There is no doubt that the state of the economy has had an effect on home prices all over the country, and the condominium units in Jade Ocean Sunny Isles were certainly victim to this development. For about a year or two, even this most prestigious address experienced few sales, but this trend is changing. It’s true that the recession is slowly coming to an end, with particular areas of the country experiencing better market conditions than others. Miami real estate has been and always will be a coveted address, and that fact is all too clear with the recent sales records for Jade Ocean.

Living in Luxury Ocean Front Condo in Sunny Isles

One of the reasons these condos are so coveted is the sheer luxury that residents can experience. Living here is like living in a resort, with amazing residences, fun and helpful amenities, and some pretty amazing views of the ocean from almost every vantage point. Inside the units, those who live here can enjoy designer touches, upgraded lighting, gourmet kitchens, and bathrooms with a spa-like atmosphere. To top everything off, there are picture windows and terraces that bring the beauty of the ocean into the home. It’s paradise, and it’s still more affordable than it was five years ago. With the current purchases taking place, it’s clear to see that this buyers’ market will come to a close soon, and that means prices are already starting to creep back up.

As of December of 2011 Jade Ocean Condos Are Completely Sold Out!

Jade Ocean Miami experienced a jump in sales throughout 2011 with help from Brazilian and South American buyers. However, there are quite few resale units currently available. Of the ten units that were sold, the least expensive unit sold at $820,000. It’s not unusual to see these units command prices over $1,000,000, with some of the most luxurious calling for more than $4,000,000. As you might imagine, there is a great deal of prestige associated with the purchase of one of these condominium residences, with amenities you’ll love. Your purchase will gain you access to swimming pools, a private beach, service and security from a well-trained staff, and a living space that will pamper you beyond your wildest dreams.

It’s not too late at all to take advantage of the buyers’ market that still exists. We have the number one selling team in Miami! Our trained and qualified real estate agents would be more than happy to show you the differences in prices over the last few years so that you can see how times are certainly changing. With the higher prices looming in the near future, you may decide that right now is the time to buy. We’ll help you find that perfect condominium unit, negotiate the price, walk you through the policies associated with living in a condominium, and carry you right to the closing table.

Your Purchase Is an Investment In The Future

By purchasing now, you’ll avoid the eventual higher prices, which will give you something of an investment to keep. There is no question that prices will continue to rise, and that means you’ll be in possession of a very lucrative asset when you purchase a residence in Jade Ocean. Let us help you make that dream a reality.

Check out sister property Jade Beach to find good deals for oceanfront condos in Sunny Isles Beach.

Being a broker of Sunny Realty and providing one of the most used resource for Miami real estate (http://www.sunnyislesmiamirealestate.com/) I’m often asked: “how’s (Miami) real estate these day?”. Unfortunately I can’t just answer this question simply – “good” or “great” or “better”. When I start to explain that Miami basically has the best and worst real estate in the country, people think I’ve gone nuts and trying to sell them a story. However, here is The New York Post recent article By ANDY WANG.

Summer was hardly a vacation for those in the business of selling Miami condos.

“I didnt go to St. Tropez because of this”, says developer Gil Dezer, whose Sunny Isles Beach condo projects include the 384-unit Trump Royale and the three-building, 813-unit Trump Towers.
Dezer reports that he sold more than $100 million in Trump units during June, July and August ($50 million alone in August, including a $29 million, 34-unit bulk deal). He has closed more than $1 billion in Trump condos overall and has only about 75 units left.

Recent Trump Towers Condos sales

have been priced at about $525 per square foot. Thats significantly less than the $1,000-per-square-foot contracts buyers walked away from in 2009 after the financial crisis hit, but Dezer, whos paid off the construction loans for all four buildings, seems satisfied. (Donald Trump participated in a ceremonial Trump Royale condo mortgage-burning ritual, lighting the document on fire himself, in January.) The downturn made the job challenging, Dezer says. Every day was a battle. But when youre winning, its fun.

Winning could also be used to describe the situation at Icon Brickell. That nearly 1,800-unit downtown colossus, built by the Related Group with designs by Philippe Starck, seemed to be in peril not long ago, and two of its three towers were deeded back to its lenders in May 2010. But Icon Brickell Condos now nearly sold out, with more than 1,500 units closing for a total of more than $700 million. When you factor in units in contract, only about 30 condos remain.

I think the market has consumed the inventory in a much more rapid way than I and probably everybody thought, says Related Group chairman and CEO Jorge Perez, who adds that most buyers have been foreign. The Latin American economy has been strong.

The forecast was that we would sell all the units in three years at an average price of $350 per square foot, says Edgardo Defortuna, president of Fortune International Realty, which started selling Icon Brickell apartments in June 2010.

Less than a year and half later, Fortune is almost done and seeing prices at about $400 per square foot.

Demand has been so strong that Perez is now building another downtown development. The 192-unit MyBrickell is a couple years away from completion, but Relateds received over 60 reservations for condos before officially launching sales. Unlike Icon Brickell, MyBrickell isnt on the water, and Perez is passing on the cheaper construction costs and the deal we got on the land to offer units, with interiors by Karim Rashid, for about $300 per square foot.

Defortuna, meanwhile, is now selling downtowns Paramount Bay, a 346-unit building resurrected out of foreclosure by owners iStar Residential and ST Residential. Musician Lenny Kravitzs Kravitz Design firm is working on the building, where prices are about $400 per square foot.

South Beach real estate

with significantly pricier properties, is seeing lots of action, too. The summer was uncharacteristically busy, says Lana Bell, president of Sunny Realty, which has an office in South Beach and Sunny Isles Beach. We certainly didnt take a vacation.

