By Sunny Isles Real Estate Expert on March 18th, 2011
Too many home sellers are worried that 2008 never ended. In the intervening 2 years, the Florida real estate market has improved. A reduction of foreclosures on the market combined with a strengthening economy has caused home prices to rise. In Miami Beach, sometimes called The Venice Of America, the market is heating up and luxury properties are on the move again.
is well-known for its stylish, luxury waterfront homes. Many of them have a distinctly tropical feel that celebrates the beautiful Florida climate. While the market everywhere was tough for a while, the market in luxury areas such as these has been improving recently. There are some techniques a good realtor can help you to use to sell your home in this area, if it’s time for a change.
Most homes in Miami Beach
remain on the market between 6 to 8 months, according to MLS data. This is not an extended time, by any means, for a home to be available on the market. In fact, it shows how rapidly a buyer can be found for a well-priced home in this market.
In the last few quarters, the prices for Miami Beach luxury waterfront homes have been going up. Combined with a realistic price for your home, this means that a realtor may be able to unload your house much more quickly than you think, and at a far better price than you may have been hoping for. It’s very realistic to get a premium price for your luxury Miami Beach home, the demographic who buys them isn’t known for being bargain shoppers.
There is plenty of appeal for a good home in Miami Beach area. While the area is known for being affluent, there are homes that aren’t necessarily up to the standards of luxury that the target demographic sometimes expects. Some are sold based on being waterfront properties, with most of their value coming from that fact. A good property on Miami Beach at a sensible price is a very attractive commodity.
In the last year, this area has been particularly good for homes at around $1,000,000. This makes it ideal for those who want something that bespeaks luxury but who don’t want to overbuy. If you have Miami Beach real estate in this price range, be aware that a realtor will be working with a very interested market and that a sale may be very rapid.
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