Sunny Isles Beach Condos Experience A Growth In Demand & Popularity Among Today’s Upscale Renters

14 August 2011

Recent reports have gathered that there have been an increasing number of people who fall under the many renters who have been leasing condo properties within the Sunny Isles Beach area in 2011. As most can imagine, such an increase in demand will most surely affect the prices of these real estate properties, and this is exactly the type of situation that people are dealing with on the Sunny Isles Beach real estate market.

Prices have definitely been going up on Sunny Isles Beach condo properties and real estate buyers tend to have varying reasons behind selecting this particular location for their real estate needs. Nevertheless, Sunny Isles Beach has become one of the most highly sought after locations for these types of real estate properties.

According to the recent reports which have compiled the actual figures, tenants were able to take out an average of 60 Sunny Isles Beach condo property leases for every month of the first half of 2011 which accounts for an increase of 9 percent from the previous year.

At the moment, the Sunny Isles Beach condo market has an inventory of roughly 280 rental units left, which is estimated to be worth 4 months worth of Sunny Isles condo inventory. Naturally, all these factors add on to the expected price hike once the area hits a shortage on these condo properties which are now going for rental rates of about $1.32 for every square foot which accounts for an increase of 3.9 percent from 2010.

The interesting side to such reports is how people who have been looking to make a profit on the real estate market can do so, especially for those who already have set ownership over Sunny Isles Beach condos which are such hot properties on the real estate market these days.

There is no better time to make the smart choice to take advantage of the current real estate market conditions in a manner that will help you to build a great future with the help of Sunny Isles Beach condos.

After all, such incredible opportunities don’t come around very often, especially if you are to acknowledge the fact that most real estate markets have a strong tendency to fluctuate from time to time. However, one thing is for certain, and that would be the fact that more and more of today’s renters are turning to the Sunny Isles Beach real estate market for the best and most beautiful condo properties in the South Florida region.

Joan Vonnegut
Sunny Isles Beach Condos