Miami Property Auction was a Success!

Miami Property Auction

flickr photo by cafemama

The Miami Property Auction was a Success! Successful in selling the majority of Miami Dade’s most undesirable foreclosed homes… There were over 300+ homes for auction, with the majority selling to end users as a primary residence and possibly 30% as investors snapping up rental properties before the market turnaround.

The average Miami home selling price may have been $150,000, with hundreds of people gathering for a long Sunday day. The company hosting the auction is REDC which does an excellent job at creating “the frenzy” needed to sell properties and many which, in my opinion, were at or slightly above market value.

What a lucrative business REDC has, with a 5% buyer premium added to each auctioned property… In 2008, REDC auctioned over 32,800 US properties!

North Bay Village Real Estate

I went with a friend and customer looking to purchase at Blue Bay Tower of North Bay Village Real Estate. There were only a few other selected potentials as investment condos, but each sold for more than we expected.

Miami Property Auction

  • Blue Bay Towers #1203 (3/2 at 1771 Sq Ft) Asking $299k Sold for $300,000
  • The Venetia PH-G (1/1 at 800 Sq Ft) Asking $135k Sold for $80,000
  • King Cole #321 (1/1.5 at 920 Sq Ft) Asking $109k Sold for $95,000
  • 401 Blu #800 (2/2 at 1287 Sq Ft) Asking $302,650 Sold for $210,000
  • Grand Venetian #2941 (2/2 at 1496 Sq Ft) Asking $269k Sold for $170,000

Call or email for the very best deals along Sunny Isles Beach, Bal Harbour & South Beach. If you’d like to receive local Miami Beach real estate news via blog postings & updates, you can easily be notified by email above every time a new posting occurs.

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South Beach to Sunny Isles Real Estate Sales & Marketing.

About Ashton Coleman

Ashton is a tech & social media savvy professional who understands the industry providing white-glove service with a wealth of experience, an impeccable reputation, and a keen ability to efficiently handle all facets of real estate. Ashton’s territory has grown significantly since 2002, marketing & selling extraordinary South Florida coastal real estate from Miami Beach to Lighthouse Point. A Certified Luxury Homes Marketing Specialist (Million Dollar Guild), with a multitude of other residential certifications, Ashton provides both exceptional service and unique selling techniques. His success is attributed to an unparalleled work ethic with years of experience including top-tier professional services where the ‘art of the deal’ is mastered in contract negotiations, deal-making intricacies and the end, results-driven real estate.

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