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Only 22 Luxury Condos Sold In Greater Downtown Miami In Q1 2017

DOWNTOWN MIAMI (April 25, 2017) - Nearly 420 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 2017, Greater Downtown Miami now has more than a 57-month supply of units available for purchase for at least $1 million each at a time when the tricounty South Florida region of Miami-Dade, Broward and Palm Beach is at the end of this year’s Winter Buying Season, according to the report based on data from the Southeast Florida MLXchange.

Condo Sellers Seek 45% Asking Price Premium For Greater Downtown Miami Units

DOWNTOWN MIAMI (April 24, 2017) - Nearly 3,650 condo units 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 condo sales of about 114 units monthly in the first quarter of 2017, Greater Downtown Miami now has nearly a 32-month supply of units available for purchase at a time when the tricounty South Florida region of Miami-Dade, Broward and Palm Beach is nearing the end of this year’s Winter Buying Season, according to the report based on data from the Southeast Florida MLXchange. 

Nearly Four-Month Supply Of Miami-Dade County Residential Properties Listed For Rent

DOWNTOWN MIAMI (April 21, 2017) - Nearly 5,400 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 1,399 residential properties monthly in the first three months of 2017, Miami-Dade County now has nearly a three-month supply of rentals - apartments, condos, efficiencies, multifamily and townhouses - available at a time when the tricounty South Florida region of Miami-Dade, Broward and Palm Beach is in the final weeks of this year’s Winter Buying Season, according to the report based on data from the Southeast Florida MLXchange. 

Buyers Purchased More Than 280 Distressed Condos In Miami-Dade County In Q1 2017

DOWNTOWN MIAMI (April 21, 2017) - More than 225 distressed condo units - both shortsales and real estate owned (REO) by lenders - are formally listed for sale in the South Florida county of Miami-Dade, according to a new report from Condo Vultures® Realty LLC.

Based on distressed condo sales of about 94 units monthly in the first quarter of 2017, Miami-Dade County now has more than a two-month supply of REO and shortsale units available for purchase in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach in the final weeks of this year’s Winter Buying Season, according to the report based on data from the Southeast Florida MLXchange.

More Than 17,700 New Miami-Dade Condo Units Under Construction Or Recently Completed Since 2011

DOWNTOWN MIAMI (April 19, 2017) - Developers have announced - and continue to proceed with plans for - nearly 34,100 new condo units east of Interstate 95 in the South Florida county of Miami-Dade, according to a Condo Vultures® Realty report based on the latest data from consultancy CraneSpotters.com.

Miami-Dade County ranks as the most active coastal condo development market in the tricounty region of Miami-Dade, Broward and Palm Beach, representing more than 71 percent of the nearly 47,750 new South Florida units announced since this current real estate cycle began in 2011, according to the CraneSpotters.com data as of April 17, 2017

It is worth noting, nearly 6,700 additional units that had originally been planned as new condos in coastal Miami-Dade County have since been removed from the CraneSpotters.com statistics based on the respective developers revising their announced strategies.

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