miami real estate - september 2009 report

8
Miami Real Estate Market Report - September 2009 Presented by Cedric C. Teboul Licensed Real estate Broker 848 BRICKELL AVENUE, SUITE 1130 MIAMI, FL 33131 C: 305.491.4554 O: 305.305.5323

Upload: ccteboul

Post on 20-May-2015

857 views

Category:

Technology


2 download

TRANSCRIPT

Page 1: Miami Real Estate - September 2009 Report

Miami Real Estate Market Report - September 2009

Presented by Cedric C. Teboul

Licensed Real estate Broker

848 BRICKELL AVENUE, SUITE 1130 MIAMI, FL 33131 C: 305.491.4554 O: 305.305.5323

Page 2: Miami Real Estate - September 2009 Report

Table of Contents

September Report

LATEST REAL ESTATE NEWS ................... 3

EVENTS - SEPTEMBER 2009........................ 4 BANK OWNED PROPERTIES...................... 5

DEVELOPER CLOSEOUTS .......................... 6 RENTAL PROPERTIES ................................. 7

CONTACT US ................................................. 8

Page 3: Miami Real Estate - September 2009 Report

Latest Real Estate News 5th Bulk Deal Closes In Downtown Miami - Sunday, July 26, 2009 - EDT A South Beach investor has closed a 15-unit bulk deal for $4.2 million in the Marina Blue condominium tower. Maurizio Cavalieri… paid an average of $207 per square foot 20,293 square feet of saleable space. Cavalieri's acquisition consists of 13 two-bedroom units and two one-bedroom units at Marina Blue. Jump Shot for Troubled Condo-Hotel - Wednesday, August 12, 2009 - Globe Street The stigma attached to condo-hotel projects is not scaring away all high-end buyers, as shown by pro basketball star Amare Stoudemire's recent $5.6-million purchase of a penthouse unit at W South Beach. July foreclosure filings soar in Broward - Friday, August 14, 2009 13:02:53pm South Florida Sun Sentinel Broward County continues to be one of Florida's hardest-hit areas when it comes to foreclosure, but the problem isn't nearly as severe in Palm Beach County. Investors Snapping Up Downtown Miami Condos - Wednesday, August 19, 2009 - CBS4

Are the good 'old days of real estate back? It appears so in Downtown Miami. In recent weeks developers have sold hundreds of condos, in a flurry of activity they haven't seen since the peak of the housing market. Everglades on the Bay developer files for bankruptcy Friday, August 21, 2009 – Miami Herald The maker of Everglades on the Bay -- a condo project whose darkened windows have become emblematic of the uninhabited, ghost structures of the building boom gone bust -- has become the first of the downtown Miami condo developers to file for Chapter 11 bankruptcy protection. Affordability Leads to Home Sales Spike in South Monday, August 24 2009 - New York Times Home re-sales spiked 5.6 percent in the South in July, the highest annual increase in nearly four years and evidence the region's housing market is climbing out of the grave, the National Association of Realtors said Friday.

Page 4: Miami Real Estate - September 2009 Report

Events - September 2009

MIAMI SPICE

During the months of August and September, many of Miami's finest restaurants offer lunches and dinners at low fixed prices. This is a great chance to try something new each day and save money at the same time!

Britney Spears Concert at American Airline Arena September 2

Marco Antonio Solis at American Airline Arena September 4

Depeche Mode Concert at Bank Atlantic Center September 5

Miami Home Design & Remodeling Show September 4-8

14th International Ballet Festival September 5-13

Dig the Beach Volleyball National Championships September 12-13

Wisin & Yandel at American Airline Arena September 17

Disney on Ice September 17-20

Miami Dolphins vs. Indianapolis Colts (NFL Football Game) September 21

Rob Thomas at Seminole Hard Rock & Casino September 23

Florida Marlins vs. New York Mets (MLB Baseball Game) September 25-27

Miami International Wine Fair September 26-27

Page 5: Miami Real Estate - September 2009 Report

The Realtor® Association of Greater Miami and the Beaches is not responsible for the accuracy of the information listed above. The data relating real estate for sale on this report comes in part from the Internet Data Exchange Program and the South Florida Regional MLS and is provided here for consumer’s personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data provided is deemed reliable but not guaranteed. Copyright Realtor® Association of Greater Miami and the Beaches, MLS All rights reserved.

