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Old 12-06-2005, 11:34 AM   #1
NickJ
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Miami Realestate Market Crashing soon ! ! ! !

http://miami.craigslist.org/rfs/116181400.html


Numbers and stats don't lie. I have two condos for sale right now one is over 400 thousand and one is $180,000. The cheap one will sell very very quickly. the expensive one is just getting a lot of shoppers low balling me. This market is going to heat up with deals in the next 6 mos to a year.
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Old 12-08-2005, 02:08 PM   #2
NickJ
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What? No one cares?
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Old 12-08-2005, 02:25 PM   #3
After Shock Media
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I care enough to know realestate sales slow a great deal during the winter months and then pick up again in the spring.
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Old 12-09-2005, 06:44 AM   #4
NickJ
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Hmm, you could have a point but that link to the stats shows a large increase in inventory and decline in price. I think inventory is the big factor here. I do get a lot of buyers wanting the cheapo apt and they don't make low ball offers.. but the more expensive one gets bids that are like 20 percent less than asking price. I know there are a lot of vultures out there looking to get deals and this is going to continue. If you want to buy a lux condo in Miami I say wait about 6 mos to a year.
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