Archive for September, 2007

Miami Beach Real Estate Market Reports for Luxury South Beach Condos- Absorption Rates-33139

Friday, September 28th, 2007

With the real estate market in a state of flux, absorption rates are increasingly used as an indicator to assess how long it would take to sell ALL the existing condos in each condominium, assuming the rate of sales stays constant and no new listings are added to the inventory. Additionally, absorption rates are the […]

Platinum Miami Condo Auction: Why Do Market Fundamentals Still Not Matter?

Sunday, September 23rd, 2007

Ok, so everyone is talking about this Platinum auction thing like it is some bellwether of things to come.  I did not attend. Reading all the “coverage” on the event was humorous, to say the least.  From all accounts, it was the same old feeding-frenzy that has captivated Miami real estate for the last five years.  Here is […]

Regent’s Out, Hilton’s In, and What’s Up with The Gansevoort?

Saturday, September 15th, 2007

According to the Miami Herald, the Regent Hotel has left as operator of the new hotel at 1458 Ocean Drive in South Beach.  The new hotel operator is Vincci, a Spain-based hotel chain.  The 80–unit property opened nine months ago were sold as condominium hotels. If I were a owner of a unit, I would be pretty annoyed.  […]

Waterfront Home in Foreclosure in Miami Beach-Sunset Islands

Friday, September 14th, 2007

Foreclosure at 1440 W. 23rd Street, Miami Beach It is very rare for a home in a neighborhood like this to be in foreclosure.  The home has four family bedrooms and one maids room, 6,121 interior square foot and a 18,813 square foot lot. Built in 1957, the home was completely renovated approximately seven years ago by Wallace Tutt, whose credits include Cher and […]

“I Have the Most Perfect Amount of Botox”

Wednesday, September 12th, 2007

said Jeff Lewis last night on Bravo TV’s Flipping Out, when the host of the show began reading viewer’s questions about Mr. Lewis’ alledged plastic surgeries. Gotta love a guy who prides himself on having just the “perfect amount of botox.”  Anyways, Mr. Lewis stated it is “all about the trough sink.”  So, if JL says […]

Miami Beach Real Estate Statistics: South Beach YTD Condo Market Index- September 2007

Monday, September 10th, 2007

This is the first installment of Miami Beach/South Beach condo market statistics. The data was based on information from the Southeast Florida Regional (SEFR) MLS or from the associations participating in the SEFR for the period 1/1/07 through 9/3/2007. This analysis covers the luxury high-rise condos South of Fifth Street (SoFi) in South Beach; ICON South Beach, Murano […]