Looking To Buy Condos For Sale: 3 Facts Many People Overlook
Article by Chris Harmen
Hunting for condos for sale can be as exhausting as searching for a traditional house on the market. However, condominiums offer a unique set of pros and cons as compared to single family homes. The conscientious buyer should understand those differences in order to find the best pick of the market. Ultimately, no matter what type of home a buyer is in the market for, finding the right living space at the best price is every buyer's goal.
Let's consider three aspects of researching condos for sale in order to make the perfect purchase
Consider All The Costs – Common Charge Fees
One of the benefits of condominium living is the amenities and common areas that are provided. These amenities range from doormen, fitness centers, private parking structures and pools. All of these services will be folded in to one fee, which is either due monthly, quarterly, or yearly. It is important to keep common charge fees in mind when comparing the total cost of ownership between different condos for sale. These options also allow buyers some flexibility when choosing between different communities since the cost of common charges can vary greatly. Some communities are able to use green technology such as energy efficient windows and alternate energy sources to help reduce common charges, so it's a good idea to ask lots of questions to find out where these fees come from and what they go towards.
Insulation And Noise LevelsEvery person is different in their tolerance for outside noise levels. Some people may be accustomed to living in big cities and do not mind to hear the comings and goings of their neighbors. Others prefer to find condos for sale that offer their own private sanctuary. In order to determine how well insulated a particular unit is, keep in mind these factors.
The materials of construction along with amount of insulation in the walls, floor, and ceiling will determine how much sound travels. Masonry block walls, for example, provide an excellent sound barrier. Sheet rock and concrete planks can provide insulation between floors. One major factor is the location of the condominium. The top floor will typically have less outside noise and traffic, but you will have to climb more stairs or take a longer elevator ride. Overall, make sure to match the unit with your preference before committing to a purchase.
Consider Your Potential Neighbors When Looking For Condos For Sale
Each community will have its own feeling due to the people living there. Of course, there is no way to know every person before buying or even after living in the building for a few years. However, there are a few factors that can tip buyers off concerning the environment they will be moving into. The number one question on a buyer's mind should be whether the majority of the units are rentals or are owned outright. Owners will tend to better maintain common areas and will form a long lasting sense of community and stability among neighbors.
These three tips should form the foundation for effective market research into condos for sale in your area.
About the Author
Chris Harmen is an author for Solarium in Long Island City, a community that focuses on responsible living through green condos for sale in LIC. Solarium's modern spaces are proving to be a hit with condo owners.
Filed under News by on Aug 8th, 2011. Comment. 
Condominiums For Sale – Why Get Condos For Sale and How to Find Great Discount Bargains?
If you are on the lookout for a single loved ones property, hunting via the several condos for sale could be a additional inexpensive and wiser solution for you. Condominiums for sale have several advantages which make them a much better solution than other small but far more high-priced properties and by understanding the proper sources to locate them you can make a safe and satisfactory obtain.
Shopping for a condo for sale:
There are several reasons why you should purchase a condo for sale instead than a single family house.
o Decrease asking rates — In contrast with other attributes, new as very well as foreclosed condominiums come at a lot decrease asking rates that are nearly 50 percent of their existing market place value.
o Larger models — There are a substantial range of condos for sale obtainable in the market which are more spacious with better layout than other apartments becoming made available at the same price.
o Far better amenities — With recreational facilities like pools and tennis courts as nicely as landscaping of the grounds and maintenance of the exterior of the house, condominiums for sale offer significantly better recreational facilities.
o Prime spots — Most condos for sale are situated in very scenic areas like beach condos for sale which is a bargain chance to reside in a top quality region with out shelling out also significantly income.
