Miami’s Fisher Island Enjoying an Uptick in Uber-Lux Condo Sales

According to several local real estate professionals, the ultra-wealthy residential island community of Fisher Island is experiencing a strong increase in sales activity in the latter half of 2009, amidst a tough real estate economy for most.

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Phyllis Winick, on-island broker of Fisher Island Real Estate stated, “Sales are up over 30% this year over 2008 and numerous European buyers are planning to purchase residences here in Miami during this winter season. This will have a major added impact on the real estate market here on Fisher Island and South Florida.”

Several other off-island luxury condo brokers in South Beach also stated they are seeing a stronger increase in showings, offers made and closings in the latter half of 2009 for Fisher Island properties.

Recorded real estate sales data on the island confirms these statements.