Building Profile Pages & Condo Graphs Now Available

July 22, 2009 by Lucas Lechuga

Some of you have already noticed that a few additions were made to the website late last week. The most notable is the new building profile pages that have been created for over 200 condo developments in South Florida.  A wealth of information can now be found on these pages.  Below, I highlight a few of the key features.  You can access these new pages by clicking on either the rental or sales links for each building on the neighborhood widget or by clicking on the appropriate link on the View All Miami Condo Sales and Rentals page.

  • Photos – Each building now has at least 1-2 building pictures that can be viewed.  Most of these are stock photos but my plan is to remove those and replace them with at least 10-20 pictures that I have taken on my own of each building as well as some pictures of units.  This will take some time, however, as I will need to select the best photos for each building that I’ve taken and also watermark them.  Obviously, I will also need to take photos for those condo buildings that are missing from my collection.
  • Availability and Recent Sales/Rentals – You can access available sales and rentals as well as recently closed sales and rentals from the building profile page.  These four links are located under the “Show Me” section.
  • Condo Graphs – This is by far the most exciting feature found on the new building profile pages.  Visitors can now graphically view historical sales and rental data from the MLS.  Keep in mind that the sales graphs won’t provide much insight for newer buildings that haven’t had many resales within the past year.  Unfortunately, developers rarely list their inventory in the MLS.  However, investors will greatly appreciate the historical rental graphs where they can now view an array of statistics plotted graphically.  For example, the 900 Biscayne Bay rental graph below displays the average list price per square foot vs. average rental price per square foot over the past year.  You’ll notice that the average list price for rentals has ranged from $2.19 per square foot to $2.40 per square foot while the average closed price has ranged from $1.78 per square foot to $2.23 per square foot.  (If these auto-generated condo graphs don’t catch the attention of Joel Burslem at Future of Real Estate Marketing then I don’t know what will.)

900 Biscayne Bay rental graph

  • Section with Tabs – Below the Condo Graphs you’ll find a section with anywhere from 2 to 6 tabs.  I need to manually enter most of the information that will be found in these tabs so it will take some time to complete.  Take a look at the Marina Blue profile page for an example of what will be displayed in those 6 tabs.
  1. Building Features – Will display a list of amenities for each condo building
  2. Residence Features – Lists unit features as delivered by the developer
  3. Utilities Included – Displays the utilities that are included in the HOA fees/rental price
  4. Restrictions – Pet and rental restrictions will be found here for each condo building
  5. Local Map – Each building is plotted on a Google Map from which site visitors can quickly find nearby banks, grocery stores, movie theaters, restaurants, etc.
  6. Resident Reviews – You can now leave a review for condo developments in South Florida with which you are familiar

Hope everyone enjoys the new features.  Floor plans will be the next feature to be added to the building profile pages. Those will be found below the tabbed section once I start adding them. The back-end development work has already been completed for the floor plans but I first need to test it out. Hopefully within the next 1-2 weeks you’ll start to see floor plans for newer buildings in Miami begin to appear on the building profile pages.

My website developer is currently working on a new Condo Deals page for me. Business has picked up considerably these past three months so I haven’t had time to actively maintain the current page. We’re working on integrating a Condo Deals page that will be fully automated and always up-to-date.  I’m also working on a very exciting new feature that should be ready to be launched by October 1st.  That one is going to leave my competition in the dust!

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105 Comments on "Building Profile Pages & Condo Graphs Now Available"


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Anonymous
Renter Tom
7 years 2 months ago

Very nice, very helpful Lucas. :-)

Anonymous

[…] Lucas Lechuga placed an observative post today on Building Profile Pages & Condo Graphs Now Available » Miami Condos …Here’s a quick excerptBuilding Features – Will display a list of amenities for each condo building; Residence Features – Lists unit features as delivered by the developer; Utilities Included – Displays the utilities that are included in the HOA fees/rental … […]

Anonymous
DJ
7 years 2 months ago

Awesome Lucas! Really amazing stuff.

Anonymous
Lara
7 years 2 months ago

Hi Lucas,

Very good job! I am sure it involved creative thinking, technical knowledge and tremendous effort to put it all together as a final product.

Thank you very much!

Anonymous
Lara
7 years 2 months ago

Lucas, if you could update sold and rented units more often it would be great!

Anonymous
gables
7 years 2 months ago

Lucas, Great work! Top site for Miami condos on the web, bar none!

Anonymous
Scriv
7 years 2 months ago

Nicely done!

Scriv

Anonymous
Ken
7 years 2 months ago

Lucas … you’re my hero! Thanks for the great site!

Anonymous
Miami2009
7 years 2 months ago

Thx Lucas! This is exactly the info we need. The resident review idea is great, let’s hope we get good input.

Anonymous
Lara
7 years 2 months ago

Lucas, I do not know if you are aware but some info is not full and some info is lost on some buildings. May be it is there but not displayed.

