There is a common misconception about the Miami Beach condo market, which is that all the units for sale are either short sales or foreclosures (bank owned). The reality however might actually surprise you. Only 19% of all condos for sale in Miami Beach (as of today) are either so called distressed properties with 3%…
Tag Archive: miami beach condos
Miami Beach condos – a buyers market or is it ?
I’m sure that you would agree with the general consensus that the real estate market for Miami Beach condos is currently (and has been for a while) a buyer’s market, right ? Well, you might want to re-think this notion. While the general parameters defining a buyer’s market (supply > demand) are definitely there, most…
South Beach condos – sales by price range
If you’ve seen my post on the “South beach condo statistics July 2010″, you know that in July of 2010 there were 78 condos sold in South Beach.
Top 9 transactions account for almost 50% of sales volume in South Beach
Lately I’ve seen large fluctuations in the average price per sqft on the sales of South Beach condos. Since there aren’t any major price changes (in either direction) happening these days,
South Beach condos – stats for July 2010
Here are the latest statistics for South Beach condos: As of July 31st, 2010 there were 1637 condos for sale in South Beach (zip code 33139). Since Jan 2010 the number of listed condominiums remained relatively stable, fluctuacting only between a low of 1586 units at the beginning of May and high of 1652 South…
Miami Beach condo steals – what you see is not always what you get !
Yes, there are plenty of great buys if you are in the market for a Miami Beach condo. However there is an issue that most buyers don’t realize exists. Not all the prices you see advertised are actually achieveable ! What does that mean ? Aren’t the advertised asking prices and usually a starting point…
South Beach condos – sales increase steadily for the past 3 qtrs
I just took a quick look at the number of condos sold in South Beach for each of the past 3 quarters and as you can see from the graph below, sales have been increasing slowly, but steadily. There are several buildings where prices have increased over the same time period. While there are still…
Mirador condos South Beach – are they red hot ?
How do Miraodor condos in South Beach compare to other Miami Beach condo buildings ? Well, let’s say that unlike some other buildings, the Mirador is red hot again ! Yes, you heard it right. I know that this is not the most luxurious, posh or sexy building in South Beach, but it seems to…
Making an offer without knowing all the details ? That's crazy….or is it ?
Some of us are hesitant to make any decision without knowing all the details. If you happen to be one of those people, I definitely understand where you are coming from, because I’m one of them too. Sometimes this behavior doesn’t work in our favor though. How does this apply to the real estate market…
What documents are needed to short sell my Miami Beach condo ?
A little addition to my last post about short sales vs foreclosures I want to give you more details on what is required from the seller’s side when trying to conduct a short sale transaction. As indicated in the previous post, there needs to be a reason (i.e. “hardship”) that caused your situation to change…
