Distressed Real Estate in Miami-Dade County
The chart above represents all distressed properties in Miami-Dade County, including Miami Beach. There are 10,219 homes for sale in a distressed state. There are more than 1,100 of them selling per month, and about 2,300 properties are being pended per month.
Distressed Real Estate in Miami Beach
Now the true picture is revealed. In ALL of Miami Beach, there are 700 distressed properties on the market for sale, with about 75 of those being sold per month. Since our season ends in June, the dip in pended sales makes sense.
Distressed Miami Beach Real Estate over $500,000
If you break it down even further, approximately 100 of the 700 units in Miami Beach that are in a distressed state are
$500,000 and over—that’s like nothing.
Miami Beach Distressed Real Estate
- 3,121 active listings in Miami Beach
- 700 or 22.4 percent are in a distressed state (bank-owned or short sale)
- 600 of those units are under $500k
No comments:
Post a Comment