Acquiring a excellent discount
Outlined under are some great sources via which you can find condos for sale at great bargain offers.
o On the web listings — By logging onto a research motor and typing the words "condominium for sale" along with the spot of your decision you can discover a checklist of attributes to decide on from.
o Authentic estate web sites — Subscribing to a real estate site can be an effective way to locate some very good bargains on condominiums for sale as they will provide you the most up-to-date details and the finest accessible specials as appropriate to your spending budget and requirements.
o Brokers — You can also seek advice from a authentic estate agent who can get you in touch with great bargain offers on condo for sale which includes properties found in desirable spots these kinds of as seaside condos for sale.
o Authorities listings — There are a significant amount of HUD seaside condos for sale all about the region which can also be obtained at a excellent bargain price which you can locate on the net as nicely as by going to the county offices.
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Filed under News by on Jul 21st, 2011. Comment.
The Hoffman Group Announces Construction Milestone For North Myrtle Beach Luxury Condos
Myrtle Beach, SC (Vocus) February 28, 2008
The Hoffman Group, Myrtle BeachÂs Premier Oceanfront Property Specialists, today announced construction top-out of the 18-story Indigo and Jasmine Towers that will be the oceanfront anchor to North Beach Plantation.
Purchasers of the North Myrtle Beach luxury condos were treated to a Gala Weekend February 15-17 to celebrate the construction milestone, meet their new neighbors, and view the property. The Hoffman Group joined in the celebration welcoming nearly 200 buyers and their guests.
When The Hoffman Group began this Myrtle Beach condos for sale program, North Beach Towers promised purchasers the opportunity for exclusive oceanfront living. Gala attendees were able to see that the reality will exceed the promise!
From the stunning architecture featuring an arched entrance joined by bridges at the 13th
-14th levels and also on the 3rd level, to the attention to finishing details like crown molding, developer Winchester North Beach Towers has worked diligently to provide options that will allow North Beach Towers to surpass any other oceanfront resort in the area and perhaps on the East Coast.
Elements such as an unprecedented array of water facilities including a spectacular 2.75 acre water park, a swim-up pool bar, private cabanas and substantial indoor water amenities combine with the natural beauty of the oceanfront 7.5-acre site to reinforce the exclusivity of these luxury condos. Located at the southern end of the city of North Myrtle Beach, SC, the North Beach Towers offer a total of 320 villas in 1, 2, 3, 4, and 5-bedroom single level plans plus a 3-bedroom townhouse option.
All units are oceanfront and feature nine-foot ceilings, double door entry, granite kitchen and bath counter tops, custom cabinets, upgraded appliances, large walk-in closets, sound insulated walls between units, porcelain tiled entry, kitchen and bath, and floor to ceiling glass opening onto massive oceanfront balconies. These North Myrtle Beach luxury condos for sale are sold unfurnished allowing each purchaser to customize their ÂBeach House in the Sky to their own taste.
Construction on the Towers started late 2006. Closings are anticipated in January 2009.
The North Beach Towers will be the first completed phase in the North Beach Plantation planned development that covers more than 60-acres from Hwy 17 to the oceanfront. The exclusive resort community will offer a variety of housing options, world-class spa, fitness and conference center, boutique retail space and exciting dining options and is estimated to have a $ 1 billion economic impact to the North Myrtle Beach area when completed in approximately five years.
About The Hoffman Group
Founded in 1984, The Hoffman Group is the premier real estate marketer of oceanfront Myrtle Beach condos for sale. With billions of dollars in condo sales and a force of some forty oceanfront condo specialists, The Hoffman Group has been instrumental in changing both the physical and the economic landscape of the Myrtle Beach and North Myrtle Beach, SC area. The Hoffman Group provides assistance to those interested in identifying the best oceanfront condos for sale in new or resale condominium purchase opportunities available in the area.
Contact:
Randy Zlobec
The Hoffman Group
1309 Professional Dr., Suite 100
Myrtle Beach, SC 29577
843-692-3308
http://www.oceaninvestments.com
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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Filed under News by on Jun 30th, 2011. Comment.
