The Icon Brickell Miami

is certainly one of the premier names in luxury in the Miami area, and you could be the proud new owner easier than you think. It’s unfortunate to note that some luxury condominium properties have suffered from lack of sales in recent years. After all, when the economy is in crisis, people are more likely to put off luxury purchases, and that means homes in a prestigious area such as this one will languish on the market for several months. There isn’t a lot of good about this situation, except that it does force prices lower, which is beneficial to buyers.

Miami Real Estate Prices Are Going Up

In a buyers’ market, such as the one we are currently experiencing, it’s possible for buyers to seek lower prices from sellers, negotiating the prices down until they get a great deal on their new home. Those who have purchased homes in the last few years have most certainly benefitted from this reality. The same is true for Icon Brickell Condos, though the trend is slowly turning. If you take a look at the asking prices and sale prices from 2011, you’ll see that the gap between them is slowly closing. Property values are going back up, and that’s because the recession is coming to a close, at least here in Miami.

Icon Brickell Sales Have Increased Dramatically

This massive project offered more than 1000 units for sale. However, more than 96% of the project is now sold out, thanks to foreign buyers from all over the world. These condo residences were priced anywhere from $300,000 to over $2,000,000, depending on the size of the unit and the layout. However, any unit offers plenty of luxury and elegance. The views from each room are astounding, the pools are crystal clear, and the fitness centers provide great service. In addition, the residences are some of the most beautiful you’ll see in the Miami area, with upgraded flooring and countertops, beautiful lighting and fixtures, top of the line appliances, gourmet kitchens, and bathroom retreats. Everything is stunning, and no detail is left out.

You can still own a bit of this and take advantage of the lingering buyers’ market. If ever there was a time to buy, it’s right now, because the prices will continue to rise in the near future. You can get a great deal on a luxury Brickell condo before the prices are too high again. In fact, prices are so certain to rise that you can consider your home an investment. You’ll be able to see an amazing price appreciation in just a few years.

If you’re ready to own one of these beautiful residences, just give me a call – 1-954-336-1016. We’re knowledgeable and experienced in the sale of Miami condominiums, so you can be sure we’ll know what’s going on at all times. We’ll make the process easy for you, walking you through the negotiations to get the best price and then helping you through the closing process. It’s not hard to purchase a Miami home at a great price right now, especially when you have experts in Miami real estate on your side.

After several years of depressed home sales all over the country, there are finally signs that the recession is on its way out. Of course, it will take some time for home prices to reach the same levels they experienced five or six years ago. The important thing to note, especially for those homebuyers who took a chance in the past year, is that the value of your property is on the mend. All you have to do is take a look around you to see that things are certainly getting better.

Miami real estate Market Is Looking Up

Take, for instance, the condominium sales at Acqualina in Sunny Isles Beach. These are some of the most luxurious ocean front condos in the Miami area, and they draw buyers from all over the world. With top-notch amenities, including swimming pools, fitness centers, beach access, and a full staff, it’s hard to understand why anyone wouldn’t want to live here. For several years, however, the sales of these amazing homes were much lower than usual, simply because buyers were just too afraid to take the leap. With condo sales in Acqualina rising steadily, as numbers from 2011 will show, it’s clear to see that the housing market is turning around.

In addition, the new construction Mansions at Aqualina in Sunny Isles Beach has made a big splash among pre-construction investors. The new, ultra luxurious condo will offer just 79 residences, starting at 4,500 square feet and going up to a wapping 16,000 square one-of-a-kind penthouse. The developer offers selection of high-end finishes so when you buy your unit, you don’t have to worry about the floors, closets, etc. Everything will be completely finished by the developer so all you need to do is sit back, relax and enjoy your new mansion.

The condominium units you’ll find at Mansions at Acqualina

come in several different sizes and floor plans, meaning you’re sure to find something you’ll love. You can be sure that no luxury will be spared during the building and design of the interiors, either. Here is where you will find the most beautiful flooring available, gourmet kitchens with the very best appliances, spa-style bathrooms, and views of the ocean that will steal your breath away. Everyone wants to live here and enjoy the incredible features, but the starting price is $5M plus. If you’re ready to buy, now is the perfect time as you can get it in a pre-construction phase. If you wait too long, you’ll miss out on the lower prices, because these condominium units will go up in price as the development progresses.

