February 28th, 2009

The Housing Sales Statistics for the first two months of 2009 illustrate the issues and opportunities facing buyers, sellers, lenders and real estate practitioners in Miami-Dade County

In order to compare “apples-to-apples, we have separated the sales data into three groups:

• Coastal Condos (CC)- Sales in Building near the waterfront that are five stories or higher
• Suburban Condos & Townhomes (SCT) - Building throughout the county below five stories
• Single Family Homes (SFH)

Within each group, we have…

Top 25 Pre-foreclosure Short Sales Condo Buildings in Miami, Florida

January 5th, 2009

2008 is in the books. Whew!! So what are the statistics about the condos for sale in Miami- Dade county?

• Total Housing Units in Miami-Dade county - 1,000,000 100%
• Total Condos for Sale in MLS - 22,247 2.2%
• Total Short Sale Condos in MLS - 6,524 .6%
• Total Short Sale Condos in Miami- 1,024 .1%

Short Sale Miami condos are often foreclosed upon by the lender before…

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)

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…

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…

Ocean View Condos puts you at the North end of Sunny Isles Beach, just one block from the Atlantic Ocean with ocean, city and intracoastal water views plus year round ocean breezes.

Oceanview has over one hundred and fifty units for sale, many of which are bank-owned or short sales. The bank owned can be purchased now at great prices and the short sales will be turned into bank owned over time and then will become great…

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…