Condos for Sale in FLorida – Current prices and benefits of ownership
When you think about the Florida real estate market, chances are that you will think about condos for sale in Florida. Condominiums are a natural fit for those of you who are relocating to Florida permanently and those of you who want to buy a vacation home in Florida, for a number of reasons. First, many people look for condos for sale in Florida because they are interested in a more care-free kind of lifestyle. They want to own a residence that will build equity for them, but they don't want to necessarily be responsible for a majority of the upkeep that owners of single family homes face. When you purchase a condo, you will have all lawn care, external painting, roofing, and other maintenance issues taken care of by the condominium association. Each owner in the complex pays a condo association fee that is used to pay for these services. The condo owner is responsible for interior maintenance of their unit, appliances, and other issues that are individual to their interior walls.
Condominiums in Florida are quite affordable, too. In Orlando, the median price of a condominium in August of 2009 was ,900. In Fort Lauderdale, the median price was ,500 and in Jacksonville, the median price was 2,400.
Condos for sale in Florida offer some of the safety and social benefits of an apartment complex, but with the financial benefits of ownership. Depending on where the condo you choose is located, you may find gated access, on site security, recreational facilities, and social activities that are organized by the developer or the condominium association. Or, you could choose a condominium complex in Florida because it is limited in ownership to senior citizens. This way you can meet neighbors who are at a similar stage in their life and who are unlikely to be rowdy party throwers that might disrupt your life.
The latest trends in home sales in Florida show that many home buyers have recognized the benefits of owning a condo. While home sales overall have been increasing over the last year in comparison to where sales were a year ago, the largest increase has been in the purchase of condos for sale in Florida. June, 2009 sales of condos were 39% higher than condo sales in June, 2008. In the same time period, the average price for a home in Florida dropped 28%. So not only are more people buying condominiums and homes than last year, but they are paying less for them. Investors, vacation home seekers, and others have taken notice that the time to buy condos in Florida is now.
Of course, there is one aspect of condominium living that someone who has never lived in a condominium will need to understand. When you buy a condo, you will be required to follow the rules and procedures of the condominium association. This means that in some cases, you may not have as much freedom as you would like to when it comes to what you are able to do in your condo. Common examples include limiting what you can keep on a porch or balcony, or limiting colors you can use on exterior portions of your condo. You also won't necessarily always agree with the way that your condominium association's governing committee chooses to spend your association fees. The good news is that you can always choose to run for a position on the committee that will let you have more influence on the way the condo association is run.
It's the perfect time to buy one of the many condos for sale in Florida!
Maria Norton is the creator of Florida-Retirement.Net, a website designed for those who are considering retiring to Florida or buying second homes there. She is a licensed real estate broker and a 20 year veteran of the Relocation Industry. She provides comprehensive, personalized & free, Florida Relocation Services. To learn more visit http://www.florida-retirement.net.
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Filed under News by on Jun 13th, 2011. Comment.
Positive Signs in Milwaukee Real Estate Market Renew Buyer Interest in Luxury Condos for Sale
Chicago, IL (PRWEB) October 22, 2009
Homeowners and developers in the area are breathing a collective sigh of relief as the Milwaukee real estate market continues to report positive home-sales data, a trend that was supported at a recent event for luxury condos for sale in the city.
According to Metro MLS Inc., Milwaukee County recorded its sixth straight month of rising home sales in September, registering a 6.8 percent increase for September 2009 over September 2008.
Meanwhile, more than 300 guests attended a grand opening event for the recently completed penthouse condos for sale at The Point on the River, a 12-story loft-conversion at the intersection of the Milwaukee and Menomonee Rivers, and a half dozen units were sold or put under contract, according to Chicago-based sales and marketing firm, Garrison Partners, and the developer, Milwaukee-based Mandel Group.
Garry Benson, principal of Garrison Partners, said low interest rates, standing inventory and the soon-to-expire $ 8,000 First-Time Homebuyer Tax Credit are prompting buyers to get into the Milwaukee real estate market. And developers are finding new ways – or revisiting old ones – to attract buyers to their projects.
