We get a lot of calls from people who are interested in buying a short sale condo but aren’t exactly sure what a short sale is or what the short sale process entails. On yesterday’s show we answer several frequently asked questions regarding short sales and also discuss how a short sale differs from [...]

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South Beach Closed Condo Sales – November 2009 – There were 78 closed condo sales in South Beach last month.  The average sales price of these condos was $342 per square foot.
Miami Beach Closed Condo Sales – November 2009 – 59 condos in Miami Beach closed in November.  One of the sales did not include [...]

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The following are the 10 highest luxury condo sales that have closed in Miami-Dade County within the past six months:

Continuum South Tower – Penthouse 1 – 5 bedroom/7.5 bath (7,374 square feet) – This penthouse sold for $9,900,000, or $1,343 per square foot, on May 15, 2009.  It was listed for $14,950,000.
Apogee South Beach – [...]

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I was looking through the recently closed sales in South Beach and came across a 2 bedroom/2 bath condo foreclosure at Murano Grande that sold for $475,000, or $331 per square foot on February 9, 2009.  This is by far the lowest that a 2 bedroom condo in the Murano Grande has sold through the [...]

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I receive a number of phone calls each week from nonlocals looking to “steal” a condo in South Beach directly on the beach. I tell them every time that it’s just not happening. Beachfront property is still in very high demand.
Case in point is a foreclosure condo at Bentley Hilton that became available [...]

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