50 Biscayne Luxury Condos Miami, Luxury Apartments Miami

Over the past two and a half years I have seen Miami’s condo market turned upside down. In our once robust and booming market there was an air of invulnerability, Miami was to be reborn a new vibrant city full of opportunity. Alas, this was not to be. Homeowner and developers alike have seen their equity vanish nearly as quickly as it came. Now its 2010 and once again the word on the street is that the worst of the Luxury Condo Miami real estate market is behind us and everything is rosy. I beg to differ. For all of those that purchased in the peak of the market, we are still in the worst of it. Prices are not rising and there distressed sales still account for the majority of sales activity. In fact, over the past 18 months developer and banks have learned that the only way they could sell of their remaining inventory is by significantly lowering their prices – good for the buyer that waited, bad for everyone that closed at the original price, bad for the bank and the developer.


Why do I think this is a good thing? Like removing a wart, the sooner the problem with this market is dealt with, the sooner we can get back to normal Miami market conditions. It may be painful to watch, but good will eventually come out of this.Here is a short list of some of the best Luxury Apartments Miami condo buys in Miami. 50 Biscayne Condo the real estate market in the greater Miami area shows that the sale of luxury 50 Biscayne Condos is on the rise. Seeing significant increases in the number of units being sold, which serves as an indicator to the national market that real estate is finally on the rise. The Miami area has long been one of the leading markets to see changes in the real estate world, and sales increases here certainly signify that the market is ready to start seeing an increase in national numbers as well.