North Bay Road Real Estate News-Recap 2010 For single family homes in North Bay Road, here are the 2010 statistics, newsworthy sales and current listings for sale there. In North Bay Road, there were 19 closed sales in 2010 of which 8 were waterfront properties. The average sale price was $2,899,368, or $550 per square foot. They sold on average for 85% of the list price in 234 days (average days on market). The highest sale was for $12,333,000 located at 6369 N Bay RD, which was $1,347 per square foot and occurred on September 24, 2010. The lowest sale was for $400,000 located at 4465 N Bay RD, which was $158 per square foot and occurred on June 30, 2010. Three houses on North Bay Road are currently in contract or pending sale. With 34 homes currently available for sale, the current ... 01/13/2011

  Sunset Islands Real Estate News-Recap of 2010 For single family homes in Sunset Islands, here are the 2010 statistics, newsworthy sales and listings for sale there. In Sunset Islands, there were 7 closed sales in 2010. The average sale price was $1,729,500, or $464 per square foot. They sold on average for 89% of the list price in 270 days (average days on market). The highest sale was for $2,115,000 located at 2820 Lake AV, which was $448 per square foot and occurred on March 26, 2010. The lowest sale was for $850,000 located at 2120 Lucerne AV, which was $464 per square foot and occurred on December 3, 2010. One house on Sunset Islands is currently in contract or pending sale. With 14 homes currently available for sale, the current absorption rate is about 24 months to sell all of t... 01/13/2011

  Venetian Islands Real Estate News-Recap of 2010 For single family homes in Venetian Islands, here are the 2010 statistics, newsworthy sales and listings for sale there. In Venetian Islands, there were 12 closed sales in 2010 of which 6 were waterfront properties. The average sale price was $1,314,583, or $411 per square foot. They sold on average for 85% of the list price in 202 days (average days on market). The highest sale was for $3,000,000 located at 239 E Rivo Alto DR, which was $750 per square foot and occurred on June 1, 2010. The lowest sale was for $450,000 located at 116 Rivo Alto TE, which was $210 per square foot and occurred on May 12, 2010. Two houses on Venetian Islands are currently in contract or pending sale. With 35 homes currently available for sale, the current a... 01/13/2011

  South Beach Real Estate News-Recap of 2010 For single family homes in South Beach, here are the 2010 statistics, newsworthy sales and listings for sale there. In South Beach, there were 43 closed sales in 2010 of which 19 were waterfront properties. The average sale price was $1,828,797, or $468 per square foot. They sold on average for 85% of the list price in 275 days (average days on market). The highest sale was for $11,950,000 located at 55 Palm AV, which was $981 per square foot and occurred on June 16, 2010. The lowest sale was for $265,000 located at 1255 West AV, which was $174 per square foot and occurred on September 29, 2010. 15 houses in South Beach are currently in contract or pending sale. With 96 homes currently available for sale, the absorption rate is about 27 month... 01/13/2011

  Palm Island Real Estate News-Recap of 2010 For single family homes in Palm Island, here are the 2010 statistics, newsworthy sales and listings for sale there. In Palm Island, there were 3 closed sales in 2010 of which 3 were waterfront properties. The average sale price was $5,875,000, or $911 per square foot. They sold on average for 82% of the list price in 539 days (average days on market). The highest sale was for $11,950,000 located at 55 Palm AV, which was $981 per square foot and occurred on June 16, 2010. The lowest sale was for $2,425,000 located at 216 Palm AV, which was $810 per square foot and occurred on September 16, 2010. One house on Palm Island is currently in contract or pending sale. With 13 homes currently available for sale, the current absorption rate is about 52... 01/13/2011

  Star Island Real Estate News-Recap of 2010 For single family homes in Star Island, here are the 2010 statistics, newsworthy sales and listings for sale there. In Star Island, there was 1 closed sale year-in 2010 which was a waterfront property. The only sale  this year was for $7,250,000 located at 44 Star Island DR, which was $1,536 per square foot and occurred on February 25, 2010. It sold on average for 83% of the list price in 39 days (average days on market). No house on Star Island is currently in contract or pending sale. With 4 homes currently available for sale, the current absorption rate is about 48 months to sell all of the current inventory. Waterfront Properties on Star Island The least expensive waterfront property for sale in Star Island is $9,875,000 and is located at... 01/13/2011

