Today begins the first in a series of articles about Miami Investment condos. We have created sales graphs showing the actual closed sales statistics for new construction condos in Miami Beach, Miami, Brickell and Sunny Isles area condos. These will be updated regularly and can be used to get transparency in the MiamiCondo market. Several buildings are approching their ‘Magic Number” of 70% closed which will allow them to pay out their lender.

Often the most difficult information to…

Courvoisier Courts condo on Brickell Key near world famous Brickell Avenue in Miami has seen it’s sales activity dramatically increase this September. For the first eight (8) months of 2008, just five condos were sold but in the month of September, four units became pending sales.

Often, it is difficult to see if a market has turned so we use a formula referred to as “Absorption Rate” ,which is the total available units divided by the…

This morning several hundred Miami Realtors gathered at 1060 Brickell Avenue to hear about the Brickell Avenue condo market and 1060 Brickell project. This event was sponsored by Maureen Levine from RAMB with a breakfast catered from Perricone’s Restaurant, a Brickell Village stalwart for over 12 years.

Charlotte Piro from Fortune, the sales director at 1060, shared some very aggressive pricing (shown below) with us and described the unique amenities in the building such as a…

Miami WorldCenter Mall

Miami WorldCenter at Park West

WorldCenter at Park West, initially reminds me of the Midtown Miami
Project…just in a much better location.

Then I think back to the Omni Center, just a few blocks away…built to
capitalize on the wealthy South America visitors in the 80’s. Bad timing there.

Or I can remember a much smaller project, like the Mayfair in Coconut Grove, which is currently under going it’s third or fourth reincarnation; and ask will this be…

There are ten completed buildings along the Miami River near Brickell area. Several have become great buying opportunities for the serious investor. There are two different situations developing in this neighborhood.

One affects the early buildings like One Miami, Neo Lofts, Neo Vertika and Brickell on the River North. These have a high number of foreclosures and short sales which will become foreclosures. The opportunity here is to get a bank-owned unit. These buildings are…

There are eleven buildings on Brickell Key, several have become great buying opportunities for the serious investor. These include the Courts Brickell Key, Courvoisier Courts and the Isola. These Miami Condo buildings are struggling, they have a very large percentage of their units for sale (see chart below). They have many short sale offerings which will become bank owned foreclosures and they are probably not collecting all the maintenance fees which are due monthly. These…

There are five buildings in the Brickell area that have become great buying opportunities for the serious investor. These include the Club at Brickell Bay, Mark on Brickell, Skyline on Brickell, Solaris and the Vue at Brickell. These buildings are struggling, they have a very large percentage of their units for sale (see chart below). They have many short sale offerings which will become bank owned foreclosures and they are probably not collecting all the…