houses: 7 Miami Beach Homes Sold in July 2008 - 08/02/08 04:46 PM
There were only 7 reported sales of single family homes in the MLSfor July 2008 at prices ranging from $600,000 to $2.65 million. The sales price was on average 87% of the list price and was on the market an average of 190 days. Of course, the one house that was on the market for 562 days does kind of throw this average off, making it really closer to 130 days on market. With 444 homes currently for sale, the recent sales activity would mean that only 1 in 60 homes that are on the market right now are selling each … (0 comments)

houses: Waterfront Houses for Sale in and around Miami Beach for under $1 million - 07/26/08 10:18 AM
Currently, there are 38 waterfront houses for sale for less than $1.2 million in Miami Beach, Surfside, Eastern Shores (North Miami Beach) and Belle Meade. The average selling price these days ranges from 85% to 90% of the list price, so most of these can be bought for less than $1 million, however, each seller is different and their motivation and reasons for selling may vary as well. Of the 38 in this price range, there were 11 that caught my eye as the most promising. They all have at least 3 bedrooms and 2 full bathrooms. Some have pools and … (1 comments)

houses: Best Deals for Luxury Waterfront 3 Bedroom Condos in South Beach - 07/26/08 10:05 AM
These condos in South Beach represent the best values right now in luxury waterfront condo buildings. Given the current market here, there is flexibility with most of these listings. I have included the ones that represent the best deals on the MLS. There are not too many really distressed 3 bedroom waterfront condos in South Beach. This includes bank owned properties, REOs and short sales in South Beach. I did come across one short sale in the 3+ bedroom range, which was for $5.4 million (priced too high given the property and that it is a short sale).
The best values … (0 comments)

houses: Miami Beach Waterfront Homes-Report on Available Listings - 07/26/08 09:51 AM
There are a total of approximately 323 waterfront houses currently available that are in Miami Beach and Surfside, Bay Harbor Islands, Bal Harbour, Sunny Isles and Eastern Shores, which are all on the beach side of Biscayne Bay and within 10-20 minutes away from South Beach. I also included waterfront homes in northeast Miami in the Miami Shores, Morningside, Belle Meade and Baypoint neighborhoods as these are all have ocean access through Biscayne Bay and are within 5 miles of Miami Beach.
The other criteria are a miniumum of 3 bedrooms and 2 full bathrooms and a swimming pool.
Based on the above criteria here is … (0 comments)

houses: Market Report for Miami Beach Condos -Zip Code 33140 for June 2008 - 07/19/08 04:19 PM
Currently there are 1,012 condos for sale in Miami Beach zip code 333140, which is also known as Millionaire's Row. In June 2008, 21 condos sold for an average of $547,000 and was on the market for an average of 119 days. The median price was $485,000 and the sold price to list price percentage averaged 90%. 34 units went pending or into contract. 
For more information about Miami, Miami Beach and the surrounding areas, please contact us at 786.553.0697, or email us. Visit our award winning website at www.HomesForVIPs.com. We are here to help you learn more about the different … (0 comments)

houses: South Beach Condo Market Report for June 2008 - 07/19/08 04:12 PM
 
Currently there are 2,185 condos for sale in South Beach. In June 2008, 76 condos sold for an average of $828,000 and was on the market for an average of 132 days. The median price was $408,000 and the sold price to list price percentage averaged 89%. 115 units went pending or into contract, which is the third month in a row that over 100 went pending. 
For more information about South Beach, Miami, Miami Beach and the surrounding areas, please contact us at 786.553.0697, or email us. Visit our award winning website at www.HomesForVIPs.com. We are here to help … (0 comments)

houses: Miami Beach Single Family Home Market Report for June 2008 - 07/19/08 03:50 PM
There are currently 453 single family homes for sale in Miami Beach. In June 2008, 12 houses sold for an average of $2,079,000 and was on the market for an average of 112 days. The median price was $1,910,000 and the sold price to list price percentage averaged 87%. It seems the market has slowed some as only 9 houses went into contract or pending. Half of the houses sold were waterfront.
For more information about Miami, Miami Beach and the surrounding areas, please contact us at 786.553.0697, or email us. Visit our award winning website at www.HomesForVIPs.com. We are here to … (2 comments)

