Market Snapshot Miami Beach Homes Sold to Date in 2010.g

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Market Snapshot Miami Beach Homes Sold to Date in 2010.

Thursday, March 11, 2010
One thing to bear in mind when looking at the Miami Beach bank-owned home sales is that these homes need work. They are terrific deals, but older Miami Beach homes typically need some structural and/or functional remodeling. The “fun” remodeling jobs like new kitchens and bathrooms may need to wait for foundation repair and electrical upgrading.
 
307 homes are currently for sale in Miami Beach
Bank-owned homes for sale - 3
Short Sale homes for sale -23
Waterfront homes for sale - 136
Non-waterfront homes for sale - 172
Homes sold to date in 2010 - 22
Waterfront homes sold – 7 homes sold from $1,300,000 - $9,500,000
Non-waterfront homes sold – 15 from $400,000 to $2,665,000
Bank-owned homes sold – 2 sold at $472,000 and $535,000. One sold in 3 days, one sold in 8 days on the market!!
“Short sales” (pre-foreclosure) – 0 homes sold so far.
Highest-priced sale – 92 La Gorce Circle sold for $9,500,000
Lowest-priced sale – 4515 Alton sold for $400,000
Homes sold under $500,000 - 6
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