For Garrison Partners and Mandel Group, that meant hosting a large-scale event complete with a full-service bar, gourmet hors d'oeuvres and pop-up galleries featuring the latest in interior design trends. It was the first such event for Garrison in many months, and Benson noted that it yielded a great return on investment.
"Live events have always been one of the most effective ways to build buzz and generate interest from prospective buyers for new developments such as these condos for sale," said Benson. "There is no substitute for being able to experience the space, touch the finishes and see the views. Seeing a room packed with 300 prospective buyers was a very encouraging sign that buyer confidence is returning. It also sends a message to developers that it's time to get back in the game, to start marketing again."
The penthouse preview event was the second event at The Point on the River this year. In February, the development team hosted a grand opening for the lower floors, which also generated healthy sales activity for Milwaukee real estate, Benson noted.
A turnaround of a distressed asset, The Point on the River is a good example of how event marketing can effectively revitalize and renew interest in a project.
"By reintroducing the property to buyers in stages, we were able to continually build their confidence in the community," said Benson. "As the building's success has continued, buyers who were once on the fence about buying Milwaukee real estate are now taking action."
For more information about The Point on the River, visit http://www.thepointontheriver.com or call (414) 298-1600.
Contact:
Monica Heckman, Taylor Johnson & Olesker
312-267-4525
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Attachments
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Filed under News by on May 19th, 2011. Comment.
The search for the best Miami condos for sale
Miami is today’s most sought-after place to settle in, probably throughout the United States. A city located in the southeastern portion of Florida, it is the largest city of the metropolitan area fitting enough to be having a place you can call your home. Perhaps another reason why there are a lot of people who are on the lookout for Miami condos for sale is the fact that the place is recognized internationally as the center for financial and cultural activities. Miami is indeed a beautiful place to live in being surrounded with beautiful beaches and breathtaking sceneries such that the moment you get the chance on Miami Beach condos for sale, you need to make sure you don’t forgo the once-in-a-lifetime opportunity.
Looking at the ads for Miami condos for sale, you would wonder why we need condos instead of an ordinary house. Although it does not really matter whether you live in a house or in a condo provided that you are in the best place in the world, there are a lot of good reasons why instead of a simple house, a condo is still a good idea to consider.
For one, Miami Beach condos for sale can be less expensive compared to an ordinary house. Most often than not, the moment you have purchased a house, you are left with not enough money anymore to enjoy some added amenities. Buying a condo gives you the chance to have access to these added amenities without having to pay for it anymore like the chance to have a swimming pool nearby, play in some recreation halls, go to the gym and other facilities.
Maintenance wise, Miami Beach condos for sale has also its advantage over a house. With a minimum monthly fee, you do not need to worry if something has been broken or needs to be replaced. Minimal repairs will be done by the developer themselves or will be covered by the building insurance.
Miami Beach condos for sale have considerably increased in the past few years, and the reason for this could be the obvious advantage of living in a condo. When before, Miami condos for sale were mainly patronized by people who are into a high-priced living for the very first time, today even families are equally eager to get their hand in such investment. The peak of condo development has been achieved and most developer makes sure that they are offering Miami condos for sale of high standards.
Living in a condo gives you a magnificent view of Miami every time you wake up in the morning. The beaches nearby, the beautiful parks across the street, and the spectacular lights that glitter during the nights makes an evening walk a relaxing activity and these are the reasons why Miami Beach condos for sale is a hit. Buying from Miami condos for sale may be a big investment, and the benefit you get afterwards is truly rewarding and will not make you regret in the long run.
Live in a condo unit and check out Miami condos for sale to get you the dream condo you want. Choose from among the thousands of Miami Beach condos for sale and surely your life will never be the same again.
Article from articlesbase.com
Filed under News by on Apr 25th, 2011. Comment.
Procure The Best Houston Condos For Sale
Article by Lenore Mcclain
Houston Condos for sale have a great demand among buyers. The condos are highly attractive and more affordable than in other U.S. urban areas. The new generation has a fascination towards the high rise living of Condos. These Condos offer many advantages and are the best alternatives to traditional home living.
