mrdowntown

© arnet117

According to the Florida company Condo Vultures, the average resale asking price for Florida condos or townhouses near the coast in South Florida is almost four times more than the listing price of similar units in the suburbs of the tricounty region.

A typical unit on the coast is going for $523,800 on average, while just miles away, west of I-95, the same unit can sell for a list price of $118,200. This is clearly a tale of two markets, and South Florida's double-digit unemployment rate that hovers above the national average is the root of the price differential. Basically, the coastal market has received an infusion of all-cash investors and second-home buyers who are less vulnerable to the economic downturn, while condo owners in suburbia are the middle class who continue to struggle just o hold onto their homes and jobs.

This entry was posted on Wednesday, December 28th, 2011 at 8:16 pm and is filed under Florida Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

© arnet117

Optibase Real Estate Miami, which is a wholly-owned subsidiary of an Israeli-based real estate investment firm, has paid cash to purchase 21 luxury condo units at the Marquis Residences on Biscayne Blvd. In downtown Miami, for $8.6 million. International investor interest in luxury South Florida condos has continued to be strong. In this case, the buyer plans to hold the units for investment purposes as it has with similar investments in Europe and North America.

The current market conditions are very appealing to strategic global buyers who are looking to invest in well-located luxury properties, and many of them are paying cash to get the best value. The Miami-Fort Lauderdale area leads the nation in cash residential real estate transactions, with more than 54% of the purchases in 2010 being cash deals from domestic and foreign buyers.

This entry was posted on Wednesday, November 2nd, 2011 at 12:39 pm and is filed under Florida Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

© nancyarora2020

Real estate has always been of importance to every human being. People are always looking for an improvement to life. Real estate is now considered as an aspect of investment. It is true that proper investment in real estate can reap good returns in the long run. Residential and commercial real estate always maintain a steady growth and hence can be visualized as one of the better investment options.

Florida real estate is one of the best places to invest in. Miles of white sandy beaches with crystal clear blue water along with warm tropical winds makes your stay there pleasurable. Amusement parks such as Disney world are a few places to mention. Lush greenery with loads of flora and fauna makes your home a perfect place to live in. You only have to make sure the place of the real estate you are going to purchase is the perfect one and has the possibility of better returns in future.

This entry was posted on Thursday, October 6th, 2011 at 12:58 pm and is filed under Florida Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.