The year 2010 proved rather successful for The Point development in Aventura, Florida.  Several South Florida real estate buyers invested in condos at each of The Point’s five towers and it’s easy to see why.

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A new record was recently broken in the South Florida real estate market when I closed on 3903 Island Estates Drive in Aventura in December, it became the highest priced sale on an Aventura single family home since 2006 and the 2nd highest priced sale for a single family home ever.

This gorgeous 6 bedroom, 8.5 bathroom new construction home sold for $4,350,000 in December, it was a cash transaction.

Luxury Home Sales Picking Up in South Florida

Our recent closing on 3903 Island Estates Drive illustrates a larger trend in the Aventura real estate market.  Wealthy home buyers are returning to the luxury housing market en masse.  Why? Because this is the perfect environment for buying a luxury South Florida property:

• A stronger stock market has boosted home buyer confidence
• Low interest rates have created a buyer’s market in Aventura, Florida
• Signs abound that prices for luxury properties have bottomed out , giving South Florida home buyers yet another reason to enter the market.

All of this has led to an increase in home and condo sales in Miami-Dade and Palm Beach counties.  In December, there were at least 5 condo sales in Palm Beach County that sold for more than $2 million.  Twenty-five houses also sold for more than $2 million in Palm Beach County.

In Miami-Dade County, at least 10 homes and 15 condos sold for more than $2 million in December.

The spike in real estate activity can be largely attributed to foreign buyers such as Canadians and Brazilians wanting to take advantage of the low prices on condos, said Ron Shuffield, president of our company, Esslinger-Wooten-Maxwell, Inc. Realtors. That factor definitely played a role in the recent sale of 3903 Island Estates Drive: the buyer was Brazillian.

Buying an Aventura, Florida Property For Sale

Given the allure of buying a high-end property in Aventura, it’s easy to understand why the inventory of luxury properties for sale is falling.  Contact me, Scott Patterson, today to learn about available listings in Aventura, as well as our other beautiful South Forida communities, such as Hallandale and Golden Beach.

Given its relatively small size, Golden Beach in South Florida sure has been a prominent force in the South Florida real estate market.  From major town renovations to celebrity residents, the coastal town has continued to show a commitment to excellence for its residents.  Today, Golden Beach is one of the most exclusive communities in South Florida.

I recently analyzed all of the 2010 sales data for the Golden Beach real estate market, which I’ve provided below.  If you are in the market to buy or sell real estate in Golden Beach, you’ll definitely want to check out this information before you enter the market.

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The year 2010 showed positive signs of growth in the South Florida real estate market.  We sold twice as many homes in 2010 than we did two and a half years ago, according to Ron Shuffield, president of our company, Esslinger-Wooten-Maxwell, Inc. Realtors

What does that mean for the Miami Dade and Broward County home buyer?  Lower list prices on South Florida homes for sale coupled with record low interest rates has created an amazing South Florida home buyers market.  And the value on these South Florida homes is only going to rise.

Learn more about why our company’s president believes values on Florida homes will continue to increase through 2011 by watching the video below.

If you’re interested in learning more about South Florida real estate, contact me, Scott Patterson, your South Florida real estate expert, today.  I’ll let you know about all of the available listings in the beautiful communities of  Aventura, Golden Isles, Golden Beach, Hollywood Lakes, Harbor Islands and more!