People are easily drawn to the Miami real estate market because of the fact that it has a rich selection of different types of properties which are suitable for people from all over the world. It seems that the region possesses such a distinctive array of qualities which span from being a world-class tourist destination located along the Atlantic coast of South Florida to being an international center for business, commerce, finance, culture, media, arts, entertainment, and trade.
While it is easy to see how dynamic and diverse the region is, it always helps to keep informed about the Miami real estate market situation. Keep reading to learn more about the current situation within the region as of the first half of 2012.
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Two Sides of The Coin
It seems that the Miami real estate market is much like a coin that has two sides. One side shows the impressive developments which have been made possible by the many cash-based transactions that have basically helped to boost property prices across the region. The other side shows a gloomier face of the market which remains troubled as the foreclosure rate is still high.
The Up Side
Single-family homes and condominiums within Miami have garnered a pending sales increase of 22 percent in June 2012 compared with June 2011. But pending sales are not the only figures that have increased as the sales price for single-family homes and condominiums have also increased for the seventh straight month which indicates steady growth for the Miami real estate market.
In June 2012, the median sales price for Miami condominiums increased by as much as 34 percent to $160,000 while the median sales price for Miami homes increased by as much as 5 percent to $194,250 compared to June 2011. Of course, it is important to note that median sales price values are different from the actual prices which can be higher or lower than the values mentioned above.
As far as the number of cash-based transactions within the region, 65 percent of all closed sales in June 2012 were paid for in cash. 46 percent of all single-family home closings and 77 percent of Miami condominium closings were settled in cash.
The Down Side
While there are a lot of people making purchases within the region, it seems that the foreclosure problem remains heavy as Miami is still takes the lead within Florida as far as foreclosures are concerned. As many as 3,260 properties received a foreclosure filing within Miami.
The situation may not be as ideal as most people would hope, but there has definitely been some improvement as proven by the fact that June 2012 saw the lowest monthly total of foreclosure filings for the year.
If you would like to learn more about the current situation on the Miami Real Estate Market, you should take the time to contact a professional agent for more information.
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Showing posts with label Miami. Show all posts
Showing posts with label Miami. Show all posts
Thursday, 6 September 2012
The Distinctive Features That Set Fisher Island Real Estate Apart From Other Options In Miami
Fisher Island real estate options are known to be one of the most outstanding options in Miami today. If you happen to be someone who would like to purchase a home or condo within Miami, you should take the time to discover the distinctive features that set these options apart from other options available within the region.
Amazing Oceanfront Location
Property buyers will often be told that location is of utmost importance when it comes to any property purchase. Now, Fisher Island real estate options are located in one of the most amazing oceanfront locations in Biscayne Bay where a fabulous selection of waterfront properties are situated.
People can easily look forward to waking up to the warmth of the sun while being in the midst of such majestic surroundings which is simply perfect for people of all ages which is unlike other areas which only seem to cater to specific age ranges.
But aside from its direct views of the Atlantic Ocean, the community is also located just minutes away from prime areas such as the neighborhood of South Beach and the dynamic city of Miami which makes it convenient for residents who are looking forward to the chance to explore everything that the region has in store for them.
Private Island Community
The private island community is one of the most exclusive areas within the Miami region as there are no roads or causeways that connect the island to the mainland since it is only accessible by private boat, ferry, or helicopter.
Also, in making sure that all of the residents are given the highest degree of security, the community implements strict regulations when it comes to letting people get past the gates of the island. The only way that you can step foot on the island is if you are a resident, or if you have been invited by one.
The Fisher Island Club
In addition to the exclusivity that is offered by the secure community, residents of the island are also entitled to experience and indulge in the first-class amenities offered at the Fisher Island Club which include the island's very own 9-hole golf course, tennis courts, swimming pools, deep-water marinas, polo field, and country club.
If you would like to experience the luxury that can only be found within one of the most exclusive communities within Miami today, you should contact a professional agent to learn more about the Fisher Island real estate market and its grand selection of homes and condos.
Ehoàng hải yến unicity
Amazing Oceanfront Location
Property buyers will often be told that location is of utmost importance when it comes to any property purchase. Now, Fisher Island real estate options are located in one of the most amazing oceanfront locations in Biscayne Bay where a fabulous selection of waterfront properties are situated.
People can easily look forward to waking up to the warmth of the sun while being in the midst of such majestic surroundings which is simply perfect for people of all ages which is unlike other areas which only seem to cater to specific age ranges.
But aside from its direct views of the Atlantic Ocean, the community is also located just minutes away from prime areas such as the neighborhood of South Beach and the dynamic city of Miami which makes it convenient for residents who are looking forward to the chance to explore everything that the region has in store for them.
Private Island Community
The private island community is one of the most exclusive areas within the Miami region as there are no roads or causeways that connect the island to the mainland since it is only accessible by private boat, ferry, or helicopter.
Also, in making sure that all of the residents are given the highest degree of security, the community implements strict regulations when it comes to letting people get past the gates of the island. The only way that you can step foot on the island is if you are a resident, or if you have been invited by one.
The Fisher Island Club
In addition to the exclusivity that is offered by the secure community, residents of the island are also entitled to experience and indulge in the first-class amenities offered at the Fisher Island Club which include the island's very own 9-hole golf course, tennis courts, swimming pools, deep-water marinas, polo field, and country club.
If you would like to experience the luxury that can only be found within one of the most exclusive communities within Miami today, you should contact a professional agent to learn more about the Fisher Island real estate market and its grand selection of homes and condos.
Ehoàng hải yến unicity
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