New Construction Condos Closing Rates - Miami, Miami Beach

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 the bank.

Brickell Condos -Featured New Construction Condos

Brickell Condos Closed Units

Building Name	First Closing Date	Total Units Closed	Total Units	Percent Closed
Plaza on Brickell	1/8/08	664	1000	66.4%
Avenue at Brickell	1/23/08	211	562	37.5%
Asia	4/4/08	61	122	50.0%
500 Brickell	5/19/08	152	633	24.0%
Axis on Brickell	5/30/08	154	788	19.5%

Often the most difficult information to get is how many developer units have closed in a particular building. No More!! The chart above shows the closing rate for four condos on Brickell and one on Brickell Key...they are ordered by their first closing date.

By combining this data with the current Active and Available for Sale condos in the Realtor Multiple Listing Service, one can determine what percentage of a particular building is "On the Market" and how stable the building is.

Of particular interest this month is the Plaza on Brickell with 66.4%. If the "Magic" number to pay the bank off is 70% then the Plaza sales team should be cutting some great deals to get those last thirty-six (36) units to close!! Call me for assistance at 1-800-433-5960

Miami Downtown Condos -Featured New Construction Condos

Miami Downtown Condos Closed Units

Building Name	First Closing Date	Total Units Closed	Total Units	Percent Closed
Ten Museum Park	6/14/07	168	200	84.0%
Loft Downtown 2	9/26/07	437	496	88.1%
Marina Blue	2/27/08	359	516	69.6%
900 Biscayne Bay	5/5/08	169	516	32.8%
Met 1	5/7/08	142	447	31.8%

Often the most difficult information to get is how many developer units have closed in a particular building. No More!! The chart above shows the closing rate for five condos on Miami Downtown...they are ordered by their first closing date.

By combining this data with the current Active and Available for Sale condos in the Realtor Multiple Listing Service, one can determine what percentage of a particular building is "On the Market" and how stable the building is.

Of particular interest this month is the MArina Blue with 69.6%. If the "Magic" number to pay the bank off is 70% then the Plaza sales team should be cutting some great deals to get those last two (2) units to close!! Call me for assistance at 1-800-433-5960

Miami Midtown Condos - Featured New Construction Condos

Miami Midtown Condos Closed Units

Building Name	First Closing Date	Total Units Closed	Total Units	Percent Closed
Onyx on the Bay	7/31/07	70	118	59.3%
1800 Club	11/27/07	322	468	68.8%
Opera Tower	12/28/07	223	635	35.1%
Quantum on the Bay	1/3/08	528	698	75.6%

Often the most difficult information to get is how many developer units have closed in a particular building. No More!! The chart above shows the closing rate for five condos on Miami Midtown...they are ordered by their first closing date.

By combining this data with the current Active and Available for Sale condos in the Realtor Multiple Listing Service, one can determine what percentage of a particular building is "On the Market" and how stable the building is.

Of particular interest this month is the 1800 Club with 68.8%. If the "Magic" number to pay the bank off is 70% then the Marina Blue sales team should be cutting some great deals to get those last five (5) units to close!! Call me for assistance at 1-800-433-5960

Miami River Condos - Featured New Construction Condos

Miami River Condos Closed Units

Building Name	First Closing Date	Total Units Closed	Total Units	Percent Closed
Latitude on the River	7/27/07	372	427	87.1%
Brickell on the River South	12/17/07	164	319	51.4%
Wind	2/28/08	194	489	39.7%
Ivy	6/12/08	157	500	31.4%

Often the most difficult information to get is how many developer units have closed in a particular building. No More!! The chart above shows the closing rate for five condos on Miami River...they are ordered by their first closing date.

By combining this data with the current Active and Available for Sale condos in the Realtor Multiple Listing Service, one can determine what percentage of a particular building is "On the Market" and how stable the building is.

Of particular interest this month is the Wind with 39.7%. The Wind is the nicest new building on the River and is very attractive to tenants. If you need a tenant.. Call me for assistance at 1-800-433-5960

Miami Beach Condos - Featured New Construction Condos

Miami Beach Condos Closed Units

Building Name	First Closing Date	Total Units Closed	Total Units	Percent Closed
Apogee South Beach	1/16/08	65	67	97.0%
Fontainebleau III	2/12/08	199	286	69.6%
Continuum II	3/17/08	138	203	68.0%
Mei	5/19/08	26	134	19.4%

Often the most difficult information to get is how many developer units have closed in a particular building. No More!! The chart above shows the closing rate for five condos on Miami Beach...they are ordered by their first closing date.

By combining this data with the current Active and Available for Sale condos in the Realtor Multiple Listing Service, one can determine what percentage of a particular building is "On the Market" and how stable the building is.

Of particular interest this month is the Continuum II with 68.0%. If the "Magic" number to pay the bank off is 70% then the Continuum II sales team should be cutting some great deals to get those last four(4) units to close!! Call me for assistance at 1-800-433-5960

Sunny Isles Beach Condos - Featured New Construction Condos

Sunny Isles Beach Condos Closed Units

Building Name	First Closing Date	Total Units Closed	Total Units	Percent Closed
Turnberry Ocean Colony	5/25/06	222	260	85.4%
Sole	12/3/07	78	147	53.1%
Trump Towers I	1/18/08	112	271	41.3%
Trump Towers 2	7/30/08	16	271	5.9%
Jade Beach	8/20/08	35	248	14.1%

Often the most difficult information to get is how many developer units have closed in a particular building. No More!! The chart above shows the closing rate for five condos on Sunny Isles Beach...they are ordered by their first closing date.

By combining this data with the current Active and Available for Sale condos in the Realtor Multiple Listing Service, one can determine what percentage of a particular building is "On the Market" and how stable the building is.