The Real Deal Miami

Posts Tagged ‘condo vultures’

  • 67% of preconstruction condos “sold” in South Florida

    Survey says 17,665 units marketed for presale in November
    December 05, 2014 01:00PM
    Peter Zalewski

    TRD real estate columnist Peter Zalewski

    Question: Which preconstruction condo projects are seeing the quickest absorption rate in South Florida?

    Answer: South Florida is in the midst of another condo boom that looks to add nearly 40,000 units to the coastal market located east of Interstate 95 in the tri-county region of Miami-Dade, Broward and Palm Beach. [more]

    Comments
  • South Florida home sales slipping

    Pending sales also dipped in the last week
    December 02, 2014 09:45AM
    South Florida housing inventory (Credit: Condo Vultures)

    South Florida housing inventory (Credit: Condo Vultures)

    Active listings of housing inventory for the South Florida area dipped last week to 44,489, newly published figures reveal. [more]

    Comments
  • Condo conversions missing from current South Florida real estate cycle

    Peter Zalewski tackles reader questions and opinions about the SoFla market
    November 21, 2014 11:15AM
    Peter Zalewski

    Peter Zalewski

    Question: What current rental projects are the likeliest candidates for future condo conversions in South Florida during this real estate cycle?

    The condo conversion process, by design, offers immediate satisfaction for developers and buyers in the form of saleable units that can be created in a fraction of the time of building new condo projects. [more]

    1 Comment
  • Some developers reduce preconstruction deposits as competition intensifies

    Peter Zalewski tackles reader questions and opinions about the SoFla market
    November 14, 2014 09:45AM
    Peter Zalewski

    Peter Zalewski

    Question: What’s the latest info on the preconstruction deposit structure? Are more developers coming down from the 50 percent requirement?

    More than 285 new condo towers totaling nearly 40,000 units have been announced east of I-95 in the tri-county South Florida region of Miami-Dade, Broward and Palm Beach during this real estate cycle that began in 2011. [more]

    2 Comments
  • South Florida home listings are on the rise

    But Condo Vultures data shows pending sales are declining
    November 12, 2014 12:00PM
    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 45,037, according to weekly data from Condo Vultures. [more]

    Comments
  • Downtown Fort Lauderdale rental units 38% cheaper than Greater Downtown Miami

    Peter Zalewski tackles reader questions and opinions about the SoFla market
    November 07, 2014 11:15AM
    Peter Zalewski

    Peter Zalewski

    Question: A bunch of new rental apartments are being developed in Downtown Fort Lauderdale and the surrounding area. I am curious if the Downtown Fort Lauderdale market offers a substantial discount for young renters, who might be getting priced out of Brickell and Downtown Miami.

    South Florida renters who are looking for an urban lifestyle at a cheaper price than Greater Downtown Miami may want to consider leasing a unit in the market of Downtown Fort Lauderdale and the Beach. [more]

    3 Comments
  • South Florida foreclosures still on decline

    Latest Condo Vultures report shows drop throughout tri-county area
    November 07, 2014 09:45AM
    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]

    1 Comment
  • 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]

    Comments
  • 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]

    3 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
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