How Sales at Acqualina Fared This Year

With total 18 units sold in the Acqualina complex in the last year, it’s easy to see that buyers are ready to make their moves again. These condo units range in price from $1,600,000 to well over $4,000,000. Though one might think the lower-priced units would go first, evidence points to the fact that the multi-million dollar price tags didn’t scare away too many people. In fact, the greater majority of the homes sold went for more than $1,600,000, with a good number of those fetching more than $2,000,000.

Make Your Move Now – place a deposit for newest project in Sunny Isles – Mansions at Acqualina Condo

The new construction condos in Sunny Isles Beach is truly an evidence of a recovering luxury condo market, and it’s a sign that prices are on the mend, too. There is no better time to make your move and secure your new home in the Mansions Aqualina. You can work with our experienced and knowledgeable agents to ensure that you learn all you need to know about condominium living on the beaches of Miami. We’ll also show you that it doesn’t have to be hard to purchase a home, no matter where the market is at the moment. It could be so easy to purchase your new beachfront home. Call today 1.954.336.1016 to talk to our luxury ocean front condo specialist.

Green Diamond Miami Beach and Blue Diamond Miami Beach

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 they’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 don’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 buyers’ market is still in effect. If you’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 you’re probably aware, the luxury you’ll receive in either of these communities is hard to match. The prices you’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, it’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. You’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 you’ll have from every window and terrace.

Take Advantage of the Buyers’ Market

If you’re looking to take advantage of this lingering buyers’ market, then you should certainly act now. The signs are showing that it’s not going to be in effect much longer, and you’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 you’re ready.

Buying a Green Diamond condo or Blue Diamond condo

is not the same as buying a house, so you’ll need someone on your side who can show you the differences. We’ll help you understand all the different aspects involved when purchasing a new condo, and then we’ll show you the many amenities that come with a luxury property like this one. When all is said and done, you’ll be thrilled with your new home and the lifestyle that comes along with it.

There are few names that call to mind such luxury as Trump, and this is certainly evident in Trump Palace Sunny Isles Beach, one of the premier condominium communities in the Miami area. Unfortunately, luxuries are the last things people buy when the economy is tight, and we have certainly been through some rough times in the last few years. With the recession hanging over our heads, most people don’t want to purchase anything but the necessities, and that means homes in Trump Palace have been selling for lower prices than they have in years. There are certainly still those who want to own a piece of prestige, and that has helped to keep these condo units selling, but for a few years, the prices have been lower than ever.

Recent Sales Are Growing in Trump Palace Sunny Isles

With almost ten sales in the last year, it’s easy to see that things are getting better. With the recession slowly coming to a close, people are seeking out some of the luxuries they denied themselves. Though sales are certainly picking up, the prices are still much lower than one might expect. Though there is still quite a difference between the asking price and the sold price for many of these homes, that gap is closing slowly but surely. What this means for you is that you don’t have much time to take advantage of this current buyers’ market. If you want to own a condo in Trump Palace, now is the time to make your move.

Lots of Luxury oceanfront Condo for the Money

Most of the units can be purchased for less than $1,000,000, with some priced below $500,000. There are quite a few that are large enough and luxurious enough to bring $2,000,000 or even more, though. The prices may look a little steep to some, but there is a lot of luxury included in the purchase of a new home at Trump Palace. You’ll be able to enjoy views of the ocean from almost anywhere in your new home. There are also amenities that will make your life so relaxed and fun, such as swimming pools, fitness centers, private beach access, and a staff trained for service and security. You really will get a lot for the price you pay.

Let Us Help You Achieve your Miami real estate Goals

If you’re ready to make Trump Palace your new home, now is the time to act. You don’t want to wait too long and miss out on the last of the buyers’ market. Our qualified and experienced agents know all about selling homes in condominium complexes, and we’d love to help you choose the right residence for your wants and needs. We can help you negotiate the price, which is necessary if you want to get the best deal. We’ll also make sure you understand everything involved in owning a condominium, including additional fees and regulations. Finally, we’ll help you straight through the closing process, which can be a nerve-wracking experience. You won’t need to worry about a thing when you allow our agents to help you get the home of your dreams at Trump Palace in Miami.

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.

