05.20.2012 Updates for MIAMI Real Estate
Updates for MIAMI Real Estate
Last year's median asking prices have increased more than 24% according to National Association of Realtors and Glozal, a network for realtors.
The Miami Real Estate is the second most dynamic market nationwide. The number 1 is Phoenix, AZ, where the listing prices from last year had appreciated almost 27%.
This tendency will continue for the next few years. The real estate market has been hit the most nationwide in Miami, FL and Arizona when the prices have fallen almost 40-45% from the peak in 2007.
Since that year no new constructions have started till the end of 2011. Now the market for MIAMI Real Estate has turned around. Places like Miami, Sunny Isles, Bal Harbour, and more has become “International Cities” with a lot of buyers from Brazil, Venezuela, Russia, Canada, and more finding buildings like Turnberry Ocean Colony, Jade Ocean, Jade Beach, and Acqualina as their second home. Not only that, but these buyers can have a even bigger selection of new buildings set to be finished around 2013-2014 like Mansions at Acqualina, Porsche Design, Regalia, Chateau Beach, Apogee Beach at Hallandale, and many more.