Yesterday a client called and requested a Buyer’s Consultation regarding an interest in purchasing a Miami Beach Condo. During the conversation she started asking me about short sales and if I would be able to include any short sales in her search results?
I told her to first read my blog post on Short Sales and of course I would send her all of the short sale listings.
Miami Beach Real Estate Market Details
In Miami Beach there are currently 3856 condos on the market.
619 are listed as short sales
68 are listed as pending sales
84 short sales closed last year
These 84 condos that closed as short sales really peaked my interest and I wanted to find out more details.
The most expensive property that sold in 2008 in Miami Beach and was listed as a short sale was in Apogee. Apogee is located at 800 South Pointe Drive in the South of Fifth Area of South Beach in Miami Beach. The unit is a 3103 square feet, 3 bedroom 3.5 baths, 2 parking spaces and much, much more. This property is the “uber luxe” building in the South Beach area. The unit was listed at $4,695,000 and it sold for $4,265,000.
The cheapest two bedroom that sold in Miami Beach and was listed as a short sale was located at 801 Meridian Avenue. The building was built in 1968 and the unit is 1230 square feet. It is a 2 bedroom/ 2 bath with 1 parking spot. It was listed at $230,000 and sold for $217,000.
I pulled this statistics report from the MLS. However most people don’t look for properties from $200,000 up to $1.5 million. So the averages of course aren’t necessarily accurate if you are searching in a very specific price point. However I did want to show the highs, the lows and everything in between.
Market Analysis Report for 2 Bedroom Condos in Miami Beach Listed as Short Sales and Closed in 2008
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Market Analysis Report for 1 Bedroom Condos in Miami Beach Listed as Short Sales and Closed in 2008
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If you have questions about Miami Beach short sales or condos for sale in Miami Beach, please feel free to call me.
305-793-8965
The compilation of listing and market data information is provided by the REALTORS Association of Greater Miami and the Beaches. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental.
I do my best to double check for accuracy, however I am human and errors can occur. Please contact me if you find something that doesn’t look correct and I will be happy to look into it and correct if necessary.
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