First Quarter 2006 Miami Real Estate Analysis : PROPERTYTREK FORUM

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First Quarter 2006 Miami Real Estate Analysis

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www.AlexShay.com Miami , FL What’s happening in Miami? It’s a question that is asked over and over again. Sellers want to know; and buyers want to know. We’re talking real estate, Miami Beach luxury real estate. This is an analysis of the first quarter, which should give you a feel of the real estate climate and marketplace in Miami Beach during the first 3 months of 2006.Do you want to know what’s happening? According to Alex Shay, the best way to describe it is, resistance. It’s a word that Realtors don’t like to hear, but that’s what has been happening. Sellers are keeping asking prices up, and buyers are resisting. Sellers feel that the number of luxury homes is very limited, and that the demand is high, and buyers are refusing to pay the prices being asked. We are experiencing a standstill in the Miami real estate marketplace, and the result is that there far more properties on the market now, than there were during the first quarter of just one year ago. For more information see http://www.alexshay.com/.

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