Real Estate Market Report, February 2018.

At the 360 Condominium, homeowners' motivation to list their units for sale has skyrocketed since the beginning of this year. In February, a total of 8 units hit the market. Two corner units were offered in building A, as well as two other corner units in Building B. A highlight is a one bedroom REO, listed at $275,600.

Only one unit sold last month. Unit #801 in building A was sold after 94 days, for $355,000. This transaction closed through conventional financing. Every day, more and more units are closing through financing, and now with the recent increase in the interest rates, buyers are losing purchasing power and selling prices could be affected. For more information on how this recent increase may affect sale prices, visit: https://youtu.be/mMHVJ_KcscgMore Info

The 360 Condominium had a total of 6 units being offered for rent this past month. These units were listed at an average price of $2,475 per month. A one bedroom condo was listed in building A, only two one-bedroom units are available for rent in the condominium. All of these units were offered unfurnished. The building’s active inventory now stands at 21 units in total.

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