Tag Archives | Bank Owned

Rent vs Buy in Miami? It Depends on the Market.

June 4th, 2010

Rent vs Buy in Miami? It Depends on the Market

There was a very interesting analysis of the rent vs buy decision in the Wall Street Journal recently. It all depend on the numbers…the math of an individual market. Interestingly enough most people find it difficult to buy in a buyer’s market and difficult to sell in a seller’s market. Completely backwards.

We have set up some new links to well priced … Read More

Miami Condo Prices on the Rise

Miami, Florida
February 7th, 2010

Miami Condos price averages bottomed in April 2009 at $176.00 per square foot, and have risen for the past several months. The affordability of housing has increased dramatically and this has become good news for investors and first time buyers alike!

The quarterly average price per square foot has dropped dramatically over the last fifteen months. We have compared the first three months (10/2008 – 12/2008) average of $223.00 to … Read More

Best Deals on Miami Foreclosure Condos

Best Deals on Foreclosure & Bank Owned Condos in Miami & Miami Beach, Florida

May 14th, 2009

Bank owned foreclosures are often the best opportunity to purchase Miami condos. Bank owned condos, are sometimes referred to as foreclosure, Real Estate Owned or REO.

Here is a list of the Top 8 Best Deals in the Miami condo market right now.

We are starting to see multiple offers on these; so please move quickly if you … Read More

Housing Sales Statistics in Miami Beach & Miami, Florida

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
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Miami River Brickell Condos Opportunities

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 are … Read More