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 balanced number of buyers and sellers in the market. This also indicates that prices will continue to rise going in the future.

Miami Condos Closed Vs Pended Sales - 2nd Qtr 2011

Read the latest Miami Condo Sales Report Here

Miami developers discount condos up to 50%

Buyers are taking advantage of the remaining developer inventory in Miami luxury Condos.

Currently there are fifty (50) new condominium towers in Miami-Dade County that still have unsold units. Most of these have been discounted from their boom pricing by from 25 to 50% depending on the building, how many units are left and who owns the property..

Some have just a handful of units remaining while others have 100′s..

Giant Pink Snails Threaten the Miami Beach Condo Market.

Giant pink snails measuring almost eight feet high have invaded tony Miami Beach, Florida! They can be seen singly and in pairs in every neighborhood of the city. ALmost forty-five have benn sighted so far.

Unlike their normal smaller counterparts, which are known to move rather slowly, these giant pink snails are incredibly fast. So fast, in fact, that their movements cannot be discerned by the human eye...they just appear to sit quietly still in all there pinkness along city streets and in public parks while actually capturing and eating the children of unwary tourists.

As you can see in the picture, two unsuspecting children are about to be consumed.

Giant Pink Snails Threaten Miami Beach Condo Market

All this high speed movement and mayhem is contributing to the troubled Miami Beach condo market. Condo owners have been seen staring glassy-eyed at the mammoth pink snails and signing contracts to sell there properties for pennies on the dollar...just to avoid the impending 99% slide and devaluation of all the condos values in Miami Beach.

Interviews with local official have yielded absolutely no plan to protect Miami Beach condo owners from these highly mobile, highly toxic and highly dangerous giant pink snails. These have just arrived on Thursday, November 18th, 2010...(which by the way, this is unofficially considered the start of the Miami Beach 2010/2011 Winter Season due to the thirty-eight percent increase in non-Florida licensed automobiles clogging the streets).

Currently, no one has seen these creatures copulating, but because of their high speed movement, it is possible that they are going to the many vacant Miami Beach condos and "doing it" out of sight in the middle of the night. Many condo owners have reported a low pitched "scooching" sound emanating from their empty neighbors apartments late at night. Concerns grow daily that as the giant pink snails start to reproduce that they will actually attempt to become residents of the city, buy condos and the apply for the homestead exemptions. The situation has gotten completely out of hand.

At a meeting of local raised-bed gardeners a call was put out for massive shipments of organic snail killer to be sprayed from orange Coast Guard helicopters but there is no money in the city budget to pay for this eradication. For more information on these outrageous invaders, please visit Giant Pink Snails and for more accurate information on the Miami Beach Condo market , please visit Miami Beach condos for sale.

50 Biscayne Condos For Sale

The 50 Biscayne is one of Miami's newest most luxurious condo towers. Designed by world class architect, Carlos Ott, 50 Biscayne is unique. You can't go wrong with an apartment in 50 Biscayne.

As of DATE the developer has closed 40% of the units in 50 Biscayne, and has become more aggressive with the pricing recently.

If you would like a complete analysis of the price per sqft at which recent sales have been closing, please contact us at the MiamiCondoLifestyle Team and we will prepare our market report for you.

About 50 Biscayne Condos

• Community: Miami Downtown
• Architect: Sieger Suarez Architectural Partnership
• Views: Bayfront
• Year Built: 2007
• Bedrooms: Studios, 1, 2 & 3
• Residence Size: 567 - 1789
• Pet Friendly: Yes
• Two per residence, up to 45 lbs
• Total Residences: 523
• Number of Stories: 54
• Price Range: $158,900 - $899,000

50 Biscayne Condos Downtown Bayfront

Studios start at $158,000, one bedrooms at $254,000, two bedrooms fron $310,000 and three beds from $568,000. Recent sales have been in the $325 to $375 per square foot range. 50 Biscayne apartments range in size from 567 to 1,789 sq ft

Click here for 50 Biscayne condos for sale.

Home Page for 50 Bicayne Condos

For more information or to schedule a showing, please call 305-321-7043, toll free or visit 50 Biscayne Bayfront Condos

Great post, Cynthia.  If all Realtors would use your "Chicken and egg theory" we would all make more money , save more time and have happier customers.  We are starting to ask for pre-approval or proof of funds letters for our listings prior to showings if they are not on a lockbox.  Why would I allow another agent to waste my time just because they are willing to waste theirs?

