October 31st, 2008

Miami, Florida

When people visit www.MiamiCondoLifestyle.com and contact me about buying in the Miami & Miami Beach market, they ask the following question…“How far back in time have the Miami and Miami Beach condo prices dropped?” Today we are going to find out.

The charts below show data from October of 2003 until September of 2008, for the months on inventory on hand and the average price per square foot. … Read More

Bayside Village Condos – Fisher Island Luxury Oceanfront Apartments

Bayside Village Condos are located on the Southeast side of Fisher Island Marina. They consist of one, two and three story buildings that face the marina and the southeast view of the Atlantic Ocean. They were built in 1986, 1987 and 1988 respectively.

Bayside Village offers just ninety-nine (99) residences on two and three floors with four different floorplans ranging in size from 1,847 to … Read More

October 7th, 2008

Every day we get dozens of emails and phone calls from various buyers, sellers, landlords and tenants trying to find the information they need in order to make an informed and sound business decision about Miami condos and real estate. This is what we do all day long.

We are continually in “conversation” with multiple buyers and sellers, appraisers, banks, developers, landlords and other Realtors trying to find just the right … Read More

Last night, we heard some very interesting news…at least one major Miami Condo developer
is putting together an economic bailout rescue plan of his own. This is what we need…not the government’s pork-filled, bloated, socialistic power grab that the Senate has passed and the House is voting on right now but a real, innovative response to a shifting market.

Check this out…Buy a Brickell condo and get a SMART car…or buy that Miami condo … Read More

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 … Read More

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 … Read More

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 … Read More

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 … Read More

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 … Read More

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. … Read More