Tag: South Beach luxury condos

The Miami Beach Real Estate RE-Views for October 2010

by on Oct.05, 2010, under Bal Harbour Condos, Buyers of South Florida, Condos and Development, Luxury Residential Market, Miami Beach Condos, North Bay Village Condos, Seller's of South Florida, South Beach Condos, Sunny Isles Beach Condos

The summer time buyer mentality is that Miami Beach real estate sales slow down and although a steady confidence builds, the month of September again proved it to be so…

Statistics for the month reflect 4,434 total condos for sale along the oceanfront communities of South Beach, Miami Beach, Bal Harbour, North Bay Village and Sunny Isles Beach and down 5% over this time last year; down 2% over last month:

** South Beach Condos: 1,621 for sale | 58 Sales in last 30 days | Average Days on Market 138 | Average Buyer Discount 4% | Average PPSF Asking $337/Sold $311
** Miami Beach Condos: 1,205 for sale | 39 Sales in last 30 days | Average Days on Market 150 | Average Buyer Discount 6% | Average PPSF Asking $255/Sold $236
** Bal Harbour Condos: 232 for sale | 4 Sales in last 30 days | Average Days on Market 147 | Average Buyer Discount 9% | Average PPSF Asking $380/Sold $332
** North Bay Village Condos: 232 for sale | 12 Sales in last 30 days | Average Days on Market 79 | Average Buyer Discount 3% | Average PPSF Asking $136/Sold $130
** Sunny Isles Beach Condos: 1,144 for sale | 51 Sales in last 30 days | Average Days on Market 142 | Average Buyer Discount 4% | Average PPSF Asking $240/Sold $231

Seasonal demand is huge and short term luxury rentals are rare. Customers will be in for the holidays to enjoy the bliss of Miami during winter and to explore the vast opportunity along Miami-Dade County Beaches. For more information on oceanfront locations, buildings or statistics simply write, find me on ‘Live Chat’ or call me toll free at 1.888.383.7326.

September 2010 - Real Estate Statistics for the Miami Beaches

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Miami Beach Boasts an Amazing.. Parking Garage?!

by on Aug.31, 2010, under Community Information

Yes, it’s true with South Beach Lincoln Road showcasing a new parking garage “masterpiece” hailed as one of the best architectural designs of the year. This new garage is news worthy in the fact of its artistic curb appeal and excellent addition to the North West gateway to Lincoln Road’s pedestrian promenade across from the Lincoln Theater. Featuring ground level retail with shopping, dining, residential living and an open space (300 car) parking experience for Miami’s residents and visitors.  Constructed of concrete & glass, 1111 Lincoln Road is described by architect Jacques Herzog as pure Miami Beach; “all muscle without cloth.”

Preview the Parking Garage Floor Plan here.

Visit the Photography Blog Garage Post by Dezeen.

The condo residences offer immediate access to Lincoln Road within a peaceful retreat plus an urban energy like no other. Residential interior square footage consists of 2,500 light filled, Lincoln Road condos. The ground level retail boasts 40,000 square feet for 11 well positioned, street level concept stores, three restaurants as well as a 5th floor retail store. There is additional office space, offering 110,000 square feet of commercial space for creative businesses. This structure was developed with an awesome rooftop floor area for large events and outfitted with 25,000 square feet including catering & audio visual equipment for outstanding entertainment when hosting world class events.

The Lincoln Road garage which cost $65 million to build and opened earlier this year, can be rented out for parties & weddings. For more information contact me today to provide you with more information on whatever aspect of 1111 Lincoln Road interests you the most… 1.888.383.7326. On a good note, you don’t have to worry about parking!

Developers Video

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South Beach Condo Market & Pricing Trends – A 2.5 Years Sales History

by on May.13, 2010, under Buyers of South Florida, Condos and Development, South Beach Condos

Have we seen the bottom and when was it exactly? Is this the “bouncing bottom” or did “rock bottom” hit already with continued improvements in 2010 as South Beach condo inventory decreases? I’ve been wanting to know this too and we’ll soon discover South Beach condo pricing trends over the past 2.5 years and onwards as this year continues..

Yes, I have been absent from blogging. As KT once said, I’m a Realtor (Broker) first and blogger second (maybe third) but I will always have a passion voicing my opinions, analyzing the facts and speaking out loudly here for other to see and know. My personal business is explosive this year with normal sales, REO’s, short sales selling and buyers on an all time high with renewed confidence in the Miami “Beach” condo market since mid-2009. I believe it was the latest MiamiDreamRealty blog where I became overwhelmed, had to step back for awhile, and build a killer real estate team to handle the leads across the Miami Dade County beaches; finally finding & making time to blog here again!

