Miami Beach Update- Summer, 2007
Miami Beach especially continues to draw strong interest from retirees, baby boomers and second-home buyers, pointed out Allan Kleer, PA, leader of the TheKleerTeam based out of Fortune International Realty in Miami Beach. "The wave of speculative investors seeking a quick profit are gone for now, and we have a more need-driven market, with buyers interested in investing in a personal dream and finding a home that has been realistically priced according to closed sales of 2004/2005". Waterfront homes in particular on Palm, Star, Hibiscus, the Venetian and Normandy Islands continue to be highly desired real estate. Waterfront luxury homes that are priced according to CLOSED sales of 2004/2005 continue to draw strong demand from buyers.
The warm winter weather, beaches, and expanding list of attractions in the area such as the New Performing Arts Center, Parrot Jungle Island, and the many new (world class) hotel properties such as Viceroy South Beach, Setai, The Mondrian Hotel, Canyon Ranch, Cipriani, W Hotel & Residences, the Ritz-Carltons in South Beach, Coconut Grove, & Key Biscayne, The Four Seasons and many others is building very quickly. We believe that in the next few years, Greater Miami and the Beaches will reach a critical mass that will solidify our appeal to the upscale, cosmopolitan and demanding world-class clientele that come here from New York, Chicago, London, Madrid, Paris, Rome, Moscow, Buenos Aires, Caracas, Bogota, and Los Angeles.
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