  Pinetree Drive Real Estate News-Recap of 2010 For single family homes in Pinetree Drive, here are the recent statistics, newsworthy sales and listings for sale there. In Pinetree Drive, there were 14 closed sales in 2010 of which 7 were waterfront properties. The average sale price was $1,950,429, or $395 per square foot. They sold on average for 84% of the list price in 249 days (average days on market). The highest sale was for $5,250,000 located at 5245 Pinetree DR, which was $691 per square foot and occurred on September 2, 2010. The lowest sale was for $524,000 located at 6060 Pinetree DR, which was $240 per square foot and occurred on September 15, 2010. One house on Pinetree Drive is currently in contract or pending sale. With 29 homes currently available for sale, the current ... 01/13/2011

  Normandy Golf Real Estate News-Recap of 2010 For single family homes in Normandy Golf, here are the 2010 statistics, newsworthy sales and listings for sale there. In Normandy Golf, there were 17 closed sales in 2010 of which 9 were waterfront properties. The average sale price was $558,688, or $230 per square foot. They sold on average for 89% of the list price in 126 days (average days on market). The highest sale was for $1,600,000 located at 1045 N Shore DR, which was $464 per square foot and occurred on February 3, 2010. The lowest sale was for $239,900 located at 515 Fairway DR, which occurred on October 4, 2010. Two houses on Normandy Golf are currently in contract or pending sale. With 13 homes currently available for sale, the current absorption rate is about 9 months to sell ... 01/13/2011

Love the beach and want to be steps away from it all?  It's all here in SOFI!  The Miami Beach area south of 5th avenue boasts beautiful bay front parks, clubs, bars, and some of the hottest condos and townhouses in Miami!  Most residences feature ocean and city views that will take your breath away. The neighborhood also mixes some of the hottest historic Miami Art Deco architecture by the side of contemporary glass structures.  Just steps from your door you can work out or take the dog to South Pointe Park, have dinner at Smith and Wollensky's and Prime 112 or a number of other fantastic restaurants.  In addition, this extremely desirable neighborhood boasts some of its best real estate deals in a decade.  Condos formerly priced in the $1.2M range can be picked up for pennies on the d... 12/19/2010

MIAMI -- Foreign tourists who for years have crowded Florida's shopping malls to buy clothes and electronics, are now flocking to real estate offices to snatch up apartments and homes at bargain-basement prices. The investors, mainly from Europe and Latin America, are jostling over apartments in Miami's trendy South Beach neighborhood selling for $70,000-$100,000, and in less exclusive areas to the north where they start at around $50,000."The buying opportunities are maybe the best ever. Who knows if we'll see prices again like today's in Miami Beach," Keys Real Estate agent Michelle Iglesias told AFP.Property prices in Miami have fallen by almost half (47%) since the real estate bubble peaked in 2006, according to Standard & Poor's Case-Shiller 20-City Home Price index.Analysts predic... 12/16/2010

A trio of historic buildings in Miami Beach has been purchased by South American real estate and hotel group Lennox Miami Corp.The $14.7 million sale included the 62-room Peter Miller Hotel at 1900 Collins Ave.; the 12-unit Miller Apartments at 229 19th St. and the 12-unit Peter Miller Apartments at 1915 Liberty Ave. All of the buildings were designed in the 1930s by architect Russell Pancoast. The seller was Kabo Realty Corp., based in Miami. M1 Hospitality Group, a division of real estate brokerage and investment firm Metro 1 Properties in Miami, represented both parties.Plans for the properties have not been announced, but the broker said the new owners could potentially add more rooms as well as a pool and spa to the hotel.-- HANNAH SAMPSON · Ex-UBS banker enters plea: A former bank... 12/15/2010

After the long period of waiting, when you finally get to accumulate the funds to afford a Property, you start looking for prospective homes. After some days of consideration, you produce up your mind to purchase a specific Home. Regardless of the fact that that you are experienced or not, the mile long list of essentials for Buying a Property will surely bewilder you. Property sellers, bucks lenders and Miami Real Estate agents have every Correct to stipulate for relevant documents so that they might rightly evaluate your ability to pay them back. When you fail to submit even one of these documents, your preferrred Dwelling will stay a ideal forever. to prevent such a situation, you should be mindful beforehand, of the essentials, so which you may instantly produce them when needed.Lis... 12/10/2010

Giant Pink Snails Threaten the Miami Beach Condo Market. Giant pink snails measuring almost eight feet high have invaded tony Miami Beach, Florida! They can be seen singly and in pairs in every neighborhood of the city. ALmost forty-five have benn sighted so far. Unlike their normal smaller counterparts, which are known to move rather slowly, these giant pink snails are incredibly fast. So fast, in fact, that their movements cannot be discerned by the human eye...they just appear to sit quietly still in all there pinkness along city streets and in public parks while actually capturing and eating the children of unwary tourists. As you can see in the picture, two unsuspecting children are about to be consumed. Giant Pink Snails Threaten Miami Beach Condo Market All this high speed moveme... 12/10/2010

