Tag Archives | first time buyers

Miami Condo Market Trends 2nd Qtr 2011

Miami Condos Sales Explode in 2011

Closed and pending sales data for condominiums in the second quarter of 2011 Miami-Dade County show a twenty-seven (27%) percent 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 below ten months supply. This is good news for both sellers and buyers. It indicates that there are a … 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-Dade County Condo Prices Rise to $282.00 Average per SqFt

Miami, Florida
May 20th, 2010

Miami-Dade County Condo Prices Rise to $282.00 Average per SqFt

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.

Visit Miami Foreclosure Bank Owned Condos for a list of available Miami bank owned condos for investment as of May 20th, 2010. Please note that they are in order by city and their availability … 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

Record Cold Wave as the Miami Condo Market Heats Up!

January 13th, 2010

As we Miamians dig out of a ten day cold snap…the Miami Condo sales statistics for 2009 are heating up.

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 the last three months (10/2009 – 12/2009) average of $195.00 (see chart below) for an amazing drop of over 12.5%. Many of the … Read More

Miami-Dade County Condo Prices Hit Bottom?

Miami, Florida
December 10, 2009

Miami Condo price averages bottomed in April 2009 at $176.00 per square foot, and have risen for the past seven 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 (9/2008 – 11/2008) average of $242.00 to … Read More

Miami-Dade County Condo Prices Rise to $194.00 Average per SqFt

Miami Condos price averages bottomed in April 2009 at $176.00 per square foot, and have risen for the paste five 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 (6/2008 – 8/2008) average of $306.00 to the last three months (6/2009 … Read More

Miami Condo Prices Rise to $198.00 Avg / SqFt

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

Please “Click Here” for a list of available Miami bank owned condos for investment as of July 22nd, 2009.

The quarterly average price per square foot has dropped dramatically over the last fifteen … Read More

$8,000 Tax Credit May Be Used As Down Payment

$8,000 Tax Credit May Be Used As Down Payment

If you’re thinking about making a home purchase to take advantage of the depressed South Florida real estate market, the federal government might be able to help you get started with your purchase.

On Tuesday, Shaun Donovan, Secretary of Housing And Urban Development, said that the Federal Housing Administration (FHA) informed lenders to allow first-time home buyers to use an $8,000 tax credit as a down … Read More