According to Sunny Realty latest Miami market report, South Beach condos sold for an average of $515 per square foot during the third quarter. But this factors in distressed properties, including units bought out of foreclosure.

At the markets top end, the W South Beach Hotel & Residences has closed about $260 million in condos at an average of $1,700-plus per square foot, developer David Edelstein says. The W South Beach sold more than $50 million during the summer. One penthouse went for $7.7 million, north of $3,000 per square foot, Edelstein says.

As with much of Miami, foreign buyers have been key at the W. (Douglas Elliman translated its market report into Spanish and Portuguese to spur international interest.) From May through September, about 65 percent of Edelsteins purchasers were foreign, and about half of those were from Brazil.

The allure of the W has helped nearby condo buildings lure in buyers, including those from New York.

Fashion designer Irina Shabayeva, who won season six of Project Runway, owns a one-bedroom with a balcony at the 52-unit Boulan South Beach development just south of the W, but on the other side of Collins Avenue.

I like the Boulan because it was so new, really fresh and modern, says Shabayeva, who primarily lives in the East Village. And its across the street from the beach and the W.

Shabayeva says she enjoys the New Yorker-friendly amenities at the W, which include a Warren Tricomi salon and a Mr. Chow restaurant. And Edelstein says that the Dutch, an outpost of Andrew Carmellinis SoHo restaurant, will open in the W by Thanksgiving.

Boulan, which has sold 22 condos and has one-bedrooms on the market for upward of $600 per square foot, is busy filling its own retail spaces, as well. An art gallery should open in time for Decembers Art Basel festival. A Mexican/Asian fusion restaurant and a nightclub are also in the works.

Neighborhoods all over Miami are getting big residential and retail makeovers. The 56-acre Midtown Miami developments second phase, which will start next year, will include a boutique hotel, a movie theater and 100,000 square feet of retail.

Well definitely have a fashion component, says developer Jack Cayre.

And the nearby Design District is getting a Louis Vuitton store.

There was probably a point in time here someone said, Whats Chelsea? or Whats Meatpacking? and eventually, they became a place because New York was ready to have another place, says Greg Masin, senior director at commercial real estate firm Cushman & Wakefield. When we look at the Design District and at Midtown, what we see is the evolution of the next place in Miami.

Plus, the downtown Metropolitan Miami developments third phase will include rental apartments and a Whole Foods Market. Plans for downtowns eight-block Miami Worldcenter site include residences, restaurants and retailers. And the Genting Group, an Asian casino operator, has unveiled plans for its $3.8 billion Resorts World Miami mixed-use complex. But the scope of the latter two projects will depend on approval for casino gaming, something thats the object of much speculation and uncertainty all over Miami.

Dezer says he has been talking to major Las Vegas casino operators about land he owns in Sunny Isles (13/ acres on the beach and 6/ acres directly across the street that hits the intracoastal waterway) that could accommodate a gaming resort with more than 2,000 rooms and 3 million square feet.

They’re both good real estate, Masin says of the Genting and Dezer sites. If they both had a casino, theyd both be successful.

Whatever happens, Dezer has options.

We originally bought [the land] to build condos, he says. We could build five condo buildings.

That idea would have seemed ridiculous in 2009, but now its more plausible.

Defortuna has sold out the 256-unit Jade Beach condo building in Sunny Isles Beach and has just three apartments left (for about $700 per square foot) at its 252-unit Jade Ocean sister property.

In terms of quality inventory, oceanfront, he says, you can make a strong argument that you need to start building now.

Originally published by ANDY WANG.

(c) 2011 The New York Post. Provided by ProQuest LLC. All rights Reserved.

The last recorded sale in Jade Ocean Sunny Isles Beach

was for a penthouse unit 4403. The Jade Ocean Penthouse was sold for $3,250,000 in just 33 days! At 3,187 square foot, the price per foot came out to $1,019, a new record for Sunny Isles Beach luxury condos. This property, as well as most other luxury properties in Miami was purchased by a foreigner.

An identical penthouse in Jade Ocean, unit 4406 is still available for sale. It is 3 bedrooms, 3 bath, 3,187 square feet duplex with the private foyer and private fingerprint-activated elevator entrance. Completely finished with most beautiful 36×36 white marble and many custom upgrades. Call for more information – 1.954.336.1016.

The combination of a weak dollar and low interest rates have created a momentum in the Miami real estate market. As a result, the inventory went down over 60% in just 2011. The market has been heating up and the prices have gone up despite the remaining weak economy in US.

If you prefer you can read the article on Wall Street Journal site (the link is below) or here is the full article:

http://online.wsj.com/article/SB10001424052748703730804576317150261940990.html

This spring, Russian billionaire Yuri Milner paid $100 million for a French chateau-style mansion in Silicon Valley, setting a record for the highest price ever paid for a single-family home in the U.S. In January, Ukraine’s Rinat Akhmetov closed on two of London’s most expensive apartments ever for a combined $222.5 million. In Paris, a Gulf princess spent $96.9 million last year for a mansion with an inner courtyard, garden and private chapel on the Left Bank.

Some of the biggest residential real-estate buyers in many cities are emerging from halfway around the globe. In London, one report finds that 65% of buyers in the Miami luxury residences hail from abroad. According to the Miami Association of Realtors, nearly 60% of all sales last year throughout the city were to buyers from foreign countries. About half of the buyers in one new luxury condominium on Manhattan’s Fifth Avenue are from overseas.

