Katerina Brosda

Luxury condos in Miami Beach

The characteristics that define luxury in the Miami real estate market differ, however, location largely defines a property's value, especially with respect to whether it offers views, like ocean views or amenities such as a pool, sauna, Jacuzzi, steam room, Pilates room, state-of-the-art gym, proximity to golf courses, good school districts and perhaps even propinquity to emerging downtown Miami.

Further, luxury real estate in Miami also takes into account the presence of surrounding homes, buildings, amenities, views, waterfronts, absence of crime-rate, industrialization or unwanted commercialization, customizations of the home or condo, and historical or architectural and design significance.

Some of the most luxurious homes and condos in Miami can be found in a city incorporated in 1915: Miami Beach has been one of America's pre-eminent beach resorts for almost a century.

Mediterranean, Streamline Moderne, ultra-luxurious steel and glass high-rises and Art Deco structures are all represented in Miami Beach.

South Beach, aka SoBe, or simply The Beach the area referred to from 1st street to about 25th street, is one of the more popular areas of Miami Beach. Topless sunbathing is tolerated on certain designated areas of the beach, restaurants, clubs and bars flank the Atlantic Ocean and some of the most luxurious hotels can be found on this exclusive 18 square miles stretch of paradise. Tourists from all over the world flock into town all year round. Today, South Beach is considered one of the richest commercial areas on Miami Beach.

Two dominating forces and Miami residents have emerged as the ultimate authority on Miami and Miami Beach luxury real estate. Renowed Katerina Brosda has specialized in Miami and in particular Miami Beach luxurious real estate and are leading the way to catering to an upscale clientele with a discerning taste and the desire to simply work with the most knowledgeable and experienced consultants.

Simply the best real estate team in Miami - Miguel Peralta & Marco Peralta are exclusive agents for Brosda & Bentley^TM an international boutique real estate company headquartered in Miami.

Katerina Brosda (305) 788-9393

Sunny Isles Beach Real Estate News

Miami-Dade Pending Real Estate Sales Increase 33% in Five Months

Sunny Isles Beach Real Estate News: Pending home sales increased nearly 5.2% in just one month, from 7,197 in July 2009 to 7,570 in August 2009 in Miami-Dade County as more buyers continue to take advantage of improved affordability conditions and the first-time home buyer tax credit according to the Realtor Association of Greater Miami and the Beaches (RAMB) and Southeast Florida Multiple Listing Service. All of the latest data continues support the local market recovery.

Pending sales of single-family homes rose 3.4% in August 2009 from the previous month, from 3,599 to 3,722. Pending sales of condominiums in Miami-Dade County rose 6.9% from 3,598 to 3,848.

In the last five months in Miami-Dade, pending sales of single-family homes rose 26.6%, while pending sales of condominiums increased 40.5%. The total number of pending sales increased 33.3% from March 2009 to August 2009. "The number of pending sales and closed sales has increased dramatically over the last year," said Rick Burch, RAMB Chairman of the Board. "Local, national, and international buyers have seized the opportunities our market offers."

In Broward County pending home sales increased 7.4%, from 6,242 in July 2009 to 6,705 in August 2009. Pending sales of single-family homes rose 4.8% in August 2009 from the previous month, from 3,141 to 3,291. Pending sales of condos in Broward County rose 10.1% from 3,101 to 3,414.

In the last five months in Broward, pending sales of single-family homes rose 30.1%, while pending sales of condominiums increased 48.8%. The total number of pending sales in increased 39% from March 2009 to August 2009.

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Sunny Isles Beach - Florida Home Sales up 37% with 15, 8882 Homes sold in July Alone

SUNNY ISLES BEACH, Fla., Aug. 27, 2009 - Florida's existing home sales rose in July - the 11th month in a row that sales activity increased in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors® (FAR). Statewide existing home sales in July also rose over the previous month's sales level.

Existing home sales rose 37 percent last month with a total of 15,882 homes sold statewide compared to 11,595 homes sold in July 2008, according to FAR. Statewide existing home sales in July increased 0.2 percent over June's statewide activity. Florida Realtors also reported a 48 percent rise in statewide sales of existing condos in July.

Eighteen of Florida's metropolitan statistical areas (MSAs) reported increased existing home sales in July; the same number of MSAs also showed gains in condo sales. A majority of the state's MSAs have reported increased sales for more than a year (13 consecutive months).

To gain insight into current trends in Florida's real estate industry, the University of Florida's Bergstrom Center for Real Estate Studies conducts a quarterly survey of industry executives, market research economists, real estate scholars and other experts. According to the recent second quarter 2009 survey, investor confidence in the outlook for business and availability of money are reasons for cautious optimism.

"I think we're on the road to recovery and even though most markets report they've seen the bottom, it's going to be a long climb," said Timothy Becker, the center's director. He noted that the investment outlook for single-family development increased to its highest level since the survey began, with more respondents than ever believing it is a good time to buy.

Florida's median sales price for existing homes last month was $147,600; a year ago, it was $193,800 for a 24 percent decrease. According to housing industry analysts with the National Association of Realtors® (NAR), 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 June 2009 was $181,600, down 15 percent from a year earlier, according to NAR. In Massachusetts, the statewide median resales price was $306,000 in June; in California, it was $274,740; in Maryland, it was $274,008; and in New York, it was $189,900.

