Miami Beach and South Beach Real Estate Blog

Currently there are 475 residential real estate listings in Key Biscayne. In April, there were 21 closed sales in Key Biscayne that sold for an average of $1,016,00 at 91% of the asking price and were on the market for an average of 152 days before they went to contract. The average price per squ...

In Miami(Miami-Dade County) 829 homes and condos sold in April with sales prices that were 89% of asking price. The average sales price was $510,000 and the median price was $280,000 and stayed on the market for 128 days. Call 1-800-639-3520 Ext. 9009 for Free Reports on Miami (our 24-hour record...

As of May 11, 2008, the following statistics were found relating to distressed properties. Miami-Dade County currently has 113,127 Preforeclosures, 38,786 Auctions and 10,122 REOs, which totals over 162,000 distressed properties. The Miami area is believed to be #4 in number of distressed proper...

Here is an astonishing statistic that I uncovered as I was researching different homes listed for $1 million and up. There are currently 13 waterfront homes that I have no idea what they look like, because there are no photos in the MLS or Realtor.com. Another 7 homes only have one photo. These a...

Everyone has an opinion on this, so I may as well offer mine. We are at the bottom of the market in some neighborhoods in the Miami and Fort Lauderdale areas and in others we are not. One of the key determining factors is that the supply has been level for over 12 months in some areas like Miami ...

After I researched the condos, I became curious about the single family homes in the area. Here is what I found. Note that this information is based on the southeast MLS and is from May 2008, so some data may have changed. Currently, there are 467 single-family houses for sale in Miami Beach. Of ...

Out of curiosity the other day, I wanted to see which currently listed condos in South Beach have adjusted their prices down the most from the original list price. Keep in mind that this information has been extracted from the Southeast MLS and is based on the information provided there, so if th...

In the month of April 2008, there were 117 closed sales in Miami Beach, which includes both condos and single family homes. The average sales price was $949,578 at $455 per square foot and was on the market an average of 171 days before it went into contract. The median price was $425,000 - meani...

I had several experiences last month, which were truly entertaining. Most of the events involve traffic and parking. What a surprise. To protect the innocent, or in some of these cases, the not so innocent, the names have been changed. I was leaving one condo in Bal Harbour (near Miami Beach), an...

Here is the short version. Going into foreclosure can stay on your credit record for more than the 7 years they say, and your credit score typically goes down over 300 points, whereas, a short sale may cause a reduction of your credit score by 50-100 points and does not stay on your credit report...