In the past couple of months the condo sales activity has been everything but slow in Brickell.   Condos priced at market or just below are going under contract in days a tremendous change from just month’s back.  It seems that Investors have flooded the market in an effort to grab the deals before they are gone and prices start to stabilize.  With short-sale’s taking up a large portion of the condos for sale in Brickell and Foreclosures or REO’s become more scarce buyers are now more willing to wait out for the Short-sales to be approved knowing this is the next best thing when it comes to grabbing a condo in Brickell at an amazing price.

If you are looking for a foreclosure deal keep in mind that the list price will usually  be your starting point , specially in Brickell, the competition is fierce and Investors are ready to make cash offers many times above list price.  If  bank has priced the foreclosure property way below market the intention is to get multiple buyers interested and create a situation were multiple offers are submitted thereby driving the price up to were it should be.  There are still opportunities out there it’s just a matter of  looking for them….the question is how long will it last?