Tag Archives | First Quarter

Miami Developers Discount Condos up to 50%

Miami developers discount condos up to 50%

Buyers are taking advantage of the remaining developer inventory in Miami luxury Condos.

Currently there are fifty (50) new condominium towers in Miami-Dade County that still have unsold units. Most of these have been discounted from their boom pricing by from 25 to 50% depending on the building, how many units are left and who owns the property.

Some have just a handful of units remaining while others … Read More

Miami Condo Sales Explode in 1st Qtr 2011

Miami Condos Sales Explode in 2011

Closed and pending sales data for condominiums in the first quarter of 2011 Miami-Dade County show a forty-four (44%) increase over the same period in 2010. All this without last years “First Time Buyers Credit!”

These increased sales have reduced the available inventory significantly, with available units dropping to just a twelve month supply. This is good news for both sellers and buyers. It indicates that there are a … Read More

Miami Pending Sales Explode in First Qtr 2010…Why?

Miami, Florida

Miami Pending Sales Explode in First Qtr 2010…Why?

Short sale condos pending contract exploded in the first quarter of 2010 in Miami-Dade county. These are the contracts for short sale listings that have yet to be approved by the seller’s lender or lenders. Although the pending sales growth initially looks like a good indicator for the housing market, it may really be meaningless as many short-sales never actually close but instead become bank … Read More