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Miami Beach Condos – Foreclosures and Truly Great Deals

With the current uncertain financial market and credit crisis exerting strong downard pressure on prices in housing market, I’d like to expose some of the best condo deals in South Beach luxury waterfront condos market. Every Buyer today is looking for a “great deal”, but how do we define this in today’s real estate market?…Read More »

Miami Beach Real Estate: Picking up Bargains – Now is the time!

It’s been a busy month for myself and my team, as we’re seeing strong buyer activity from so-called “Bargain Hunters”. I’ve intentionally avoided weighing in on the technicalities of the financial crisis and the future impact of the Paulson Plan, as there are many more qualified sources out there to give readers their analysis. However,…Read More »

South Beach Condos (South of Fifth)- Latest Closed Sales & Quick Market Update

Below are some highlights of closed condominium sales for the past 90 days for the more prominent South of Fifth Street buildings such as Murano at Portofino, Murano Grande, Continuum II South Beach and Continuum South Beach, Apogee Miami Beach, Portofino Tower and Icon South Beach. A total of thirty one (31) luxury condos sold…Read More »

South Beach Luxury Condos – Market Update

Below are sales statistics for the overall Miami Beach (South Beach) luxury condo market for the past three months : As of late July, there are 450 units for sale between $500K and $1.1M As of late July, there are 209 units for sale between $1.1M and $2.1M As of late July, there are 111…Read More »

Foreclosure Prevention

The foreclosure problem has left many struggling homeowners looking for a means of relief in order to avoid having to give up their cherished South Florida homes and thus become the next foreclosure statistic. While positive efforts are being made to stop foreclosures and give homeowners some relief, others are taking advantage of the foreclosure…Read More »

“TIPS for Sellers” in Today’s Market

Some useful tips to help you sell your Miami Beach home or condo. What Works: Be willing to contribute to Buyer’s Closing Costs Consider Seller Financing Offer to pay for Buyer’s Mortgage Points Get a Home Warranty Gimmicks that generally DO NOT work: Free Vacations Free TV’s and cars Non-related seller contributions Click on the…Read More »

South Beach Sales Update

I’d like to give a quick market update as well as some commentary on the latest sales that my team and I have been involved with: Condos Murano Grande #1906- $1,350,000 3 beds / 3baths ($667/S.F.) Waterfront Single Family Home Palm Island – 298 S. Coconut Lane $3,150,000 5 beds / 4 baths ($787/S.F.) Once…Read More »

Effective Home Buying

Home buying, regardless of how intricate it can become is essentially a more up to date form of the system merchants used in the past to sell their goods: bartering. The consumer (or buyer in this case) wants to pay as little as possible and yet the seller is looking for the biggest profit possible.…Read More »

Summertime Activities in South Beach

South Beach condo residents should be especially happy around this time of year now that the summer season is closing in. What does that mean? More time sunbathing on the glistening sands of Miami Beach, having lunch at al fresco cafes on Ocean Drive and checking out the upcoming and regularly held events in the…Read More »

South Beach Luxury Condos Market Report

Recently, I received in the mail a very comprehensive market snapshot from a local brokerage firm with a variety of confusing statistics gathered from the MLS comparing 2006 and 2007 Q2 sales for the more prominent buildings South of Fifth Street in Miami Beach. I’m astounded that in today’s real estate market, sales professionals are…Read More »