eDataNews

A team of 2 seasoned real estate agents in Broward Stephen Engasser and Jerry Charles with PalmHomes llc help seller to sell a single family home in Coconut Creek of South Florida in under 18 hours for 97% of the asking price.

It all started with Jerry being asked to help sell the seller’s house on July 6 2009. Jerry listed the home in the local MLS database at 10am and before 6pm the same day there were 6 potential inquiries. One of the 6 was the winning offer and the seller signed it on the spot.

The same team listed and sold a 530k home in Weston just a month in under 21 days. You can reach Stephen and his partner at http://mrfloridahomes.com

The Broward foreclosures sold in March 2009 were 226 according to the South Florida MLS database.Fort Lauderdale was the city with the most transactions amongt the 226 sales. Search for Fort Lauderdale foreclosures here.

The Miami-dade residential bank owned/foreclosures for March 2009 that sold were 206 according to the South Florida MLS database. The Miami Dade courthouse system since January 1 2009 till to-date has auctioned more than 4,300 properties which means that pretty soon these properties will be up for sale and the Banks will have now more than ever to upkeep and even improve these properties in this very competitive South Florida real estate market. What that may mean in the today’s real estate buyer is bigger savings and possibly less repairs than usual.

Register here to view Miami foreclosures.

The recessed market has its affect in the commercial office space market in the South Florida real estate. One could see vacant buildings driving up and down the major commercial routes in the South Florida region. Vacant bank buildings, because banks consolidated branches to save money, vacant office buildings, vacant flex buildings, vacant car dealership lots and more. The picture is very sad but at the same time this is the time to buy a commercial asset in a busy region such as south Florida.

As Florida land values drop so do the community development district bonds.  The community development district bonds help pay for infrastructure such as roads, parks, bridges etc. Ten out of 24 Florida’s community development district bonds are upside down (meaning the land is worth less than the bond) and most of them are for projects in the West Coast.

“Miami CitiCentre” is the name of a site that was a planned and approved by the city of Miami and would have consisted of a cluster of 3 skyscraper buildings that would rank amongst the top 10 tallest buildings in Miami. The project would have taken approximately 3 years to complete but it was canceled because of the current real estate market conditions.

A group of investors bought this 5.6 acres commercial zoned land in downtown Miami for $41 millions.

The Citrus county Crystal River power station resumed 100% electricity production after finishing repairs to “unit 3″.  “Unit 3″ is the one that generates 838 megawatts output using nuclear fusion. The total output of Crystal River is 2,809 megawatts of electricity combined. The remaining 1,971 megawatts are produced by coal.