Recent Sales of Condos:

The table below shows a selection of recent sales activity (1/1/01-1/30/01) in our market area as drawn from regional MLS data. Note that we have calculated the "average" discount from the reported "Asking" and "Selling" prices for these properties to give some indication of what amount of bargaining or negotiating is "typical" in this market area. This can be found in the bottom right-hand portion of the table.

We find that the discount rate has loosened considerably since our last calculation (3.2%) to 7.86% indicating a strengthening of Buyer's bargaining position.

Address Unit # City Zip Square Feet Year Built Beds Baths 1/2 Baths Asking Price Sold Date Sold Price Discount
2131  CALAIS DR 12 Miami Beach 33140 915 47 2 2 0 $129,000 1/10/01 $113,900 11.71%
2899  COLLINS AV 1604 Miami Beach 33140 566 66 0 1 0 $95,000 1/10/01 $90,000 5.26%
3200  COLLINS AV 6-7 Miami Beach 33140 1,085 82 2 2 0 $175,000 1/26/01 $170,000 2.86%
3621  COLLINS AV 403 Miami Beach 33140 231 37 0 1 0 $32,900 1/12/01 $32,500 1.22%
3700  COLLINS AV S-210 Miami Beach 33140 340 38 0 1 0 $49,900 1/5/01 $38,000 23.85%
3700  COLLINS AV S-104 Miami Beach 33140 240 38 0 1 0 $42,000 1/25/01 $29,500 29.76%
4000  COLLINS AV 419 Miami Beach 33140 220 48 0 1 0 $42,000 1/16/01 $25,500 39.29%
4000  COLLINS AV 407 Miami Beach 33140 310 48 0 1 0 $45,000 1/11/01 $39,000 13.33%
5151  COLLINS AV 423 Miami Beach 33140 1,360 66 2 2 0 $249,000 1/2/01 $238,000 4.42%
5161  COLLINS AV 1707 Miami Beach 33140 1,030 66 2 2 0 $244,900 1/11/01 $239,000 2.41%
5225  COLLINS AV 1508 Miami Beach 33140 960 62 2 2 0 $189,000 1/11/01 $180,000 4.76%
5225  COLLINS AV 1408 Miami Beach 33140 960 62 2 2 0 $195,000 1/11/01 $185,000 5.13%
5401  COLLINS AV 1516 Miami Beach 33140 1,140 67 2 2 0 $212,000 1/12/01 $180,000 15.09%
5401  COLLINS AV 141 Miami Beach 33140 890 67 1 1 1 $155,000 1/10/01 $142,000 8.39%
5555  COLLINS AV 14M Miami Beach 33140 906 67 1 1 1 $179,000 1/8/01 $165,000 7.82%
5700  COLLINS AV 14B Miami Beach 33140 1,030 68 2 2 0 $145,000 1/3/01 $152,000 -4.83%
5825  COLLINS AV 12A Miami Beach 33140 1,776 67 2 2 0 $199,000 1/10/01 $180,000 9.55%
6039  COLLINS AV 911 Miami Beach 33140 1,290 71 1 2 0 $152,000 1/4/01 $150,000 1.32%
4201  INDIAN CREEK DR 10 Miami Beach 33140 600 53 1 1 0 $84,500 1/5/01 $83,380 1.33%
7330  OCEAN TE 2603 Miami Beach 33140 0 99 2 2 0 $359,000 1/24/01 $350,000 2.51%
1865  79 CA 6-0 Miami 33141 1,057 52 1 2 0 $75,500 1/17/01 $70,000 7.28%
