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…

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…