Prices for Ocean Four Sunny Isles condos

are still down considerably since the all time high in 2007. However, with all the furor surrounding the current economic environment, it’s no wonder that people are a bit shy about buying something as large as a new home. This is especially true for vacation properties or any homes that might be considered a luxury and not a necessity. There is no denying that the condos in Ocean Four would fit the luxury description, and so it’s easy to see why sales may have been slow for the past year. All of that is changing as the shadow of the recession slowly slips away. Though there are still troubled times ahead, the worst is certainly over, and there are plenty of clues to support this fact.

Not Too Late to Get Great Prices in Ocean Four

What this means is that the prices for these apartments at Ocean Four will soon start to rise, but it’s not too late to get a new home before this happens. If you take a look at the 14 homes that sold in the Oceans Four community in the last year, you’ll see there is quite a difference between the asking price and the paid price, but that gap is closing quickly. It’s still a buyers’ market, to be sure, but that won’t remain the case for too much longer. The prices are still well over $500,000 for most units, depending on the size and layout, but some can bring in more than $2,000,000. As you might imagine, these prices will rise as people discover they’re ready to make luxury purchases again.

The number of Ocean 4 condos sold

in 2011

is drastically higher than those in the previous years. Since the mortgage crisis and the simultaneous recession, the prices for homes have lowered dramatically, and sales for these homes nearly came to a standstill. Of course, everyone needs a home, so there was some movement in the markets, but for the most part, people were only buying what they needed – not what they wanted. Ocean Four is certainly the type of home that everyone wants, and with the coming changes in the economy, people will be seeking it out. Don’t you want to get in before anyone else can?

More Elegance for the Money

When you live in Ocean 4 Sunny Isles

you’ll get the benefit of many great amenities. In fact, it’s very much like resort living, if that’s your cup of tea. You’ll be able to enjoy the pools and fitness centers, as well as private beach access. The home interiors are some of the most beautiful you’ll find in the Miami area. With designer touches throughout, upgraded lighting and countertops, and top-of-the-line appliances, Oceans Four brings you luxury on a more affordable level than some of the other complexes in the area. Though it’s more affordable, that’s no reason to believe it’s less elegant.

Let Us Help You

If you’re interested in learning more about the prices at Ocean Four and how you can take advantage of them, you can contact one of our qualified real estate agents at Sunny Realty. Please call toll free today – 1.877.368.2318 and we’ll be glad to show you the units that fit your wants and needs and then help you through the negotiation process.

The above chart outlines the prices for Miami real estate are at the all time low in comparison to other parts of the world. This is why Miami’s real estate will continue to rebound in 2012.

A recent Census Bureau report revealed that while International real estate buyers dominate the South Florida real estate rebound, a recent Census Bureau report on migration trends indicates that U.S. residents from northern climates are once again heading to Florida for retirement.

Between April 1, 2010, and July 1, 2011, Florida welcomed 256,000 new residents, or roughly 560 new Floridians each day. In total population, Florida retained its No. 4 status, but its 19.1 million residents moved closer to bumping New York, with 19.5 million residents, from its No. 3 spot.

Florida ranked No. 3 for attracting new international residents, behind only California and Texas. However, the Sunshine State ranked No. 2 in attracting residents from other U.S. states. During the 15 months of the Census study, 119,000 moved to Florida from other states, a number surpassed only by Texas’ 145,000 new residents.

The state’s growth according to the Census Bureau surpassed earlier estimates by the University of Florida’s Bureau of Economic & Business Research, and Sarasota’s Herald-Tribune dug a little deeper to find out why. They found that the UF study relies mainly on new electric utility hookups to judge population growth, while the Census Bureau relies largely on tax returns and Medicare data.

Great news for the beginning of this year came from the commercial real estate sector, reports Miami Today (http://www.miamitodaynews.com/news/120105/story3.shtml).

Miami commercial real estate market is performing better than most

experts say, and values in some sectors may be rising within the next year.

“In my view it was relatively flat this year, but improving fundamentals remain a positive trend for 2012,” said Howard Taft, managing director of Aztec Group, a real estate investment banking firm. “Miami real estate is one of the few markets in the US offering a wide range of opportunities for domestic and international investors.”

“It’s a very vibrant market right now, with a tremendous amount of capital looking for deals,” said Warren Weiser, co-founder of Continental Real Estate Cos. “The money side is fairly disciplined given what we’ve gone through before.”