While foreign purchasers make up about 7% of the U.S. residential real-estate market, their numbers have swelled: According to the National Association of Realtors, 18% of Realtors in the U.S. market reported selling a home to at least one international buyer in 2010, up from 12% in 2009.

The makeup of these buyers is changing, reflecting changes in the global economic scene. Buyers from Russia have returned, and the numbers are growing from Brazil, where the economy grew 7.5% last year. Australians are buying ski homes in Aspen. In Tampa, Fla., Venezuelan buyers are buying heavily discounted beach condos.

One of the biggest factors in many areas is the emergence of the Chinese. As housing costs on China’s mainland skyrocket—raising concerns of a property bubble there—monied buyers are heading abroad, moving into markets that look, in comparison, like a bargain.

In Orange County, California Chinese buyers now account for more than half of his showings in tony Newport Coast, up from a very small handful two or three years ago. Many Chinese buyers seek brand-new homes with more than 10,000 square feet to use either for vacations or as a place for their children to live when they attend college.

Amy Williamson, the vice president of sales for Prodigy Network, which markets condo buildings like Trump Soho Hotel Condominium in New York, visited Shanghai last month, meeting with local brokers and potential buyers there. Beverly Hills-based broker Joyce Rey traveled to Beijing in October, arranging a reception at an art gallery where photographs of homes priced between $10 million and $125 million were displayed around the room like artwork. Tim Swannie, the Valbonne, France, director of Home Hunts, says one of his agents is working with two Chinese clients who are looking for vineyards in the $5 million-to-$10 million range in the Bordeaux region.

In the U.S., many foreign buyers are taking advantage of the relatively weak dollar. In March, Pascale Saliou, a 44-year-old from Brittany, France, paid about $600,000 for studio in a building with a contemporary art-filled lobby in Manhattan’s Chelsea neighborhood. Ms. Saliou has been visiting the city regularly for more than 20 years and finally decided to buy a New York apartment because of the exchange rate. “We never imagined we could one day do this,” she says.

Not all foreign purchasers are shelling out millions (in the U.S., the median price paid for a home by an overseas buyer was just under $220,000, according to the National Association of Realtors). And not all are traveling thousands of miles. Canadians are the largest group of foreign buyers in the U.S. today, representing about 23% of foreign buyers, up from about 17.6% in 2009, according to the National Association of Realtors.

Global property buyers gravitate to a handful of highly specific locales: In London, Russians and people from the Middle East flock to central Knightsbridge, where blocks of sleek condos offer top-of-the-line amenities. In New York, newer condos packed with contemporary design attract foreign buyers. Here’s a look at some of the top global real-estate markets for foreign buyers.

Last month, Russian composer Igor Krutoy—who has recorded more than 100 songs in Russia and collaborated with many of the country’s music stars—made headlines when he and his wife, Olga, purchased a 6,000-square-foot 12th floor condo at the Plaza for $48 million. It was one of the highest prices ever paid for a condo in New York.

According to Jonathan Miller, CEO of appraisal and consulting firm Miller Samuel, foreign buyers make up 15% to 20% of all home sales in Manhattan. They’re particularly strong buyers of thoroughly renovated or newly built condos priced at several million dollars or more. Pamela Liebman, president and CEO of New York-based brokerage Corcoran Group, says that in the first quarter of this year, nearly 20% of new condo sales at Corcoran went to foreign buyers. One deal under way includes a group of Asian investors who are buying 13 apartments in a building, each priced between $1.5 million and $2.5 million.

Manhattan has long been one of the most popular markets in the world for international buyers. But the makeup of international buyers has shifted. Gone are the investors from Ireland who were snapping up condos amid the economic boom in their homeland, says Mr. Miller. Today, it’s buyers from China and Brazil. In the past 18 months, brokers say Russians—known during the boom years for making large real-estate purchases in opulent trophy buildings—have returned after sitting on the sidelines during the recession.

International buyers tend to gravitate to certain buildings. Luigi Rosabianca, a real-estate lawyer who works with international buyers, says the André Balasz-designed William Beaver House in the Financial District is popular with his Latin American clients. “Certain people are attracted to certain energy and aesthetics,” he says. At the Sheffield, a 582-unit condo building at Columbus Circle where 28% of sold units have gone to overseas buyers, sales staff now print marketing materials in Mandarin, French, Spanish and Italian.

At midtown’s Setai Fifth Avenue Residences, where apartments are priced from $1.2 million to $15 million, about half of the buyers have been from overseas. Giuseppe Rossi, the executive vice president of Bizzi & Partners Development, who is originally from Italy, notes that many Italians have purchased apartments there. “We’re Italian developers so there’s a certain appeal to Italian products and the way we built,” he says. Brazilian buyers have also made several purchases there, including Brazilian soccer star Kaka, who recently bought three apartments in the building which he plans to combine, says Mr. Rossi. (Kaka didn’t respond to requests for comment.)

Giorgio Castro, a 62-year-old Rome-based entrepreneur, says he dreamed of owning a place in Manhattan for decades. Last year, with the euro-dollar exchange rate giving him more than a 40% discount, he finally snagged a $1.3 million one-bedroom condo in a Wall Street building designed by David Rockwell.

“It was a good opportunity to buy something I longed for,” says Mr. Castro. “With the money I spent, I could not have bought something equivalent in Rome.”

The Paris real-estate market is booming, driven in part by the high prices foreigners are willing to pay. In the “Golden Triangle”—the tony area near the Champs-Élysées—apartment prices rose 38% in the last year, according to the Paris Notary Chamber. For Paris apartments costing over $2.8 million (€2 million), three foreigners buy into the market for every one foreign seller, says Charles-Marie Jottras, president of the Daniel Féau network of real-estate agencies.