Several positive market factors are influencing the housing sector, notes NAR's latest industry outlook. "Historically low mortgage interest rates, affordable home prices and a large selection are encouraging buyers who've been on the sidelines," said NAR Chief Economist Lawrence Yun. "Activity has been consistently much stronger for lower priced homes. We expect a gradual uptrend in sales to continue due to tax credit incentives and historically high affordability conditions."

In Florida's year-to-year comparison for condos, 5,035 units sold statewide compared to 3,396 units in July 2008 for a 48 percent increase. The statewide existing condo median sales price last month was $108,300; in July 2008 it was $168,700 for a 36 percent decrease. The national median existing condo price was $183,300 in June 2009, according to NAR.

Interest rates for a 30-year fixed-rate mortgage averaged 5.22 percent last month, down significantly from the average rate of 6.43 percent in July 2008, according to Freddie Mac. FAR's sales figures reflect closings, which typically occur 30 to 90 days after sales contracts are written.

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Winston Towers Condos Listings in Sunny Isles Beach Brosda & Bentley Realtors^TM (786) 406-1757

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Where are the Winston Towers SIB located?

Sunny Isles Beach is a city located on a barrier island in northeast Miami-Dade County, Florida, United States. The City is bounded by the Atlantic Ocean on the east and the Intracoastal Waterway on the west. The population was 15,315 at the 2000 census. As of 2004, the population recorded by the U.S. Census Bureau is 15,399.

Sunny Isles Beach is a major center of cultural diversity, with a plethora of diverse stores lining Collins Avenue, the main thoroughfare through the city. The city is sometimes referred to as Little Moscow because of its many Russian and Russian-descended (Russian American) residents, many of whom are Russian Jews.

It is a booming resort area and developers such as Donald Trump have invested heavily in construction of high-rise hotels and condominiums. It is home to many exclusive hotels and condominiums.It is located under the town of Golden Beach, also known as "Millionaire Row". Sunny Isles Beach is a central location, only minutes from the ultra-luxury Bal Harbour and Bal Harbour Shops and to the south, Collins Avenue takes you all the way down to the nightlife on Miami Beach (South Beach).

Sunny Isles Beach was also the 2008 site of MTV's annual "Spring Break" celebration, with headquarters at the local Newport Beachside Resort.

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Miami Beach - 2Q Home sales up 23% condo sales up 29%

Aug. 13, 2009 - Sales of existing single-family homes in Florida rose 23 percent in second quarter 2009 compared to the same period a year earlier, according to the latest housing statistics from the Florida Association of Realtors® (FAR). A total of 43,125 existing homes sold statewide in 2Q 2009; during the same period the year before, a total of 35,008 existing homes sold. It marks the fourth consecutive quarter that Florida has seen higher existing year-to-year home sales, according to FAR.

Sales of existing condominiums statewide in the second quarter rose 29 percent compared to the same time the previous year. This marks the third consecutive quarter for increased statewide sales in both the existing home and condo markets compared to year-ago levels.

Statewide sales activity in 2Q 2009 also increased over 1Q 2009's sales figure in both the existing home and existing condo markets, FAR records show. For 2Q 2009, statewide sales of existing homes rose 37.2 percent over the 1Q 2009 figure; existing condo sales statewide in 2Q 2009 increased 45.3 percent over the 1Q 2009 level.

"In spite of the challenges with the economy, most people - 83 percent - still believe that buying a home is a good financial decision, according to a recent survey from the National Association of Realtors® (NAR)," says 2009 FAR President Cynthia Shelton, CCIM, CRE, a broker and director of investment sales with Colliers Arnold in Orlando. (CCIM stands for Certified Commercial Investment Member and CRE is the Counselor of Real Estate designation). "Many homebuyers are realizing that this is the time to buy - with a good selection of housing inventory, affordable pricing and low mortgage rates.

"In fact, three-fourths of those responding to the 2009 National Housing Pulse Survey said they think now is a good time to purchase a home, a number that has increased steadily the past two years," she says. "However, providing solid financing options for homebuyers is key to returning stability to the housing market, and buyers also need programs that help with downpayment and closing costs. That's why the federal $8,000 first-time homebuyer tax credit and other programs enabling eligible buyers to access that tax credit for downpayment or closing costs are so important - programs like the Florida Homebuyer Opportunity Program."

Sixteen of Florida's metropolitan statistical areas (MSAs) reported increased sales of existing homes in the second quarter compared to the same three-month-period a year earlier, while 12 MSAs showed gains in condo sales.

The statewide existing-home median sales price was $143,600 in the second quarter; a year earlier, it was $203,200 for a decrease of 29 percent. The 2Q 2009 statewide existing-home median sales price was 1.8 percent higher than 1Q's statewide existing-home median sales price of $141,000. According to industry analysts with the National Association of Realtors® (NAR), 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 a typical market price where half the homes sold for more, half for less.

In the year-to-year quarterly comparison for condo sales, 14,742 units sold statewide for the quarter compared to 11,459 in 2Q 2008 for a 29 percent increase. The statewide existing-condo median sales price was $111,100 for the three-month period; in 2Q 2008, it was $179,800 for a decrease of 38 percent. The 2Q 2009 statewide existing-condo median sales price was almost 1 percent higher 1Q's statewide existing-condo median sales price of $110,100.

Continuing low mortgage rates remain another favorable influence on the housing sector. According to Freddie Mac, the national commitment rate for a 30-year conventional fixed-rate mortgage averaged 5.03 percent in 2Q 2009; one year earlier, it averaged 6.09 percent.

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