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AAA Brickell Condos 4 under $350,000 in dowtown Miami (786) 407-1757

AAA Brickell Condos 4 under $350,000 in dowtown Miami (786) 407-1757

Miami metropolitan area, is the seventh-largest metro area in the United States with over 5.4 million residents. Miami is recognized as a global city because of its importance in finance, commerce, media, entertainment, arts and international trade. The city is home to many company headquarters, banks, and television studios. It is an international center for popular entertainment in television, music, fashion, film, and the performing arts. The city's Port of Miami is known for accommodating the largest volume of cruise ships in the world. Miami is also home to the largest concentration of international banks in the United States.

Miami Broker on TwitterSince 2001, Miami has been undergoing a large building boom with more than 50 skyscrapers rising over 400 feet (122 m) built or currently under construction in the city. Miami's skyline is ranked third most impressive in the U.S., behind New York City and Chicago, and 18th in the world according to the Almanac of Architecture and Design. Its growth has made it the ninth tallest skyline in the United States and 25th tallest in the world. The city currently has the eight tallest (as well as thirteen of the fourteen tallest) skyscrapers in the state of Florida, with the tallest being the 789-foot (240 m) Four Seasons Hotel & Tower.

In 2008, Miami was ranked as "America's Cleanest City" according to Forbes Magazine for its year-round good air quality, vast green spaces, clean drinking water, clean streets and city-wide recycling programs. In 2008, Miami was also ranked the 3rd-richest city in the United States and the world's 22nd-richest city in a UBS study.

Downtown Miami Condos for under $350,000 by Brosda & Bentley RealtorsTM the Premier Miami Real Estate Authority (786) 406-1757

Miami Real Estate News: Florida’s Existing Condo Sales Up 77% in September 2009

Miami Real Estate News: Florida's Existing Condo Sales Up 77% in September 2009

Florida's existing home sales rose in September, which marks more than a year (13 months) that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida Realtors®. September's statewide sales also increased over sales activity in August in both the existing home and existing condominium markets.

Existing home sales rose 34 percent last month with a total of 14,419 homes sold statewide compared to 10,778 homes sold in September 2008, according to Florida Realtors. Statewide existing home sales last month increased 4.1 percent over statewide sales activity in August.

Florida Realtors also reported a 77 percent increase in statewide sales of existing condos in September compared to the previous year's sales figure; statewide existing condo sales last month rose 8.9 percent over the total units sold in August.

All of Florida's metropolitan statistical areas (MSAs) reported increased existing home sales in September; all but one MSA also showed gains in condo sales. A majority of the state's MSAs have reported increased sales for 15 consecutive months. Jade Ocean Condo in Sunny Isles Beach

Florida's median sales price for existing homes last month was $142,000; a year ago, it was $174,900 for a 19 percent decrease. Housing industry analysts with the National Association of Realtors® (NAR) note that sales of foreclosures and other distressed properties continue to downwardly distort the median price because they generally sell at a discount relative to traditional homes. The median is the midpoint; half the homes sold for more, half for less.

The national median sales price for existing single-family homes in August 2009 was $177,500, down 12.1 percent from a year earlier, according to NAR. In Massachusetts, the statewide median resales price was $315,000 in August; in California, it was $292,960; in Maryland, it was $265,862; and in New York, it was $205,000.

NAR's latest industry outlook notes positive signs in the housing sector, but adds that extension of the federal first-time homebuyer tax credit would help sustain a fragile recovery."Now that the market is showing some momentum, we have an opportunity to achieve a more rapid and broader stabilization in home prices," said NAR Chief Economist Lawrence Yun. The outlook for home sales and prices depends on whether the tax credit is extended, he said, describing it as "the best tool in our arsenal to encourage financially qualified buyers to stimulate the economy and help reduce the budget deficit."

In Florida's year-to-year comparison for condos, 5,088 units sold statewide last month compared to 2,870 units in September 2008 for a 77 percent increase. The statewide existing condo median sales price last month was $102,500; in September 2008 it was $153,500 for a 33 percent decrease. The national median existing condo price was $179,300 in August 2009, according to NAR.