The city itself is big and represents a vast and sprawling expanse in the U.S. It is also an economic centre and a metropolitan city. Besides, the housing costs have managed to stay fairly stable as compared to the rest of the country. Houses in Houston cost 39 percent less than the average price of ones at other metropolitan locations in the US. Hence, the demand for Houston Condos for sale has seen a boom in recent years.
Attraction of Condos
A condo offers a unique lifestyle and freedom to the people living there. It presents an opportunity for easier and maintenance- free lifestyle. People enjoy other amenities of these dwelling areas that include pools, saunas, tennis courts, gyms, exercise rooms, valet parking, and much more. The unique features of each building, its perks, personality, and atmosphere cater to all individual needs.
How Do Condos work?
The form of ownership decides whether a building is a condominium or an apartment. In an apartment building, the developers retain ownership and rent individual units to different tenants. However, in a condominium, each unit is sold to a different owner/s. The owners own the airspace confining the boundaries of the home as declared by the local governing authority. The individual owner has the right to make modifications without impacting the common area. The elected Board of Directors represents the homeowners and holds the common property on their behalf. It manages the business and decisions of the building, and also establishes and enforces policies.
Buying a Condo
Many real estate agencies offer online information of all kinds of Houston Condos for sale. The information includes various details of the property with maps, photos, location, built year, area, number of rooms and baths, parking space, and so on. It specifies whether the offer is active or not and mentions the broker dealing with the property. However, the enormous information available on the websites can really confuse a client. A buyer has to first prioritize her requirements and seek professional help to make the right choice.
The real estate professionals guide the purchase of a Condo Houston and save the client's precious time. They provide recommendations and tips on how to save money when buying. Experienced realtors take the buyer on personal building tours and help them to quickly find the best-suited property. They also negotiate the purchase of Houston Condos for sale at the lowest price.
Houston condos for sale emphasize the luxury and ease of living in high rises. They also point at the comfort and peace of mind that a Condo Houston provides to attract traditional homeowners. Spacious and interesting floor plans, décor, and atmosphere are ideal for an entertaining experience. Party rooms or rooftop terraces offer the best opportunities to host family and friends. Consequently, people have developed an inclination towards residential condos and apartments.
About the Author
The information regarding Houston condos for sale available on various real estate websites is massive. And Condos in Houston remain as a safe investment strategy among people.
Filed under News by on Apr 1st, 2011. Comment.
Kitchener Waterloo Apartment Rentals & Condos For Sale
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With the very beautiful weather and the surroundings, it is very enticing to visit or also to have a home in Kitchener Waterloo. Kitchener Waterloo are the cities, where there are lots of opportunities for the people who want to do business and also for the people who want to work. And so, there are many people who want to get home in Kitchener Waterloo for their and their family's stay. For this purpose, many people look out for apartment rentals and condos for sale, which are not just cheap comparatively, but also very comfortable for residing.
Finding Kitchener Waterloo apartment rentals and condos for sale is not a problem at all. You can easily find Kitchener Waterloo apartment rentals and condos for sale online on the website that offers these services. This is the direct way of dealing with the Kitchener Waterloo apartment rentals and condos for sale, such that you will be able to save not just money, but also lot of time from your end. If the same services are hired from the real estate agents, you might end up wasting lot of money and time. And thus, it is very much advantageous to find for Kitchener Waterloo apartment rentals and condos for sale online.
The services and benefits that you can get once you find for Kitchener Waterloo apartment rentals and condos for sale can be seen as below:
With the Kitchener Waterloo apartment rentals and condos for sale online, you can save lot of time as instead of hiring the same services from real estate agents, you can opt these services. The real estate agents, though having many contacts and information about the good homes, they tend to delay your process till the time they can get good commission for themselves. This process is absolutely opposite when it comes to you getting Kitchener Waterloo apartment rentals and condos for sale online yourself.
