Archive for December, 2009
I believe the high-end waterfront home sector in Miami Beach will be the story of 2010. Here’s why: Inventory is way up, homes have been sitting on the market for record amounts of time, and number of real estate transactions are way down.
Miami Beach condos have been pummeled in the media for years. Prices have dropped big time, except for the South of Fifth neighborhood. Inventory is decreasing and number of transactions are up—way up. Not the same for waterfront Miami Beach homes…
Round up of South Beach and Miami Beach real estate happenings. Links to stories about flailing Sagamore Hotel; impending foreclosure of South Beach’s Gansevoort Hotel; Art Basel Miami Beach 2009; gossip. Casa Casuarina hires Barton G to run the restaurant and specialty boutique hotel at the former Miami Beach home of Gianni Versace.