900  BAY DR 309 Miami Beach 33141 920 63 1 1 0 $73,000 1/5/01 $63,000 13.70%
900  BAY DR 1018 Miami Beach 33141 726 63 0 1 0 $69,500 1/11/01 $65,000 6.47%
910  BAY DR 33 Miami Beach 33141 1,190 52 2 2 0 $87,000 1/12/01 $79,000 9.20%
5161  COLLINS AV 701 Miami Beach 33141 1,040 66 2 2 0 $167,000 1/22/01 $157,000 5.99%
6767  COLLINS AV 303 Miami Beach 33141 850 91 1 1 1 $149,000 1/9/01 $143,500 3.69%
6767  COLLINS AV 401 Miami 33141 1,230 91 2 2 0 $214,800 1/12/01 $191,500 10.85%
7800  COLLINS AV 101 Miami Beach 33141 950 99 2 2 0 $179,900 1/19/01 $179,900 0.00%
9102 W BAY HARBOR DR 2A Bay Harbor Islands 33154 1,770 70 2 2 1 $159,999 1/5/01 $150,000 6.25%
8855  COLLINS AV 3D Surfside 33154 1,590 94 2 2 0 $255,000 1/2/01 $245,000 3.92%
9801  COLLINS AV 12U Bal Harbour 33154 1,688 77 2 2 0 $320,000 1/2/01 $325,000 -1.56%
9801  COLLINS AV 6W Bal Harbour 33154 1,688 77 2 2 0 $339,000 1/15/01 $280,000 17.40%
10101  COLLINS AV 6A Bal Harbour 33154 3,110 94 2 4 1 $925,000 1/9/01 $905,000 2.16%
10175  COLLINS AV 1106 Bal Harbour 33154 2,018 82 2 2 1 $375,000 1/22/01 $320,000 14.67%
2935 NE 163 ST 5S North Miami Beach 33160 1,120 73 2 2 0 $69,900 1/25/01 $68,800 1.57%
3536 NE 168 ST 203 Miami 33160 816 72 2 2 0 $77,500 1/22/01 $74,000 4.52%
3577 NE 168 ST 105 North Miami Beach 33160 1,610 82 3 2 1 $169,500 1/17/01 $188,000 -10.91%
3550 NE 169 ST 208 North Miami Beach 33160 812 72 1 1 1 $48,900 1/11/01 $47,000 3.89%
3725 NE 169 ST 312 Miami 33160 1,110 70 2 2 0 $79,900 1/9/01 $76,900 3.75%
3948 NE 169 ST 205 North Miami Beach 33160 730 74 1 1 0 $68,000 1/18/01 $65,000 4.41%
3601 NE 170 ST 507 North Miami Beach 33160 826 74 1 1 1 $62,000 1/15/01 $57,000 8.06%
4000 NE 170 ST 602 North Miami Beach 33160 837 74 1 1 1 $72,500 1/12/01 $70,250 3.10%
4000 NE 170 ST 504 North Miami Beach 33160 1,085 74 2 2 0 $119,000 1/2/01 $110,000 7.56%
210  174 ST 1609 Miami 33160 2,267 81 3 3 0 $245,000 1/16/01 $245,000 0.00%
290  174 ST 615 Sunny Isles 33160 762 80 0 1 0 $76,900 1/11/01 $75,000 2.47%
2750 NE 183 ST 1509 Aventura 33160 1,232 71 2 2 0 $119,000 1/15/01 $103,000 13.45%
2750 NE 183 ST 1812 Miami 33160 775 71 1 1 1 $60,000 1/2/01 $59,000 1.67%
2801 NE 183 ST 2208 Miami 33160 1,066 74 1 1 1 $75,000 1/19/01 $68 99.91%
2851 NE 183 ST 1607E Aventura 33160 1,220 74 2 2 0 $73,500 1/22/01 $70,000 4.76%
2851 NE 183 ST 2010E North Miami Beach 33160 1,066 74 1 1 1 $71,500 1/17/01 $64,000 10.49%
16546 NE 26 AV 4C North Miami Beach 33160 1,200 73 2 2 0 $94,000 1/18/01 $112,000 -19.15%
