Although the housing market in US is still on the decline, for many who can afford a second luxury home it is time to buy.

The ones who can afford buy new luxury oceanfront condos like One Bal Harbour, Jade Beach, Jade Ocean, Turnberry Ocean Colony.

Despite a declining housing market statewide, 183 of new condominiums in One Bal Harbour were listed from $1,2 million to $11 million were all sold within two years although the sales were down 26% in 2007. Michael Patrizio, a vice president and senior project manager for One Bal Harbour, says the combination of international buyers and great location has kept One Bal Harbour afloat.

According to Forbes Magazine’s article spots like Aventura, Sunny Isles Beach, Bal Harbour and South Beach are becoming America’s Top Second-Home Spots,
and with just 3,500 residents, the village of Bal Harbour is well known for luxury, including a shopping strip rivaling Fifth Avenue and Rodeo Drive, with stores like Chanel and Chloé, Hermès and Harry Winston. Also attractive to One Bal Harbour residents: the adjacent Regent resort’s Guerlain spa, an in-home chef service and views of Biscayne Bay.

One Bal Harbour success is not unique. With declining dollar there is ever increasing interest amoung Europeans, South Americans and Eastern European community to snach a peace of American dream while it’s still on sale.

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