South Beach Condos Blog

Akoya Miami Beach Condos Statistics 1/1/08-6/18/08

This data is based on information from the Southeast Florida Regional (SEFR) MLS or from the associations participating in the SEFR for the period 1/1/08 through 6/18/08.

 It’s been a tough year for Miami Beach real estate generally and even more so for Akoya Miami Beach.  Let’s break down some of these numbers to see what they really mean.

• One Bedroom Activity:  There has been one sale this year.  There are 36 available condos for sale
• Two Bedroom Activity:  The have been two sales this year.  There are 21 available condos for sale
• Three Bedroom Activity:  There have been two sales this year.  There are 8 available condos for sale.

There is one pending sale, which is a three bedroom foreclosure.  Search all unit for sale at Akoya Miami Beach here. 

Search Miami Beach real estate

Oh, the media.  I remember in back as early as 2004 the media starting predicting that the bottom would be falling out just about now.  Dire predictions.  Horrible repercussions.  Doom and more gloom.

I’ve never been an optimist.  Why?  Because I’m a businessman.  I was always a realist.  I told another colleague as early back as 2003 that it was “over.”  She laughed, and laughed hard!  She went on to say, “this is South Beach.  Other areas my decline but NEVER South Beach.  Everyone in the world wants South Beach real estate!”  I winked at her and said, “It’s over.”

Click here to read the full post

This one takes the cake.  Buyers of units at Trump Towers I, II, and III in Sunny Isles Beach, Fla are suing the developers, the Related Group and Dezer Development because, according to the Daily Business Review

…used the celebrated Trump name to attract buyers. But according to the suit, the billionaire’s name can only be used temporarily and for promotional purposes and may be changed once the units are sold out, the buildings are completed and the developers are no longer associated with the project. The lawsuit was filed Tuesday in Miami-Dade Circuit Court.

The buyers are seeking cancellation of sales contracts for units with prices totaling more than $100 million and the return of about $20 million in deposits.

Trump who was reached in Scotland…said he was “honored” by the lawsuit and the fight over his name.

Honored?  Read the rest of the story and you’ll want to do a little bit more to Trump other than “honoring” him.