South Florida is currently experiencing a significant number of Cash Buyers in the Real Estate Market Most of my recent sales have been Cash transactions and the majority of Buyers who contact me regarding their Home search state that their purchases will be Cash. Additionally, the Brokerage where I’m employed, EWM Realtors, reported that over… Read More
Archives for 2010
Top 5 Highest Condo Sales in Broward County
Top 5 most Expensive Condo and Townhouse Sales in Broward County within the last 6 months Within the last 6 months, the 5 most expensive Condo sales in Broward County were Units purchased in Trump Hollywood Condo in Hollywood, FL, L’Hermitage Condo in Ft. Lauderdale, Las Olas River House Condo in Ft. Lauderdale, Alhambra Place Condo in Ft…. Read More
The Plaza at Oceanside Pompano Beach Condo Market Update
Oceanside Pompano Beach Condo Sales In my December, 2009 post, I discussed The Plaza at Oceanside Pompano Beach Condo’s purchase in a Bulk deal and price reductions that represent more than a 65% discount off of the highest purchase price previously. The current price range of Units listed for sale is $400,000’s – $1,200,000. Per Broward County Property… Read More
Las Olas River House Condo Market Report
Las Olas River House Market Report* Within the last 6 months, 12 Las Olas River House Condos have been purchased. Their purchase price range was $330,000 for a 2-Bedroom Unit with 1,160 square feet – $3,000,000 for a 4-Bedroom Penthouse with 8,238 square feet. Of the Condos purchased, none were Short Sales or Bank owned… Read More
Coconut Grove Residences Units Available
Per my March 2nd post, 9 Units at Coconut Grove had been sold and under pending Contract for purchase. As of today, an update was provided which indicates that 10 Units have now been sold and are under pending Contract for purchase. These 10 Contracts occurred within the last 5 days and that doesn’t surprise me… Read More
Coconut Grove Residences Condo Sales Update
As you might already be aware, the Auction at Coconut Grove Residences was cancelled (per my Post on February 25th and the e-mail sent from Accelerated Marketing on February 25th). I spoke with a Coconut Grove representative today who told me that 9 of the 21 Developer owned Units are currently under contract for purchase (these… Read More
Just Sold: Unit #1402 in Sonata Beach Club Condo
Located in Pompano Beach, FL, Sonata Beach Club is a beautiful Oceanfront Condo that includes only 64 Residences. Last Thursday, February 25, 2010, I sold Unit #1402 for a purchase price of $750,000 to Buyers from Michigan who purchased it as a vacation Home, a really great deal at a significantly reduced price offered by the Developer. … Read More
Coconut Grove Residences Auction Cancellation
Thursday night, 2/25/10: Just received an e-mail from Accelerated Marketing Partners announcing that the Auction scheduled to be held Sunday, 2/28/10, for the 21 Coconut Grove Condos has been cancelled. I included excerpts from their e-mail below: “Over 1500 site tours have taken place in the past four weeks….the overwhelming majority of our registered bidders… Read More
Las Olas Isles Waterfront Steal for only $699,000!
Many Buyers in the current Market are looking for great deals and many great deals are available, however, Buyers have different definitions of what a great deal means to them. Of the Buyers I’m working with and those whom I’ve sold property to, I’ve found that the following are the most common definitions of “great deal”: Properties… Read More
Coconut Grove Residences Condo Auction on February 28, 2010
The Developer has decided to Auction the remaining 21 Units with a Bidding Price Range of $260,000 – $1,700,000. The Auction is scheduled for February 28, 2010. The most recent purchase in the Building was on January 15, 2010 for $650,000. The lowest purchase price in the Building was $450,000 and the highest… Read More