Miami Real Estate

Miami Homes

Miami Condos

Miami MLS

Miami real estate, with it's beautiful homes and condos, and the surrounding metropolitan area sits between the Miami River, Biscayne Bay, the Everglades and the Atlantic Ocean. It is the second largest city in Florida and the county seat (and largest city) of Miami-Dade County. It is also the largest city in the South Florida metropolitan area, which is comprised of Miami-Dade County, Broward County, and Palm Beach County making up the largest metropolitan area in the Southeastern United States. Miami, which is also known as the Magic City, was originally occupied by the Tequesta Indians. In the1960's and 1970's, Miami's population was sparse.

The Miami real estate market began when Julia Tuttle, a local landowner, persuaded the founder of Standard Oil to expand his railroad to Miami and build his own resort. On July 28, 1896, Miami's real estate market was given life. Miami grew rapidly in its first 30 years. After World War II, Miami's real estate was fueled by the area's perfect weather and tranquil beachfront location. However, the real estate development was cut short by a destructive hurricane followed by the Great Depression. In the mid-1930's, the Art Deco buildings were constructed and this boom in the real estate continued until 1942. After World War II, thousands of Miami's soldiers settled in the city. In 1950, the once called City of Magic became the "Crime Capital" when thousands of gangsters and gamblers moved to Miami.

By the late 1980's, Miami rose to international popularity when a movie was set in the city and gave Miami the deserving attention it wanted and needed. People from all over the US moved to Miami and tourists were coming to experience the place. Today, Miami stands as the third most popular tourist spot in the US after New York and Los Angeles.

Downtown Miami Views Of Brickell Avenue

Introduction To Miami

The real estate boom in Miami has ended. The copy below will give you a good idea of where Miami real estate was just a few years ago.

Miami Real Estate Boom (The Boom That Was - Circa 2004)

The number of real estate projects being developed all throughout the city proves Miami's exceptional growth. Last year, the Planning Department reviewed 104 major development projects. Out of the 104, the City Commission approved 25 projects.

The approved 104 projects gave way to 20,100 new residential units, 800 hotel rooms, and 12,800 parking spaces. All the approved developmental projects amounted to a total construction cost of US$7.8 billion. Miami caters to all real estate investors by providing numerous opportunities to buy and sell properties. With a variety of single-family homes, commercial spaces, waterfront homes, and condominiums, both the realtors and homebuyers are provided with a number of choices. During the first months of 2005, the Miami condominium market started to heat up.

Last month, a total of 19,660 condo units were just finished, is still under construction, and in the planning stage. New condominium constructions such as Brickell CitiCenter, Icon Brickell, Soleil, Urban River, and Ehden Placea won approval for new units. With the new developments in Miami real estate, the values are expected to increase which would demonstrate real estate developer's timely and accurate investment judgment.

Values of each condo unit have averaged at about US$300,000. Investment experts say the boom in the Florida real estate market is because of economic factors and demographic causes. Developers expect the real estate values to continue growing as the projects are being developed. However, with Miami's real estate history, the city would always find a way to stand up against the market drop off and continue to develop their magnificently popular city.