It's that time of year when the temperatures dip and our friends and family from the chilly northern portion of the country look for escapes to the sun and sand of South Florida!  I personally spent this last weekend in one of my favorite cities, almost a home away from home, New York City! It was a fabulous weekend filled with holiday shopping in SOHO, taking in the seasonal flair in Bryant Park and catching a fantastic show like "Promises, Promises" which had an amazing cast!  All that aside after just days of the blistery weather of Manhattan, I can definitely tell why seasonal rentals in Miami and Ft. Lauderdale are so desirable.  Seasonal rentals come with a price tag however, and starting your search for a seasonal rental too late may just be a costly mistake that limits availabil... 12/08/2010

Miami, FL - Total cumulative pending home sales - including single-family homes and condominiums - in Miami-Dade County increased 26 percent in November compared to a year earlier, from 8,288 to 10,495, and increased 2.3 percent, up from 10,264, compared to the previous month according to the MIAMI Association of REALTORS and the Southeast Florida Multiple Listing Service (SEFMLS). November marks the fourth consecutive month of increased pending home sales in Miami-Dade County. A sale is listed as pending when a contract is signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing. "As an indication of future sales, consistently increasing pending sales is a very positive sign for the South Florida real estate market," said Jack ... 12/03/2010

New Yorkers who regularly visit Miami often talk about how hard it is to get any work done there - how the city's lazy, beautiful people just bounce around to beaches, restaurants, hotel lounges, nightclubs, house parties and boat parties.But the reality is more complicated. There's no other American city that works this hard at partying and is full of so many people hustling for business while they're partying. And this is especially true when it comes to selling real estate during the Miami social season, which kicks off with a big splash this week as Art Basel and dozens of satellite events take over South Beach and beyond.Miami is always a place where out-of-towners can show up to a random apartment party, mention that they might want to buy a vacation home and find themselves talki... 12/02/2010

At a time international investors are drawn to Miami's real estate bargains, the government's EB-5 visa program is an attractive vehicle for them to invest here in exchange for US residency.Exclusive Visas, an EB-5 consulting firm based in Weston, is advising developers of several projects that would boost the local economy and create jobs while offering participating investors permanent residency for them and their families.These projects include the University of Miami's Life Science and Technology Park, rising in Miami's health district, and the planned construction of 50 Sonic fast-food restaurants throughout Miami-Dade and Broward counties.Fred Burgess, president of Exclusive Visas, has been a practicing attorney for 20 years and got involved in the EB-5 program in 2007.His firm ad... 12/01/2010

Commercial real estate markets are stabilizing nationwide and will modestly improve in 2011, according to the latest National Association of Realtors economic outlook released Monday.The outlook cited a recent commercial real estate index by The Society of Industrial and Office Realtors, which reported a 1.6% increase in the third quarter, to 42.6 on the index. This is the fourth consecutive quarter of improvement in the index, however, it still remains well below normal.The index is measured on a scale to 100. An index of 100 represents equilibrium in the commercial marketplace.NAR's chief economist, Lawrence Yun, said that signs of stabilization in the market are due primarily to an increase in demand for commercial space, which "means overall vacancy rates have already peaked or will... 11/29/2010

MIAMI - - When Efrain Hernandez couldn't seal a deal before the first-time home buyer tax credit expired this year, he lost faith that he would ever own a house in this real estate climate.But the enforced wait got him more than the $8,000 federal tax credit.Hernandez negotiated a contract on a five-bedroom, three-bath home in a development near Homestead, Fla., talking homebuilder Lennar into $40,000 off the list price, getting it to pay $18,000 in closing costs and scoring a $7,500 no-interest loan from Miami-Dade County to lighten his down payment."I was finally able to buy the house of my dreams," Hernandez said.Though cash is now king, new homeowners such as Hernandez are finding ways to buy homes - well-kept ones with current mortgages.After a long drought, money is becoming avail... 11/24/2010

Miami, FL -- The median sales price of single-family homes in October in the Miami Metropolitan Statistical Area increased 12 percent to $199,100 from a year earlier, according to the MIAMI Association of REALTORS and the Southeast Florida Multiple Listing Service (SEFMLS). Miami was one of only three home markets and the only major metropolitan area in Florida posting an increase for median sales price of single-family homes. Compared to the previous month, the median sales price rose six percent. "Rising median sales prices reflect strengthening and stability of the Miami real estate market," said Jack H. Levine, 2010 Chairman of the Board of the MIAMI Association of REALTORS. On the other hand, the median sales price of condominiums in the Miami MSA dropped 22 percent in October, to ... 11/23/2010