MIAMI IS FOR SALE, ONE BUILDING AT A TIME

By Gustavo Farfan

Artech, a state-of-the-art new development in Aventura whose architecture resembles the shape of a luxury cruise ship, is following the $200 per Square Foot building sell-out trend that started with the Brickell developments such as Brickell on the River, Mynt, 500 Brickell, Ivy,etc. whose prices were also drastically reduced to be sold-out almost overnight.

In today's ever changing Miami marketplace, when the banks take control of the prices of a given development (call it developer short sales) they reduce the prices drastically. When the prices reach around $200 per Square Foot levels, the whole building sells like magic.

The sell-out of these buildings in Miami is so fast, that if you enter a sales center it looks more like a Publix supermarket. The sure sign that the buyers are flocking into their offices is when the sales people no longer answer the phones or do not return messages. Developer sales teams that were starving for three years, are now taking advantage of the opportunity of finally having buyers fight for the chance to buy units at below construction costs and have kept their offices open until close to midnight in many cases.

The next buildings that we think will follow the trend, has to be Infinity at Brickell and Everglades on the Bay. These two brand new developments have already UN-OFFICIALLY reached the "magic number" levels of $200 per Square Foot. Be among the first buyers to benefit from this one-in-a-life time opportunity by calling me to reserve your new apartment in Miami at the lowest price ever!

Gustavo Farfan

HRP Realty Services

786-200-8700