South Beach (1st to 30th Streets) MIAMI Condo Pricing Trends:

2008 (873 total sales | Average SP/PSF $461)

January47 Sales at an average selling price per square foot of $515 and 92% SP/LP% (average buyer discount of 8%)

February48 Sales at an average selling price per square foot of $472 and 90% SP/LP% (average buyer discount of 10%)

March76 Sales at an average selling price per square foot of $467 and 91% SP/LP% (average buyer discount of 9%)

April86 Sales at an average selling price per square foot of $487 and 90% SP/LP% (average buyer discount of 10%)

May103 Sales at an average selling price per square foot of $492 and 91% SP/LP% (average buyer discount of 9%)

June98 Sales at an average selling price per square foot of $513 and 92% SP/LP% (average buyer discount of 8%)

July90 Sales at an average selling price per square foot of $468 and 92.5% SP/LP% (average buyer discount of 7.5%)

August80 Sales at an average selling price per square foot of $418 and 89% SP/LP% (average buyer discount of 11%)

September69 Sales at an average selling price per square foot of $470 and 92% SP/LP% (average buyer discount of 8%)

October62 Sales at an average selling price per square foot of $377 and 91% SP/LP% (average buyer discount of 9%)

November39 Sales at an average selling price per square foot of $364 and 91% SP/LP% (average buyer discount of 9%)

December75 Sales at an average selling price per square foot of $419 and 90% SP/LP% (average buyer discount of 10%)

2009 (912 total sales | Average SP/PSF $368)

January49 Sales at an average selling price per square foot of $457 and 88% SP/LP% (average buyer discount of 12%)

February55 Sales at an average selling price per square foot of $348 and 93% SP/LP% (average buyer discount of 7%)

March69 Sales at an average selling price per square foot of $368 and 91% SP/LP% (average buyer discount of 9%)

April71 Sales at an average selling price per square foot of $346 and 91% SP/LP% (average buyer discount of 9%)

May 82 Sales at an average selling price per square foot of $381 and 89% SP/LP% (average buyer discount of 11%)

June104 Sales at an average selling price per square foot of $370 and 91% SP/LP% (average buyer discount of 9%)

July77 Sales at an average selling price per square foot of $356 and 90% SP/LP% (average buyer discount of 10%)

August80 Sales at an average selling price per square foot of $334 and 89% SP/LP% (average buyer discount of 11%)

September80 Sales at an average selling price per square foot of $396 and 92% SP/LP% (average buyer discount of 8%)

October75 Sales at an average selling price per square foot of $364 and 93% SP/LP% (average buyer discount of 7%)

November88 Sales at an average selling price per square foot of $334 and 90% SP/LP% (average buyer discount of 10%)

December82 Sales at an average selling price per square foot of $388 and 92% SP/LP% (average buyer discount of 8%)

2010 (so far.. 640 sales | Average SP/PSF $355)

January69 Sales at an average selling price per square foot of $353 and 92% SP/LP% (average buyer discount of 8%)

February75 Sales at an average selling price per square foot of $328 and 93% SP/LP% (average buyer discount of 7%)

March132 Sales at an average selling price per square foot of $335 and 94% SP/LP% (average buyer discount of 6%)

April89 Sales at an average selling price per square foot of $408 and 92% SP/LP% (average buyer discount of 8%)

PS. 2007 Sales Totaled 867 at an average PPSF of $504!

South Beach Views

Check out more Miami Beach & Sunny Isles Real Estate juice here on Facebook! YouTube, Twitter, etc. Or you can easily reach me toll free at 1.888.383.DREAM (37326).

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Caribbean Condos South Beach Bulk Deal Selling Out Fast

by on Feb.25, 2010, under Buyers of South Florida, Condos and Development, South Beach Condos

Caribbean Condos South Beach The Real Estate Channel reported this week that the Caribbean Tower South Beach bulk sale (August 2009) is showing great returns for the investor that took on the risk. The bulk buyer, 3737 Caribbean Group LLC, has sold a combination of 35 units in the 107 unit complex consisting of two towers both the new 19 story tower and the original 35 unit Art Deco Caribbean. The bulk sale was reported to be between $50-55M averaging $323-355 psf for each unit which are now selling from $550-650 psf many of which are under contract today. Prior to this new positioning on price the units were asking around $865 psf so for South Beach real estate, there is a solid demand at these new values.

South Beach luxury condos – Last 90 day comp sales report Caribbean Stat Report

Caribbean Condos for Sale | Caribbean Condos for Rent

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