The waterfront is doing well in South Florida. Thanks for asking.

Good news!

We are finally seeing a reversal of the waterfront market with increased demand and limited supply. The interesting thing to note is that unlike the crazy peak market days, the pent up demand is from buyers looking for good values. I guess everyone learned their lessons.

Don't get me wrong, the MLS will show excess supply if you do a search, however these are overpriced properties listed by agents who take listings at any cost to control the inventory. Surprisingly enough and against what most real estate trainers say about taking overpriced listings, these are the seasoned agents who are making the money because they know that eventually the sellers will feel urgency and agree to price reductions.

The short sales and foreclosures are far and apart except for Miami-Dade, where some bulk deals have and will set new records for low numbers.

The ultra high end segment is still holding and still showing prices well over the $1,000/sf mark.

Serving the coastal market of the tri-county area of Palm Beach, Broward, and Miami-Dade.