Mr. Jottras just closed his first deal with a mainland Chinese buyer, an apartment on the luxurious Avenue George V for $14.2 million (€10 million). The six-bedroom apartment, down the street from the Chinese embassy, features a 2,150-square-foot living room. A new influx of Chinese buyers is also looking at the 16th arrondissement near the Trocadéro Place, where stately buildings appeal to foreign buyers. The Brazilian presence is also growing; Jean-Philippe Roux, manager of luxury real-estate agency John Taylor’s new Paris office, says he has nine Brazilians interested in the seventh and eighth arrondissements.

France’s neighbors Italy and Britain account for about a third of the international market. These buyers often seek apartments on the Left Bank, in the Saint-Germain neighborhood, as well as in the more bohemian Marais area because of the central location for train stations.

Russian and Middle Eastern buyers tend to concentrate in the “Golden Triangle,” where there are the most luxurious hotels and boutiques. A 1960s-era building at 12-18 Avenue Montaigne, near the Louis Vuitton and Chanel stores, is a big draw, as is the recently renovated building at number 51-53 on the opposite side of the street.

There are only a handful of mansions in Paris. Mr. Jottras’s record sale happened last year and was for the Hôtel de Bourbon-Condé, a mansion with an inner courtyard, garden and private chapel, in the seventh arrondissement on the Left Bank. For $96.9 million (€68 million), a Gulf princess had a new home.

China’s housing boom spilled over to Hong Kong, where property prices have surpassed previous historic highs and are now some of the highest in the world. According to property agency Savills, Hong Kong’s homes are 52% more expensive than London’s—and 111% more than New York’s.

In April 2011, a 5,636-square-foot condo at 39 Conduit Rd. in the Mid-Levels district sold for $46.4 million (HK$361 million). Local newspaper Ming Pao reported that it was bought by Shi Yuzhu, the Shanghai-based founder of online gaming company Giant Interactive. Forbes magazine reported his net worth at $1.6 billion.

Meanwhile, a house on 11 Headland Rd. in Hong Kong’s Repulse Bay neighborhood recently sold for $84.9 million (HK$660 million). Newspaper Ming Pao reported the buyer as Gao Yanming, chairman of Hebei-based shipping company Hosco Group. Henderson Land, the developer, confirmed the transaction but declined to comment as to the identity of the purchaser.

Mainland Chinese buyers are more concentrated in the new luxury sector of condos priced over $1.5 million (HK$12 million), like the Cullinan in West Kowloon. In this sector, they represented 28.8% of the deals during the last half of 2010. In the ultra-expensive range—$25.7 million (HK$200 million) and above—Joseph Tsang, managing director at Jones Lang Lasalle in Hong Kong, estimates that almost all the transactions involve buyers from China.

Mr. Tsang says Chinese buyers look for luxury finishes, ornate decorations and grand hotel-style lobbies. “They’re into glamour and bling,” he says. “In order to attract the Chinese buyer [from the mainland], you need to put out the most expensive stuff on display.”

In the past, the pricey homes along the southern coast of Hong Kong island were popular among well-heeled expatriate bankers from the U.K., Australia and the U.S. But the influx of Chinese buyers and the resulting spike in prices has even forced some members of this wealthy class out of their traditional stomping grounds.

The city’s largest brokers routinely organize bus tours for interested buyers from mainland China to visit new development sites.

Local brokerage firm Midland Realty recently organized three tours during the May 1 weekend, a public holiday. By the end of the weekend, the agency had 10 deals signed, starting at $643,000 (HK$5 million) for new condos. During a tour earlier this year, the agency says some buyers purchased units for $1.3 million (HK$10 million) on their first visit to Hong Kong.

“If you look at the new apartments [in West Kowloon], over 60% are mainland Chinese buyers, but if you count the lights at night, you won’t see many. It’s sold out, but it’s pitch dark,” Mr. Tsang says.

According to Liam Bailey, head of residential research at real-estate agent Knight Frank, London’s ratio of international to domestic buyers for prime real estate is the highest of any major city in the world. According to his report last month, 64% of buyers of central London homes priced over $8.1 million (£5 million) are foreign—”the highest of any major city, without a doubt”—and probably the highest it’s ever been, Mr. Bailey says.

The number of nationalities represented has also swelled; 61 nationalities purchased homes in London last year, up from 46 in 2009, with Russian, Chinese, Indian and Middle Eastern buyers seeing the biggest growth, according to Knight Frank.

For many, the U.K.’s steady political environment and stable economy make London a safe haven for wealth. Sterling’s decline against the dollar—around 20% since 2008—makes property even more enticing. But currency arbitrage and safe-haven status aside, different nationalities are drawn by different aspects.

For U.S. buyers, it’s London’s leafy Hampstead Village, according to Marcus Oliver, associate director at real-estate agent Chesterton Humbert’s Hampstead office. He said 80% of foreign buyers in Hampstead over the past three months have been from the U.S. “Americans are attracted to the quintessentially ‘London village’ feel of Hampstead, with its quaint Victorian houses and the rolling Heath. It matches up with the clichéd impression of London.”

Meanwhile, the status and bright lights of a pad in central Knightsbridge are luring the newly monied Eastern Europeans and Middle Eastern buyers, says Roarie Scarisbrick of HSBC-owned buying agent Property Vision. “Knightsbridge property is the ultimate status symbol for the new settlers of Eastern Europe with their newly amassed fortunes.” Properties like the Knightsbridge, One Hyde Park and the Lancasters, where residents enjoy 24-hour security and amenities ranging from golf simulators to private movie theaters, are attracting some of the world’s wealthiest oligarchs and sheiks.

