Comments on: The Platinum Condo Auction…How Low Did They Go? http://blog.ewm.com/2007/09/20/the-platinum-condo-auctionhow-low-did-they-go/ Public Blog Mon, 16 Nov 2009 15:18:24 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Adriana http://blog.ewm.com/2007/09/20/the-platinum-condo-auctionhow-low-did-they-go/comment-page-1/#comment-2459 Adriana Fri, 28 Sep 2007 19:12:32 +0000 http://blog.ewm.com/2007/09/20/the-platinum-condo-auctionhow-low-did-they-go/#comment-2459 Great information and I believe there are more absolute auctions to come soon. Great information and I believe there are more absolute auctions to come soon.

]]> By: David Meier http://blog.ewm.com/2007/09/20/the-platinum-condo-auctionhow-low-did-they-go/comment-page-1/#comment-2316 David Meier Tue, 25 Sep 2007 22:50:00 +0000 http://blog.ewm.com/2007/09/20/the-platinum-condo-auctionhow-low-did-they-go/#comment-2316 Latest article from the Miami Herald via FAR: Miami condo auction draws low bids http://www.floridarealtors.org/NewsAndEvents/n4-092507.cfm The only sold the "absolutes" and cancelled the rest to hold as rentals. PS - Beth is there any way to link in a remark, or do I have to do as above and paste the link? Latest article from the Miami Herald via FAR:

Miami condo auction draws low bids
http://www.floridarealtors.org/NewsAndEvents/n4-092507.cfm

The only sold the “absolutes” and cancelled the rest to hold as rentals.

PS – Beth is there any way to link in a remark, or do I have to do as above and paste the link?

]]> By: Christopher Zoller http://blog.ewm.com/2007/09/20/the-platinum-condo-auctionhow-low-did-they-go/comment-page-1/#comment-2142 Christopher Zoller Sun, 23 Sep 2007 22:10:05 +0000 http://blog.ewm.com/2007/09/20/the-platinum-condo-auctionhow-low-did-they-go/#comment-2142 Great job reporting and analyzing this auction. I think this is just the beginning and we will see many more. You are so right in recognizing this location, but any unit for $235 psf will be a good value in the future. I'm hoarding my cash (Tom, I won't even spend it at the bar!) Great job reporting and analyzing this auction. I think this is just the beginning and we will see many more. You are so right in recognizing this location, but any unit for $235 psf will be a good value in the future. I’m hoarding my cash (Tom, I won’t even spend it at the bar!)

]]> By: Platinum Miami Condo Auction: Why Do Market Fundamentals Still Not Matter? » South Beach Condo Blog http://blog.ewm.com/2007/09/20/the-platinum-condo-auctionhow-low-did-they-go/comment-page-1/#comment-2141 Platinum Miami Condo Auction: Why Do Market Fundamentals Still Not Matter? » South Beach Condo Blog Sun, 23 Sep 2007 21:28:44 +0000 http://blog.ewm.com/2007/09/20/the-platinum-condo-auctionhow-low-did-they-go/#comment-2141 [...] From looking at the numbers, the people who bought the “absolute” units probably got a fair deal. Platinum is in an inferior location (north of the P.A.C., not waterfront), and all the real estate market fundamentals that didn’t matter much during the frenzy (location, supply and demand; little things) will now become more important than ever. [...] [...] From looking at the numbers, the people who bought the “absolute” units probably got a fair deal. Platinum is in an inferior location (north of the P.A.C., not waterfront), and all the real estate market fundamentals that didn’t matter much during the frenzy (location, supply and demand; little things) will now become more important than ever. [...]

]]> By: Platinum Miami Condo Auction: Why Market Fundamentals Still Don’t Matter » South Beach Condo Blog http://blog.ewm.com/2007/09/20/the-platinum-condo-auctionhow-low-did-they-go/comment-page-1/#comment-2140 Platinum Miami Condo Auction: Why Market Fundamentals Still Don’t Matter » South Beach Condo Blog Sun, 23 Sep 2007 21:16:22 +0000 http://blog.ewm.com/2007/09/20/the-platinum-condo-auctionhow-low-did-they-go/#comment-2140 [...] From looking at the numbers, the people who bought the “absolute” units probably got a fair deal.  Platinum is in an inferior location (north of the P.A.C., not waterfront), and all the real estate market fundamentals that didn’t matter much during the frenzy (location, supply and demand; little things) will now become more important than ever. [...] [...] From looking at the numbers, the people who bought the “absolute” units probably got a fair deal.  Platinum is in an inferior location (north of the P.A.C., not waterfront), and all the real estate market fundamentals that didn’t matter much during the frenzy (location, supply and demand; little things) will now become more important than ever. [...]

