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8 Reasons Why Now is the Perfect Time to Buy Real Estate

Okay, so things are scary out there. You can’t open a paper, turn on the t.v. or listen to the radio without hearing doom and gloom news. Layoffs, no one is shopping, increasing unemployment, the stock market fluctuates wildly. But, since people are scared and aren’t buying much of anything, it is the perfect time to buy real estate. As Warren Buffet once said, “…attempt to be fearful when others are greedy and to be greedy only when others are fearful.” Reasons now is the time to be greedy: Read the rest of this entry »

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Key Biscayne, Florida Annual Real Estate Summary 2008

Single Family Homes

• Total single family sales in 2008: 37
• Highest Sales Price: $7,500,000 for a 6,369 square foot home built in 1991 on a 16,271 square foot water front lot on S. Mashta
• Lowest Sales Price: $817,900 for a 1,763 square foot 7,500 square foot lot.  Bank-owned foreclosure on Cranwood.
• 6 of the sales were water front properties

Condos

• Total condos sales in 2008: 161
• Highest Sales Price: $8,550,000 for a  6,700 square foot unit in Ocean Club
• Lowest Sales Price: $220,000 for a 610 square foot unit in the Key Islander
• 9125 of the sales were in water front buildings

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