It’s time to share my Three Cents Worth (3CW) on Curbed Miami, at the intersection of neighborhood and real estate in the Magic City. And I’m simply here to take measurements.
Read this week’s 3CW column on @CurbedMiami:
…The practice of lumping Miami into one big bowl of lukewarm housing gazpacho for the past decade gives me an upset stomach. Since I began reporting on the Miami market for Douglas Elliman a while back (and have since expanded coverage to Boca Raton, Fort Lauderdale and Palm Beach), I’ve been obsessed with Miami’s split personality – distressed (foreclosure + short sales) versus non-distressed markets. While they’re not mutually exclusive markets, they do have different price points and trends. To make up to Curbed Miami for just sitting on the beach I made three charts for this week’s 3CW to explore the two different markets of Miami real estate…
[click to read column]
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I see the foreclosures are going down as short sales are going up. That’s similar to here in Washington. Seems sellers are doing their homework. YA
More of our buyers are looking at short sales rather than owner sellers anymore. Most of these are still in pretty good condition too.
Like these other guys said, more short sales as people become educated. In CA we are still dealing with a lot of foreclosures so our numbers won’t be as good as these.