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 they are accepted as a short sale. We believe that the majority of current short sale listings will end up as bank owned properties in 2009. These then are the next wave of bank owned Miami condos, and are sometimes referred to as foreclosure, REO or Real Estate Owned. This will create ihcredible opportunity for Miami condo investors and first time buyers.
Here is a list of the Top 25 buildings in Miami with the largest number of short sale offerings as of January3, 2009. Please note that they are in descending order by the number of short sales and their availability is subject to change without notice.
This week there are one thousand and twenty-four (1,024) short sales condos in the City of Miami with 475 of them in just 25 buildings. These are where the next wave on Miami Foreclosure condos will be coming from in 2009…let’s get ready for a great year for investors and buyers!
If you are interested in acquiring any of these soon to be bank owned properties, please keep in mind that the owners will require a pre-approval letter if you plan to finance or a proof of US funds letter if your offer will be cash. Please visit www.MiamiCondoLifestyle.com or contact us at 800-433-5960 for further information.
| # SS | # REO | Complex Name | List Price Range | LP$/SqFt Range | Year Built |
Area | Zip Code |
|---|---|---|---|---|---|---|---|
| 59 | 11 | Blue Lagoon | $72,000 to $430,000 | $105 to $446 | 2003 | Miami Airport | 33126 |
| 40 | 9 | Club at Brickell Bay | $95,000 to $550,000 | $223 to $666 | 2005 | Brickell | 33131 |
| 33 | 3 | One Miami | $189,000 to $605,000 | $337 to $372 | 2005 | Miami | 33131 |
| 33 | 3 | Vue At Brickell | $130,000 to $350,000 | $155 to $265 | 2004 | Brickell | 33130 |
| 25 | 1 | 1800 Biscayne Plaza | $120,000 to $420,000 | $167 to $386 | 2005 | Miami Midtown | 33132 |
| 22 | 3 | Isola | $144,900 to $334,900 | $215 to $313 | 1990 | Brickell Key | 33131 |
| 20 | 4 | Mark on Brickell | $180,000 to $790,000 | $237 to $407 | 2001 | Brickell | 33131 |
| 20 | 6 | Venetia | $105,000 to $279,000 | $118 to $310 | 1980 | Miami Midtown | 33132 |
| 19 | 1 | Solaris | $180,000 to $499,000 | $230 to $661 | 2006 | Brickell | 33131 |
| 17 | 6 | CITE on the Bay | $119,000 to $480,000 | $164 to $341 | 2004 | Miami Midtown | 33137 |
| 17 | 4 | Neo Vertika | $159,000 to $299,000 | $201 to $238 | 2006 | Brickell | 33130 |
| 16 | 1 | Courvoisier Courts | $248,000 to $449,000 | $250 to $264 | 1997 | Brickell Key | 33131 |
| 16 | 2 | Jade Residences | $336,126 to $1,980,000 | $296 to $847 | 2004 | Brickell | 33131 |
| 15 | 0 | Brickell On the River | $200,000 to $499,000 | $258 to $449 | 2006 | Brickell | 33131 |
| 15 | 1 | Courts Brickell Key | $239,900 to $790,000 | $276 to $421 | 2002 | Brickell Key | 33131 |
| 14 | 4 | Four Ambassadors | $110,000 to $200,000 | $189 to $202 | 1968 | Brickell | 33131 |
| 14 | 4 | Skyline on Brickell | $189,000 to $575,000 | $239 to $420 | 2004 | Brickell | 33129 |
| 13 | 2 | Grand | $169,000 to $365,000 | $150 to $287 | 1986 | Miami Midtown | 33132 |
| 13 | 0 | Loft Downtown | $125,000 to $299,000 | $211 to $218 | 2005 | Miami | 33132 |
| 10 | 2 | Blue | $240,000 to $649,000 | $315 to $338 | 2005 | Miami Midtown | 33137 |
| 10 | 1 | Brickell Key II | $150,000 to $549,000 | $214 to $351 | 1991 | Brickell Key | 33131 |
| 10 | 2 | Charter Club | $139,000 to $298,000 | $145 to $245 | 1973 | Miami Midtown | 33137 |
| 10 | 0 | Emerald at Brickell | $180,000 to $599,000 | $221 to $376 | 2006 | Brickell | 33131 |
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