houses: June 2008 Market Report for Single Family Homes in Miami-Dade County - 07/12/08 03:00 PM
In June 2008 in Miami-Dade County, the inventory increased, sales decreased slightly and pending sales increased over the last month. Compared to a year ago, the inventory is up over 20% and sales are down over 35%.
Currently there are 17,474 single family homes available for sale; 443 homes sold for an average price of $504,000 and was on the market for an average of 114 days. The median price was $288,000, the lowest level in several years. 739 homes went pending in June (into contract), which is the highest amount in 18 months.
For more information about real estate in Miami, Miami … (1 comments)

houses: One of a kind condo (6,500 sf) with 3,000 sf terrace on exclusive island near Miami - 07/05/08 12:43 PM
This trophy property on Fisher Island is definitely one of a kind! It is available for $9.9 million on Fisher Island, which is an exclusive island located next to South Beach right across the Government Cut and is only accessible by ferry or helicopter.

This ground floor condo with approximately 6,500 sq.ft of living area and 3,000 of terrace is magnificently remodeled. With over 100 ft. on bay, brand new split A/C, huge master bath with endless pool, Crema Marfil marble and Brazilian Cherry, Viking appliances, indoor/outdoor sound system, bay and direct city views, 3 car parking spaces, 2 golf cart … (0 comments)

houses: The Media and "Experts"Continue to Exaggerate ...Scaring Buyers Away (Part Two) - 06/28/08 04:57 PM
Regarding the media and well-respected experts - case in point is the S & P/Case Schiller Index, a widely respected housing index, stating earlier this month that Miami housing prices have declined by 26% in the last year. I am not sure how they are extracting these numbers, because the reports that I have been looking at for months now that are extracted from the most recent MLS statistics show something quite different.
The answer is that in some markets and in some areas within the counties the prices have depreciated from their highs, which were inflated to begin with, however, … (0 comments)

houses: Increased Activity in Miami Beach Market - 06/21/08 01:39 AM
In the Miami Beach area, inventory levels are virtually unchanged in the last 12 months with only a 3.6% increase from 12 months ago, whereas, unit sales are down 49.5% from one year ago. In the last 3 months, the number of transactions that are pending (went into contract) is up 108% and the number of closed sales is up 46% in March from the low of December 2007, so we think that we are very close to the bottom of the market for waterfront property here, and we see the demand steadily increasing over the next several months signifying a … (2 comments)

houses: Miami Beach Houses-18 Good Values Under $1 Million - 06/21/08 01:25 AM
 

Here are some of the best values in single-family houses under $1 million in Miami Beach. The selections are a combination of best price per square foot, neighborhood and appearance of the house. Note that some of the houses I like because the way they are decorated, however, there are some included here that simply offer a very good value in a good neighborhood but may not be very appealing decor-wise. Please note that this information was extracted from the local southeast Florida MLS, so prices and availability may have changed due to market conditions.
There are a few houses … (0 comments)

houses: Miami and Florida Statistics for Distressed Properties and Foreclosures - 06/06/08 12:35 AM

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 properties.
There were an estimated 2,537,260 Pre-foreclosures, 1,518,436 properties in Auctions and 1,829,992 REOs, which total 5.885 million distressed properties nationally. This does not take into account homeowners who are late with mortgage payments or have not been reported.
Florida accounts for approximately 15% of all the distressed properties in the U.S.; California accounts for about 20%. In … (0 comments)

houses: Miami Beach Homes- Largest Price Declines - 06/03/08 11:49 PM
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 those currently listed, here are the 10 listings that have experienced the largest price declines on a percentage basis.
1100 Bay Drive -56% 4618 Post Ave -55% 1551 Stillwater Dr -50% 5850 Alton Rd -46% 1234 13 St -44% 1255 West Ave -44% 4365 N Michigan Ave … (1 comments)

houses: Miami Beach Real Estate Sales Statistics for April 2008 - 06/03/08 11:24 PM
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 - meaning 55 properties sold for less and 55 sold for more. Compared to April 2007, sales are down 27%, however they are up 5% from the prior month. Note that 80 of the 117 closed sales occurred in South Beach, the most expensive and exclusive area of … (0 comments)

 
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Michael Sahlman

e-PRO - Miami Beach Florida Luxury Homes

Miami Beach, FL

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www.HomesForVIPs.com - Keller Williams Realty

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