Real estate brokers in Miami plan to drop in on the festivities at Miami Art Basel to determine whether any buyers are interested in acquiring any luxury real estate while in town.
With so many buyrers coming from out of town and from foreign countries, the art show -- with 50,000 attendees -- makes for a good stomping ground for brokerage houses prospecting for leads.
Additionally, there are several exisiting and upcoming premium properties in Miami Beach and South Beach right now. The market is exploding ... and the options currently are plentiful.
....Some 23,000 condos have been built from downtown to Miami Beach, and the toniest ones situated right on the beach are now selling at record prices of $3,200 to $3,300 per square foot, says [one major real estate executive].