According to a recent report from Sunny Realty, the Miami area has experienced the largest boost in sales activity in five years. The largest contributing factor to this rise in activity is the number of foreign buyers flooding to the area, predominantly from European countries and Brazil.

“The 2011 trend shows that we are heading toward a healthier Miami real estate market. The strength of this market is something that hasn’t been seen in years, showing promise for a strong third and fourth quarter finish,� stated Leon Bell of Miami’s Sunny Realty.

When evaluating reports on the state of the Miami real estate market, it is essential to consider specific segments of the data collection relative to the types of properties listed, those selling, those in distress and who the buyers are. For example, at first glance at recent pricing reports, one would conclude that the median sales price for Miami properties had dropped. June reports show the median pricing of single-family homes in Miami dropping slightly, 2.8%, from second quarter close. One contributing factor to this slight price decrease is the number of distressed property sales in the area.

Many real estate professionals, including those of Sunny Realty, suggest that we are nearing the bottom of the distressed inventory, as many property owners have addressed these issues over the past several years. What we will be left with moving forward are the more desirable properties, positioned well to sell. In fact, as the number of distressed properties has been drastically reduced in recent months, the number of properties currently in inventory has also dropped, helping prices to hold their own, despite the perception of a slow market.

While this tells the tale of the median home market, an entirely different story is painted when you consider the state of the Miami luxury real estate market.

When you isolate luxury properties in the same area boasting average pricing in excess of $1 million, up nearly 5% from second quarter, a different story is painted of the market. Leading the market are luxury properties, predominantly of interest to foreign buyers (nearly 80% of sales), although domestic buyers are also looking to the area for vacation properties offered at competitive prices. Within the Miami area, homes in Miami Beach are showing the most promise, case in point with the recent $19.8 million sale of the Maurice-Fatio designed property on Sunset Island.

As the number of high end Miami homes sold increases over the past month, the number of high end properties hitting the available inventory has not. This trend suggests that the market is tightening. It is possible that the Miami real estate market will bear price increases as we head into the year’s end.

When you are considering buying a home in the South Beach

you are going to want to do some research to find out what the average price is for homes. One of the easiest ways to do that is to compare the average price per square foot of the different properties. Here are some of the most popular properties in the area as well as the average price per square foot. They are in order from highest to lowest. All of the data is from units sold in 2010.

Ten units were recently sold at The Setai Miami Beach

The Setai condos sold for an average of $1,517.28 per square foot. Apogee Miami Beach, another popular property, sold nine units. The average price per square foot at this property was $1,317.74. Twelve units sold at Continuum North for $1,053.44, and four units sold at Il Villaggio Miami Beach for $859.08 per square foot.

Continuum South

had sixteen properties sell with an average square foot price of $769.49. Murano at Portofino had four sold properties at $730.21 per square foot. Mosaic sold five units at $631.59 per square foot, while Murano Grande had eleven properties sell at $556.68.

Seventeen properties sold at ICON South Beach

for $543.99, while Blue Diamond Miami Beach sold twelve units for $470.51 per square foot. The Yacht Club sold sixteen properties at $443.40, and at Bentley Bay, nine condos sold for $412.74 per square foot.

Cosmopolitan South Beach

sold eleven units for $384.58, and Sunset Harbor had fourteen units sell at $346.17 per square foot. Roney Palace had an amazing thirty units sell for $341.87 per square foot, the Floridian had twenty-five condos sell at $317.81 per square foot. Rounding out the list is Wavery, which had eighteen units sell at $307.04 per square foot.

As you can see, there are many different types of properties available in the area, and people with large and small budgets alike should be able to find a great home in South Beach.

South Beach real estate

may be one of the most well known areas of Miami. Recognized for its fame and luxury in movies and among celebrities, the sector along the southern edge of Miami, also known as SoFi, is home to large, luxury ocean front condominiums that will make the resident feel as if they are a movie star.