While aggressive cap rates are at pre-2008 levels, he said, “what is different is that rental rates in certain markets have declined and even stabilized somewhat in some areas.”

The dynamics for retail, office and industrial sectors are similar, Mr. Weiser said; office “has some absorption to go through, but as space gets leased up, rates can start pushing a little higher. The retail market has held up very well, and industrial has not had much new product added to the market.”

Retail in Miami-Dade has the lowest vacancy in the state, and with little new supply and cap rates running 6.25%-7%, it’s likely to remain stable through 2012.

“Miami’s office market continues to favor tenants,” he said. “Vacancy is still double-digit, and that could mean generous tenant improvement allowances and concessions.”

Douglas Campbell, president of Campbell Real Estate Advisory Group, said despite the addition of 600,000 square feet at Brickell World Center, which lifted office vacancy in Brickell’s class A sector to over 30%, rents have not dropped.

In fact, he said, “rates have bottomed out and are on the rise, with diminished concession packages when compared with a year ago at this time. “Class A asking rates on Brickell now exceed $40-$45 per square foot, year one.”
The Coral Gables and Airport West submarkets are following suit, Mr. Campbell said. “Class A vacancy in Coral Gables is still hovering around 15%, and has very few large contiguous space opportunities.

“In all submarkets, absorption of new space is usually due to a tenant relocating from one space to another rather than the introduction of new tenant need coming from outside of this marketplace. Expanded need for space is directly related to our local, national and global economy, which drive GNP as well as local employment trends.”

In Airport West, industrial space under 50,000 square feet, which covers the needs of 60% of tenants, is thriving.

“In that range, rental rates for class A have gone up around 13% from a year ago, and vacancy is as low as 3%. It’s a very active market.” In larger spaces, he said, “things aren’t as rosy.” He put vacancy there at about 8%.

“In my opinion, the next six to 12 months will start to see absorption in the largest spaces, because there are requirements out there that will eventually land somewhere,” Mr. Pino said.

Lease rates for industrial space in Medley have stayed the same but are anticipated to rise soon, said Brian Smith, an executive director with Cushman & Wakefield.

“Medley has seen a lot of transactions this year,” he said, “and occupancy has returned to very healthy levels.” Mr. Smith also reported a dichotomy between smaller and larger spaces.

“In spaces less than 40,000 square feet,” he said, “rental rates will most likely increase in 2013, and it will begin to turn from a tenants’ market towards a landlords’ market.

“There are still multiple options for spaces 75,000 square feet and up, so rents there will remain stagnant until some of these are absorbed.”

Positive indicators for South Florida’s industrial market include the expansion of the Panama Canal, the Port of Miami tunnel and deep-dredging projects, and recent trade agreements with South Korea, Panama and Colombia, Mr. Pino said.

Although the US economy remains weak due to low consumer spending, Mr. Taft said, a lot of investors still want to buy US real estate.

“Some banks are saying it’s a good time to lend,” he said, “because property values are at their lowest ebb, so there’s not much more downside.

“We’re in the bell curve of refinancing. Trillions of dollars of refis will be coming due soon. Some will be easily refinanced, but there will also be opportunities for mezzanine lenders and buyers because owners will be underwater.”

Going forward, Mr. Taft said, the biggest risk is the European financial crisis. “We feel that a recession and collapse will affect many US companies,” he said, “reducing the need for office and industrial space as well as retail space demand.

“Another thing to look out for is the Dodd-Frank Act dealing with regulation of banks. The lack of clarity there will spook a lot of investors. “So we are entering 2012 with three legs on a four-legged chair.”

Click here to view all currently available commercial real estate Miami

Residents of Blue & Green Diamond Towers In Miami Beach

live in the lap of luxury. Located on 500 linear feet of stunning beachfront property on the world renowned Golden Mile in Miami Beach, the 45-story Blue Diamond condos will offer you a gateway to the Atlantic Ocean and access to exciting activities in South Beach and Bal Harbor.

