South Beach Real Estate - Investing in Condos

Are you tired of headlines such as “Blod bath in Sunny Isles and Miami Beach for luxury oceanfront condos” and “The prices are going lower and lower in Miami” and “Too much supply no demand” and “Buying condos for 30 to 50 cents on the dollar”? Not to mention all the foreclosures and short sales we were going to get for luxury oceanfront residences like Acqualina, Turnberry Ocean Colony, Trump Palace and every other condo in Florida? Where are all the desperate condo owners who must sell at a loss?

The truth is no one is selling at a loss. Today’s buyers are placing frequent offers but soon find that seller’s are only accepting 5 to 10% off the asking prices. The demand for oceanfront luxury condos is on the rise again and the prices (believe it or not) are going up. Home buyers from around the U.S. and abroad are descending on Florida to buy condominiums that have suffered price drops amid the housing glut, subprime-mortgage crisis and credit crunch. Some are searching for investment properties, confident home prices will soon rebound. Others are hunting for vacation or retirement homes.

Here is a highlight from a recent Miami Herald article written by Andres Amerikaner:

“The surge in Sunny Isles real estate has led to an unexpected distinction as it’s shed the run down image of the past to a touristic resurgence of the future. Trip Advisor, the largest travel community online, has ranked Sunny Isles as the top emerging destination in the country for 2008”

I’m here to tell you that the blood bath is over and the worst had already occurred for luxury oceanfront properties in Sunny Isles, Miami Beach, Bal Harbour and South Beach. In fact, the demand is rising and it has to do with the winter season, weak dollar, end users wanting a piece of oceanfront and willing to pay market value and buyers realizing that now is the best time to buy. Buyers are turning to Sunny Isles Beach, Miami Beach, and surrounding areas, in search of high-demand property. According to Market Trend graph, the average selling price in Dade County increased over 7% when comparing the last 3 months to the same 3 months a year ago.

It’s an exciting market at the moment, and you can easily take advantage of it. However, in order to do that, you’ll need the services of experienced Sunny Isles Real Estate expert who’s willing to go the extra mile to sell your home for the maximum value, in the shortest amount of time possible.

I have the tools, knowledge and necessary experience to achieve excellent results every time. I also offer real-time statistics, including current availability, rent, sales history and complete price per square feet analysis on my website for each building.

Sincerely Yours,

Leon Belenky
Broker of Sunny Realty Of South Florida