One such buyer is Ukranian billionaire Rinat Akhmetov, who in January closed on two apartments in the Candy Brothers’ new One Hyde Park development in Knightsbridge for a reported $222.5 million (£136.6 million) to combine into a triplex penthouse. Mr. Akhmatov’s press secretary Olena Dovzhenko confirmed the property was purchased as investment through the oligarch’s company, SCM Capital Management.

In neighboring Kensington, with its proximity to museums and coffee shops, the typical buyer is French, Swiss or Italian, says independent search agent Charles McDowell. He recently found a home for 38-year-old Parisian Michelle Dellion, in South Kensington. The five-bedroom townhouse on Mulberry Walk cost $16.3 million (£10 million) and has 5,000 square feet of living space. “We had to be in London for my husband’s job. Kensington is near the Lycée [Français Charles de Gaulle] and the park—with our three children it was the best area for us,” said Ms. Dellion, a stay-at-home mom whose husband works in finance.

Mindful of this tendency to flock together, developers have launched targeted marketing drives. Within the last six months, luxury London developments The Heron, Bramah Chelsea, Wellington House and Neo Bankside have held marketing exhibitions in Singapore and Hong Kong. Last September, Bramah hosted a successful exhibition at the Mandarin Oriental hotel in Hong Kong. “We sold 50 apartments off plan over two weekends,” says sales executive Matt Shenton.

In the Greater Miami area, nearly 60% of all sales last year were to buyers from overseas, according to the Miami Association of Realtors. For sales of newly built condos downtown, like Icon Brickell that figure jumps to 90%, says the group.

Many of the buyers are from Brazil, which experienced an economic growth rate of 7.5% last year. Brazil’s currency, the real, has risen about 40% against the U.S. dollar in the last two years.

Property developer and marketer Fortune International focused heavily on Brazil to sell Jade Ocean, a 50-story building the company is marketing with infinity pools, a private movie theater and a children’s playroom decorated with Philippe Starck furniture. Its two-story penthouse loft apartments sold for between $3.5 million and $10 million. Nearly 85% of Jade Ocean’s sales have gone to overseas buyers.

Fortune’s principal developer Edgardo Defortuna says that last fall, he worked with American Airlines to invite a group of potential buyers and American Airlines contacts to a dinner party at a restaurant in Brasilia. “The Black Eyed Peas were having dinner in the next room,” he says. His company is also encouraging the airline to add new flights from different cities in Brazil to Miami, which American Airlines says is in the works. In an e-mail, an American Airlines spokeswoman said, “it makes business sense to promote Miami not only as a place to visit but a place to live.”

Russian buyers tend to cluster in northern, beachfront areas. Mr. Defortuna says he’s planning a trip to Moscow and St. Petersburg to pitch several of his Miami-area buildings. There, he hopes to throw a dinner party with Donald Trump Jr., an executive vice president with the Trump Organization.

Unlike Americans, who tend to look for single-family homes, overseas buyers favor condos. Italians have been drawn to the Capri South Beach, a condo building with downtown views and its own marina, says broker Nelson Gonzalez. The Icon Brickell Condo, a three-tower complex downtown, has a large number of British and Brazilian owners.

Venezuelans are also a growing presence, as are buyers from Italy, Spain and Switzerland.

Henrik Wiingaard-Madsen, a shoe-manufacturing company owner from Denmark, says he got a 30% discount in July for two apartments in the Icon Brickell Tower—$520,000 for a two-bedroom and $840,000 for a three-bedroom—plus a rebate. Icon “had so many units, they were kind of desperate at the time,” he says. “The price was so low compared to the quality.” Mr. Defortuna says his company took over marketing for the complex last June, and that the building “has filled in significantly since then.” So far, about 80% of the units have been sold.

Miami real estate market

for the last two years, has not been where people have been going to make fast money. That is rapidly changing, however. The luxury Miami real estate did not suffer the level of devastation that the regular market suffered, as well, and this makes a significant difference in how people are buying and selling properties. In the world of luxury real estate, there are few names with more immediate recognition than Trump. The Trump Towers in Sunny Isles Beach, Florida, are among those luxury properties that are seeing a growth in interest.

Over 2010, the price per square foot for luxury condominium properties in Sunny Isles Beach began to increase. Some reports cite sellers as averaging over 90 percent of their asking price, as well, making it very much a seller’s market in that regard. The Trump Towers certainly meet the definition of luxury real estate. With amenities in line with what you’d expect at a 5-star, or better, hotel, this property has obvious appeal to those looking for luxury, access to the waterfront and access to the best shopping and dining in the Miami-Dade area.

As is the case with everything high-end, selling luxury real estate takes a special touch. While the market is more rarified, the people who make up that market are also more likely and more able to buy at any given time. The key is reaching them. The benefits of reaching out to them successfully, in today’s market, can be substantial. With prices recovering rapidly and demand increasing, there’s never been a better time to have a good realtor representing your property.

For new condos in Sunny Isles Beach

the average price paid in the third quarter of 2010 was just over $400. Trump Towers has several properties currently listed that are at or near this level of price per square foot. Because of the diversity of properties available, there are also many that are higher and lower than average. With sellers getting so much of what they’re asking on average, the market is favorable for those who want to sell their property at Trump Towers. It’s also important to note that the market for these properties is much larger than may be immediately apparent; just ask your realtor.

