NEW YORK — The latest condo listings on the Internet are a great place to start when looking for a home in the city.
But if you’re looking for something in Miami that’s a bit different, like a vacation home, that’s even better.
In the past, the Miami real estate market was dominated by big-box stores and high-end vacation homes, but the new trend is more like smaller-scale, mid-range vacation homes and condos.
“The condo market is really a lot of the same stuff that’s been happening in the market for years,” said Tom Graziano, managing broker with Miami-based Cushman & Nash Real Estate Group.
“The new people are not going to come out of the woodwork with all the big-name, high-rent, luxury vacation homes.
The condo market will be very, very similar to what it was in the past.”
The condo boom is fueled in part by a surge in buyers looking for the same type of luxury vacation home in a more affordable price range.
“It’s not that condos are cheap,” said Grazio.
“There are still some things you can do to make sure you’re getting the best value.
But if you have a couple of months to kill before you go out and buy a condo, you may be able to get the best deal.”
For example, if you are looking for one in the heart of downtown, it may be possible to get an apartment for $1.3 million.
If you want one on the beach, it could be possible for you to get a condo for $2 million.
But it’s not the condo market that is the big draw.
The trend is to build smaller condos and condominium units, with larger homes offering the same amenities as larger homes.
“What we’ve seen is that a lot more people are starting to look at smaller homes,” said John Ragan, managing director at Cushnahan &.
Nash Real Property Group.
“I think that’s going to be a good trend moving forward.”
And what’s that, new condo listings in Miami?
You guessed it: the condo boom.
There are more listings available online than ever before, according to real estate firm CBRE.
“We’re seeing an increase in the number of condos in the marketplace, and the trend is still pretty strong,” said Ragan.
In fact, there have been more than 4,000 condo listings for sale in Miami this year compared to the same time last year.
But there are some caveats.
You may not find a condo on your own or with the right qualifications.
There is also a limit on how many condos you can list.
And the more condos you have, the more you can spend to buy them.
“If you’re really focused on price, it’s going the opposite direction,” said Cushmahn & Nash Realestate Group’s Graziani.
“You can do a lot with a limited number of units, and you can’t spend money like you can in a large, well-designed building.”
But even if you do spend money, don’t get too attached.
“You can’t make the same mistake as the average Joe in the suburbs,” said Paul Zuckerman, president of Cushmans Real Estate Services.
“If you are a big fan of the big box, you’re going to get what you paid for.
It’s a different type of market.”
And don’t forget, you still need to live in Miami for the condos to sell.
So if you want to take advantage of the condo-buying frenzy, here are the top six things to look for:1.
The number of condo units in Miami increases each year.
It is the highest number of homes listed online in the United States.2.
The average condo in Miami costs about $1,300 per square foot.
That is a big increase from last year when the average condo cost $1