Month: November 2012

Bargain Prices in Deep South Miami-Dade Still Exist

Posted on Updated on

Just a few years ago, during the depths of the real estate slump, homebuyers looking in the area of deep South Miami had many options when it came to decent home priced under $50,000. With the high number of foreclosures, a good deal was never too far away.

Since then, the picture is a quite different, with homes for sale—especially foreclosures—harder to find. Inventory is down and prices have risen.

The good news is, there still are some good properties out there, particularly for homebuyers willing to put in the time for homes needing a little TLC, according to a recent article in the Miami Herald.

The article states that in a recent review of active single-family home listings in unincorporated deep South Miami-Dade, Homestead and Florida City, four foreclosures and 24 short sales priced from $50,000 to $80,000. While homes priced under $80,000— mostly distressed — can be found throughout Broward in areas like Fort Lauderdale, Tamarac, Davie, Hollywood and Pompano Beach.

Click here to read the full article.