Trump Towers Miami

and the rest of Sunny Isles Beach have garnered a worldwide appeal. In fact, the area itself is famous for the diversity of people who call it home. Advertising these properties to a luxury demographic takes special considerations, but advertising them to a worldwide demographic takes even more consideration. At present, luxury property specialists are pulling in excellent figures for the properties they list. Not all of them have the ability to reach people all over the world, however, and those that do generally fare much better in the competitive Miami luxury real estate market.

While listed condo properties at Trump Towers condo

range well over 2 million dollar in price, there are options that are far less expensive. Some properties hover around the mid six-figure range, a comparative bargain in this market! However, what’s important to the person selling the condominium is that they’re making money on the sale that’s commensurate with the luxury of the property they’re selling. Currently, the property prices are performing at impressive enough rates to make this not only possible, but likely. While the real estate market crash may be recent in many buyer’s memories, It’s two years in the past and the market has adjusted significantly since those days. Today, properties are selling fast once again, especially in southern Florida.

In the closing month of 2010, there were just over 40 properties for sale at Trump Towers. The prices were higher than what they would have been just a year ago, exhibiting the buyer’s market that is rapidly developing. All over southern Florida, developers were snapping up condominium properties, trying to take advantage of the last low prices following the housing crash. Of course, as property owners become more aware that they stand to make a profit again, these prices are likely to go up!

If you’re considering listing a property at Trump Towers, the increase in average price per square foot in the Sunny Isles Beach market should come as welcome news. It’s economically feasible to invest in and sell property once again, and sellers will fin themselves with plenty of buyers who are interested in their property. A significant part of making that happen, however, is having a good realtor. This is particularly important in a luxury market. The clientele that can afford such properties will expect good information. It also takes experience and skill to know how to advertise property to that market, something a luxury realtor specializes in and that they do better than anyone else.

Miami Condos

have always been popular with those who want to call Florida home. There are also plenty of condominiums, particularly on the ocean in Fort Lauderdale and Miami Beach that are owned by people who call the area their second home. The inventory for properties at luxury developments such as Jade Ocean, located in Sunny Isle Beach, has been dropping consistently over the past couple of years. As the shocks of 2008 have faded, investors, developers and individuals are all looking to acquire properties in luxury markets and at luxury developments.

The inventory of Miami Beach homes on the market

including luxury and condominium properties, has dropped almost 40 percent in the last two years, according to recent reports. People are buying Miami real estate again, particularly at the high end. Not all of these buyers are bargain shoppers, however. Luxury properties such as those at Jade Ocean Sunny Isles are commanding high prices per square foot, proving that selling real estate has become viable as a way to turn a profit again.

Jade Beach

is situated on Collins Avenue in Sunny Isles Beach, Florida. This makes it a good representation of luxury real estate in the area. Collins Avenue is one of the most desirable places for the affluent, packed with high-end shopping, dining and other diversions. Easy access to the Intercostals waterway and to the ocean make this area even more desirable. Some properties listed at Jade Beach Miami sell for in excess of $800 per square foot. There are even some that command more than $900 per square foot. While this may have seemed like the result of huge demand during the boom days of the real estate market, today it’s simply a testament to the fact that people are willing to pay for luxury properties.

Properties such as Jade Beach Sunny Isles

appeal, of course, to a particular clientele. With the least-expensive units at the property hovering around $600,000, this is obviously not the type of development that appeals to first-time homeowners, unless they’ve done very well for themselves. This property needs to be marketed to the right segment of the population, and that means the luxury market. While FSBO—For Sale By Owner—properties might be common sights in the residential neighborhoods of the US, the luxury neighborhoods and the expectations of the market demand that a realtor be used to sell these properties. In South Florida, realtors have been able to unload a lot of the inventory that built up after the real estate market crash of 2008, and that has been good news for property owners and buyers.

Jade Beach condo

is a recently-built property, like many of the condominium properties in Sunny Isles Beach. The real estate boom brought tremendous development in this area and, today, it is home to some of the most upscale properties in the area. Though South Beach real estate is usually recognized as the most affluent of the real estate markets in the area, Sunny Isles Beach real estate has established itself as the place to be, with many celebrities and international business people calling the area home. With the number of properties for sale in southern Florida having diminished by over 40,000 total since 2008, listings are becoming scarcer and more valuable.

Jade Beach apartments

offer one-, two- and three-bedroom units available for sale as of the last quarter of 2010. These units ranged in price from $600,000 to over $11 million for the property’s 6-bedroom unit, which was also on the market. These unites have actually gone up in price, on the whole, indicating that the luxury market is not suffering, even in an economy that is generally rated as being very down. These luxury properties, however, are not as ubiquitous on the market as they so recently were. Developers have been snatching them up, as have individual property owners, and the numbers of units available at such luxury establishments as Jade Beach is steadily dropping.

With few listings on the market relative to just a couple of years ago, it may be a good time to list your own condominium. With a good realtor, the market is more favorable than it has been in years and sales are no longer difficult to make happen. In fact, the luxury market seems to have vastly improved over the last couple of years!

For the level of Jade Beach real estate

be sure you engage the services of a suitable realtor. Luxury property is its own market and it takes a realtor who has familiarity with it to make a sale. A good realtor will be able to help you take advantage of the diminishing inventory on the market and the increased enthusiasm in the upscale market. With prices increasing, inventory decreasing and the economy seeming to recover, it’s a good time to consider consulting with a realtor about your property.

Despite what may seem to be an ailing Miami real estate market

the recent interest in condominium properties in South Florida makes it a good time to list. Sales figures show that prices for some condominium properties, such as Jade Beach, have performed better than expected. The prices for properties such as this one, located in a towering glass building with views of the ocean and the city, rival those paid for properties in the traditionally more expensive real estate market of South Beach.

