CondoVultures.com analysis of the 1st quarter of 2013 revealed that 600 new South Beach condos are not yet sold. These are the vestiges of South Florida’s last boom. The units are selling at an average of only 2 units per month as the prices increase. Compared to the fourth quarter of 2012, the average price […]
Tag Archives: South Florida
‘Transformation’ in South Florida housing market is sustainable, Metrostudy economist says
A complete transformation has happened. Two years ago, buyers were holding back since prices were still falling, and now there is earnestness to buy. As South Florida’s housing inventory diminish, it ignites a bidding war among builders and a quick rise in construction costs and home prices.
Demand for South Florida property shrinks inventory and drives up prices
From rich to low-income,waterfront properties are bringing up sales prices in South Florida as inventory declines. Having distressed propertiesin particular, the rise in Miami-area sales prices accords with a severe decline in inventory, which dropped 24.7% since the same period a year ago. South Florida’s 37.8% share of the U.S. distressed property market is at […]
Old Cutler Bay home sells for $5M, nearly $1.5M under ask
The home located at Coconut Grove’s Old Cutler Bay community that had been designed by Ramon Pacheco had been sold for $5.1 million. It has been listed for $6.5 million in 2011 and they lost over more than a million after the sale. An exquisite residence, it is a six bathroom and a six bedroom […]
Continental lands exclusive with 8 South Florida shopping centers
The exclusive leasing agent for eight shopping centers in South Florida, Continental Real Estates, has also been named property manager at Clewiston Town Center and El Mercado which account for 215,724 sq. ft. of rental space. Continental will represent the two named earlier, added by Polo Grounds, the Shops of Bird Road, #1 Marketplace, Gables […]
BH3 nabs mixed-use 1805 Ponce units
A 15-story limestone residential and commercial condominium was finally acquired by BH3 (A real estate focusing on South Florida and New York). Located at 1805 Ponce De Leon Boulevard in Coral Gables, this building includes 11 boutique office condo units from 2,182 to 5,444 sq. ft., 13 retail and office condo units ranging from 1,231 […]
Orchid Grove townhomes trade in $11M deal
54 townhomes in the Orchid Grove in Pompano Beach has been sold by CBRE (who represented the seller) to 1370 S. Ocean LLC for $11 million. Buildings that can be seen at 649 Cypress Road were sold for almost $94 per sq. ft., or $203,704 in total. Investors had been drawn down to South Florida […]
Douglas Elliman reaches 40 percent at new condo, Palau at Sunset Harbour
The asset located in the Sunset Harbour neighborhood in Miami Beach, is developed by trust of family of former Disney executive Roy Disney. One of his two condos the Disney funds is establish along with Peloro in Mid Beach has reached 40% sales at the new condominium they are marketing. Most buyers are from South […]
Colliers Int’l tapped to lease 470,000-square-foot Crown Center in Fort Lauderdale
Colliers International South Florida is the exclusive leasing agent of the 470,000 square-foot Crown Center office campus at1201-1475 W Cypress Creek Road in Fort Lauderdale. It has six buildings and has tenants like Sanford-Brown, Cruise One and Brown & Brown insurance. Handling the assignment are Sal Bonsignore and Peyton Moore.