised 3% of all Florida buyers. The Canadians purchased lower priced investment properties, whereas the Brazilians purchased luxury properties. Whether luxury or investment, South Florida Real Estate is on the rise, with pending sales up by as much as 50% and it will be interesting to see who else will be buying in 2012, and Miami Condos and Homes has your inside track!
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Wednesday, April 04, 2012
The Continuum is a complex completed in 2003 and is situated at the southernmost tip of South Beach in the tony neighborhood called Sofi, short for South of Fifth. These properties are some of the most decadent and splendid in South Beach and have incredible views of the Atlantic Ocean, Fisher Island, the government cut, and Biscayne Bay. It is very close to 395, making trips to Downtown and the Miami International Airport, hastle free, and the restaurants in the area are some of the most premier, including Prime 112, Joes Stonecrab, and Smith and Wolensky. The amenities at The Continuum are truly five star resort quality. With 1,000 feet of beachfront, sports club with complete training, classes, and tennis facility, party and card rooms with kitchen full catering kitchen facilities, secure 24 gatehouses, meeting and conference rooms, 3 pools, and prewired security systems, there is little to be desired from this exclusive complex.
 
We would like to showcase one of the most incredible Penthouses on the Market found in The Continuum, Penthouse 3. This top story penthouse boasts 365 degree views of the Atlantic Ocean, Fisher Island, and all of South Beach. Enjoy the gentle breezes from the rooftop pool and deck complete with summer kitchen and luxurious lawn chaises. It has the coveted southern exposure and has central hair and heat. The flooring is top of the line imported wood and marble, and every room has a view. This 3 bedroom and 3 and 2 half bathroom masterpiece is one of the most exquisite skyhomes found in the Miami Beach real estate marketplace. All windows have hurricane impact glass, and are floor to ceiling. The bathrooms include huge tubs which are really more considered jazuzzis with seemless walk in showers. This home enjoys a private elevator with 3 car parking spaces accessible independently or through the 24 hour valet. All appliances are top of the line and the kitchen is gourmet chef ready. Penthouse 3 is listed at 19.5 million and we are pleased to offer showings today.
 
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Friday, March 30, 2012
Color in a home can be a major deal breaker and interior designers and feng shui experts are continually experimenting with color in different places in the home, in combination with realtors to get the exact right look for buyers and sellers. Some colors are trendy, while others have long been staples in design. In Miami, it is uniform for a home to be decorated in all white, an influence from European designs of Philippe Starck which are popular in Miami and Miami Beach. Other trends in Miami Beach are those remnants of the Art Deco era, with lots of pops of color on white, along with Key West influenced tropical wood with island accents. Below is a list of NEW trends in spring color, enjoy and if you are thinking of selling your home or curious what is selling in your neighborhood, contact us today!
 
Yellow: Not only is yellow a mood lifter, but it also is an inviting color for traditional décor to modern depending on your style. For Art Deco looks, try canary yellow and for traditional, a lighter yellow can be used in nearly every room of your home for a relaxing or vibrant effect.
 
Pink: Light pink is a more traditional tone for spaces like childrens rooms and nurseries, while deeper tones of pink are increasingly used in dining areas and living rooms. In more modern spaces deep pinks make an excellent contrast shade with electric orange.
 
Apricot: This color is really making a comeback, since the 1970’s version which was popular in living rooms. It is now a really nice contrast to the blue skys and is used well in sun rooms. Many homes in Miami have Moroccan influences with deep Brazillian Cherry wood floors, and Apricot makes a nice statement in these types of rooms and goes beautifully with gold accents.
 
Beige:  You cannot go wrong with beige in any room. It is soothing, matches everything, and is the most widely used color in homes. Bedrooms and living rooms in beige are often decorated with living plants and green accents in Feng Shui, and the effect is truly romantic.
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