16558 NE 26 AV 2H North Miami Beach 33160 1,053 74 1 1 1 $82,000 1/2/01 $77,000 6.10%
16570 NE 26 AV 6C North Miami Beach 33160 1,132 80 2 2 0 $97,000 1/2/01 $86,000 11.34%
16615 NE 35 AV 0 North Miami Beach 33160 1,800 00 3 2 1 $279,000 1/3/01 $270,000 3.23%
17021 N BAY RD 215 Miami 33160 894 79 2 2 0 $90,000 1/3/01 $90,000 0.00%
17700 N BAY RD 607 Miami 33160 1,300 94 2 2 0 $190,000 1/11/01 $180,000 5.26%
17700 N BAY RD 905 Sunny Isles 33160 1,300 94 2 2 0 $180,000 1/12/01 $175,000 2.78%
17720 N BAY RD 1302 Miami 33160 1,578 72 2 2 0 $139,900 1/3/01 $138,000 1.36%
100  BAYVIEW DR 1618 Miami 33160 1,357 75 2 2 0 $115,000 1/25/01 $115,000 0.00%
500  BAYVIEW DR 418 North Miami Beach 33160 762 69 1 1 1 $79,987 1/18/01 $80,000 -0.02%
18011  BISCAYNE BL 304-1 Aventura 33160 1,605 71 2 2 0 $107,500 1/12/01 $107,500 0.00%
16400  COLLINS AV 1042 Sunny Isles 33160 1,530 95 2 2 0 $310,000 1/5/01 $245,000 20.97%
16445  COLLINS AV 2026 Miami Beach 33160 2,020 93 2 2 1 $495,000 1/19/01 $350,000 29.29%
17555  COLLINS AV 407 Sunny Isles 33160 1,840 98 3 3 0 $415,000 1/3/01 $405,000 2.41%
18801  COLLINS AV 340-3 Miami 33160 260 65 0 1 0 $59,900 1/5/01 $54,000 9.85%
16950 W DIXIE HWY B525 B-525 North Miami Beach 33160 1,020 73 2 2 0 $54,900 1/9/01 $52,500 4.37%
1000  ISLAND BL 602 Aventura 33160 1,900 90 3 2 1 $329,000 1/9/01 $277,500 15.65%
2000  ISLAND BL 1505 Aventura 33160 1,750 95 2 2 0 $339,000 1/23/01 $312,000 7.96%
2800  ISLAND BL 1202 Aventura 33160 1,910 90 2 2 0 $329,000 1/3/01 $270,000 17.93%
2800  ISLAND BL 1702 Aventura 33160 2,610 90 3 3 1 $629,900 1/11/01 $540,000 14.27%
3700  ISLAND BL C207 Aventura 33160 1,640 89 2 2 0 $259,000 1/22/01 $222,000 14.29%
4000  ISLAND BL 2306/7 Aventura 33160 4,240 85 4 5 0 $1,195,000 1/2/01 $1,000,000 16.32%
7000  ISLAND BL 2604 Aventura 33160 2,690 98 3 3 0 $829,000 1/4/01 $790,000 4.70%
400  KINGS POINT DR 915 Sunny Isles 33160 695 65 1 1 0 $73,000 1/9/01 $68,000 6.85%
2851  LEONARD DR J-511 Aventura 33160 763 68 1 1 0 $43,000 1/4/01 $37,000 13.95%
2851  LEONARD DR J-304 Aventura 33160 763 68 1 1 0 $39,500 1/3/01 $37,500 5.06%
2861  LEONARD DR F-211 Aventura 33160 763 68 1 1 0 $47,899 1/3/01 $44,000 8.14%
2841 NE N MIAMI BEACH BL 1112 North Miami Beach 33160 790 69 1 1 1 $57,777 1/19/01 $55,000 4.81%
2801 NE 183 ST W-1508 Aventura 33180 1,066 74 1 1 1 $74,900 1/2/01 $69,000 7.88%
3370 NE 190 ST 915 Aventura 33180 1,664 00 2 2 1 $275,000 1/10/01 $265,000 3.64%
