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Miami Beach, Florida Real Estate Update January 2009

Single Family Homes

• Total single family sales in January 2009: 4
• Highest Sales Price: $825,000 for a 2,514 square foot home built in 1936 on a 7,700 square foot lot
• Lowest Sales Price: $413,126 for a 1,776 square foot duplex on a 8,580 square foot lot.
• 1 of the sales was a water front property

Pending Sales: 33 total, 9 of which are water front

Active: 467 of which 209 are water front

Price Range for Active:  Non-Water: $9,950,000 – $174,900  Water front: $25,000,000 – $499,900

Condos – Closed Sales

• Total condos sales in January 2009: 83
• Highest Sales Price: $7,600,000 for a  4,784 square foot unit in the Murano Portofino
• Lowest Sales Price: $37,700 for a 701 square foot bank-owned foreclosure
• 60 of the sales were in water front buildings

Pending Sales: 312 total, 196 of which are in water front buildings.

Active: 3,661 of which 2,584 are in water front buildings

Tags: Add new tag, Miami Beach, Miami Beach Condos, Miami Beach Real Estate

Miami Beach, Florida Annual Real Estate Update for 2008

Single Family Homes

• Total single family sales in 2008: 116
• Highest Sales Price: $13,100,000 for a 10,000 square foot home built in 1936 on a 32,000 square foot waterfront lot
• Lowest Sales Price: $200,000 for a 1,261 square foot duplex on a 2,499 square foot lot.  Bank-owned foreclosure.
• 54 of the sales were water front properties

Condos

• Total condos sales in 2008: 1,303
• Highest Sales Price: $12,360,000 for a  8,900 square foot unit on Fisher Island
• Lowest Sales Price: $39,000 for a 711 square foot bank-owned foreclosure
• 914 of the sales were in water front buildings

Tags: Miami Beach, Miami Beach Condos, Miami Beach Real Estate

So Much To Do, So Little Time!

No, this blog does not pertain to the hundred and one things we all must do on a daily basis to empty our honey do lists, work lists or any other lists. This has to do with all of the fun things there are to do in South Florida, but many of us never get around to doing. Whether you live in Florida year round, visit us when it gets cold up north, or own a second home or investment property here take advantage of some of the awesome events that go on in our town.

Currently, probably to help with the summer lull and increase business, there is the Miami Spice event. One of my favorite restaurants on the list is the Setai. Not only is the outside “zen” area a wonderful place for pre-clubbing drinks (great Lychee Martini), it is a nice place to wind down and relax. During Miami Spice, which runs through September, you can get a 3- course meal for $35.

The Miami International Wine Fair , which benefits the American Red Cross, starts this weekend and runs through the 10th.

If wining and dining isn’t your thing, you can tour Vizcaya Museum and Gardens; Sundays in September are free! In the evening, you can take in a movie at University of Miami’s Bill Cosford Theatre. Want to take your children to a museum without them rolling their eyes? Check out the Dr. Seuss exhibit at the Miami Children’s Museum.

Of course this list isn’t even the tip of the iceberg and does not include the obvious activities, such as going to one of our great beaches, renting a boat, or taking in a Dolphins or Marlins game. Whatever you do, take time to enjoy the variety of activities South Florida has to offer and thank your lucky stars that you live in such a wonderful place!