Cranes are being prepped and construction permits are in high demand as multiple new condo and apartment projects are under way in South Florida. Due to the influx of renters and the inventory becoming depleted, nearly 5,000 apartment units are on deck for South Florida's very near future. The demand from International buyers continues to be a contributing and key factor in the absorption of existing inventory thus creating a necessity for additional units to purchase.

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For all your real estate needs please contact Bobby Auerbach at (954) 547-3600 or Bobby@BobbyAuerbach.com




For the complete article visit: http://www.miamiherald.com/2011/12/20/2555077/rise-in-us-home-building-suggests.html

You may have seen and heard about Apogee Condos in Miami Beach. Now prestigious Hollywood Beach is offering their own. Located at 4053 S. Surf Road you will find the 'other' Apogee Beach.

Scheduled for 'delivery' by Summer 2013, this luxurious residence developed by Miami's own, Jorge Perez, will offer everything you need from being an Advanced Technology 'Smart Building", stunning ocean views from each unit, 24 hour security, high-end appliances throughout, and the list goes on. Apogee Hollywood Beach will accommodate your space requirements by offering 2,3, and 4 bedroom floor plans.

For all your real estate needs please contact Bobby Auerbach at (954) 547-3600 or Bobby@BobbyAuerbach.com previous

Remember the housing boom that started in 2003 in South Florida? It seemed that we would never see the end of the inventory. Nearly 34,000 units were created in Miami-Dade County's markets of South Beach, Sunny Isles Beach and Downtown Miami. In Broward County, Hollywood, Hallandale and Downtown Fort Lauderdale and the beach developed 10,000 units.

Hollywood and Hallandale alone developed 5,000 new units. With the influx of sales, statistically by the end of the 3rd quarter of 2011, this market will be considered 'Sold Out'.

In the first 9 months of 2011 nearly $1.5 billion dollars in sales occurred. Now, 7 of South Florida's largest coastal markets have now sold more than 90% of the new units developed. With the vast amount of sales, the inventory is close to being absorbed and it is forecasted to be sold out by 2013 according to the Clerk of the Court. Foreign buyers from an array of Countries such as Brazil, Argentina and Peru assisted in acquiring much of the inventory.

As a result new developments are on the horizon. Developers are planning on creating about 4,000 units in each County of South Florida.


For all your real estate needs please contact Bobby Auerbach at (954) 547-3600 or Bobby@BobbyAuerbach.com


For the complete article visit: http://www.condovultures.com/News/PeterZalewskisAnalysis/tabid/215/ArticleId/53632/4-700-New-Coastal-Condos-Still-Unsold-From-South-Florida-Boom.aspx

Still not convinced hiring a real estate agent who truly knows the market is extremely significant?

NAR announced that one out of every three contracts to purchase a home in October never made it to a closing table. Here is a graph showing previous rates of cancellations which have more than quadrupled in the last 14 months!

Yes, there are no guarantees. However hiring a professional real estate agent to negotiate effectively and market your property on a global level, increases your chances of closing by at least 33%. Which percentage do you want to be a part of?

For all your real estate needs please contact Bobby Auerbach at (954) 547-3600 or Bobby@BobbyAuerbach.com










Fort the complete article visit: http://www.kcmblog.com/2011/11/22/why-you-need-an-expert-%e2%80%93-part-ii/