South Florida Real Estate

We had beautiful weather this weekend in South Florida and the Bahamas. I spent all day Saturday and Sunday doing outdoor activities. I played 9 holes with my friend Roger Strukhoff before he left for Manila, Philippines. Roger and I visited the church on the island Sunday morning. There were only 12 neighbors on the entire island. I had fresh Wahoo for dinner Sunday night that my friend Tom and his wife caught that same day. I browsed through my in-box in the afternoon and replied to a few emails, including one from my friend Kevin, who forwarded me a quote from Yahoo finance forums. I thought I should share my response to Kevin here on my blog. Roger and I visited the church on the island Sunday morning. There were only 12 neighbors on the entire island. I had fresh Wahoo for dinner Sunday night that my friend Tom and his wife caught that same day. I browsed th... (more)

South Florida Real Estate Sales Statistics for May 2009

Here are the statistics for last month in the Marco Island/Naples area MLS (MIAAOR) Currently there 2,615 properties on the market. Which is about 9.2% less than last month and 15% less than the same time last year. This includes: 806 Single Family Homes 445 Vacant Lots 1,256 Condominiums Of those single family homes, 133 (or 16%) are Foreclosures; short-sale or bank-owned. 180 new properties came on the market in May, 28% less than April 09. 106 properties went pending in May and 132, in April. A total of 131 properties closed in May, which was a 61% increase from last month. The ave... (more)

$8,000 Homebuyer Tax Credit Amended To Be Used As Downpayment

Once again, the ball has landed in the buyer’s court, with the implementation of the Florida Homebuyers opportunity Program.  A substantial win for all parties involved in pushing the program into reality. In Florida, the battered housing market can always use more positive news according to local real estate agents. “This new stimulus couldn’t come at a better time for buyers” says Marco Island real estate agent Bronwyn Jones.  “With the home-prices at an 8-year low and the excellent mortgage rates available, properties are more affordable now than ever. Buyers feel that this is... (more)

iBidcondo Offers "Deal Of A Lifetieme" With The Beat Condos in Dallas

After their groundbreaking live, online auction in Austin, iBidcondo is pleased to announce the latest addition to its Auction list: The Beat Condos at South Side in downtown Dallas, Texas.  The premiere iBidcondo Auction, where a winning bid of $87,000 was placed for a $690,000 Star Riverside Unit in Austin, was the first in a series of upcoming "recession buster" auctions.  Continuing to provide only the highest quality properties at remarkable prices, iBidcondo moves forward with the first auction of The Beat Condos set for Monday, July 27th, 2009. "The Beat Condos match perfe... (more)

Oppenheim Hosts Legal Real Estate Workshop

Helping homeowners prevent foreclosure is keeping Roy Oppenheim busy as he defends the constitutional rights and wrongs for Broward homeowners. Considering the Sunshine State's foreclosures rank 4th in the nation and South Florida foreclosures jumped up 33 percent in the first quarter of 2009, foreclosure defense expertise is a hot commodity that is often times a missed step. Now Broward homeowners have somewhere to turn when facing foreclosure, Oppenheim's free legal real estate workshop that is hosted on the first Thursday of every month with the next workshop on May 7th, 2009... (more)