Only one unit was sold this last month at The Grandview Palace. #PH14 sold for $175,350 through auction. This penthouse faces north and is upgraded. Deals like this one are rare to find on the market, and when they do, they don’t last long.

Homeowners’ motivation at the Grandview palace kick-started the beginning of the year as a total of 16 units were offered for sale. All these units have an average asking of $282,299. We have three penthouses; it is not the first time Corner unit PH18 hit the market. Also, we must highlight #PH14 that sold this same month, is back on the market now for $268,000, and it is already under contract since it is still a great deal.

A total of five units rented this first month of the year. These units rented for an average rental price of $1,940 after spending approximately 87 days on the market. We must highlight that most of these units were rented by the same listing agent. Choosing the right agent will influence how long your unit stays on the market and the amount it will rent for.

The number of units that became available for rent this first month of the year is ten. These units average an asking price of $2,033 per month. We have a few corner units including the fully remodeled #607; this line is rarely available for rent. We also have #1912 that is being offered with two parking spaces and fully refurbished. With the new listings, the active inventory is now at 14.

If you any further questions regarding this report, you may contact            
Nivaldo Soria, P.A. or Claudia Serpa, P.A.
at 305-219-8343 or nivaldosr@SouthFloridaInvestments.com