Bank Owned Properties

SOUTH BEACH

SETAI

101 20 St, #1701 zip 33139

#Bedrooms: 3 #Full Baths: 4.5 Notes: Double Corner Unit w/ 2

living rooms & Media Room

Old Price: $5,500,000 (06/27/07) New Price: $4,200,000

SOUTH BEACH

FLAMINGO

1500 Bay Rd #1452S zip: 33139

#Bedrooms: 0 #Full Baths: 1 Notes: water views

Old Price: $ 254,900 (11/18/06)

New Price: $104,900

SOUTH BEACH

PORTOFINO TOWER 300 S Pointe Dr # 906 zip 33139

#Bedrooms: 1 #Full Baths: 2 Notes: South of Fifth

Old Price: $ 660,000 (10/07/05)

New Price: $399,900

SOUTH BEACH

ICON

450 Alton Road, #1604 zip 33139

#Bedrooms: 2 #Full Baths: 2

Old Price: $ 1,600,000 (07/17/06) New Price: $759,900

NORTH BAY VILLAGE

VILLA

8011 NE Bayshore Ct, zip: 33138

#Bedrooms: 3 #Full Baths: 3 Notes: Brand New/ Bay Front

City Market Value: $ 955,000

New Price: $425,000

North Miami Beach

VILLA

3291 NE 164 St, zip 33139

#Bedrooms: 4 #Full Baths: 3 Notes: waterfront; Ocean access

Old Price: $ 1,550,000 (04/28/06)

New Price: $760,000

RESIDENTIAL BULK DEALS AVAILABLE

COMMERCIAL DEALS: Hotel, Multi-family,

Office Building & Land Opportunities

Page 6: Miami Real Estate - September 2009 Report

Developer Closeouts

BAL HARBOUR

HARBOUR HOUSE

SUNNY ISLES BEACH

JADE OCEAN

MIAMI BEACH

MEI

HALLANDALE BEACH

OCEAN MARINE

YACHT CLUB

SOUTH BEACH

W RESIDENCES

SUNNY ISLES BEACH

TRUMP TOWERS

The Realtor® Association of Greater Miami and the Beaches is not responsible for the accuracy of the information listed above. The data relating real estate for sale on this report comes in part from the Internet Data Exchange Program and the South Florida Regional MLS and is provided here for consumer’s personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data provided is deemed reliable but not guaranteed. Copyright Realtor® Association of Greater Miami and the Beaches, MLS All rights reserved.

Luxury Residences Starting at

$275,000

LAST UNITS FROM $395,000

Located on Millionaire’s Row

Starting at $500,000 NOW OPEN!!!

The Best! From $1,100,000 to

$9,900,000

From $350/ SqFt

BRAND NEW UNITS

AVAILABLE

YOUR PRICE

< COST TO BUILD

Page 7: Miami Real Estate - September 2009 Report

Rental Properties AVENTURA/ SUNNY ISLES BEACH Complex Name Address Furnished Bed Bath Sq Ft Rental Price

Williams Island 7000 Island Blvd #2508 No 2 2 1,580 $2,600/ Month Turnberry Isle 19667 Turnberry Way #25B Yes 2 2 1,522 $1,550/ Month Trump Towers 15901 Collins Ave #1002 Yes 3 3 1,975 $3,750/ Month SOUTH BEACH Complex Name Address Furnished Bed Bath Sq Ft Rental Price

Icon 450 Alton Rd #3405 Yes 4 4 3,094 $14,000/ Month Continuum 100 S Pointe dr. #3002 No 2 2.5 1,791 $6,000/ Month

Flamingo 1500 Bay Rd. #1558S No 1 1 732 $1,695/ Month Downtown House Rental

FISHER ISLAND COMMUNITY

The Realtor® Association of Greater Miami and the Beaches is not responsible for the accuracy of the information listed above. The data relating real estate for sale on this report comes in part from the Internet Data Exchange Program and the South Florida Regional MLS and is provided here for consumer’s personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data provided is deemed reliable but not guaranteed. Copyright Realtor® Association of Greater Miami and the Beaches, MLS All rights reserved.

WILLIAMS ISLAND COMMUNITY

ARE YOU AN OWNER?

D.R.E.A.M specializes in residential property management and can help you “Save Time and Money”

CALL US AT (305) 305-5323

FOR A FULL LIST, CONTACT ME AT: (305) 491-4554

Page 8: Miami Real Estate - September 2009 Report

Contact Us

Cedric C. Teboul Licensed Real estate Broker

CELL: 305.491.4554

EMAIL: [email protected]

TEL: 305.305.5323 1900 N BAYSHORE DR. SUITE 3306

MIAMI, FL 33132

WWW.DREAM-US.COM