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.

What? No one cares?

I care enough to know realestate sales slow a great deal during the winter months and then pick up again in the spring.

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.