In the past, the condominiums in the South Beach area

lived up to their luxury and convenience by being too pricey for many people to afford. However, in today’s slow economy, all of this has changed. You may have always wanted your very own South Beach condo and you may have always thought it was a dream that would never be realized.

Since the Miami real estate market

has been affected heavily by the economy, there are more properties for sale and fewer people buying. This means that property costs are very low. In fact, in South Beach, the costs of condominiums are lower than they have been in the last six years!
When the costs of condos used to be extravagant, they are much more affordable today. You can enjoy the same amount of luxury for a much lower price.

If you have wanted to own a property in the South Beach area, whether you intend to move there or you want a vacation locale, you can find just the right condominium. Properties that are brand new or locations that are well established have all come down in price.

You can take advantage of a buyer’s market to find the South Beach oceanfront condo that you feel is perfect. You can find South Beach condo for a fraction of the cost it would have been listed as just a few years ago. At prices reaching their lowest in six years, South beach condos are more affordable than they ever have been.

Click here to see a complete list of currently available South Beach condos for sale

You can find great deals for South Beach condos

Condos like Murano, Icon, Continuum, and Portofino. The costs of condominiums in the South Beach area are now lower than they have been in a number of years. Anyone who is interested in living in an oceanfront property on South Beach should explore all the different options he or she has in these incredible areas.

Continuum South Beach

is a 40-story building that offers a great views of the ocean and is located on the most famous South Beach with it’s private beach and five stars service. In addition to the private beach, residents will find a fitness center, tennis courts, and a pool that they can use.

Icon South Beach

is also 40-stories high, and it offers prospective buyers a number of floor plans from which to choose. The 1, 2, and 3 bedrooms suites all have an amazing views of Biscayne Bay and the Atlantic Ocean.

Murano South Beach

is a stylish condominium property that has an onsite fitness center and spa, as well as great views. It also has a saltwater pool, a pool café, and the Bay Side Beach Club among amenities for the residents.

Portofino Tower South Beach

is 44-stories high, and has 1, 2, 3, and 4 bedroom residences, as well as penthouses that have spectacular views of the water. The property also has a fitness center, spa, tennis courts, and much more for the residents to enjoy.

Because so many of the South Beach condos are on sale, you will be able to find great deals in Murano, Icon, Continuum, and Portofino. Each of these different properties offer the best in beach living, as well as a variety of amenities that you just won’t find with many condominiums. You can live the life of luxury close to the beach and all the action that the famous area of South Beach real estate has to offer.

South Of Fifth Condos For Sale

South Beach condos

provides incredible options for enjoyment, whether you are looking for fun in the sun and surf or demand upscale shopping and dining. You will find many different options for living in the area, whether you want to rent or buy. However, condominiums constitute some of the best properties in the area. South of Fifth South Beach condo is a new condominium property that offers you low-rise enjoyment, set on the fantastic beach. This amazing property will provide you with the residence that you need and the style hat you crave.

South of Fifth

is 7 stories high and offers 2, 3 and 4 bedroom residences. This condo is known for it’s spacious unit, raging in size between 2,480 to over 4,000 square feet. Every residence features beautiful design, very stylish. The design will meet most descrept buyers needs.

Units at South of Fifth are two stories

offering unique options and amenities. The view of the ocean is stunning from every room for you to enjoy the life on South Beach.

Even the bathrooms are done for you to experience luxurious relaxation. Limestone floors, luxury Dornbracht fixtures and luxury plumbing, a glass enclosed shower and stunning whirlpool baths make each bathroom a delight for all the senses. Relax and enjoy refined elegance in the spacious, flow-through floor plans, featuring balconies overlooking both the Atlantic and the Intracoastal Waterway.

South of 5th

features a stone-flagged pool, ideal for swimming or sunbathing, as well as a lushly landscaped courtyard. The garden-like setting is an incredible place to stroll or simply sit and relax. Valet parking helps add convenience and keep your vehicle safe, while the immediate beach access is an excellent way to enjoy the white sands and the crystalline waters.