Newer homes with high-end features and amenities are a hot item in Miami Beach. These homes, built during the boom and predominately located on North Bay Road, are quite an upgrade from the older surrounding properties. With very few of these homes left in the area, buyers are starting to look
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04/14/2011
After the federal tax stimulus expired toward the end of 2010 the real estate market in Miami Beach cooled off but you wouldn't know that now. The first quarter of 2011 could very well be the strongest period of time for Miami Beach real estate since the housing bubble popped. While the volume o
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04/13/2011
Where did all the condos go? Unlike greater downtown Miami, which has a plethora of unsold condo units, downtown Fort Lauderdale has virtually no remaining new condos available for purchase. Of 5,100 units created in downtown Fort Lauderdale since 2003, only 160 new units remained unsold at the
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04/08/2011
The South Florida luxury real estate market has Brazilian’s to thank for the recent improvement. According to the Association of Foreign Real Estate Investors, Miami’s improving real estate market is a direct correlation to Brazil’s rising GDP. Brazil’s upper-middle class started purchasing real
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04/06/2011
It’s no secret that high-end residences in South Beach are getting scooped up left and right, so where are new buyers going for luxury oceanfront condos? Welcome to Sunny Isles Beach. For many buyers, purchasing in Sunny Isles Beach makes sense due to the fact that luxury condos in Sunny I
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04/05/2011
The town of Southwest Ranches in Broward County will hold a live public auction of 16 home sites in varying size from 1.09 to 1.51 acres on April 12th. The town, which was incorporated in 2000 and has over 7,000 residents, is located approximately 12 miles north of Miami. Sutton Ranches contain
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04/04/2011
I recently attended the Fountains on Ocean Boulevard real estate auction for clients looking to purchase a vacation home on the beach here in Florida. They had previously toured the Fountains property, a new construction luxury beach condo in Fort Lauderdale, as a potential building to purchas
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03/30/2011
For the second straight month South Florida home sales have increased. Broward County had a record 909 sales in February 2011, up 16% from a year ago, and Palm Beach County home sales increased 32% from the previous year. Home sales are ballooning partly due to investors paying cash, with all-c
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03/28/2011
A March real estate auction gave North Ocean Condos LP, the developer of a new Fort Lauderdale luxury condo complex, an opportunity to sell off a remaining 32,700 square feet of unsold space. With over 300 in-person and online bidders, 20 units in the Fountains on Ocean Boulevard were bid on and
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03/24/2011
Compared to past years, this February saw a 69% drop in foreclosure actions in South Florida. In February 2011 lenders filed less than 2,100 notices of default (the first step in the repossession process) in Miami-Dade, Broward, and Palm Beach counties. This is good news compared to 6,700 forec
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03/22/2011
