There are currently 1425 Aventura condos for sale: (25 more than last month) Highest priced listing: $12,000,000 for a 5/6 at Porto Vita Lowest priced listing: $33,900 for a 1/1 foreclosure at Fourth Forum Condo Pending sales: 280 (8 less than last month) Closed sales in August: 72 (2 more than last month) The highest [...]

There were 151 Miami Beach condos sold in the month of July of 2010. The highest sale was $5.35 Million (which is discussed below) and the lowest price was $33,000 for a 1 bedroom / 1 bathroom foreclosed condo at Vista De Mar in Normandy Island.  The new discussion around town is how LeBron James’ [...]

There are 17 El Portal homes currently listed: Highest priced listing is $549,000 (69 NE 87th St – true 4-bedroom, totally remodeled home) Lowest priced listing $145,000 (8295 NE 3rd Ave) Pending sales (properties under contract): 7 Closed sales in July: 1 The El Portal home sold in July was 242 NE 89th Street which [...]

There were 18 Miami Beach homes sold in the month of July 2010.  The highest sale was for $2.175 million and the lowest was a Normandy Island short sale at 765 S Shore Drive, selling for $350,000 on July 28th.  This month’s sales certainly do not represent the Miami Beach Luxury Home market, but that’s [...]

This is a Miami Real Estate Market Report for July 2010.  We have talked about evidence of a recuperating real estate market in certain areas of Miami – unfortunately, some home owners interpret this to mean that they can list their homes at unrealistic prices.  This usually causes a set back in the recovery, especially [...]