Tag Archives | Price Per Square Foot

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

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

The Top 50 Condo Sales in 2010 – Miami Beach & Miami

The Top 50 Condo Sales in 2010 – Miami Beach & Miami – March 7th ,2010

Often it is informative as well as interesting to know the facts about the closed real estate transactions that are happening in our neighborhoods. Often the media would have us believe that ‘the sky is falling’! Take a look through this list of the Top 50 closed condo transactions by sales price for 2010 through March 1st, 2010 and … 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

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

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

Coral Gables Single Family Homes For Sale

Coral Gables, Florida
December 9, 2009

Coral Gables home sales statistics show that the available inventory has dropped from an eighteen (18) month supply fifteen months ago to just over a twelve (12) month supply now. This as we enter our Winter selling season. Typically an absoption rate of over twelve months is a buyers market with six to twelve months being an equilibrium market with an balanced supply of buyers and sellers. This is … Read More