Anonymous
7 years 2 months ago

call me in 6 months after prices drop another 15 %

Anonymous
7 years 2 months ago

Thank you Lucas!! :)

Anonymous
condoswindler
7 years 2 months ago

Great Job…

Anonymous
7 years 2 months ago

We will hopefully have the sales data update on a nightly basis before the month is out. Currently the website will update the sales data at the end of the week.

Please give us feedback on the types of reports you would like to see as well and will make that information available to you, so that you can be a little better informed about the market and the data that’s available.

email us or Lucas at support[at]goidx.com

😉

Anonymous
Miami2009
7 years 2 months ago

From Peter Zalewski:
Bulk Deal Closes At 94% Discount In South Florida
A South Florida private equity group purchased 51 new, oceanfront condo-hotel units in the luxury One Bal Harbour complex at $63 per square foot, a discount of 94 percent off of the $1,100 per square foot average recorded sales price, according to a new report from Condo Vultures® LLC.

Anonymous
Renter Tom
7 years 2 months ago
Miami2009 – I got that email too…….can’t go wrong at $63/sf versus $1,100 except for taxes and the HUGE monthly condo-hotel fee (dwarfs condo fees). Condo-hotels are a financial joke….if the hotel rooms were sooo valuable, why would a hotel developer sell them? He’d keep them to himself and rake in the revenue stream. One Bal Harbour is nice, but $1,100/sf nice? Apparently not. Certainly, unless there is a mathematical error, should SHOCK everyone….$63/sf for THE location. LOL If I recall, there were a lot of glowing comments about OBH on this blog and how the high end luxury like… Read more »
Anonymous
Miami2009
7 years 2 months ago

RT, the condo-hotel fee is a killer. I don’t think any real-estate is immune to this economy. I wonder what this bulk sale will do to the units currently for sale???

Anonymous
la la
7 years 2 months ago

I haven’t checked on this site in a LONNNGGG time, I’m loving the love. Oh, and yes, good job Lucas:) Very useful info.

Anonymous
Renter Tom
7 years 2 months ago

Miami2009 – I’m sure AJ will say this is good for property values in OBH since at least the units are paying dues….never mind the 94% off though. LOL Even I am having a hard time believing the number for OBH and also the Money Magazine expected % drops for SFH’s. One is reality the other is a projection. Looks like the reality is far worse.

Anonymous
BMW M3
7 years 2 months ago

Even I can’t believe those numbers! All I can say is EAT IT BABY! I’m buying in Marquis at $125/sf in 2 years. LOL.

Anonymous
Lara
7 years 2 months ago

I think that now they are selling Bal Harbor to the general public starting with $169,000 for studios.

Anonymous
Lara
7 years 2 months ago

I do not know why but I have difficulty opening links. Does anyone have the same issue? Or it is just my computer? I did not have this problem before.

Anonymous
AJ
7 years 2 months ago

Banks controlling the foreclosure spigot.

http://www.miamiherald.com/1382/story/1155164.html

Anonymous
AJ
7 years 2 months ago

Two years ago I played soulja boy for a wedding party entrance and the bridesmaids and the groomsmen waltzing in was off the charts. I wish I had the video tape of that. I just saw this cute entrance on youtube that reminded me of that day and thought to share it with MCI bloggers. Something different to get your mind off your condo blues:

http://www.youtube.com/watch?v=4-94JhLEiN0

Anonymous
AJ
7 years 2 months ago

Again, a beautiful city run by the ugliest people. These SOBs are sneakily going to raise our prop taxes again.

http://www.miamiherald.com/460/story/1155155.html

Anonymous
Renter Tom
7 years 2 months ago
#23. Wow AJ. I have now really lost all respect. To do this in a CHURCH at a CHURCH wedding is the ultimate in tacky. Er, we have wedding reception halls for things like this, not the respect a church deserves. Wow. Why not have a roller coaster wedding or bungy jumping wedding in the church too? Heck break out the keg while you’re at it…why wait for the reception. Talk about the decline of civilization…. I guess everyone has the need to “feel special” don’t they…the ultimate in a soulless consumer driven pop culture wedding. Oh how nice, so… Read more »
Anonymous
Odd & Sods
7 years 2 months ago

Nicely done Lucas

Anonymous
Odd & Sods
7 years 2 months ago

Rumour has it that the Ace was involved in the One Bal Harbour deal, can anyone confirm this?

Anonymous
7 years 2 months ago

Simply amazing fact you done in this post. I really keep this thing to make my real estate business more progressing, i think it’s a right way to spread the complete information about the business for what we are doing. . . one more word is “incredible”

Anonymous
Mr. J L Whinston
7 years 2 months ago

HE IS…I saw him washing the floors in the lobby. (the ACE)

Anonymous
Hugo P
7 years 2 months ago

AJ…. great video… hilarious

Anonymous
Hugo P
7 years 2 months ago

Renter Tom (#25)

Chillax man… It’s just dancing!

You need to get out of SIB more often and enjoy life.

Anonymous
Miami2009
7 years 2 months ago

Funny video…lol

I think RT and AJ need to go out and have a beer together 😉

Anonymous
Miami2009
7 years 2 months ago

So will we see $125sq/ft at One Bal harbour? Since the bulk buyer purchased at $63sq/ft, selling at $125 is profitable right?

