Luxury home buying market expanding as consumer confidence grows
Miami Beach, FL -- (SBWIRE) -- 04/01/2014 -- According to recent sales statistics released, nearly 400 hundred houses and condos priced at over $1 million sold in a twelve month period ending in September, 2013 than did in the previous one year period in the luxury Miami housing market. On average, according to this report from Christie’s International Real Estate, more than 4 homes priced over a million dollars sell every day in Metro Miami market. This came as no surprise to Josh Stein Realtor (www.joshsteinrealtor.com) who commented, "Miami Beach and really the whole Miami area has so much to offer for a great quality of life – in fact, it’s among the top ten places to live in the entire country."
Stein goes on to describe the luxury buying market in Miami. "We had a few years of hesitation in the buyer's market, but the confidence is back. Sellers are once again listing their luxury condos on the market and buyers are snapping them up, often with cash purchases. Take the The St. Regis Bal Harbour, one of the newest luxury condos in Miami Beach. It has has quickly become one of the most popular fine living destinations in South Florida. This modern high-rise has it all – a prime location, resort-style amenities, and peerless luxurious residences.
Stein goes on to say today's luxury home buyer wants more from his purchase, such as what is found at St. Regis Bal Harbour. "The resort-like amenities are a must have for most owners these days. They want to be in walking distance of the famous beaches, but they also want the heated swimming pools they can use year round. They expect the state-of-the-art fitness centers and banquet facilities along with the award-winning landscape design. It's all part of a package deal." While Stein says some owners purchase the properties for investment and rental properties, still others expect the homes to be their full-time residences.
The prime real estate is situated on nine plus acres of prime oceanfront property, consisting of three towers with a total of 230 residences. Each home ranges from one to three bedrooms with 839 to 3,884 square feet. The ultra-exclusive St. Regis Bal Harbour Residences is comprised of 268 private residences and 37 condominium-hotel suites. Stein states the wide variety of floor plans ensures buyers they will find a layout that suits their needs and preferences.
About Josh Stein Realtor
Josh Stein has been a Miami Beach Real Estate Agent for 12 years and has sold millions of dollars in Miami Real Estate. With targeted international real estate websites in nearly every language, including Italian, French, Russian and Portuguese, Josh positions himself on a global stage, helping him to become a top producer in high-end sales for ten consecutive years. In that time, he has sold more than $75 million in luxury properties and has launched the leading real estate marketing firm Ciao Bella Marketing. He has appeared in The Miami Herald, The New York Times and the Telegraph of London.