When the Blue Diamond Miami Beach and Green Diamond Miami Beach

were created, detailed attention was given to all of life’s simple pleasures. Amenities include a 16,000 square foot Mediterranean-style spa and clubhouse that includes a state-of-the-art fitness center, sauna and steam rooms, whirlpool tub, private massage/facial rooms, and daily fitness classes including Pilates, yoga, Zumba, and water aerobics. Lighted tennis courts set along beautifully landscaped pathways and a billiard/entertainment center are icing on the cake. Residents also enjoy staffed oceanside pools, beachside cabanas, and the Diamond Café & Market that includes indoor and outdoor dining as well as room service. The Topaz Business Center includes high-speed Internet which can be accessed in the Café Market, on the beach, and poolside. Lobbies in both Blue Diamond towers have recently been renovated to ensure the utmost in luxury.

Many buyers are now taking advantage of the reduced prices of Blue Diamond Miami condominiums and can save as much as 4% on a luxury unit. Each condo unit has ceilings of either 9’ or 10’ in height, a Jacuzzi tub, and European-style kitchens with custom made cabinetry. A variety of floor plans are available so that buyers have the opportunity to personalize their purchase to find exactly what they are looking for.

Buyers have the opportunity to live in or invest in one of the most prestigious addresses in South Florida. Residents have the benefit of feeling like they are on vacation 7 days a week where fantastic shopping, an exciting nightlife, culture and arts, and the most beautiful beaches are always just a few steps away.

Some see it as positive news some are still skeptical about Miami real estate, but the median sales price for condominiums in Miami rose 18% in November 2011. This is the fourth consecutive year-over-year increase, according to a report by the Miami Association of Realtors. Miami’s housing inventory continued its steep decline last month, with sales of single-family homes jumping 11 percent and condo sales increasing 2 percent compared to the same period in 2010. “Residential real estate sales in Miami have consistently risen in Miami-Dade since August 2008,” said Jack Levine, chairman of the board of the Miami Association of Realtors. “Now, after the relatively rapid absorption of excess housing inventory, we are seeing property prices follow the same pattern.” In Broward County, the median sales price for condos rose 19 percent, with an 18 percent increase for single-family homes.

Couple that with strong per-construction sales data and it’s almost like going back to 2004. There were more than 500 preconstruction contracts and reservations which were collected at the six newly proposed condo towers in the tricounty South Florida region.

The preconstruction purchase commitments represent at least 46 percent of the 1,150 proposed units currently being marketed for presales in Miami-Dade, Broward, and Palm Beach counties, according to a new survey of planned developments conducted by the licensed Florida real estate brokerage CVR Realty™.

“Buyer demand for the newly proposed condo towers appears to be stronger than most people would probably think given today’s economic climate and remaining unsold developer inventory from the last South Florida real estate boom. The survey suggests that every proposed project is currently selling at prices between $300 and $440 per square foot for the lower-end projects and between $800 and $1,500 for the higher-end projects in Sunny Isles Beach.

On a project-by-project basis, leading the way in presales is the proposed 96-unit 23 Biscayne Bay tower – which began construction in June 2011 – in the Biscayne Boulevard Corridor of Greater Downtown Miami that has presold 100 percent of the planned units, according to the survey.

The proposed 192-unit MyBrickell tower in the Brickell Avenue Area of Greater Downtown Miami has presold more than 70 percent of the planned units, according to the survey.

The proposed 49-unit Apogee Beach tower – which began construction in December 2011 – in the city of Hollywood in Southeast Broward County has presold more than 61 percent of the planned units, according to the survey.

The proposed 369-unit Sky Palace At Mary Brickell Village project in the Brickell Avenue Area of Greater Downtown Miami has presold some 51 percent of the planned units, according to the survey.

The proposed 374-unit BrickellHouse tower in the Brickell Avenue Area of Greater Downtown Miami has presold some 21 percent of the planned units, according to the survey.

The proposed 70-unit Bellini At Williams Island tower – which began construction in December 2011 – in the city of Aventura in Northeast Miami-Dade County declined to provide presale figures, according to the survey.

An additional 14 projects with more than 3,000 units have been proposed for the South Florida area but have not yet begun presales, according to the report.

Fueled by a surge in cash buyers from overseas and prospects of Las Vegas-style casinos being permitted in South Florida, developers are proposing a combined 20 new towers in Miami-Dade, Broward, and Palm Beach counties with 10 projects in Greater Downtown Miami, four towers in Sunny Isles Beach, two towers in Miami Beach, two towers in West Palm Beach, and one tower each in Hollywood and Aventura.

Please contact Sunny Realty for more information: 1.877.368.2318 or info@SunnyRealty.com