Miami Condo Lifestyle has added WalkScore rankings and local lifestyle map searches to every one of the over 400 condo buildings in Miami and Miami Beach.

Since over 90 percent of our buyers come from out of town or overseas, they must start their searches on the Internet.

Our clients tell us that this information is extremely helpful.

We have several neighborhoods in which many of the buildings rank over 90 which is considered a "Walker's Paradise"!!

These include South Beach condos, Brickell condos, Coconut Grove condos, Coral Gables condos and Sunny Isles Beach condos.

Just click on the individual building names in our community pages for access to thwe Local Lifestyle Map and Walk Score.

Walk Score deifnes f a score of below 50 th be "Car Dependent",  50 to 75  as "Somewhat Walkable" 75 to 90 as "Very Walkable" and over 90 as a "Walker's Paradise"

One of northern communities "Aventura" has mainly low "Somewhat Walkable" scores but the city has addressed the problem with a series of small shuttles bus routes that can transport local residents to the "Walkable" hubs in Aventura.

There is one shuttle sevice which runs up and down Collins Avenue from Bal Harbour to South Beach with one hour trips every hour stopping at Lincoln Road (Ritz-Carlton), the W South Beach, the Fontainebleau, Ball Harbour Shops and One Bal Harbor.  This might be a great shuttle to proespect for the really high end luxury clients we have or possibly their service staff!!!HA!!

There are multiple Bus routes throughout Miami-Dade county that work for residents and visitors as well.

When one clicks on the "Bigger Map" feature. this opens a complete list of all the amenities in the area.

For more details, please visit www.MiamiCondoLifestyle.com

 

 

 

 

 

<p>Miami Bank Owned Foreclosure Condos represent almost 34 percent of the annual Miami Multiple listing condo sales in 2010.  The number of available condos for sale is being absorbed at an astonishing rate of every eighty days.  This is a "SELLER'S MARKET" so one must be prepared and ready to go.</p>

<p>  Often, these are the best priced properties in Miami, but one must be really ready to go in order to actually buy them.  This includes arranging any financing requirements prior to searching for properties. It is also a good idea to find an experienced Realtor who works with banks regularly and knows how to navigate their process.  Being an "all cash buyer" puts you at the front of the line.</p>

<p>When you are ready to get started, ask yourself several questions.  Will this be my residence or an investment or second home?  Do I need a property in great condition or will a "fixer-upper" be OK? What will I do when I buy it...Flip it or keep it ?  You must set your goals before you start.<p>

<p>  For a complete list of all available properties, please visit Miami Bank Owned Foreclosure Condos. </p>

 

 

 

 

 

 

How to Buy a Short Sale Condo in Miami - Be Prepared!!

You probably already know the definition of a short sale...the asking price is below the sellers' mortgage payoff. So far, so good.

You probably have read that short sales are a good place to look for a bargain. Right again.

Now for the tricky part...since only about five (5) percent of the short sale listing gets sold...how can you be the one who gets one.

It is actually quite simple...Be Prepared.

Be Prepared...to pay cash. Less than twenty (20%) percent of the short sales are able to be financed.

Be Prepared...to have the transaction take eight to nine months. The average transaction time in Miami in 2010 is 265 days

Be Prepared... for the property to sell very close to the actual market value not the short sale asking price.

Be Prepared... for the bank to foreclose prior to the sale taking place.

Be Prepared... to be patient and not receive much if any information from the bank.

We are able to help short sellers get sold and short sale buyers get bargains on real estate in Miami and we would be happy to work with you...if you are ready to... Be Prepared.

For a complete list of well priced, bank-owned condos or properties in Miami and Miami Beach, CLICK HERE or call 1-800-433-5960 or "Contact Us" today at Miami Condo Lifestyle by clicking here.

New Luxury Miami Condos For Sale...ICON Brickell Half Off

Miami, Florida



That's right...you heard it here first.  Today I will begin a series of articles about the newest luxury condos that have been repriced and reduced to half of the asking price from the peak of the boom.  I am talking about brand new, luxury Miami condos that are located on the water with outstanding views, all amenities and style and priced to go...."mark 'em down and move 'em out" as my retail friends like to say.


