Miami Condos, Miami Beach Real Estate

Miami Foreclosure-Ridden Complexes are Now Top Sellers

Miami condos complexes that had the worst foreclosure problems are now showing high condosales. In a reversal of fortune, seven of the top 10 most foreclosure-ridden complexes last year ranked among the 10 top-selling projects in the first three months of 2009, mostly because banks slashed prices in order to speed sales.

The new figures come from Miami-based market research firm CondoReports.com, which compared foreclosure and sales transactions in its database of 2,000 Miami-Dade projects built before 2008.

Three of thr best selling Miami condos projects were in Miami-Dade's farthest flung suburbs. Shoma at Keys Cove in Homestead ranked first with 50 sales; followed by Mandarin Lakes near South Miami Heights, with 32 sales; and, Bluewaters subdivision in the Country Walk area, also with 32 sales.

Full article...Miami Foreclosures, Miami Beach Real Estate