The Miami Condo Blacklist was Just Released on the High-Risk Areas of Miami-Dade County, and it’s painful to review! A new article has just been released by the South Florida Business Journal showing Bank United’s “Condo Blacklist.” These are the high-risk condo properties that this bank will not be issuing loans to now and possibly […]
Amendment 1 has been Approved for new Tax Savings. Voters have said yes to Amendment 1. Realtors around the state expect buyers’ and sellers’ pent-up housing demand to generate an immediate increase in home sales following the passage yesterday of Amendment 1, which allows buyers to now take their Save Our Homes tax savings with […]
What’s Actually Selling in 2008 for Oceanfront Condos in Miami Beach? What’s selling these days in Miami-Dade County? Everyone is asking… We will review the sales of Sunny Isles and Miami Beach real estate to see what buyers are finding as HOT buys along the ocean. Sunny Isles Beach Oceanfront Condos Sunny Isles oceanfront condos […]
Miami Beach Capital Improvement Projects; three sections of our City are well underway with Capital improvements. North Beach and South Beach have various stages of construction, and there are more on the way. Eighty percent of Miami Beach real estate improvement projects are ahead of schedule, so it won’t be long before you can enjoy […]
Are Investors jumping back into Miami Beach investment property? You bet they are! Want a positive cash flow with a minimum of 20% down? Today’s $1M investment (3BR at 2400 Sq Ft) will return around $6,000 in monthly rental income. Considering taxes of $1,500 and a Maintenance fee (Ave.) of $1,200, today’s interest rate at […]
Blood Bath in Miami Beach & Sunny Isles. Where is the bloodbath in Miami Beach and Sunny Isles… buyers want to know!? Today’s buyers are now placing frequent offers and soon find that sellers only accept 5 to 10% off the asking prices. What about 30 to 40 cents on the dollar? Where are the […]
Florida Real Estate Forecast 2008. Flattening and Recovering in the Coming Years? A new report from the Attorneys’ Title Insurance Fund Inc. finds that Florida’s housing market slowed in 2007 in nearly every county it analyzed. The report also showed that real estate markets flattened out in the spring of 2007 before the subprime mortgage […]
Florida doesn’t follow tourism trends; it makes them. So, it’s no surprise that Tourism and Spa Life in Miami Beach, one of the fastest-growing branches of tourism, is booming. More than 100 major resort spas have sprung up throughout the state, appealing to a range of tastes, budgets, and lifestyles, from clothing optional to black […]
Miami Ranked First for Business Start-Ups! With its dynamic business climate, the Miami metro area ranked first in the country on the 2007 Kauffman Index of Entrepreneurial Activity. This annual study measures business start-up activity across the United States. IEC expects the Miami-Dade area to rank near the state’s top per capita personal income level, […]
International Buyers of Miami Beach Real Estate; Miami Beach Real Estate values have been dropping for the last 18 months. What we see is high inventory and a good selection everywhere. I believe that besides each market being “local,” we will soon see another local separation between the Beaches and the mainland of Miami. While […]
Most expensive property for sale in Miami Beach real estate: $32 Million (December 2007) $175 million sale sets new U.S. residential sales record. The U. S. housing market overall may be suffering from the doldrums, but wealthy home buyers continue to invest in homes at the very top of the market. Evidence of the strength […]
Ashton Coleman | One Sotheby's International Realty
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