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Great News For Residents! Foreclosures Are Down On Key Biscayne

October 24th, 2013 Written By Dominique Duque

Foreclosure

Key Biscayne is seeing a slowdown in the number of foreclosures hitting the market.  There have been 7 foreclosure properties sold so far in 2013 (all were condos) compared to 19 during the same period of 2012 (18 condos/1 single family home).  This is a trend we are experiencing across Miami-Dade County.  With values on the rise, we are seeing fewer and fewer homeowners defaulting on their loans.

Details of foreclosures sold on Key Biscayne during 2013:

  1. 600 Grapetree Drive, Unit 3BS | Mar Azul | Sale Price: $1,145,000
  2. 161 Crandon Boulevard, Unit 211 | Key Colony | Sale Price: $605,000
  3. 1121 Crandon Boulevard, Unit F905 | Towers of Key Biscayne | Sale Price: $401,000
  4. 150 Ocean Lane Drive, Unit 5B | Island Breakers | Sale Price: $330,000
  5. 575 Crandon Boulevard, Unit 510 | Key Biscayne Ambassador | Sale Price: $$301,200
  6. 100 Sunrise Drive, Unit 11 | Sunrise Club | Sale Price: $236,500
  7. 100 Sunrise Drive, Unit 16 | Sunrise Club | Sale Price: $104,900

There are currently no active foreclosures (condos or single family homes) on the market on Key Biscayne.

We study the numbers and track the Key Biscayne market.  If you are considering buying or selling on Key Biscayne, please contact us directly at 305-766-7666 or send us a message here.  We would love the opportunity to work with you.
Don’t Miss Today’s News From Our Other Real Estate Blogs!
The Real Estate Coconut
Brickell Condo Blog
Coral Gables Real Estate Vault
We study the numbers and track the Key Biscayne market.  If you are considering buying or selling on Key Biscayne, please contact us directly at 305-766-7666 or send us a message here.  We would love the opportunity to work with you.
Don’t Miss Today’s News From Our Other Real Estate Blogs!
The Real Estate Coconut
Brickell Condo Blog
Coral Gables Real Estate Vault

– See more at: http://unlockkeybiscayne.com/#sthash.VEy0YDOg.dpuf

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