RECENT BLOG POSTS
A Miami entity headed by Carlos Mattos paid $203 per square foot for 31 units at the 1060 Brickell condominium in Miami's financial district, according to Condo Vultures® LLC.Mattos' newly created 1060 Brickell Apartments LLC paid nearly $6.1 million without financing for four studio units, 22 on...
06/22/2009
The South Florida residential real estate market is at bottom and likely to experience some appreciation within a year, the National Association of Realtors Chief Economist Dr. Lawrence Yun said."I think the prices have already pretty much bottomed in the South Florida market," Yun said. "The res...
06/18/2009
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Looking to invest in South Florida residential real estate but not sure where rental rates are heading? Struggling to find a double-digit cap rate to justify an investment?Many of these questions will be addressed by a five-member panel of South Florida experts convening between 5.30 pm and 8 pm ...
06/16/2009
BY ERIK BOJNANSKYSpecial CorrespondentCondoVultures.comHappy days are here again, acclaim Realtors and analysts interviewed by CondoVultures.com, as recent data suggest a significant increase in South Florida home purchases and a decrease in residential inventory.Well, maybe relief and cautious o...
06/15/2009
Are you a first-time home buyer who wants to take advantage of the deep discounts and the Obama $8,000 tax credit but are feeling overwhelmed by the process?Are you unsure about which, if any, of the newly created local, state, and federal programs you qualify for? Condo Vultures® had you in mind...
06/13/2009
Dr. Lawrence Yun, chief economist of the National Association of Realtors, and Peter Zalewski, a principal with the Bal Harbour, Fla.-based real estate consultancy Condo Vultures® LLC, will participate on a panel discussion on the state of the South Florida real estate market .Yun and Zalewski ar...
06/12/2009
The number of resale condos available in South Florida has slipped below the 50,000-unit threshold, representing more than a 18 percent drop in total inventory since November, according to a new report from Condo Vultures® LLC. As of June 8, there are a combined 49,746 condos and townhouses on th...
06/09/2009
Nearly three-dozen residences in Miami Beach's South Beach neighborhood slipped into foreclosure in May for nonpayment on nearly $14.3 million in combined mortgage financing, according to the Condo Vultures® Foreclosure DatabaseTM.The most expensive foreclosure action filed in May was against a w...
05/30/2009
Raul Valdes-Fauli, the Miami-Dade County president and chief executive officer of CNL Bank, has confirmed his participation on the upcoming Condo Vultures® panel discussion examining rental rate trends and the quest for double-digit cap rates on residential investment properties.Valdes-Fauli is a...
05/29/2009
South Florida's residential resale inventory has dropped 21 percent and pending sales have spiked nearly 66 percent in the last six months in Miami-Dade, Broward, and Palm Beach counties, according to a new report by Condo Vultures® LLC.There were 84,962 condominium units, townhouses, and single-...
05/26/2009