According to May 2010 statistics, 83% of the properties of new Condos purched in Downtown Miami have been all-cash transactions.
The rush to purchase Miami downtown Condos has been started by institutional investors buying new properties directely from developers. But where is possible to find interesting prices to buy in Miami? here is a list of different Miami areas with distressed properties:
Aventura: Distressed house discounted 34 percent.
Biscayne Park: Distressed house discounted 33 percent.
Coconut Grove: Distressed house reduced 59 percent.
Coral Gables: House reduced 50 percent.
Eastern Shores: House on the Intracoastal discounted 27 percent.
El Portal: Distressed house discounted 48 percent.
Miami: Distressed house reduced 75 percent.
Miami Beach: Bayfront luxury house reduced 63 percent.
Miami Gardens: Bank-owned house discounted 33 percent.
Miami Shores: Distressed house on the bay discounted 64 percent.
N. Bay Village: Distressed house reduced 29 percent.
N. Miami: Distressed house reduced 57 percent.
N. Miami Beach: Distressed house discounted 68 percent.
S. Miami: Distressed house discounted 67 percent.
Sunny Isles Beach: House on a canal reduced 50 percent.
Surfside: House reduced 22 percent.