The Real Deal Miami

Posts Tagged ‘condo vultures’

  • Residential sale offerings increase in tri-county area

    Latest Condo Vultures data shows listings, pending deals rise for the week
    October 28, 2014 10:30AM
    South Florida housing inventory (Credit: Condo Vultures)

    South Florida housing inventory (Credit: Condo Vultures)

    Active listings for housing inventory in the South Florida region increased last week to 43,944, according to weekly data from Condo Vultures. [more]

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  • Top 5 most expensive existing condo listings in South Florida

    Compared to planned developments, these older properties qualify as bargains
    October 28, 2014 06:00AM
    big-image

    Clockwise from top left: Bedroom at 1500 Ocean Drive penthouse; living room at Four Seasons Residences; terrace at Continuum South Beach; entertainment area at Setai South Beach

    The South Florida real estate market raised eyebrows this year when some condos in new developments came with $50 million price tags. So far, one is in contract — the duplex penthouse at Faena House, although that sale was for an undisclosed “record-breaking” sum. [more]

    2 Comments
  • Out-of-town condo developers flock to South Florida

    Peter Zalewski tackles reader questions and opinions about the SoFla market
    October 24, 2014 03:30PM
    Peter Zalewski

    Peter Zalewski

    Question: Are we starting to see inexperienced developers coming into the market to try to ride the wave of growth here? That was a big issue last cycle. How can someone new-to-market thrive in South Florida?

    Anyone who has ever lived in or visited South Florida quickly realizes that the tri-county region is a proverbial melting pot where everyone – regardless of their background – has a chance to achieve economic success. [more]

    1 Comment
  • Greater Downtown Miami condo market faces new risk

    Peter Zalewski tackles reader questions and opinions about the SoFla market
    October 17, 2014 10:30AM
    Peter Zalewski

    Peter Zalewski

    Question: The planned Panorama Tower in the Brickell area just made news for getting an EB-5 designation from the City of Miami. Does such a designation have any discernible impact on buyers of Greater Downtown Miami condo units?

    At a time when the supply of new and existing condos for sale is mushrooming in Greater Downtown Miami, developers and resellers targeting international buyers as potential suitors for their units now have another competitor chasing those same investment dollars earmarked for South Florida. [more]

    1 Comment
  • South Florida’s pending sales are declining

    Tri-county residential deals fall by 1,009 over the last four weeks
    October 14, 2014 09:45AM
    South Florida housing inventory (Credit: Condo Vultures)

    South Florida housing inventory (Credit: Condo Vultures)

    Active listings for housing inventory in the South Florida region increased last week to 43,196, according to weekly data from Condo Vultures. [more]

    Comments
  • Property taxes drive efforts to upzone neighborhoods for new condo towers

    Peter Zalewski tackles reader questions and opinions about the SoFla market
    October 03, 2014 09:45AM
    Peter Zalewski

    Peter Zalewski

    Question: Municipalities like Bay Harbor Islands and Boca Raton are considering raising building size limits for residential towers. Are these municipalities simply reacting to a hot residential development market at the expense of long-term zoning and land-use governance? Will other municipalities follow suit?

    A drive along State Road A1A in South Florida clearly shows that every municipality along the coast has a different perspective about what constitutes an acceptable height and density for residential towers in each of their respective communities. [more]

    1 Comment
  • South Florida foreclosures keep declining

    Latest Condo Vultures report shows drop throughout tri-county area
    October 02, 2014 10:30AM
    Latest foreclosure report from Condo Vultures

    Latest foreclosure report from Condo Vultures

    South Florida foreclosures continued to decline last month, according to the latest report from Condo Vultures. [more]

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  • Cheap land no longer attainable in Edgewater – for now

    Peter Zalewski tackles reader questions and opinions about the SoFla market
    September 26, 2014 02:15PM
    Peter Zalewski

    Peter Zalewski

    Question: Developable land in the Edgewater neighborhood of Greater Downtown Miami continues to be traded at significant profits for the sellers. Do you think that market has maxed out in terms of land appreciation, or will it be a while before the pricing of land flattens or even reverses course?

    The days of purchasing cheap land for vertical condo developments in the suddenly hot Edgewater neighborhood located east of Biscayne Boulevard between Northeast 17th Terrace and Northeast 36th Street have passed for the foreseeable future. [more]

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  • Developers propose 24 new condo towers in last month

    Project announcements ramp up in advance of South Florida's busy winter season
    September 23, 2014 11:15AM
    Miami skyline (inset: Peter Zalewski)

    Miami skyline (inset: Peter Zalewski)

    South Florida’s current condo boom is ramping up in preparation for the approaching winter buying season, when visitors from around the world have historically descended upon the tri-county region.

    In the last 30 days, developers have announced plans to build an additional 24 new towers with more than 3,200 units for sites east of I-95 in Miami-Dade, Broward and Palm Beach counties, according to the preconstruction condo projects website CraneSpotters.com. [more]

    5 Comments
  • Tri-county listings, pending sales rise for the week

    South Florida transactions increase by 331 over the past month
    September 23, 2014 10:30AM
    South Florida housing inventory (Credit: Condo Vultures)

    South Florida housing inventory (Credit: Condo Vultures)

    Active listings for housing inventory in the South Florida region increased last week to 42,411, according to weekly data from Condo Vultures. [more]

    Comments
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