The views at ICON Brickell condos in Miami are truly outstanding.  The crown jewel of the Related Groups building spree in the Brickell Avenue market. ICON Brickell apartments were originally contracted at over $700.00 per square foot.  Now you can get them for less that $350.00 PER SQ FT.

If you are not familiar with what life at ICON Brickell might be like take a look at the photos below.

ICON Brickell Bayfront Pool Deck

ICON Brickell Bayfront Condos

For more photos and information about the entire ICON Brickell project visit  ICON Brickell condos here and start living "La Dulce Vida".
 
ICON Brickell apartments range in size from 450 to 2,044 sqft and there are two-story Bayliner townhomes as well as the traditional flat units.

ICON Brickell prices for the Viceroy Tower :Studios - from $199,000, One bedrooms apartments start at $220,000 and two bedrooms at $370,000.  Recent sales have been in the $350 to $450 per square foot range. 

ICON Brickell prices for the Tower One: Studios - from $230,000, One bedrooms apartments start at $285,000, two bedrooms at $475,000 and three bedrooms at $845,000.  Recent sales have been in the $350 to $450 per square foot range.


And now for the best part:









Of course there are restrictions and the "fine print" but basically if you come to Miami and buy a condo with us, we will pay your round trip airfare.  Contact us for all the details!


For more information or to schedule a showing, please call 800-433-5960, toll free or visit www.MiamiCondoLifestyle.com to see ICON Brickell condos.

Isola Brickell Key Bayfront Condos - Miami, Florida
December 2nd, 2009
Miami Beach, Florida

Isola Brickell Key Bayfront Condos selling conditions have improved dramatically in the last twelve months.  One bedrooms apartments start at $120,000 and two bedrooms at $195,000.  Recent sales have been in the $175 to $225 per square foot range. 

One bedrooms are approximately 670-720 sqft and two bedroom apartments range in size from  995 to 1,025.

The real change has come in the reduced inventory for sale over the past year with a 68.7 percent decline while sales have averaged about three apartments a month.

Isola Brickell Key Bayfront Condos Inventory Down Drastically

Isola Brickell Key Bayfront Condos

Isola Brickell Key Bayfront Condos

Isola Condos - Brickell Key Bayfront Real Estate

Isola Condos offer 300 one and two bedroom residences, each with a private balcony offering spectacular city or bay views. With eight different floorplans ranging in size from 717 sqft one bedrooms to 1,121 sqft two bedrooms, this is the perfect affordable second home opportunity.

Isola Residences is located at 770 Claughton Drive on Brickell Key near the Brickell Avenue financial district in Downtown Miami. Isola has recently renovated all the apartments; making it one of the more attractive buildings on the island especially for investors and second home owners.

A well managed building with easy access to the financial district, clubs, restaurants and all that is the Brickell condo lifestyle. Isola is a great live and work location for Miami's young professionals.

Few communities like Isola Brickell Key offer downtown conveniences as well as the utmost in privacy and seclusion. That's what makes Isola condo residences so unique. Long commutes to work become ancient history; the Isola Brickell Key location is just minutes from the business centers of Brickell Avenue & downtown Miami. When it's time to relax, shopping, clubs, entertainment, sports, & recreation are just over the bridge. Isola Condos Brickell Key has twenty-three stories and 300 one and two bedroom residences. Each apartment has a private balcony with spectacular city and bay views - the Miami Bayfront lifestyle. Luxurious appointments abound within Isola Brickell Key Condominium, & a resort style pool, state-of-the-art fitness center, two tennis courts and; even a fully-equipped business center offer the maximum in convenience.

Isola Brickell Key Condo Residences incomparable location, luxurious appointments & idyllic island ambiance will provide you with the Miami Condo lifestyle youknow you want.

Isola Condo Residences - Driving Directions:

I-95 to exit 2 (Brickell). Go to Southwest 8th street, at the traffic light turn left (eastbound) onto southwest 8th street which becomes Brickell Key Drive. After you pass Brickell Avenue, go over the bridge and through the security gates, you will see the property sign for Isola Island Residences on your right.
For more information or to schedule a showing, please call 800-433-5960, toll free or visitIsola Brickell Key Bayfront Condos.