and deals including REO’s and

Sunny Isles Oceanfront Views

great Miami Beach condo deals alike. Here are new luxury condos meeting those requests. An ocean view from a condo is manageable in the price range of 500 to 750k. I do believe that prices could go down in the next 6 to12 months. It may be nominal as far as continued depreciation along the ocean. I believe a cash buyer can find the very best value in the following 18 months. Buyer’s needing financing better jump on the bandwagon as interest rates rise. I am working with MANY cash buyers who are purchasing (typically Bank Owned REO’s & short sales) in today’s waterfront market. My statistics differ from media reports based on an analysis on a “micro location” of only Miami Beach oceanfront. Since JAN08 inventory is shrinking. Since MAY08 pending sales have and are doubled over 1st quarter in Sunny Isles real estate, South Beach and Miami Beach. While inventory has decreased in Bal Harbour, pending sales are staying consistent.