Miami Real Estate Outlook 2010

In his real estate forecast for 2010, chief economist, Lawrence Yun, of the National Association of Realtors expects a continued boost of existing home sales pushing more than 20 percent in the first half of 2010 compared to the same period last year. Yun further anticipates the national median existing home price could rise 2 to 4 percent in 2010.

The Southeast Florida real estate market is significantly impacted by international buyers and second home seekers. Cities like Aventura, Sunny Isles Beach, Bal Harbour and Miami Beach are banking on foreign nationals from South America, Europe and Asia to further increase real estate sales. In November 2009 alone, pending sales of condominiums in Miami-Dade County were registered at 4,414 units. Single-family pending homes sales accounted for 3,874 units. For Broward County the numbers were 3,394 pending single-family home sales and 3,871 pending condominium sales.

The ultra-luxurious Jade Beach Condo Tower in Sunny Isles Beach announced last month that it nearly sold out all of its condominium units during the most challenging economic times in recent history.

As other parts of the country do not have what the Sunshine State can boast with, a mild winter climate, a constant flow of tourists and being the Gateway to the South Americas – especially booming Brazil, those predictions from the National Association of Realtors could be significantly higher for the greater Miami real estate market, which is already leading the recovery of the housing market for the nation.

Brosda & Bentley Realtors, one of the leading full-service real estate companies in Miami predicts that home prices especially in newer buildings in North Miami Beach are close to stabilizing and sales, particularly of trophy condominium properties are on the rise. An extensive advertising campaign in [Eastern] Europe and South America at the beginning of autumn now brings prospects to the Miami offices of the company that specializes in luxurious properties.  

###

Click here for more information: Miami Real Estate

About Brosda & Bentley Realtors®

Brosda & Bentley Realtors® is the premier Miami real estate authority for home buying, home selling, financing and property listings. Whether it's a house an estate, beachfront mansion, luxurious oceanfront condo, pristine pre-construction, commercial or any other type of property, a Brosda & Bentley™ Real Estate Consultants can assist you with all your real estate needs in the Greater Miami area and the Beaches. Brosda & Bentley Realtors® is specialized in luxurious developments like Acqualina, Apogee South Beach, Continuum Towers SoBe, Fisher Island, Fontainebleau, Gansevoort SoBe, ICON South Beach, Jade Beach, Jade Ocean Sunny Isles, Ocean IV, Trump Palace, Trump Royale, Trump Hollywood, Trump Towers Miami, Turnberry Ocean Colony, Ten Museum Park, St. Regis Bal Harbour, Portofino Tower, St. Tropez Condo Sunny Isles Beach and many, many more.

On a worldwide scale Brosda & Bentley™ is a leading professional real estate services firm specializing in marketing planned unit developments, residential and commercial properties located in exclusive real estate markets throughout the globe.