The number of foreclosures in South Florida year-to-date increased to 90,063 from 69,771 at the same point last year, according to data from Condo Vultures Realty. For this week alone, the number rose to 1,140 from 657 in the same week last year. The graph below shows foreclosure activity in South Florida's three counties.

via The Real Deal | South Florida Real Estate News.

The incomplete Tivoli Isles community west of Delray Beach will auction off 100 properties in a foreclosure sale scheduled for Nov. 30. Palm Beach County court documents show that New Jersey-based developer Hovnanian Enterprises has effectively become the lender on a $30.5 million unpaid loan balance. The original plans included 315 homes on about 130 acres of land with prices beginning in the $300,000 range. But according to court records, just 152 homes had sold as of late Dec. 2008 when the foreclosure suit was filed.

via The Real Deal | South Florida Real Estate News.

Despite rising vacancy rates across the Miami-Dade County market, development continues on about 3 million square feet of office space in the county.

Factor in the 500,000 square feet delivered in the second quarter and the 1.8 million square feet coming online in early 2010 and it's a fairly daunting picture. Asking rates are declining and concessions are getting more creative — and may have to become even more inventive.

via The Real Deal | South Florida Real Estate News.

The number of residential properties under contract to be sold in South Florida continued to rise, nearly doubling from this time last year.

A report from Miami-Dade County-based real estate consulting firm Condo Vultures Realty said there are 18,277 pending sales of existing single-family homes, condominiums and townhouses in Palm Beach, Broward and Miami-Dade counties, as of Nov. 16. Condo Vultures drafted the report using data from the Florida Association of Realtors.

The new report provides strong evidence that more buyers than ever in the tri-county region are responding to the raft of deeply discounted residential properties and taking advantage of the federal government's homebuyer tax credits.

via The Real Deal | South Florida Real Estate News.

$8,000 First-time Home Buyer Tax Credit at a Glance

* The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.

* The tax credit does not have to be repaid unless the home is sold or ceases to be used as the buyer’s principal residence within three years after the initial purchase.

* The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.

* The tax credit applies only to homes priced at $800,000 or less.

* The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.

* For homes purchased on or after January 1, 2009 and on or before November 6, 2009, the income limits are $75,000 for single taxpayers and $150,000 for married couples filing jointly.

* For homes purchased after November 6, 2009 and on or before April 30, 2010, single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.

via Federal Housing Tax Credit: Tax Credits at a Glance.

The Estimated Tax is just that, an estimated value based upon the average Millage Rate of 21.5 mills (or 2.15%).

Senior Exemptions are not taken into account for the estimated tax amount.

Your Taxes may be higher or lower.

This estimate does not include any Non-Ad Valorem assessments/Fees (Fire, Garbage, Light, Drainage,

Improvement or Safe Neighborhood Assessment)

via Broward County Property Appraiser’s Network.

Florida Mortgage Rates 11/24/2009

Loan Type Today +/-

15 yr fixed 4.83

30 yr fixed 4.99

5/1 ARM 3.50

Rates may contain points

via Fort Lauderdale Mortgage Rates, Refinance, FL Mortgage Companies, Home Equity Loans, Fort Lauderdale Mortgage Interest Rates.

Beautiful condo in a great community in fort lauderdale. Exterior of building is absolutely beautiful. two bed, two bath condo.

Short Sale 3 story Corner End of Group TWH with attached garage- Great Private location in Village East. Super amenities, enjoy Urban lifestyle, close to Harbor shops, Resturants, bike to beach. Washer and Dryer in Garage, built in 2001.

GREAT PET FRIENDLY COMMUNITY CLOSE TO THE BEACH, DOWN TOWN AND AIRPORT. THE UNIT IS LIKE A TOWNHOUSE WITH YOUR OWN GARAGE.

Directly on the sand! Combine brand new top quality interiors,SE corner exposure & L'Hermitage 5 star resort-style amenities. The result is an absolutely stunning penthouse with generous balconies & one of the finest views in the city.Top quality marble floors,fabulous gourmet kitchen,2 bedroom suites on one side incl luxury guest suite,other side media room & ultra luxurious master suite,sitting area, separate his/her closts,separate his/her luxury spa bathrooms both finished to the highest standards.

Excellent move-in condition Bright high floor 2 bedroom 2 bath plus den. Magnificent beach, ocean, city and lush garden views. Huge balcony. L'Hermitage is a 5 star resort-like complex with restaurant, attended beach, heated pools, hot tubs, steam rooms, saunas, massage rooms, party rooms, card rooms, billiard rooms, valet.

LA RIVE GRAND PENTHOUSE! DAZZLING! CUSTOM-BUILT PENTHOUSE SUITE. 6,400 SF OF OPULENCE AND SWEEPING ICW, CITY & OCEAN VIEWS. HAND-PAINTED TRAY CEILINGS. EXQUISITELY DESIGNED CHANDELIERS. VENETIAN PLASTER WALLS. GLASS W/MARBLE DUST FLOORS. ITALIAN-MADE BUTTERFLIES MOSAIC INSET IN FOYER. FLOATING GLASS WET BAR. AUTOMATIC ELECTRIC WINDOW SHADES. KITCHEN FEATURES DACOR, GAGGENAU & MIELE.

