There has been a lot going on in Miami from basketball power moves to real estate heating up once again, and everything in between. Staying true to its name there is definitely something magical in the air.

 

These Miami new times remind me of the late 90's when the Magic City was on the cusp of a housing boom and buyers couldn't get enough.  MDA Dataquick reports sales in the 1st quarter 2010 rose 30 percent from last in Miami-Dade.  Sales in the Miami area have been rising for 13 months straight and pricing are finally beginning to stabilize.

 

Condos are making a big comeback in sales, up 55 percent month to month and 62 percent from a year ago.  Thank the all cash foreign buyers for that.  And they're hitting the high-end as well.  Absentee buyers, often investors, accounted for more than one third of sales. 

 

Prices are still rock bottom, down by more than 56 pecent from the peak.  But the good news is prices are holding steady.  Is it all the tax credit?  Probably not since investors don't qualify.

 

Viva Miami,

 

Andre' Shambley, Realtor

(786)704-8482 



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Miami's Downtown Condos Come Alive 

The 7,000 unsold condos in Miami’s core -- a symbol of a building boom that collapsed and dragged the city into recession -- are filling up and giving life to neighborhoods that previously closed after dark. New, year-round residents are cramming into restaurants, nightclubs and bars that didn’t exist a few years ago, and enjoying a lifestyle made possible in part by developers and banks seeking to recoup losses by renting luxury dwellings until the market recovers.

 

Read the whole story: Bloomberg.com 
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10 Miami Mansions Lebron James Could Move Into Now

Job well done Pat Riley!  Courtesy of the follks at Trulia, the online real estate company, we've got 10 ridiculously expensive mansions that are fit for Miami's own King James.  Each of these pads will certainly be affordable for the NBA player with aspirations to be a "global icon" and who signed a $90 million endorsement deal with Nike when he was just 18 years old.


Which isn't to say these mansions would be affordable for the rest of the NBA.  Which pricey palace should Lebron choose?  Click the link below to check out Trulia's list -- and visit www.OnePlaceOpenHouse.com for more real estate info.

 Lebron James Miami Mansions






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If you are interested in selling or buying a home or condo in the Miami area we would love the opportunity to meet with you and discuss your real estate needs.  From mortgage, relocationand residential services our peace of mind full service real estate brokerage has you covered.  Call today or contact via email for a free consultation.

For the inside scoop on real estate deals both on and off the MLS follow us on Twitter @ We_Sell_Miami and join ourFacebook page "We Sell Miami".

 

2875 NE 191 St

 

Aventura, Florida 33180

Miami Best Real Estate Team

ERA Herman Group Real Estate


Direct: (786) 704-8482

Email: MiamiBestTeam@aol.com

 

www.OnePlaceOpenHouse.com


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Close your real estate transaction with Miami Best Real Estate Team/ERA Herman Group and Access e*Mortgage and we will refund your appraisal fee at closing.  Or make a donation to a charity of your choice on your behalf

 

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