Anonymous
Renter Tom
7 years 2 months ago
– Sorry people….there is no way any parish priest that I know would permit such a thing in a Church. I suppose if you want to have a wedding in a reception hall, one of the infomercial churches, or a non-religious service that is fine, but the video looked more like a traditional church building of some sort of Christian sect. The video really is a sad commentary on the pop culture materialism of Americans. Soulja Boy would be even more stupid. Try that at a Jewish Temple or Muslim Mosque too and see how far it goes… Just not… Read more »
Anonymous
Renter Tom
7 years 2 months ago

Why not a stripper entrance instead….complete with using the alter with stripping poles??? LOL

Anonymous
cc
7 years 2 months ago

Mario Zamora/Lucas,
Nicely done.
Would it be possible to add Arlen House and Winston towers buildings in Sunny Isles?

Anonymous
7 years 2 months ago

AJ,

Hilarious video… RT i understand where you are coming from but relax, in no way do those peoples behavior affect you, just enjoy and get a laugh out of it.

Anonymous
Renter Tom
7 years 2 months ago

Bob Hope – I agree with you….my question is why have a church wedding if you don’t really want to have a “church” wedding with the appropriate decorum, etc.? Yes it is funny, but sad too…… LOL

Anonymous
Renter Tom
7 years 2 months ago

I agree, Arlen House (I think there are three buildings) and Winston Towers would be helpful. Arlen House is older but would be telling regarding values.

Anonymous
AJ
7 years 2 months ago
As reported on Miami Urban Life (skeptics can take it with a pinch of salt): As CPN reported last week, the results of a new residential occupancy and closings study for Downtown Miami defy the perception that Miami’s urban core is a ghost town awash with empty condos. Conducted by independent research firm Goodkin Consulting/Focus Real Estate Advisors in partnership with the Miami Downtown Development Authority, the report surveyed 80 Downtown Miami buildings erected during the height of the boom and found that (1) a healthy majority of these units – 62% — are occupied by mainly full-time owners or… Read more »
Anonymous
7 years 2 months ago

“Conducted by independent research firm Goodkin Consulting/Focus Real Estate Advisors in partnership with the Miami Downtown Development Authority”

Your tax dollars hard at work.

Anonymous
David
7 years 2 months ago

The OBH bulk sale also included the restaraunt and bar area. So I beleive the numbers are skewed to include those. I don’t think the actual units sold for that 60 ish per sq.

Anonymous
AJ
7 years 2 months ago
JL, I think the report maybe accurate. But what it does not say is that the downtown gain is at the cost of outlying areas like Aventura, Doral, Kendall or even Hialeah. People are moving to downtown lured by the same rents they have been paying for less desirable properties in far flung areas. But in my opinion, the party will not last long. When the 62% occupancy (Renter+Owner) becomes more like 85% in a couple of years, the cheap rents will be a thing of the past. Yes there will be cheap rents in Aventura and Kendall but Downtown… Read more »
Anonymous
7 years 2 months ago
“People are moving to downtown lured by the same rents they have been paying for less desirable properties in far flung areas.” And this exactly might be why downtown’s future may not be so rosy. Think about it, rents are usually on a 1 year term and we can agree that rents have become “cheap” for about the last 6-12 months. You can make the argument that anybody that wanted to switch from outlying areas would have already done so in the past year when their current lease was up. If the bulk of the “good news” of attaining 62%… Read more »
Anonymous
gables
7 years 2 months ago
62% occupancy rate is not very good at all. that is a lot of vacant units. people who moved into downtown because of low rents-similar to what they paid in the outskirts-will not be around when/if rents rise in the future. they will move back to the outskirts because they cannot afford the higher rental rates. there will be demand downtown with reasonable rates, but the shear number of units available will keep rental rates from rising too much. not enough well heeled renters in the world-they would be owners instead. and owners will not buy overpriced units in the… Read more »
Anonymous
Odd & Sods
7 years 2 months ago

I read somewhere that the bulk buy at the Bal Harbour was $69.00 a sq ft? If that is indeed true then the Ace will make a killing at $125.00

Anonymous
BMW M3
7 years 2 months ago

Oh AJ, your outlook is so warped. It’s hilarious.You probably couldn’t sell your unit for 300K right now. Next year it will not sell for $200. LOL!!! LOL! LOL!

Anonymous
Wild Bill
7 years 2 months ago

Upgrade and downtown should never be used in the same sentence.
Unemployment is a killer. Once you leave Miami you never come back.

Anonymous
condoswindler
7 years 2 months ago
From the trenches…Yes many outsiders are moving downtown due to rent reductions based upon what they are paying in their respected areas (Kendal, South Miami, etc.), yet for us owners these renters are lowering the values of our properties, adding to the maintenence needs, and while at the same time as renters not respecting these properties-Its like the Flamingo on Miami Beach all over again…lets see what happens after their leases are done and they figure out that they had a better deal in the suburbs-think these people will be staying downtown?? I think not! As far as the study… Read more »
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