Archive for the ‘South Beach/SoFi’ Category

Miami Beach Real Estate: 3QT 2009 Stats for Condos in South of Fifth Neighborhood

Thursday, November 19th, 2009

This has been a very interesting year. I’ve said before that the SoFi neighborhood in South Beach has weathered the real estate storm like a champ. Our busiest time of the year begins with Art Basel at the beginning of December and continues well into June.

For the previous few years, the week of Art Basel has been incredible. Last year was the year of NO action; and it only got worse from there. While inventory languished on the market for the first half of the year, sellers seemed to hear the message. List prices dropped, and dropped fast.

South Beach Real Estate: SoFi Condo Stats for 2QT 2009; Apogee Continues Reign; Price Declines and Huge Drops in Sales

Thursday, August 20th, 2009

Since starting this blog which, which seems like it’s been going on and on for years now, I was really excited to find out that I did a stats post for the EXACT same time period last year.  When doing stats, my goal is to not just give the numbers but to show what they […]

South Beach: South of Fifth Street (SoFi)

Tuesday, June 2nd, 2009

I received a voice mail from a local news station about  the South of Fifth street neighborhood (SoFi), in South Beach, asking me to do an on-camera interview for a story they were doing on the area.  I was thinking to myself, “Why are they doing a story on SoFi?  I’ll bet you The New York […]

Miami Beach Real Estate: Continuum Penthouse Sells Over $15M BELOW Original List Price UPDATED

Thursday, May 21st, 2009

The Penthouse at Continuum South Beach, located at 100 S. Pointe Drive, once listed for $25M has sold for $9.9M. Back in March, a penthouse at Il Villaggio in South Beach, originally listed at over $18.9M, sold for $7M. Penthouse 1 at Continuum was owned by Howard and Lillian Steinberg.  The penthouse, purchased in 2003 for $7M, has five bedrooms, […]

Miami Beach Real Estate: South Beach Condo Stats for 1st QT 2009

Thursday, May 14th, 2009

Providing real estate stats for South Beach real estate, as you could guess, is not all that exciting.  I’ve had that stats for about a month now but haven’t posted them because I feel that providing the raw data WITHOUT insight is offering no service to my readers and my clients.  The last month has […]

South Beach Real Estate Shock and Awe: SoFi Luxury Condo Sales Up 41.9% Over 2007

Wednesday, February 4th, 2009

In my last post on real estate statistics for Miami Beach condos in South Beach, A LOT was revealed by comparing 2007 to 2008 data for condos in the South of 5th / SoFi neighborhood. And now, here’s more information from the Southeast Florida Regional MLS that indicates this area has performed amazingly, especially considering the […]