I just took a quick look at the amount of bank owned South Beach condos and how it changed since Q3 2009 As you can see from this graph is that the amount of foreclosures for sale as well as the amount of foreclosures sold in past couple of months has pretty much doubled. Currently…
Tag Archive: South Beach Condos
South Beach condo market Q1 2010 vs. Q4 2009
Following my last post I wanted to see what the bigger picture looks like and therefore compared South Beach condo sales statistics for the last quarter of 2009 with the first quarter of 2010. The most noteworthy developments can be easily wrapped up in one sentence: Sales and pendings increased while average list and sales prices decreased….
Related Group Goes Into Contraction Mode
Perez (This story, in slightly different form, originally appeared in ALM’s Daily Business Review.)MIAMI-In the latest sign of Jorge Perez’s downsizing, his Related Group is no longer a partner in the Trump Towers luxury condo in Sunny Isles Beach. “We have no comment other than to confirm we have satisfied The Related Group’s lender obligations, and…
South Beach Miami Real Estate Flourishes
South Beach Miami real estate continues to thrive when other places in the nation are sitting on “for sale” signs month after month. If you’re a real estate investor or a home shopper looking for elite and exclusive property in the South Beach Miami area, now is the time to act. With so many residential…
South Beach condo prices mid 09 to date
Whether you think it’s good or bad, but there aren’t any significant changes to point out in this month’s South Beach Condo market statistics. The most significant difference is that there were 56 condos sold in January of 2010, while the amount of units sold per months in the 3rd and 4th quarter of 2009…
Waverly South Beach – turnaround in 2009 ?
There are two questions that all Realtors constantly have to answer: How’s the market ? Has it bottomed out yet ? What differs vastly is the answer you get depending on who you are talking to. “The market is great, I’m selling a lot of condos”, is one of them. There are some people that…
Short sales: Playing by the new rules
WASHINGTON – Dec. 8, 2009 – The U.S. Treasury hopes to speed transactions under its new short sale rules, but details count, and Realtors should understand the process if they hope to avoid delays. While the new rules become effective no later than April 5, 2010, lenders have been encouraged to make them official as…
Average South Beach condo prices 2006-2009
Following up on yesterday’s post, here’s a little more insight on how prices of South Beach condos have developed from 2006 to date. The average sold px has actually increased every year from 2006-2008 and then dropped drastically in 2009. Now keep in mind that is the average of all condos sold in South Beach…
South Beach Condo Stats Q3 2009
The condo market in South Beach has been fairly steady with no major up or downswings throughout the third quarter of 2009. The biggest outlier I’ve seen is that the average list & sales prices increased drastically from August to September 09 Here’s the same graph showing list vs. sale price averages in $ per sqft….
Welcome to my new blog
Please excuse the layout while I’m working on having this blog updated to reflect my site’s layout and branding. In the meantime, let’s focus on content. I am planning on providing regular updates on the South Beach Condo market, like market statistics and interesting facts. Stay tuned.
