The City of Miami Beach is considered as one of the most glamorous urban living locations in America and worldwide as well. The city has districts which abound with a healthy assortment of famous resorts, restaurants, hotels and luxurious condominiums and homes on and off of the waterfront.

Owning a Miami Beach condominium or housing unit has become very popular in the past few years, and the real estate market here has attracted not only Americans, but a lot of foreign buyers as well. This is in large part due to the fact that Miami Beach has been voted several times as having one of the top 10 beaches in the world.

Healthy Real Estate Options Abound In Miami Beach

The Miami Beach real estate market is a truly diverse one. Since this area is known as "America's Playground", people from all walks of life, most particularly those coming from Europe and South America decide to live here, and buy from the wide array of apartments, seafront estates and upscale condominiums.

Usually, a prospective homeowners' first priority is finding a desired place to live. Whether you plan to rent an apartment or purchase a luxurious mansion or pricey condo unit, the initial home search would be best started by selecting a neighborhood. The Neighborhood Guide from the Greater Miami Convention and Visitors Bureau is a good venue to start looking. Once prospective homeowners make a selection, try take a look at the Apartment Hunting and Real Estate subject pages to locate the perfect spot for your dream home.

Facts About Current Housing Prices In Miami Beach

At present, the overall real estate picture has been stable in in Miami Beach, and prices have not wavered that high on the median index. Currently, single-family owner-occupied homes have a median value of $334,400 vs. $119,600 for the US. median monthly owner costs are $2,555 with mortgage, or $878 without mortgage.

The median asking price for vacant for-sale houses and condos, as of 2005 is $328,300. Median contract rent rates, as of 2005 are $764, wherein the lower quartile is $603, and upper quartile is $937.

For a better estimate and view of the wide array of real property choices in the Miami beach area, it is notable to check on online guides as miamirealestateinc.com and other Miami Beach property online guides. The biggest economic force behind Miami Beach's growth is the tourism market.

Dubbed as the New Manhattan by the US property media. The Greater Miami association of Realtors estimates that the Miami Beach property boom will generate the addition of more than 100,000 homes to Miami. A lot of these Miami real estate developments are built with foreign buyers in mind, since exchange rates are quite favorable in Europe and Asia, this explains the flood of foreign buyers on the residences being sold.

Miami Beach exemplifies the sunny, active South Florida lifestyle. Sun, sand, lovely people, partying, and a complete array of water sports. Located across sparkling Biscayne Bay from Miami, Miami Beach is an independent island city complete with local government, police and fire services, hospitals, shopping, parks, and marinas. Most of the housing stock on Miami Beach consists of expensive single family homes on the west side of the island and condos and apartments farther east.

Miami Beach Real Estate - http://luxurylivingrealty.net

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