January 5th, 2009
2008 is in the books. Whew!! So what are the statistics about the condos for sale in Miami- Dade county?
Short Sale Miami condos are often foreclosed upon by the lender before…
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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…
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…
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…
ICON South Beach, Miami Beach, Florida 33139
November 29th, 2008
Now that ICON Brickell is closing and has all the buzzzzzzzzzzz, I thought I would revisit ICON South Beach and see how it’s going after four years.
Currently, there are forty-seven (47) condos for sale ranging in price from $450,000 to $15,900,000. That’s a little more than sixteen (16) percent of the total units. They range in price per sq ft from $500.00 to $1,500.00 and there is…
Ocean Reserve condos are the best investment value near the ocean for the price. There are many short sales which will be foreclosed upon and become bank-owned properties that are priced the best. Get great deals on bank owned foreclosure properties at Ocean Reserve, just one block from the Atlantic Ocean starting at $139,000.
This beautiful Intracoastal waterfront community, Ocean Reserve, has direct open beach access across the street from A1A and the Atlantic Ocean. This luxury…
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