Great motivation was shown from homeowners last month with a total of seven units hitting  the for sale market. These new listings have an average asking price of $307,857. We have penthouse 18 listed at $450,000 and also unit #1111 with three beds and three baths listed at $390,000. The listing of the month is unit #1524 which was recently fully remodeled and it also offers amazing views to the south and east of Biscayne Bay and Miami Beach.

Three units were successfully sold last month at Grandview Palace. Two of these condos were sold through financing with conventional loans. This condos were sold for an average price of $263,000 and spent an average of 475 days in the market before selling. We must highlight unit #819, which was originally listed at $389,000 more than three years ago. This condo was taken off the market and added back at a much lower price at different occasions until it finally went under contract and sold for $279,000.

Six units were successfully rented last month at Grandview Palace. These units were rented for an average price of $1,500 a month. We must mention that some of these units are also offered for sale. Unit #1706 was recently sold and in less than a month was rented. Our building has been really attractive to investors since the rental market is great, HOA fees are low and sales prices are competitive.

Disclaimer: We are an independently operated company, and we are not directly affiliated with the building or area mentioned above. The information herein is derived from various sources that may include, but are not limited to, public county records and the Multiple Listing Service (MLS). Please do not make decisions or assumptions based on this information without seeking professional advice.