If you’re trying to calculate the amount of money you might get from your property, it’s easiest to arrive at a realistic figure by looking at the price per square foot. In the case of Jade Ocean condo, data for the third quarter of 2010 shows that buyers were paying $687 per square foot for real estate at the condominium. This is an excellent rate. In the fourth quarter of 2010, the average price paid for a property at Jade Ocean was $1.38 million, definitely a price that makes listing something worth considering.

While the economic news has generally been down lately, it’s important to remember that the luxury market continues to be active. Affluent buyers still have the power to acquire new properties and South Florida is still one of the most popular markets for such buyers. Listing a condo at a property such as Jade Ocean can be a very profitable proposition.

Jade Ocean is located in Sunny Isles Beach, Florida

This city is known primarily as a luxury resort community. It provides excellent access to the Intercostal waterway and there are ample upscale stores and clubs located in the area. Sunny Isles beach has a distinct advantage over some other luxury markets in the US. The city is known for being a draw for celebrities and for affluent individuals and families all over the world. This means that listing in this area have a potentially worldwide market.

The prices commanded by properties at this tower were well in excess of any paid for properties at other condominium towers in the area. The average price paid for condominiums in the area was $511 per square feet, putting Jade Ocean Sunny Isles in excess of $160 above the average paid for a square foot of luxury real estate in one of the areas fashionable high-rise condominium properties.

As an example of the differences between the luxury markets and the regular real estate market, consider how the affluent oftentimes purchase property. A Miami Heat basketball player recently bought a mansion, for well in excess of $10 million, without ever seeing the property in person. For those who have the means, buying real estate has not lost any of its appeal. What makes Jade Ocean itself so appealing most certainly includes the luxurious surroundings and high-tech amenities its residents enjoy. There is always the question of whether or not the prices will stay favorable, of course, and the question of whether or not inventory will move.

Jade Ocean has a sister property Jade Beach

where all of the properties have sold. The average price paid for properties at that building was $650 per square foot. With an improving market and the speed that properties in other units have moved, 2011 seems like a good time to list for those who are interested in moving their properties. The key to listing effectively, however, is to have a good Sunny Isles Beach realtor. In the luxury market, this is even more the case than it is on others.

The properties on Sunny Isles Beach

have been bought up both by individuals and by developers. This audience, of course, has to be reached if you plan on being able to move your property. Without the right person to represent your property, it’s much harder to sell a condominium and it’s likely that you won’t get the amount of money you want, or expect, for your property. Realtors in the luxury market have the expertise to move condominium properties in Sunny Isles Beach or anywhere else, and properties will generally sell much faster with a realtor making sure they’re marketed properly.

With Jade Ocean and its sister property proving very desirable to individuals, and with property at the Jade Ocean development commanding such a high price, listing now has to potential to be very profitable. Remember that a realtor with experience in this region is the best to handle these properties. The market in Florida is famous for moving very fast and, at present, with prices for property increasing along with the interest in them, that means that a good realtor is a key element in making sure you make as much as possible off of your sale.

A very happy new year to you, hope it started out well. It certainly did for me and my beloved Sunny Isles real estate and Miami Beach real estate. This is my first newsletter in 2011 and I thought I’d start it on a positive note.

Sales of condos and homes in Sunny Isles Beach

and Miami Beach have been growing since late 2010. We are pleased to see strong demand for luxury oceanfront properties from wealthy buyers, a trend likely to continue in 2011 according to Florida Realtor analysts as well as brokers.

The latest Miami MLS data

indicates that the high-end market had increased dramatically in both activity and closed units. Thus sales of homes for the first nine month of 2010 in the $1 million to $2 million range were up 42% and sales over $2 million were up 78% compared with 2009. That’s a sign everyone believes the market is turning.

Recently a retired Michigan tire company owner purchase a $22,5 million oceanfront mansion in Palm Beach. That was the town’s ninth 2010 transaction over $10 million, compared with just one such sale in 2009.

“We don’t expect to see a dramatic turn-around”, says economist Sean Snaith, director of the Institute for Economic Competitiveness at the University of Central Florida in Orlando. “At least, the worst is behind us now.”

From a statistical standpoint, 2011 is expected to be a growth year for Florida’s economy. Florida is expected to add about 63,000 new jobs this year. The strongest industries will be healthcare, education, business services and real estate.

Interesting facts about Florida:

· 1,000 People move to Florida each day

· The state population will rise by 140,000 in 2011, compared with 100,000 in 2010

· Florida offers 1,800 miles of costilne

· 1,200 miles of sand beaches

· 12 International airports

· 19 major commercial airports

· 14 deepwater ports

· More than 1,250 golf courses

· Over 370,000 hotel rooms

A more optimistic forecast from Moody’s Economy.com, a national consulting firm, projects that Florida will achieve 3% job growth in 2011- more than any other state. The report says Orlando and Tampa are expected to grow the most at 3.4%. Others project to grow are Jacksonville – 2,6%, Miami at 1.7%, Pensacola at 3.1% and Tallahassee at 2.7%.

Once again, the new construction has picked up on the Gulf Coast, particularly single-family homes in master-planned communities. None of it is speculative building as each home has an owner who will move in at closing. We are also seeing high-end luxury homes taking shape on infill parcels throughout the city – a sign of confidence.

Another sign of health for Florida’s real estate market – today’s buyers are focusing more on using their new house or condo themselves, rather than buying it as an investment or even worst, to flip. The demand for luxury condominiums in Miami are predominantly by foreign buyers who view hosing as shelter rather than a financial investment. Tighter lender requirements will combine to make the market healthier as well.