REDUCED FROM $1,925,000<< Directly on the Intracoastal > UNIQUE CORNER UNIT HAS PRIVATE ELEVATOR ENTRY WITH BALCONY 1,000 +/- SQ FT < Split floor plan 3 bedrooms 3.5 bathrooms > 3,417 SQUARE FEET UNDER AIR < Total square feet 4,381 > CONTEMPORARY WITH FLOOR TO CEILING IMPACT WINDOWS < Views of Intracostal, City, Bonnet Park, and Atlantic Ocean > 2 OVERSIZED PARKING SPACES

“CORNER UNIT” VERY LARGE 2,681 SQUARE FT, 3/3.5 WITH VIEWS OF OCEAN, BONNET PARK & INTRACOASTAL. UNIT FEATURES TRAVERTINE MARBLE FLOORING THROUGHOUT, GRANITE COUNTER TOPS & STAINLESS STEEL APPLIANCES. LARGE WALK IN CLOSETS, PARKING SPACE #&apos;S 302 & 303 DIRECTLY OFF ELEVATOR. ENJOY THE GOOD LIFE AT LA RIVE, CONTEMPORARY MASTERPIECE COMPLETE W/ 24 HOUR DOORMAN, HEATED POOL DIRECTLY OFF THE INTRACOASTAL

Purchase entire 28,000 SF property and occupy from 4000 – 14,500 SF and receive income from the rest! AAA Ground Floor Courtyard Style Office Space AAA lushly landscaped courtyard style offices! – First floor space in arguably one of the finest office areas in Coral Springs! One or two very attractive units are available – Size ranging from 4000 SF to 14,500 SF.

EXCELLENT INVESTMENT OPPORTUNITY! BEAUTIFUL TWO STORY MULTI-TENANT OFFICE/RETAIL BUILDING. 49,730 +/- RENTABLE SF. ONLY 3 SMALL OFFICE SUITES VACANT (395.2 +/- SF TOTAL). ALMOST 100% LEASED. CAP RATE: APPROXIMATELY 7%. RETAIL & OFFICE USERS. GREAT TENANT MIX. IN CLOSE PROXIMITY TO RESIDENTIAL COMMUNITIES, RETAIL CENTERS, INDUSTRIAL PARKS, OFFICE BLDGS, ETC. ADJACENT TO THE NEW WEST PINES SOCCER PARK & NATURE PRESERVE.

Premium professional and medical office condominiums located at the heart of Miami-Dade and Broward Counties, very close to the county line. This 6 story waterfront property sits on a 5.2 acre peninsula overlooking a +60 acre lake. Units range in size from +/-1,172gsf to nearly 3,000gsf or an entire floor. Most units have out door balconies and terraces.

THIS IS A QUEIT GATED COMMUNITY IN THE CENTER OF FORT LAUDERDALE. WALK-IN CLOSETS, WASHER & DRYER, FITNESS CENTRE, NICE POOL AREA… CLOSE TO BEACH, SHOPPING CENTRE, RESTAURANTS, PUBLIX, LAS OLAS, AND AIRPORT!

UNIT 202 IS THE BEST LINE IN COCONUT GROVE WITH THE BEST VIEWS AT THE BEST PRICE!! DIRECT OCEAN VIEWS FROM EVERY ROOM. SPACIOUS OPEN FLOOR PLAN. ONLY 64 UNITS IN THE BUILDING SITUATED ON THE MOST DESIRABLE BEACH IN FORT LAUDERDALE. NEXT DOOR TO THE MARRIOTT HARBOUR BEACH.

LARGEST 2/2 IN BEAUTIFUL WATERFRONT BUILDING! SEPARATE DINING AREA AND LOTS OF OPEN SPACE! HAS WONDERFUL AMENITIES- ROOFTOP POOL, STATE OF THE ART FITNESS CENTER, BEAUTIFUL CLUB ROOM, STEAM ROOM, & MUCH MORE!

State of the art building, walking distance to Las Olas Blvd, restaurants and night entertainment. Minutes away from the beach. A 2/2 with SS appliances, split bedrooms and nice size storage.

GREAT LOCATION CLOSE TO FORT LAUDERDALE BEACH AND DOWNTOWN. A BIG UNIT GOOD CONDITION. COMPLEX HAS A BEAUTIFUL POOL. MUST SEE!!! SHORT SALE NEEDS 3RD PARTY APPROVAL.

BREATHTAKING VIEWS! EXQUISITE FINISHING! Take a look at the other Columbus units on the market – THEN – take at look at THIS ONE! There is no comparison. As the elevator doors open into the &apos;private&apos; foyer, you will be amazed at the incredible finishing work and built in features of this 32nd floor condo!

RARE spacious 1 BR in the Las Olas Riverhouse. Live in the best building in DT Fort Lauderdale for the lowest possible price. Enjoy all the amenities including spa, fiteness center, resort style pool, concierge and MORE! GREAT riverview. Watch the never ending parade of yachts cruising up the New River. Walk to all that Las Olas has to offer. Theatre, shops, restaurants, art galleries. Enjoy the Ft. Lauderdale Riverwalk righ outside your door.