Tag Archives | Miami Dade County

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 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

How to Pay Too Much for a Miami Condo

MAy 31st, 2010

How to Overpay for a Miami Condo

Actually, people from outside the Miami area, both foreign nationals from Canada, Brazil, Argentina, Venezuela and Mexico and buyers from the Northeast; New York, New Jersey, Connecticut and Massachusetts have been buying in Miami at a very rapid pace. How many have paid “too much for a Miami condo?”

Often a buyer will choose to deal directly with a developer’s sales team knowing that the … 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 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

Over Seventy-Eight Percent of New Condos in Sunny Isles are SOLD

Over Seventy-Eight Percent of New Condos in Sunny Isles are SOLD

Sunny Isles Beach, Florida has added 4,720 new condominium and condo-hotel units in nineteen different buildings built since 2003. Of these 3,703 units have been sold by the developers… an outstanding 78.5 percent.

There are approximately 1,017 units remaining to be sold. The bulk of these are in four recently delivered buildings; the Trump Towers II & III, St. Tropez and JADE Ocean. These … Read More

Foreclosure & Bank Owned Single Family Homes in Miami, Florida

February 7th, 2010

Bank owned properties are often the best opportunity to purchase Miami bank owned single family homes, which are sometimes referred to as foreclosure, Real Estate Owned or REO.

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 $161.00 to the last three months (10/2009 – 12/2009) average of $150.00 for a drop of over 6%. … 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