]]> By: Susan Perry Fuhrman http://blog.ewm.com/2007/09/20/the-platinum-condo-auctionhow-low-did-they-go/comment-page-1/#comment-2128 Susan Perry Fuhrman Sun, 23 Sep 2007 15:51:26 +0000 http://blog.ewm.com/2007/09/20/the-platinum-condo-auctionhow-low-did-they-go/#comment-2128 sounds like the vultures are circling - perhaps prematurely. Thanks for the info. Susan sounds like the vultures are circling – perhaps prematurely. Thanks for the info. Susan

]]> By: Kevin Tomlinson http://blog.ewm.com/2007/09/20/the-platinum-condo-auctionhow-low-did-they-go/comment-page-1/#comment-2126 Kevin Tomlinson Sun, 23 Sep 2007 15:40:14 +0000 http://blog.ewm.com/2007/09/20/the-platinum-condo-auctionhow-low-did-they-go/#comment-2126 Beth Best coverage! I'm all in favor of "letting the chips fall where they may." Many developers over the years (AQUA, Blue & Green Diamond)have tried to outsmart the market and in the end the pressure of the "real market" always wins out. Platinum has a an inferior location: north of P.A.C, not waterfront and the building is nothing to be excited about. Beth
Best coverage! I’m all in favor of “letting the chips fall where they may.”

Many developers over the years (AQUA, Blue & Green Diamond)have tried to outsmart the market and in the end the pressure of the “real market” always wins out.

Platinum has a an inferior location:
north of P.A.C, not waterfront and the building is nothing to be excited about.

]]> By: Laura Veitia, P.A. http://blog.ewm.com/2007/09/20/the-platinum-condo-auctionhow-low-did-they-go/comment-page-1/#comment-2106 Laura Veitia, P.A. Sat, 22 Sep 2007 23:19:44 +0000 http://blog.ewm.com/2007/09/20/the-platinum-condo-auctionhow-low-did-they-go/#comment-2106 Great post. I think you'll see more auctions occur in buildings like the Platinum. Those resellers may want to trim a little fat off their list price. Great post. I think you’ll see more auctions occur in buildings like the Platinum. Those resellers may want to trim a little fat off their list price.

]]> By: Marisela Morales http://blog.ewm.com/2007/09/20/the-platinum-condo-auctionhow-low-did-they-go/comment-page-1/#comment-2089 Marisela Morales Sat, 22 Sep 2007 14:52:39 +0000 http://blog.ewm.com/2007/09/20/the-platinum-condo-auctionhow-low-did-they-go/#comment-2089 Beth, Very good article, it sure is a good example of what is going on out there. It is a good tool to show our sellers...the message would be "do not panic but be cautios" Thanks Beth,
Very good article, it sure is a good example of what is going on out there. It is a good tool to show our sellers…the message would be “do not panic but be cautios”
Thanks

]]> By: Vicki Restivo http://blog.ewm.com/2007/09/20/the-platinum-condo-auctionhow-low-did-they-go/comment-page-1/#comment-2080 Vicki Restivo Sat, 22 Sep 2007 03:38:09 +0000 http://blog.ewm.com/2007/09/20/the-platinum-condo-auctionhow-low-did-they-go/#comment-2080 I was curious as to what your take would be on the auction.Great blog! Not a squeeler in the crowd would utter the name of anyone who had walked from a condo deposit or was about to walk from a closing? (Maybe if the reporter had offered a free condo in exchange for that information, she'd have gotten a taker or two.) You didn't want to holler out "I DO... I KNOW.. I'LL TELL!"? I was curious as to what your take would be on the auction.Great blog! Not a squeeler in the crowd would utter the name of anyone who had walked from a condo deposit or was about to walk from a closing? (Maybe if the reporter had offered a free condo in exchange for that information, she’d have gotten a taker or two.) You didn’t want to holler out “I DO… I KNOW.. I’LL TELL!”?

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