You can save lot of money by hiring the service of Kitchener Waterloo apartment rentals and condos for sale online as finding homes with this strategy is absolutely for free. You can choose your dream home from the available list yourself directly without paying anything to anybody. Except all these, you also can be rest assured about the fact that the website that offers these services help you to get your dream home at the best possible prices of your budget.
Apart from finding Kitchener Waterloo apartment rentals and condos for sale for yourself, you can also keep your Kitchener Waterloo apartment rentals and condos for sale online for the people who are looking for them. With this service, you will be able to get the best possible price for your property and also the assurance that your property will be handled to the best people. You are the direct seller here, without any interference of any real estate agent and so, you do not have to pay anybody for this service. Listing your Kitchener Waterloo apartment rentals and condos for sale is absolutely for free here.
With all these facilities and the way in which you can keep and get Kitchener Waterloo apartment rentals and condos for sale, you can thus get your dream home for yourself and your family and also the proud that you are the direct seller or the direct purchaser such that you save on lot of time and money from your end.
Get more information about Kitchener Waterloo apartment rentals and condos for sale online now!
Kitchener waterloo Condos for sale to buy condos for sale and Kitchener waterloo real estate.Looking for new Kitchener Waterloo Apartment Rentals or older Apartment Rentals in Kitchener waterloo not a problem at all.
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Filed under News by on Oct 16th, 2010. Comment.
Bangkok condos real attraction of Bangkok
When was the last time you had a delightful stay in Bangkok?
Here is the latest accommodation option for tourists and business visitors in Bangkok that is “Bangkok condos”. Here, we will take a closer look at Bangkok condos, which are one type of real estate investment that you may want to consider making for yourself. Bangkok condos are something which has sprouting increasingly popular among people who are foreign to the country of Thailand. These are the latest Bangkok condos pandered to the middle and upper class of range and are a stupendous investment for the sagacious buyers.
There are many complexes offering you the extra luxuries like swimming pools and shopping malls so as to make your investment fecund. Different sized Bangkok condos are available concerning your comfort and it’s ultimately you who will decide which condo to go for yourself as per your comfort and requirements.
Well it is very tough to buy a land or house in Bangkok moreover many of them choose Bangkok as it is the place which provides you such a wonderful opportunity to invest. Foreigners today buy condos as it is beneficial to them not only when they are in Bangkok but also from investment point of view. Also there is a bountiful estate firm which helps you in renting out your condos when not in use. This will be a support to you financially to pay for the condo while providing someone else a stay when in Bangkok.
Likewise if you don’t wish to live in hotel rooms whenever you are in Bangkok you can always make yourself comfortable in your own condo or a rented one.
Be cognizant and scrutinize rates and features before buying your condo
Before finalizing your own condo always scrutinize the rates and features of various Bangkok condos among the wide range of it. Most preferable way of browsing condos is through Internet where you get to know large number of buyers and sellers.
As the real estate of Bangkok is flourishing and sprouting day by day this is the right time to think about investing. Your land or investment will worth much more in the upcoming years along with the increase in real estate rates as compared today. Bangkok real estate is now attracting the investor as there are so many Thai developers offering the various facilities around the building. So if you are interested in real estate investment then Bangkok Condo is the best option.
Article from articlesbase.com
Filed under News by on Oct 13th, 2010. Comment.
North Miami Beach, FL (PRWEB) August 27, 2010
It is past half-time for 2010 Southeast Florida real estate sales. After a rocky 2009, how did 2010 weather so far, is the million dollar question many are asking. Prices started tumbling since September 2008 – and in certain market segments, housing values are still down significantly, but there is also good news to report as to market research provided by Brosda & Bentley Realtors. Especially for new luxury oceanfront condo developments in Sunny Isles Beach, Miami Beach and downtown Miami in particular, sales are booming and prices in some areas are on the rise.
