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Miami-Dade County, Florida
December 30, 2008
I hope you made it through the calorie blasts of the Holidays unscathed!! The New Years Day
weather forecast is for highs in the high 70’s and sunny…of course!
Todays Update will be brief as we are only including our latest Bank Owned Miami Condos list click here. The list is much larger than normal, you may want to bookmark it as we are now updating it weekly.
This week there are…
The Miami Condo Lifestyle team recently tour a took of the newly opened EPIC Residences and Hotel project at the mouth of the Miami River in Downtown Miami. We shot several dozen images and here are the best ones for you.
Please note that the EPIC Hotel is open for business along with Area 31, the excellent riverfront restaurant that has just opened. We recommend an early evening cocktail and…
Buyers should lock in rates now
Supported by the Federal Reserve’s recent decision to cut its overnight federal funds rate to a range of zero to 0.25 percent, the 30-year fixed rate mortgage hit a 37-year low last week reaching 5.17 percent. That’s the lowest the 30-year mortgage rates have been since Freddie Mac began its weekly mortgage rate survey in 1971, noted Frank Northaft, Freddie Mac chief economist.
Click here for the full article and…
Miami, Florida
December 21st, 2008
How to sell you Miami or Miami Beach condo apartment for the most money in a buyers market!!
This is a question that I am asked daily. Let’s think about where the buyers are coming from and how best to attract them. Currently, the majority of buyers are from somewhere else, Canada, Europe, South America and, of course, the snowy, blowy, icy…Northeastern United States.
Here are several absolute requirements to get the top dollar…
Area 31 Restaurant
Now open, 270 Biscayne Blvd Way, 18th Fl, Miami; 305.424.5234
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Overlooking Brickell Avenue and the Miami River from the 18th floor of the Epic Hotel in Miami, Area 31 serves a Mediterranean-style crudo menu including stone crab, yellowfin tuna, and Key West pink shrimp, plus grilled seasonal selections like Spanish mackerel, mangrove snapper, cuttlefish, wahoo, and spiny lobster. The restaurant’s name comes from the UN’s designation for the economically sustainable fishing waters from Georgia to the northern tip of Brazil. |
Deep…
December 14, 2008
On September 15th of this year we posted an article on the Brickell Key condominiums which included a graph of sales activity for the eleven buildings there (please see Diagram 1)
| Building Name | Total Units |
Units For Sale |
Percent | Closed Sales |
Short Sales |
Avg List $ per SqFt |
Avg Sold $ per SqFt |
Year Built |
|---|---|---|---|---|---|---|---|---|
| Asia | 123 | 17 | 13.8% | 0 | 0 | $973 | TBD | 2008 |
| Brickell Key One | 316 | 28 | 8.9% | 7 | 1 | $341 | $294 | 1982 |
| Brickell Key Two | 397 | 33 | 8.3% | 9 | 6 | $399 | $353 | 1991 |
| Carbonell | 284 | 51 | 18.0% | 9 | 3 | $485 | $442 | 2005 |
| Courts at Brickell Key | 318 | 46 | 14.5% | 10 | 15 | $388 | $356 | 2002 |
| Courvoisier Courts | 272 | 44 | 16.2% | 5 | 15 | $281 | $260 | 1997 |
| Isola | 300 | 50 | 16.7% | 8 | 20 | $271 | $261 | 1990 |
| One Tequesta Point | 288 | 23 | 8.0% | 8 | 3 | $420 | $383 | 1995 |
| St Louis | 134 | 12 | 9.0% | 0 | 3 | $430 | TBD | 1995 |
| Three Tequesta Point | 237 | 22 | 9.3% | 8 | 2 | $498 | $462 | 2001 |
| Two Tequesta Point | 268 | 18 | 6.7% | 10 | 0 | $526 | $453 | 1998 |
| Totals | 2991 | 345 | 11.5% | 74 | 68 | $593 | $445 |
Diagram 1
Here is an updated graph for sales from January through November for Brickell Key buildings. Interestingly enough,…
December 9th, 2008
Miami, Florida
Today, the Miami Condo Lifestyle team will start publishing a series of articles on the
changing dynamic in condo sales activity in Miami and Miami Beach, Florida.
Initially, we will focus on the distressed buildings with the highest percentage of closed sales for 2008. Our research shows that the Club at Brickell Bay, Vue at Brickell, Mark on Brickell, Skyline at Brickell and the Jade at Brickell are the top five buildings in…
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