Troy's space: Miami Real Estate

Real Estate Conditions in The Miami-Dade Metro Area

Fri, 29 Feb 2008 03:58:02 GMT

The City of Miami in Florida is the largest city in the state of Florida, located in Southeast Florida, in Miami-Dade County. The City is world-famous for its diverse culture and healthy ethnic mix, with strong ties to the Hispanic world, and is the largest urban enclave in the county.

The vibrant metropolis is also known as the Gateway to the Americas, as it attracts a tremendous amount of foreign-born nationals, and is recognized globally as an international hub of commerce, tourism and the cruise line industry

New Developments Abound Here

The new developments in the Miami metro area today include residential homes and high-rises as well as other cultural, entertainment and business institutions and eye-catching attractions. The city has 13 different neighborhoods that contain many historical and cultural locations and landmarks.

Each of the city's neighborhoods are equipped with full-service parks, fire and police stations and special neighborhood assistance centers, where residents, tourists and businessmen can go to get answers and resolutions to their questions or queries, and assistance with other major city services as well.

Real Estate Conditions In Key Areas Of Miami-Dade County

- Aventura

For real estate conditions in Aventura, local property MLS sites and brokers note that there are currently 2372 condo listings in this area, with the highest-priced listing pegged at $6,000,000, and the lowest-priced listing set at $99,000.

For the period, pending sales were placed at 114, and the closed sales for January of this year were 40, and these units ranged in prices from $3,600,000 to $112,000.According to local housing analysts, Aventura's real estate market remains in good condition, and its residents love the proximity to the ocean and its central location.

- Miami Shores

According to recent figures, there are currently 222 home listings in this area, with the highest-priced home listing pegged at $3,250,000, while the lowest-priced listing is set at $229,500. Pending home sales here stands at 14, while closed sales for January of 2008 stood at 3. The closed sale prices ranged from $668,470, $339,000 and $375,000. According to housing industry observers, if home sales here stays at a pace of 3 sales per month, it will probably take 6 years to sell the area's inventory.

- Fisher Island

At present, there are currently 97 home listings on Fisher Island, with the highest priced listing pegged at $10,900,000, and the lowest home-price listing set at $449,000. For the moment, pending home sales are 0, while closed sales January stand at 1, with the property priced at $4.7 million, and finally sold at $4 million.

This affluent residential district is seeing a slight increase in inventory, but not a decrease in pricing, although the average price on the market has increased. This community is still considered to have one of the wealthiest zip codes in the US.

At present, many home buyers and housing market analysts are talking about a "down market", however, the truth is that the market today always favors either sellers or buyers, in this case the real estate market favors buyers, which indicates that this is a perfect time to buy homes.

Vanessa Arellano Doctor
Epic Miami Condos

Downtown Miami To See Mega-Skyscrapers Soon

Fri, 29 Feb 2008 03:51:43 GMT

You think those new towers rising in downtown Miami are tall? Well, you ain't seen nothing yet. Residents here should get ready for the Great Leap Upward -- a new class of super-tall skyscrapers that would make those big new high-rises seem like relative pygmies.

Undeterred by the real estate downturn, and aided by a little-noticed relaxation of downtown height limits protecting Miami International Airport's flight paths, two local developers want to take you higher -- over the 1,000-foot threshold, rare heights in the United States outside of New York and Chicago.

On Thursday, the Miami City Commission will consider Maclee Development's proposed Empire World Towers, a pair of rounded residential cloud-busters that would rise 93 stories over Biscayne Boulevard across from Bayside Marketplace. The city's planning board has recommended approval.

Already approved by the commission: veteran Miami developer Tibor Hollo's One Bayfront Plaza, a 1,010-foot glass office tower resembling a twisting, billowing mainsail. The $1.8 billion project, which also includes a shorter hotel tower, would replace an existing 19-story ''high-rise'' at 100 S. Biscayne Blvd., across from Bayfront Park.

Both developers say they fully intend to build. Because of their size and complexity, both projects would take years to design, review, and construct. They wouldn't be finished until the mid-2010s, allowing plenty of time for the sagging market to rebound, the developers say.

Vanessa Arellano Doctor
http://regatta2.com

Find the Right Miami Condo for You

Fri, 29 Feb 2008 03:42:47 GMT

These days, condos are feasible way of getting into housing market. Miami condos are good property to purchase if you can’t afford to buy a single family home.

Condos are best for people who do not want to spend much of their time doing yard works such as mowing the lawn, trimming the plants, cleaning gutters, watering plants, planting flowers and plants and so on. It is also best for people who can’t spend much time in doing maintenance chores. In owning a single family home, you have to do things by yourself like trimming the grass, mowing the lawn, watering plants, gardening, repainting your home, repairing roofs, repairing faucets or leaks and so on.

One of the major benefits of owning a Miami condo is that you can experience the pleasure of owning your own home without hassling or stressing yourself with the responsibilities of maintaining your property. With owning a condo, you do not have to concern yourself with mowing lawn, repairing roofs and so on.

Typically, the association fees that you paid to the owner covers the maintenance expenses of your unit and the outside portions of the area and the amenities that you take advantage at such as lobby, maintenance of swimming pools, fitness facilities, elevators, landscaping and so on.

In buying Miami condo, you can have the privilege to make use of the amenities that the building provides such s swimming pool, fitness facility and so on.

With the pristine beaches, good weather, more and more people are buying properties in Miami and one of the properties that being bought by people are condos. Yes, not only tourists are enjoying Miami, there are lots of people who want to stay in the city so they prefer buying new or second home in the city.

There are plenty of condos that you can find in Miami, so it is best to check out and find the right one for you. It is a fact that these condos come with rules and regulations, so it is best to check out the rules first before owning one. You have to assure first that you can live with the rules that the building has before owning one.

You can visit few Miami condos, check out the unit and their rules before you buy one. Of course, you need to pick the one that can fit to your lifestyle in order to assure that you will be enjoying your stay to your condo.

You can work with a realtor in order to gain assistance and guidance in seeking for the right Miami condo for you. Just assure yourself that you are getting the right realtor, one that can assist you effectively, make sure that he/she is very familiar with the market. Contact your family and friends and ask for recommendation.

These are few of the tips that can help you out in finding the right Miami condo for you.

Eliza Maledevic Ayson
Miami Beach Condos Regatta2