{"id":57736,"date":"2012-01-30T08:00:37","date_gmt":"2012-01-30T08:00:37","guid":{"rendered":"http:\/\/therealestatemango.com\/2012\/01\/30\/real-estate-news-from-south-florida\/"},"modified":"2019-04-23T20:51:04","modified_gmt":"2019-04-23T20:51:04","slug":"real-estate-news-from-south-florida","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/real-estate-news-from-south-florida\/","title":{"rendered":"Real Estate News From South Florida"},"content":{"rendered":"<p><a href=\"http:\/\/therealestatemango.com\/files\/2012\/01\/Porsche-Tower-in-Sunny-Isles-Beach.jpg\"><img loading=\"lazy\" class=\"alignleft size-medium wp-image-1625\" title=\"Porsche Tower in Sunny Isles Beach\" src=\"http:\/\/therealestatemango.com\/files\/2012\/01\/Porsche-Tower-in-Sunny-Isles-Beach-239x300.jpg\" alt=\"\" width=\"239\" height=\"300\" \/><\/a><strong>STRONG SALES IN THE LUXURY CONDO MARKET IS HERE TO STAY FOR NOW!<\/strong><\/p>\n<p><strong>In 2011, luxury condo resale activity jumped by 29 percent according to Condo Vultures. But while foreign buyers, with strong currency drove the market last year, indications are that the market is here to stay for now.<\/strong><\/p>\n<p><strong>There is a wave of new developments like the proposed Porsche Tower for Sunny Isles B each.<\/strong><\/p>\n<p><strong>The high rises in Sunny Isles Beach have been selling steadily and for good prices all last year and the thriving beachfront is reason to hope that South Florida&#8217;s condo market will continue to do well in 2012 as well.\u00a0 <\/strong><\/p>\n<p><strong>FORECLOSURE SALES IN THE TRI COUNTY AREA FELL BY 25% in the third quarter of last ear according to data from Realty Trac.\u00a0 This was a symptom of foreclosure <span style=\"color: #ff0000;\">freeze <span style=\"color: #000000;\">of 2010.<\/span><\/span><\/strong><\/p>\n<p><strong><span style=\"color: #ff0000;\"><span style=\"color: #000000;\">However this freeze may be thawing and forecosures will be flooding the market with prices declining in face of the rising inventory levels.\u00a0 These forecosures will be in the single family market as well as in the condo market.<a href=\"http:\/\/therealestatemango.com\/files\/2012\/01\/SF-foreclosure-statistics2.jpg\"><img loading=\"lazy\" class=\"alignright size-full wp-image-1634\" title=\"SF foreclosure statistics\" src=\"http:\/\/therealestatemango.com\/files\/2012\/01\/SF-foreclosure-statistics2.jpg\" alt=\"\" width=\"590\" height=\"448\" \/><\/a><\/span><\/span><\/strong><\/p>\n<p><strong><span style=\"color: #ff0000;\"><span style=\"color: #000000;\">This will present itself as a good time to buy. Opportunities will abound with affordable prices and attractive properties.\u00a0 <\/span><\/span><\/strong><\/p>\n<p><strong><span style=\"color: #ff0000;\"><span style=\"color: #000000;\">Well,\u00a0that&#8217;s it\u00a0for now.\u00a0 I will keep you posted as new information is available.<\/span><\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>STRONG SALES IN THE LUXURY CONDO MARKET IS HERE TO STAY FOR NOW! In 2011, luxury condo resale activity jumped by 29 percent according to Condo Vultures. But while foreign buyers, with strong currency drove the market last year, indications are that the market is here to stay for now. There is a wave of<\/p>\n<p class=\"more-link\"><a href=\"https:\/\/ewmrealestate.com\/blog\/real-estate-news-from-south-florida\/\" class=\"themebutton2\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":130092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[11767],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Real Estate News From South Florida - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/real-estate-news-from-south-florida\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Real Estate News From South Florida - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"STRONG SALES IN THE LUXURY CONDO MARKET IS HERE TO STAY FOR NOW! In 2011, luxury condo resale activity jumped by 29 percent according to Condo Vultures. But while foreign buyers, with strong currency drove the market last year, indications are that the market is here to stay for now. 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In 2011, luxury condo resale activity jumped by 29 percent according to Condo Vultures. But while foreign buyers, with strong currency drove the market last year, indications are that the market is here to stay for now. 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