Jade Beach condo tower, in North Miami Beach was nearly sold out during 2009, despite the dramatic economic downturn in the United States. Jade Beach resales are now strong and closed units are setting new retail sales records. Its sister tower Jade Ocean condos, is an oceanfront, ultra-luxurious glass palace, towering 50 stories above the Atlantic Ocean and reporting more than 60 percent of sold condominium units. The Acqualina Resort & condos, a landmark in Sunny Isles Beach, claim the title of highest retail sales price per square foot in the city. During the summer, two units closed at 4 and 4 per square foot respectively. The elite Turnberry Ocean Colony condos boasts six retail sales, with the highest being at 3 per square foot.
Some of the most expensive Miami penthouses sold thus far in 2010 include the Marquis penthouse in downtown Miami. It sold a few days after LeBron James announced his engagement with the Miami Heat. Entrepreneur Russell Wright closed on the 67-story Marquis luxury residential condo, with reportedly the highest terrace and hot tub in Miami. Dwayne Wade of the Miami Heat sold his house in Davie and is now apparently looking for a trophy property in Miami, as is Chris Bosh of the trio. Russell Wright is quoted as saying that the economic force of the three basketball superstars playing in Miami "Is going to have an impact, I probably already made money on the condo."
In June, the 'Imperial Suite' or Penthouse Villa B sold at the über-luxurious Setai Resort & Residences in Miami Beach for a record breaking million or ,416 per square foot.
Downtown Miami condo sales were up 110 percent with 1,933 units sold in the first 6 months of 2010. Great downtown Miami condos that sell due to drastic price reductions include Met I, Epic and Icon Brickell, which sold 49 units, including at least one with a 0,000 over-the-odds premium, after LeBron James announced his switch to the Miami Heat. The average sales price of a downtown Miami condo in the first two quarters of 2010 was reportedly 6,100 or about 16 percent higher than in 2009.
In March, April and May of 2010, 135 condos sold in Miami-Dade County priced million and above, nearly double the number compared to the same time period in 2009. At the beginning of the summer, impressive sales at One Bal Harbour for .7 million, at the Fontainebleau for million and Santa Maria Brickell for million kept Miami luxury real estate brokers abuzz.
A highly anticipated new oceanfront condo development is the St. Regis Resort and condo residences in Bal Harbour, destined to open in 2011. The three glass towers replaced the famous Sheraton in front of the gated entrance to the renowned Bal Harbour Shops. Over million in sales were reported in the first half of 2010.
Brosda & Bentley Realtors features more than 50,000 residential and commercial Southeast Florida property listings on its website BrosdaandBentley.com. The company provides free usage of the database to registered users. Consumers may also opt to receive automatic updates on new listings, pre-foreclosure and short sale properties. Katerina Brosda, Broker and CEO of the company sold the 10 Museum Park penthouse in downtown Miami with its very own rooftop pool. "Most of our clients during 2009 and 2010 were cash buyers, not investing into Miami real estate per se, but actually pursuing to live in the homes they bought. Yes, these may still be third or fourth trophy properties, this goes especially for condos, but our clients invested heavily in upgrades, eclectic designs, electronic SMART Home features, custom fittings and furniture," Katerina Brosda stated. Brosda & Bentley also provides a one stop, turnkey, white-glove home furnishings and design conceptualization service to its clients.
"Miami Condo sales above the million mark will continue to outpace single-family home sales in the same price category for the rest of 2010 and into 2011. Condominium living is the new lifestyle choice of the wealthy," said Katerina Brosda.
Brosda & Bentley Realtors projects luxury Miami condominium sales to remain strong. The average sales price for residential properties that sold in Miami-Dade County increased by 8.3 percent in July. Inventory levels have dropped 11.4 percent compared to July 2009. Condominium listings have dropped 11 percent and the average days a property stays on the market decreased 10.3 percent for single-family homes and 11.9 percent for condominiums or 100 and 114 days respectively.
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Filed under News by on Oct 13th, 2010. Comment.
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