{"id":15600,"date":"2009-02-01T06:39:53","date_gmt":"2009-02-01T06:39:53","guid":{"rendered":"http:\/\/therealestatemango.com\/2009\/02\/01\/are-luxury-properties-selling-better-in-other-markets-besides-aventura\/"},"modified":"2019-04-23T20:56:46","modified_gmt":"2019-04-23T20:56:46","slug":"are-luxury-properties-selling-better-in-other-markets-besides-aventura","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/are-luxury-properties-selling-better-in-other-markets-besides-aventura\/","title":{"rendered":"Luxury Properties On A Downturn"},"content":{"rendered":"<p>People are always asking me if\u00a0<strong>only we <\/strong>\u00a0are experiencing a downturn here in\u00a0<strong>Aventura and Sunny Isles.\u00a0\u00a0<\/strong>\u00a0The answer is <strong>NO.<\/strong><\/p>\n<p><strong><a title=\"Paradise Lost\" href=\"http:\/\/www.nytimes.com\/2009\/02\/01\/business\/01fisher.html?ref=realestate\" target=\"_blank\" rel=\"noopener noreferrer\">Fisher Island <\/a>is experiencing a great loss of value in the very expensive market\u00a0where prices range from 335k to 30 million.\u00a0\u00a0 <\/strong>In fact, only 30 properties were sold in the last twelve months compared to 100 for the year before.\u00a0 Many properties are worth 40% less than they were a few years ago.<\/p>\n<p><strong>About a quarter of the islands 695 condos are up for sale.\u00a0 <\/strong>Fisher Island has been home to many famous people, Oprah Winfrey, Mel Brooks, etc.\u00a0 The high cost of living on Fisher Island, huge club dues, maintenance fees, taxes have added to the malaise.\u00a0 Although many of the owners come from all over the world, this economy has had its effect on\u00a0everyone in every country.<\/p>\n<p>Adding to the expenses is the\u00a0<strong>rising insurance rates<\/strong>\u00a0in Florida.\u00a0 This affects all Florida real estate and something that\u00a0must be adjusted so that living in paradise can be more affordable for all.\u00a0 No matter what the cost of the\u00a0property, the insurance fees add thousands of dollars to the cost of living here.<\/p>\n<p>The Florida legislature must address this issue.\u00a0 Recently State Farm said they will no longer write homeowners insurance in the state.\u00a0 This cannot continue if we are to sustain our real estate values in good times and in down times.<\/p>\n<p>Let me know your opinion on property insurance.\u00a0 Write to me.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>People are always asking me if\u00a0only we \u00a0are experiencing a downturn here in\u00a0Aventura and Sunny Isles.\u00a0\u00a0\u00a0The answer is NO. Fisher Island is experiencing a great loss of value in the very expensive market\u00a0where prices range from 335k to 30 million.\u00a0\u00a0 In fact, only 30 properties were sold in the last twelve months compared to 100<\/p>\n<p class=\"more-link\"><a href=\"https:\/\/ewmrealestate.com\/blog\/are-luxury-properties-selling-better-in-other-markets-besides-aventura\/\" class=\"themebutton2\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":130092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[11767],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Luxury Properties On A Downturn - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/are-luxury-properties-selling-better-in-other-markets-besides-aventura\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Luxury Properties On A Downturn - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"People are always asking me if\u00a0only we \u00a0are experiencing a downturn here in\u00a0Aventura and Sunny Isles.\u00a0\u00a0\u00a0The answer is NO. Fisher Island is experiencing a great loss of value in the very expensive market\u00a0where prices range from 335k to 30 million.\u00a0\u00a0 In fact, only 30 properties were sold in the last twelve months compared to 100Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ewmrealestate.com\/blog\/are-luxury-properties-selling-better-in-other-markets-besides-aventura\/\" \/>\n<meta property=\"og:site_name\" content=\"BHHS EWM Realty\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/EWMRealtyInternational\" \/>\n<meta property=\"article:published_time\" content=\"2009-02-01T06:39:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-23T20:56:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ewmrealestate.com\/blog\/wp-content\/uploads\/2019\/06\/BHHS-On-Solid-Background.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"376\" \/>\n\t<meta property=\"og:image:height\" content=\"376\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Admin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/are-luxury-properties-selling-better-in-other-markets-besides-aventura\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/are-luxury-properties-selling-better-in-other-markets-besides-aventura\/\"},\"author\":{\"name\":\"Admin\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#\/schema\/person\/c02e56ee015dc7d104143c38d8028970\"},\"headline\":\"Luxury Properties On A Downturn\",\"datePublished\":\"2009-02-01T06:39:53+00:00\",\"dateModified\":\"2019-04-23T20:56:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/are-luxury-properties-selling-better-in-other-markets-besides-aventura\/\"},\"wordCount\":249,\"publisher\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#organization\"},\"articleSection\":[\"EWM News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/are-luxury-properties-selling-better-in-other-markets-besides-aventura\/\",\"url\":\"https:\/\/ewmrealestate.com\/blog\/are-luxury-properties-selling-better-in-other-markets-besides-aventura\/\",\"name\":\"Luxury Properties On A Downturn - 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Fisher Island is experiencing a great loss of value in the very expensive market\u00a0where prices range from 335k to 30 million.\u00a0\u00a0 In fact, only 30 properties were sold in the last twelve months compared to 100Read More","og_url":"https:\/\/ewmrealestate.com\/blog\/are-luxury-properties-selling-better-in-other-markets-besides-aventura\/","og_site_name":"BHHS EWM Realty","article_publisher":"https:\/\/www.facebook.com\/EWMRealtyInternational","article_published_time":"2009-02-01T06:39:53+00:00","article_modified_time":"2019-04-23T20:56:46+00:00","og_image":[{"width":376,"height":376,"url":"https:\/\/ewmrealestate.com\/blog\/wp-content\/uploads\/2019\/06\/BHHS-On-Solid-Background.jpg","type":"image\/jpeg"}],"author":"Admin","twitter_misc":{"Written by":"Admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ewmrealestate.com\/blog\/are-luxury-properties-selling-better-in-other-markets-besides-aventura\/#article","isPartOf":{"@id":"https:\/\/ewmrealestate.com\/blog\/are-luxury-properties-selling-better-in-other-markets-besides-aventura\/"},"author":{"name":"Admin","@id":"https:\/\/ewmrealestate.com\/blog\/#\/schema\/person\/c02e56ee015dc7d104143c38d8028970"},"headline":"Luxury Properties On A Downturn","datePublished":"2009-02-01T06:39:53+00:00","dateModified":"2019-04-23T20:56:46+00:00","mainEntityOfPage":{"@id":"https:\/\/ewmrealestate.com\/blog\/are-luxury-properties-selling-better-in-other-markets-besides-aventura\/"},"wordCount":249,"publisher":{"@id":"https:\/\/ewmrealestate.com\/blog\/#organization"},"articleSection":["EWM News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/ewmrealestate.com\/blog\/are-luxury-properties-selling-better-in-other-markets-besides-aventura\/","url":"https:\/\/ewmrealestate.com\/blog\/are-luxury-properties-selling-better-in-other-markets-besides-aventura\/","name":"Luxury Properties On A Downturn - 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