Florida home prices are now comparable to the preboom years. In August 2010, the median price of a single-family home statewide was $134,000, according to Florida Realtors statistics. In August 2001, the median price was $130,000.

Whether it’s a buyer’s or seller’s market, we understand the current Miami real estate market conditions and are able to deliver the best deals to our customers.

What you will find when you are searching for a Jade Ocean property

along Sunny Isles Beach as that the market in which you will find your property is one of the best the area has seen since 2008. With many of the home prices coming in as low as $257 per square foot in certain areas.

Even if you are looking for a beach front property, some prices are still looking under $500 per square foot with some settling in at $627 per square foot, depending on location. What you will find in these luxury condominiums is that they offer a wide variety of amenities and a neighborhood that boasts high net worth individuals from all over the world and including Latin American countries such as Brazil, Venezuela, Mexico and Argentina.

Now is the time to buy your Jade Ocean condo

because right now is a Buyer’s Market! The Sunny Isles Beach area has recently been offering over 1,000 more new properties for sale, and shows that so far in 2010, there have been over 600 properties sold.

You won’t find a better time to buy your Jade Ocean property in the Sunny Isles Beach area

The price is right and you will find that you will have a variety of different styles of properties available to choose from. Whether you buy it is your full time residence or as a second vacation home, you can’t disagree that now is the time to buy with the prices of these properties being so low.

As a well informed buyer, you should know that you can buy a Jade Ocean property at the best price you will ever find it at right now. It won’t pay to wait as these homes are becoming more and more in demand for this type of market. Soon they will be all bought out and when that happens, the prices may go up drastically with the availability going down.

More and more investors are buying properties in Miami these days

Let’s face it, we’re in a strong buyer’s market now and those who realize the potentials are jumping in. The prices for prime waterfront properties in Miami, including Penthouses in Miami are very low in comparison to the rest of the world. As a result, Sunny Realty had sold two penthouses last month in Acqualina Sunny Isles.

So what would you pay for a Penthouse?

A recently published article by www.luxist.com reveals that a six-bedroom penthouse at London’s posh One Hyde Park development (above) has just sold for a record-breaking £140 million, or about $220 million, making it the most expensive piece of residential real estate in the world (in terms of current listings and sales). The massive deal eclipses the paltry $150 million asking price for The Manor, Candy Spelling’s monstrous mansion in Holmby Hills, California, previous holder of the World’s Most Expensive title. While the identity of the buyer remains a closely-guarded secret, speculation is centering on oligarchs and oil sheikhs, the London Telegraph reports. The palatial penthouse stretches across two floors and boasts bullet-proof windows, a panic room and stunning views across the Serpentine lake in Hyde Park.

Barely a month after a London penthouse had sold for $220 million, making it the world’s most expensive private residence, the record has been shattered with the $308 million sale of a palatial penthouse in Monaco (above). The Monaco property, called La Belle Epoque, has quite a history; formerly the home of billionaire banker Edmund Safra, it’s where he was found dead following a mysterious fire that gutted the apartment in 1999. The three-bedroom, 17,500-sq-.ft. duplex penthouse, which includes a double-height library and vast roof terraces complete with mature 15-foot trees and an infinity pool, is thought to have been purchased by an Arab sheikh, the Economic Times reports.

So, what about top Miami Penthouses for sale?

With an increased interest in Miami penthouses, right now there are still several great opportunities on the market. The Setai Miami Penthouse tops the list with a immersed 6,200 square feet under aid duplex with an exceptional architecture & decor. No expense or detail was spared in creating a traditional Thai themed home in the sky. This masterpiece boasts endless works of art, custom woodwork, unique furnishings, antiques & rooftop terrace making this an unrivaled residence for the most distinguished homeowner.5 star amenities include valet, concierge, room service, restaurant & bar, fitness center w/ spa & 3 pools. Asking price of $27M seems like pocket change in comparison to it’s European protege.

The next two most expensive Miami penthouses are in Continuum On South Beach. This brand new North Tower offers 12 Acres of Oceanfront at CONTINUUM! Spectacular wraparound views, Italian kitchen with Stainless Steel Meile appliances, Subzero Refrigerator, Granite countertops and Marble floors. Luxury amenities include 24 hr security and valet parking, full-time Concierge Service, 2 large Lagoon pools with pool and beach-side services from Patio Restaurant. Three Pro-Clay tennis courts, 23,000sf Sporting Club and Spa with Infinity lap pool!

If penthouses is your thing, my personal favorite is the Apogee Miami Beach penthouse. This gorgeous pinnacle of the latest architecture by world renown team of Sieger Suarez offers the top two floors at the Apogee South Beach. The 6,870 square feet penthouse offers 22 feet ceilings enclosed by double height floor to ceiling windows which creates a first lasting impression. The unbelievable 360 degree rooftop palazzo offers 11,000 square foot terrace and some of the most spectacular views in Miami. Private pool and built in summer kitchen is there as well for your entertainment. This Apogee penthouse asking price is only $16M, which is the lowest of it’s kind on the market.

Several great opportunities for Sunny Isles Penthouses

are present by Jade Ocean Sunny Isles. Brand new 55 stories all glass tower offers a two story penthouse all finished and furnished in stunning white theme. If you’re on the market to buy a penthouse in Miami, please consider Sunny Realty – we’re a top selling team with superb knowledge of the local market and will be sure to find you the best penthouse for your money.

For more information please call our office toll free – 1-877-368-2318.