Mar 07

Sales Center Now Open for the St. Regis Bal Harbour Resort in South Florida

By Scott Patterson

For months, South Florida residents have been waiting for the completion of the prestigious  St. Regis Bal Harbour Resort, a luxury hotel and condominium community in South Florida.

The wait is nearly over!  According to a recent article in The Miami Herald, the sales center at The St. Regis Bal Harbour Resort recently opened.  And  developers appear to be putting the final touches on The  St. Regis, right down to the  resort’s lush landscaping.

Residential closings are expected to begin this fall at the exclusive waterfront resort, with prices starting at about $1.9 million.

World Class Amenities Abound at the Residences at the St. Regis Bal Harbour Resort

There are 270 homes available at The St. Regis, ranging  from one to five bedrooms.  Square footage in these amazing homes range from 1,777 to 6,868 square feet.

This is a fantastic addition to the already exclusive Bal Harbour community.  The 27-story resort will offer its residents only the finest in luxury living, including:

  • Easy access to the trendy Bal Harbour Shops
  • 10-foot ceilings
  • European style kitchens
  • 12,000 square foot Remede spa
  • Marble and granite counter tops
  • Valet and security services
  • Resident only pools
  • State-of- the-art fitness center
  • And so much more!

Bal Harbour Real Estate

The opening of The St. Regis  is a wonderful thing for Bal Harbour because  it signals that the South Florida community is still a leader in luxury, waterfront living.

The Residences at the St. Regis join an elite group of high-end luxury condominiums, including the Bellini.

If you’d like to learn more about this amazing new community in Bal Harbour, Florida and other luxury South Florida condominiums, contact me, Scott Patterson, your South Florida real estate expert.

Mar 04

South Florida Home and Condo Sales Start Strong in 2011

By Scott Patterson

The year 2011 is off to a good start in the South Florida real estate market, according to a recent article in The Miami Herald.

The number of luxury condominiums and home sales in South Florida is resembling those levels seen in 2005. In fact, sales figures in Miami-Dade and Broward counties haven’t been this high in five years.

There were 1,262 sales of existing condos in Miami-Dade County in January, which is a 134 percent increase from January 2010, according to the Miami Association of Realtors

In Broward County, there were 1,318 condo sales in January, which is a 27 percent from the same month last year.

Single-family home sales in Miami-Dade and Broward counties increased by  55 percent and 18 percent respectively from January 2010.

A Shift to a Home Sellers Market?

Although area foreclosures continue to pull the median sales price for South Florida homes downward, experts are saying that the increased activity in South Florida home sales as well as the shrinking inventory of homes on the market may have a counter effect.

As South Florida home prices begin to rise, the market might switch from being a buyer’s market to a seller’s market.

South American buyers, enjoying a favorable conversion rate to the U.S. dollar, are expediting this switchover by investing in the South Florida real estate market in large numbers.

Still, the South Florida real estate market seems to be a buyer’s market at this point, as evident by some recently released data:

  • The median sales price on Miami-Dade condos was $91,200 in January, which was a decrease of 36 percent from 2010.
  • In Broward County, the median sales price rose slightly – by 2 percent – to $68,900.
  • The median sales price for Miami-Dade single family homes fell 18 percent to $150,800 when compared to January 2010.
  • The median sales price for Broward County single family homes dopped by 5 percent to $165,100.

Ready to Enter the South Florida Real Estate Market?

If you’re the kind of home buyer who loves a good deal, now is a great time to enter the real estate market.  Prices are still low, more financing has opened up and interest rates are still at record lows.
Recent signs in the market, however, suggest that the South Florida real estate market is shifting toward a seller’s market.  Once that happens, prices on luxury condominiums and homes will inevitably rise.
Contact me, Scott Patterson, your Aventura real estate expert, today to learn about available listings in some of our luxury Aventura condominiums, including:

While you’re at it, feel free to check out some of the other amazing South Florida communities, including Bal Harbour, Golden Beach, Hallandale and Hollywood.


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