I have to apologize because recently I have been a little slack in my blog writing. It’s not really something you are supposed to say on a blog but it’s true and honestly it’s important for me to continue writing and get it back on track. My excuse? I am working with a lot of new clients and they have been keeping me super busy!
…on to the good stuff!
As I mentioned I am working with many new buyers and as I have been calling on the listings and making appointments, I am coming to realize that many of the properties are going under contract so I wanted to update you on some interesting MLS data.
MIAMI BEACH CONDOS/TOWNHOMES
- Right now in 33139 (South Beach) there are 1904 condos/town-homes on the market for sale.
- 349 are listed as short sales
- 23 are listed as foreclosures
- 222 are under contract (I know there are more that have not been updated)
- 225 closed sales over the last 90 days
- 427 closed sales so far for this year
Focus on 1 Bedrooms
81 One bedrooms sold (60 closed with cash)
14 were short sales
16 were REOs
The most expensive 1 bedroom that sold in South Beach over the last 90 days was a 1 bedroom/1.5 bath at The Setai located at 101 20th Street. It sold for $1.250 and was closed with cash.
There were 20 properties that closed with conventional loans. A few of the more popular buildings that closed with conventional loans were: Continuum I, Decoplage and South Pointe Towers.
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