St. Regis Bal Harbour Resort Tops Sales Predictions and Foreign Real Estate Buyers

Bal Harbour, Florida – The Miami Real Estate Market is still growing despite the unfriendly Government. In fact a certain address 9703 Collins Avenue in Bal Harbour is beating the Miami Heat. This real estate development is just north of Miami Beach, with the Florida Zip Code of 33154. The Address will be the Experience that luxury Home Owners require. The St. Regis Bal Harbour Resort, in the Miami Beach area will feature a total of 243 elegantly appointed guest accommodations.

Bal Harbour Beauty with All The Amenities

This Bal Harbour real estate development will have resort style Units which all include spacious glass-enclosed balconies. The Inits will offer remarkable floor to ceiling panoramic views of the ocean and the soft white sand beach. These Bal Harbour Units encompass king and double queen rooms, king studios, one and two bedroom suites, and a two bedroom Presidential Suite. Studios and suites boast kitchenettes and all suites include dining and living areas as well as a full separate bathroom.

Sales Skyrocket at the St. Regis Bal Harbour Resort

The St. Regis Bal Harbour Resort and Residences has recently arrived at $623 million in real estate sales in just its first seven months. This Miami Beach area Starwood property, which is comprised of three towers, sold 170 units for an average price of more than $1,435 per square foot. These Miami Real Estate Sales have come since November of 2011. The Miami Dade County records reflect these sales. The St. Regis Bal Harbour Resort Unit sales ranged from $1.35 million to $13.5 million which is an eye opener given the US economy,

Getting The Maximum Price For Miami Beach Condos

This Miami real estate project has a total of 500 units, including condos, hotel rooms and fractional condo units. The resort and real estate development officially opened in January of 2012 and was the most anticipated hotel opening of 2012. Even Forbes reported the excellent progress at The St. Regis Bal Harbour Resort, Miami Beach, has arrived as we all knew it would. These Condos offer a peerless haven of oceanfront elegance, quiet unwavering taste, anticipatory service and very seductive amenities.

Bal Harbour Condos Close to Top Shopping Destination and Restaurants

This exclusive enclave is directly across from the well known Bal Harbour Shops which is one of the best shopping destinations in the Country. This Miami Property is just mere minutes from the fluent energy of South Beach, and close to downtown Miami. The Miami Condo Owners will also enjoy the area’s many premier events such as the world-renowned Art Basel.

Foreign Real Estate Buyers Push For Miami Condo Deals

Foreign nationals spent about $82.5 billion in the 12-month period ending in March 2012-up about 24 percent from the $66 billion they spent the year before-but only 9 percent of all residential real estate sales come from international buyers, according to a recent report from the National Association of Realtors. Manu Foreign Real Estate Buyers look at the United States real estate market as a reasonably safe place to invest their money.

U.S. Investors Are Falling Behind Foreign Buyers In Miami

On top of the facts, we realize that domestic buyers have much greater challenges to face than an influx of investment money from abroad. As mentioned above with a Government that is unfriendly to business, Foreign Investors have the advantage, What’s pushing out many of the domestic buyers is the poor economy, too many regulations, and slow job growth. The Mortgage Brokers and bank loans are still very stringent with their lending. The Miami Real Estate Market is seeing the Foreign Investors grab up the luxury condos and houses.