In a slow housing market, one type of buyer is still bullish on America -- foreigners. According to a new study by the National Association of Realtors, about one in five American real estate agents sold a second home in 2007 to a foreign buyer, defined as someone who has legally entered the United States to buy a home. A quarter of the agents surveyed said their business with overseas buyers had increased over the past five years.
The average price for a condo on the market in Bal Harbour is $1.3m; in Sunny Isles Beach, $246,528,180.00 worth of condo real estate was sold in 2007, up 10.2% and the average value of a condo in Sunny Isles Beach is up 30.9% or $690,555.00. In Aventura 651 apartments were sold/leased in 2007 and the average sales price for a condo in Aventura is $477,699.00 (Source: NAR).
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