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Buyers Purchased 10 Distressed Condos In Greater Downtown Miami In Q1 2018

(This Report Is Powered By Brickell Ventures LP)

DOWNTOWN MIAMI (May 25, 2018) - At least 35 distressed condo units - both shortsales and real estate owned (REO) by lenders - are formally listed for sale in the Greater Downtown Miami market of South Florida, according to a new report from Condo Vultures® Realty LLC.

Based on distressed condo sales of about three units monthly in the first quarter of 2018, Greater Downtown Miami now has nearly an 11-month supply of shortsale and REO units available for purchase in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach at the start of the Summer Buying Season, according to the report based on data from the Southeast Flordia MLS Matrix.

A balanced market is generally considered to have about six months of supply. More months of condo supply listed for sale suggests a buyer’s advantage and less months typically indicates a seller’s advantage in the market.

Greater Downtown Miami Landlords Ask $2.71 PSF Monthly For Residential Rental Properties

(This Report Is Powered By Brickell Ventures LP)

DOWNTOWN MIAMI (May 24, 2018) - More than 2,100 residential rental properties are formally listed for lease in the Greater Downtown Miami market of South Florida, according to a new report from Condo Vultures® Realty LLC.

Based on completed leases of about 408 residential properties monthly in the first quarter of 2018, Greater Downtown Miami now has more than a five-month supply of rentals - apartments, condos, efficiencies, multifamily and townhouses - available in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach at the start of the Summer Buying Season, according to the report based on data from the Southeast Florida MLS Matrix. 

A balanced market is generally considered to have about six months of supply. More months of supply listed for lease suggests a tenant’s advantage and less months typically indicates a landlord’s advantage in the market. 

Luxury Units Sold For Average Of $599 PSF In Greater Downtown Miami In Q1 2018

(This Report Is Powered By Brickell Ventures LP)

DOWNTOWN MIAMI (May 23, 2018) - More than 530 luxury condo units are formally listed for sale at an asking price of least $1 million each in the Greater Downtown Miami market of Miami-Dade County in South Florida, according to a new report from Condo Vultures® Realty LLC.

Based on luxury condo sales of about seven units monthly in the first quarter of 2018, Greater Downtown Miami now has more than a 72-month supply of units available for purchase for at least $1 million each in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach at the start of the Summer Buying Season, according to the report based on data from the Southeast Florida MLS Matrix.

A balanced market is generally considered to have about six months of supply. More months of condo supply listed for sale suggests a buyer’s advantage and less months typically indicates a seller’s advantage in the market.

Condo Buyers Paid Average Of $376 PSF In Greater Downtown Miami In Q1 2018 

(This Report Is Powered By Brickell Ventures LP)

DOWNTOWN MIAMI (May 21, 2018) - At least 3,775 condo units are formally listed for sale in the Greater Downtown Miami market of Miami-Dade County in South Florida, according to a new report from Condo Vultures® Realty LLC.

Based on condo sales of less than 120 units monthly in the first quarter of 2018, Greater Downtown Miami now has nearly a 32-month supply of units available for purchase in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach at the start of the Summer Buying Season, according to the report based on data from the Southeast Florida MLS Matrix.

A balanced market is generally considered to have about six months of supply. More months of condo supply listed for sale suggests a buyer’s advantage and less months typically indicates a seller’s advantage in the market.

Miami-Dade County Landlords Ask $2.44 PSF Monthly For Residential Rental Properties

(This Report Is Powered By Brickell Ventures LP)

DOWNTOWN MIAMI (May 17, 2018) - More than 8,300 residential rental properties are formally listed for lease in the South Florida county of Miami-Dade, according to a new report from Condo Vultures® Realty LLC. 

Based on completed leases of more than 1,550 residential properties monthly in the first three months of 2018, Miami-Dade County now has more than a five-month supply of rentals - apartments, condos, efficiencies, multifamily and townhouses - available in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach at the start of the Summer Buying Season, according to the report based on data from the MLS Matrix. 

A balanced market is generally considered to have about six months of supply. More months of supply listed for lease suggests a tenant’s advantage and less months typically indicates a landlord’s advantage in the market. 

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