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!

Wednesday, August 24, 2011

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?

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Tuesday, August 16, 2011

The general consensus by wary real estate followers when it comes to real estate is that renting is a safer bet than buying property like Miami Beach condos.  With a slow market and all of the other exhaustively discussed problems affecting it, the reduced commitment of renting has lead to a significant renting increase.  That may no longer be the case however.

Thanks to a small “buying boom” fueled by a steady influx of foreign investors, prices for Miami Beach condos have considerably stabilized since we rang in the year 2011.  As a result, it's now a significantly safer bet to buy than it was to rent.

All of this should be taken with a bit of guarded optimism however.  This news reflects the cost of purchasing two bedroom condos versus renting a similar property so if you're considering bigger Miami Beach condos for example, you'll need to evaluate whether it makes more sense to buy or rent when the climate remains uncertain to say the least.

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Tuesday, August 9, 2011

Many of us would love to live in Miami Beach condos but the price tags attached to a nice unit overlooking the beach or Ocean Drive usually mean that a lot of us can only hope to someday experience what the barrier island is all about.  While renting is also a very popular option, you may be surprised to know that a neighbor to the north actually attracts a greater number of renters.

In terms of renting, Miami Beach condos have been usurped by Sunny Isles Beach condos.  This year has seen a burgeoning number of renters moving into the city just north of Miami Beach, over fifty leases were taken out during the first few months.  These numbers account for a nearly ten percent increase from 2010.

Currently there are about 280 Sunny Isles Beach condo units available which translates to about four months worth of inventory.  If you're interested in learning more about these units, rates are currently $1.32 per square foot which is almost four percent higher than last year.  Also remember that there are many Miami Beach condos available for rent.

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Friday, July 22, 2011

Miami Beach condos typically receive a great deal of acclaim, especially new ones that beat the odds and become a success story during a time when developers have trouble getting people to invest in the next best thing.  And then there are the condos that generate lots of early hype but for whatever reason fail to become the success story they deserve to become.  This is the [brief] story of Artecity.

Artecity is a heavily hyped five building complex boasting ultra modern features and amenities and 202 Miami Beach condos to choose from.  While many of the units within were sold during its construction, 127 of those remained unsold plus the price per square footage was considered unusually high which did not help the building when the market went from bad to worse.  Fast forward a year after filing for bankruptcy in order to prevent foreclosure and now Artecity is back in the hands of its lender after receiving zero bids during a court auction.

While Artecity is not the first condo to experience financial trouble, many projects have emerged from their problems to become popular.  Keep in mind that Artecity is only one exception and there are many Miami Beach condos available for purchase at signfiantly reduced costs.  We'll keep you updated on the future of Artecity.

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Friday, June 24, 2011

Independence Day is just ten days away, ten days that will be here before you know it.  If you haven't made plans, chances are you won't need to do too much searching to find some kind of event near your Miami Beach condos. In fact, we've got an event you may find interesting if you just can't seem to make up your mind.

Nikki Beach is one of the most popular hangout in Miami Beach, located near some of the best Miami Beach condos on Ocean Drive.  One day before the country celebrates its independence, acclaimed DJ Robbie Rivera will be hosting his Declaration Celebration: an eighteen hour party in which he will be joined by fellow DJs Willie Morales, Felipe Kaval, Armand Pena and Bruno Robles.  The parties on South Beach are notorious for their high energy so you can expect to have lots of great fun.

Tickets for the July 3rd celebration cost $20 which grants you access to the party from 7:00 PM to 5:00 AM.  If those hours don't work, you can also visit free of charge before 7:00 PM since doors open at 11:00 PM.  If you plan on heading out from your Miami Beach condos, make sure to reserve your VIP tables.

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Wednesday, June 15, 2011

Luxury Miami Beach condos and those throughout Miami are usually intended for well to do buyers; the rental class has largely been left out.  Today, it's all about the renters.  Luxurious pet spas, al fresco movie theaters, developers are now catering to the groups of people who might have been considered the minority at one point.

Still uncertain about where the market may be headed, renters continue to embrace buildings like luxury Miami Beach condos.  Not having to navigate the choppy waters of a mortgage or plunk down a huge sum of cash remains one of the primary reasons for the huge growth in renters.  It also doesn't help the buyers market that prices and interest rates are still low but lenders maintain a steel grip on who they choose to lend to.

It's important to note that there are buyers out there who can afford to buy and can most likely pass the stringent requirements lenders have placed in order to buy Miami Beach condos.  However, it seems that until there's some greater semblance of stability in the market, buyers will continue to wait while renters emerge and take the plunge.

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