Interestrates for a 30-year fixed-rate mortgage averaged 5.06 percent last month, a significant drop from the average rate of 6.04 percent in September 2008, according to Freddie Mac. FAR's sales figures reflect closings, which typically occur 30 to 90 days after sales contracts are written.

Among the state's smaller markets, the Pensacola MSA reported a total of 275 homes sold in September compared to 267 homes a year earlier for a 3 percent increase. The market's existing home median sales price last month was $135,000; a year ago it was $146,900 for an 8 percent decrease. A total of 48 condos sold in the MSA in September, up 41 percent over the 34 units sold in September 2008. The existing condo median price last month was $190,000; a year earlier, it was $180,000 for a 6 percent gain.

Contact: (786) 406-1757

Jade Ocean Pool Deck in Sunny Isles Beach

AAA La Perla Condo Listings in Sunny Isles Beach (786) 406-1757

AAA La Perla Condo Listings in Sunny Isles Beach (786) 406-1757 by Sunny Isles Beach BrokerTM (786) 406-1757

Florida, South Florida Top Areas for International Buyers


For the fourth consecutive year, Florida is by far the top state in the U.S. for international real estate buyers, according to the just-released 2009 National Association of Realtors®
(NAR) Profile of International Home Buying Activity. The Miami-Fort Lauderdale-Miami Beach area was the most frequently reported location of a home purchased by a foreign buyer in Florida, according the Profile of International Home Buyers in Florida.

Miami and South Florida is the Top Destination for International Buyers


More than one in four foreign buyers (27%) purchased a home in the Miami/Ft. Lauderdale area, followed by 11% who purchased a home in the Orlando and Sarasota areas. Tampa, Fort Myers and Naples rounded out the top six accounting for approximately 5 percent of purchases by foreign buyers.

La Perla Condos Sunny Isles Beach is a favorite of Canadian buyers, who are now flocking to the State again to escape chilling temperatures up north. Hot La Perla listings by Sunny Isles Beach BrokerTM the Premier Miami Real Estate Authority (786) 406-1757

La Perla Condo

Brosda & Bentley Realtors

ICON, Marina Blue & Epic Downtown Miami Condos (786) 406-1757

Downtown Miami Condos by Brosda & Bentley RealtorsTM the Premier Miami Real Estate Authority (786) 406-1757 ICON, Marina Blue & Epic

Miami metropolitan area, is the seventh-largest metro area in the United States with over 5.4 million residents. Miami is recognized as a global city because of its importance in finance, commerce, media, entertainment, arts and international trade. The city is home to many company headquarters, banks, and television studios. It is an international center for popular entertainment in television, music, fashion, film, and the performing arts. The city's Port of Miami is known for accommodating the largest volume of cruise ships in the world. Miami is also home to the largest concentration of international banks in the United States.

Since 2001, Miami has been undergoing a large building boom with more than 50 skyscrapers rising over 400 feet (122 m) built or currently under construction in the city. Miami's skyline is ranked third most impressive in the U.S., behind New York City and Chicago, and 18th in the world according to the Almanac of Architecture and Design. Its growth has made it the ninth tallest skyline in the United States and 25th tallest in the world. The city currently has the eight tallest (as well as thirteen of the fourteen tallest) skyscrapers in the state of Florida, with the tallest being the 789-foot (240 m) Four Seasons Hotel & Tower.

In 2008, Miami was ranked as "America's Cleanest City" according to Forbes Magazine for its year-round good air quality, vast green spaces, clean drinking water, clean streets and city-wide recycling programs. In 2008, Miami was also ranked the 3rd-richest city in the United States and the world's 22nd-richest city in a UBS study.

Check out these new downtown towers: ICON, Marina Blue & Epic

Brosda & Bentley Realtors®

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Miami, Florida

(786) 406-1757