are sister towers and two of the most prestigious addresses in the Miami area. These condominium complexes are well known for their comfort and luxury, and theyâ€™ve been favorites in the area for several years.
Even with the recent economic distress, the sales have been very strong which means both towers are in huge demand. However, in many ways, it is still the buyers market and smart investors have been utilizing this to their advantage. Even during the mortgage crisis, the sales in both towers have been incredibly strong because most buyers these days do not need mortgages and are buying for cash.
During the recession years, the asking price and the sales price were often far different, with sellers taking losses just to rid themselves of their property. What many people donâ€™t realize is that the gap between these two prices have slowly closed, as home sales have picked up. In fact, the average selling price is only 2% to 5% is lower than the asking price. This is a true sign of improving real estate. In addition, the inventory have diminished dramatically within the past year but there are still many great properties for sale in both Blue Diamond and Green Diamond while the buyersâ€™ market is still in effect. If youâ€™ve been considering a luxury beachfront condo in Miami Beach area, this is the time to make your move.
Miami Beach Real Estate Prices Are Going Up
As youâ€™re probably aware, the luxury youâ€™ll receive in either of these communities is hard to match. The prices youâ€™ll find range from $500,000 to well over $2,000,000, depending on the size and layout of the unit you choose. With over twenty residences sold in 2011, itâ€™s easy to see that the sales have picked back up again, and now is still the best time to buy. You can get a great direct ocean front condo with beautiful designer touches, upgraded lighting and floors, gourmet kitchens, and bathrooms with elegant features. It all comes with the price, as well as amenities in the community. Youâ€™ll be able to enjoy the swimming pools, fitness centers, two tennis courts, private movie theater, pool-side cafe and service and security staff at all times, not to mention the views youâ€™ll have from every window and terrace.
Take Advantage of the Buyersâ€™ Market
If youâ€™re looking to take advantage of this lingering buyersâ€™ market, then you should certainly act now. The signs are showing that itâ€™s not going to be in effect much longer, and youâ€™ll want to get the best price possible for your new Green Diamond Miami condo. You can count on our agents to give you the assistance you need, so give us a call at 1.954.336.1016 when youâ€™re ready.
Buying a Green Diamond condo or Blue Diamond condo
is not the same as buying a house, so youâ€™ll need someone on your side who can show you the differences. Weâ€™ll help you understand all the different aspects involved when purchasing a new condo, and then weâ€™ll show you the many amenities that come with a luxury property like this one. When all is said and done, youâ€™ll be thrilled with your new home and the lifestyle that comes along with it.