Tag Archives | Short Sales
This week in the coastal zip codes of Miami there are two thousand and seven hundred and seven (2,707) short sales condos with 536 of them in just 40 buildings. These are where the next wave of Miami Foreclosure condos will be coming from in 2010 and 2011…let’s get ready for a great year for investors and buyers!
December 14, 2008
On September 15th of this year we posted an article on the Brickell Key condominiums which included a graph of sales activity for the eleven buildings there (please see Diagram 1)
|Avg List $
|Avg Sold $
|Brickell Key One||316||28||8.9%||7||1|
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
There are five buildings in the Brickell area that have become great buying opportunities for the serious investor. These include the Club at Brickell Bay, Mark on Brickell, Skyline on Brickell, Solaris and the Vue at Brickell. These buildings are struggling, they have a very large percentage of their units for sale (see chart below). They have many short sale offerings which will become bank owned foreclosures and they are probably not collecting all the … Read More