The real estate market of Downtown Miami in Florida has experienced consistently high growth figures, for the past several years, these growth figures have consistently hovered around double digit figures. This has also led to an unprecedented boom, in the construction of condominiums in this region. The good news for Bayshore real estate investors is that the condominiums continue to sell at the same unprecedented rates, at which they are being constructed. In fact there are frequent instances of condominiums selling out completely within a few days.
The rate at which urban redevelopment and transformation is undergoing currently at Downtown Miami, is going to turn it into an entirely different and maybe unrecognizable city in a few years. Real estate pundits have predicted that over the next ten years, the Greater Miami real estate market would witness the introduction of about 90 new, high-end, Miami condo buildings.
They will come up chiefly in areas such as Downtown Miami, Brickell, the Miami Design District, Wynwood, Edgewater, and Coral Gables. Apart from that, there are projects that involve the construction of promenades, shopping centers, offices and condos which are contributing heavily to giving an entirely new look to the Miami Bayshore real estate market.
Downtown Miami Condos, Luxury High-Rises With Style
If you would like to invest in condominiums in Downtown Miami area, then irrespective of the fact, whether you are new in the market or you are an experienced investor, you should consult professionals who have the expertise and background, as well as extensive resources that would help you achieve your real estate goals. However, finding a real estate agent who has the experience and skills, required to help you achieve your goals, can turn out to be as challenging a process, as the buying of your home. You should look for a real estate agent who can offer you a full range of real estate and other associated services, which can be customized to meet varying requirements of individual clients.
A well established real estate agent in Bayshore can also help you in selling your property, as they would have a well connected international network of eligible buyers, and they would be able to market your Miami condo to this huge network of willing buyers.
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Downtown Miami condos and Brickell condos are now selling at a faster pace than before as more and more people are recognizing the great value that the new condos in these areas represent compared to more pricey locations like South Beach. Basically you get more for your money, a newer building, a great location and in most cases more space not to mention the amazing views that these new residential high-rises have to offer. Having the beach just a short drive away and paying almost ¼ per square feet in most cases compared to a new South Beach condo has seal the deal for many new buyers of downtown Miami condos.
Amazing Brickell condos like the Icon Brickell are seeing more and more activity after severe price reductions. This kind of luxury living is now more affordable than ever before in a building that has no comparison, it is like a small luxury city with everything imaginable inside, even a trendy night club on the roof top of the third tower and the largest residential swimming pool in all Florida. Other magnificent downtown Miami condos like the Everglades on the Bay have also seen their prices drop to a more affordable level and new residents are moving in. The once empty and lonely residential towers are now beginning to be full of life and activity. The 24 hour downtown Miami dream is now turning into a reality as each day passes and the Miami real estate market recovers and more people decide to call this exciting place home.