The quality of Luxury Condominiums depends on the views, architecture, and location of the unit. The financial health of the condo association and investment value are important factors when deciding to buy a condominium. The top floors of the condominium building are where you normally find the Penthouse. Penthouses are considered extremely ultra-luxurious with the finest finishes and architectural designs.
Changes in home prices can be a result of the economy, mortgage rates, and other fundamental reasons. Percentage changes in home values together with months of inventory are one of the best indicators of future real estate values. To learn more about Luxury Condominiums, and the Miami Beach markets, contact Gary Mitchell and receive our Newsletter and 2017 Market Report.