Now is an exciting time to buy in South Florida

Miami has come a long way since its birth in 1896.  Today South Florida is a multicultural mecca, attracting business enterprises from all over the glove, tourists, and second and vacation home buyers.   There are many things that make Miami and its real estate market unique.

Here are some interesting facts about Miami and South Florida,  the most international real estate market in the United States - plus compelling information as to why now is an exciting time to buy your second or vacation home in South Florida:

South Florida is among the highest...

• Markets for foreign investment in real estate
• Destinations for immigration from around the world
• Migration from other U.S. markets

South Florida has the perfect home for your boat or yacht...

• Waterfront  homes currently on the market -42,374
• Ocean Access (no fixed bridges) - 7,197
• Intracoastal access (no fixed bridges) - 1,151

Great year-round weather for recreation and sports:

• Luxury yachts, speedboat, sailboats, jet skis
• Swimming, sunbathing, snorkeling, scuba diving
• Deep sea fishing, fresh water fishing
• One of the finest artificial reef programs in the U.S.
• Only living tropical reef in continental U.S. - 180 acres
• Average temperature: 75 degress

Enjoy South Florida:

• Florida has 1,800 miles of coastline including 1,000 miles of sand beaches
• Miami has 84 miles of Atlantic Ocean coastline and 67 square miles of inland waterways
• 9,000 acres of parks and 300 miles of trails
• 18 public golf courses, 504 tennis courts and 18 handball/raquectball courts

South Florida is the "Gateway to the Americas" 

• More than 1,000 multinational corporations have rade with headquarters in Miami-Dade
• Center of internationl trade with Latin America and the Caribbean
• $59 billion owrth of trade flowes through the Miami Customs District in 2004
• Voted the best place to do business in Latin America by AmericaEconomia Magazine for third consecutive year.

Miami Internation Airport (MIA) ... The Hub of the Americas

• Primary connecting point for air travel between the Americas and the Caribbean and a major gateway to Europe
• More than 100 airlines serving MIA to approximately 150 destinations
• Ranks third in the U.S. for transporting international passengers
• Ranks first for international freight and third for international cargo
• Economic impact on Miami-Dade County is $18.6 billion.
• $4.6 billion improvement program, one of the nation's largest construction programs, to meet the pasenger and cargo traffic growth at MIA
• $4.6 bilion improvement program, one of the nation's largest construction programs, to meet the passener and cargo traffic growth at MIA

Port of Miami... Cruise Capital of the World

• 3,605,201 cruise passengers in 2006
• New state-of-the-art terminals, container yard and wharf improvements, communications command and control center, cargo and security gate complex, dredging and channel deepening, new parking facilities and tunnel and access improvements

Foreign trade offices and consulates

• 61 foreign consulates
• 25 foreign trade offices
• 40 bi-national chambers of commerce

There are many things about South Florida that ocntinue to attract buyers from the U.S. and abroad.  And now is the right time to take advantage of incredible opportunites in this unique real estate market.

Buy now because...

• 2007 marks the first buyers' market South Florida has experienced in nearly 15 years.
• Interest rates are the lowest they have been in 25 years.
• Buyers have the best inventory of homes to chosse from in nearly 15 years
• Median sales price continues to rise (but at a slower pace than in the past five record-breaking years).
• South Florida is a top markets for second-home buyers.
• South Florida is a top destination for international buyers.
• Retiring baby boomers will purchase properties in South Florida, and more than 80 million baby boomers are expected to retire during the next 10 years.
• Population is the biggest driver in real estate.  And South Florida continues to experience strong population growth.  Florida welcomes over 1,200 new residents every day.
• Florida is also the top state for net migration from other states in the U.S.

For additional information Call 305-205-1567 NOW!

Source: Official Real Estate Guide - South Florida & International. by RAMB Realtor Association of Greater Miami and the Beaches.  Fall/Winter 2007-2008. Article by Rick Burch - RAMB 2007 Residentail President and Terri Bersach RAMB 2007 President Elect