3370 NE 190 ST 2113 Aventura 33180 2,131 00 3 3 1 $469,900 1/2/01 $446,400 5.00%
3370 NE 190 ST 113 Aventura 33180 2,131 00 3 3 1 $391,000 1/23/01 $375,000 4.09%
3370 NE 190 STREET 3107 Aventura 33180 1,612 00 2 2 1 $302,900 1/25/01 $299,900 0.99%
3370 NE 190 STREET 2711 Aventura 33180 2,720 00 3 3 0 $550,000 1/4/01 $535,000 2.73%
3370 NE 190 STREET 1415 Aventura 33180 1,664 00 2 2 1 $295,000 1/24/01 $270,000 8.47%
3370 NE 190 STREET 3213 Aventura 33180 4,080 00 4 4 1 $885,000 1/12/01 $820,000 7.34%
3924 NE 199 TE TH Aventura 33180 4,460 97 5 5 1 $1,980,000 1/16/01 $1,679,500 15.18%
3801 NE 207 ST 9BN Aventura 33180 2,370 90 3 2 0 $635,000 1/16/01 $605,000 4.72%
3766 NE 209 TE 0 Aventura 33180 2,858 89 4 4 0 $449,000 1/18/01 $370,000 17.59%
20111 NE 27 CT K210 Aventura 33180 1,098 69 2 2 0 $64,900 1/12/01 $62,000 4.47%
20355 NE 34 CT 2723 Aventura 33180 3,528 90 3 4 1 $559,000 1/22/01 $529,500 5.28%
20185 E COUNTRY CLUB DR TS-3 Aventura 33180 2,000 90 2 2 1 $259,900 1/5/01 $245,000 5.73%
20281 E COUNTRY CLUB DR 406 Aventura 33180 1,560 84 2 2 0 $235,000 1/19/01 $220,000 6.38%
20505 E COUNTRY CLUB DR 831 Aventura 33180 1,038 81 2 2 0 $125,000 1/19/01 $114,000 8.80%
3101 N COUNTRY CLUB DR 111 Aventura 33180 1,083 72 2 2 0 $95,000 1/25/01 $90,000 5.26%
3475 N COUNTRY CLUB DR 607 Aventura 33180 994 71 2 2 0 $86,000 1/2/01 $81,000 5.81%
3731 N COUNTRY CLUB DR 628 Aventura 33180 1,153 80 2 2 0 $130,000 1/17/01 $112,000 13.85%
3731 N COUNTRY CLUB DR 1221 Aventura 33180 1,092 80 2 2 0 $134,500 1/12/01 $128,000 4.83%
20100 W COUNTRY CLUB DR 308 Aventura 33180 913 73 1 1 1 $85,000 1/2/01 $80,000 5.88%
20379 W COUNTRY CLUB DR 740 Aventura 33180 1,157 75 1 2 0 $97,000 1/10/01 $95,800 1.24%
20379 W COUNTRY CLUB DR 832 Aventura 33180 1,157 75 2 2 0 $105,900 1/11/01 $95,000 10.29%
3551  MAGELLAN CR 427 Aventura 33180 1,143 86 2 2 0 $149,000 1/17/01 $133,500 10.40%
21399  MARINA COVE CR 16 Aventura 33180 2,820 97 4 3 1 $268,900 1/12/01 $249,500 7.21%
3530  MYSTIC POINTE DR 1501 Aventura 33180 1,694 91 3 3 0 $319,000 1/5/01 $325,000 -1.88%
3530  MYSTIC POINTE DR 1004 Aventura 33180 1,181 91 2 2 0 $185,900 1/5/01 $180,000 3.17%
19707  TURNBERRY WY 22-K Aventura 33180 1,901 79 2 2 0 $349,000 1/4/01 $315,000 9.74%
3640  YACHT CLUB DR 1007 Miami 33180 1,430 91 2 2 0 $205,000 1/9/01 $195,000 4.88%
3640  YACHT CLUB DR 1602 Aventura 33180 1,430 91 2 2 0 $199,000 1/19/01 $190,000 4.52%
3640  YACHT CLUB DR 1408 Aventura 33180 1,430 91 2 2 0 $220,000 1/8/01 $195,000 11.36%
          Discount:

7.86%