Pavilion from the Ocean

Pavilion from the Ocean

Welcome to iPavilionCondo.com

This forum, by owners for owners, provides useful information for owners to view and discuss.

This blog does not belong nor represents the views of the Pavilon Condo Association

You can subscribe to the blog by entering your email on the upper hand side on the blog. You will then receive an email with a link that you must click on to complete the subscription. Then every time the blog is updated you will receive an email message.

Miami home prices up 16 percent in February, S&P Case-Shiller said


Home values in South Florida jumped 16 percent in February from a year earlier, according to the latest numbers from S&P/Case-Shiller.
The Miami index, spanning Miami-Dade, Broward and Palm Beach counties, posted the sixth biggest year-over-year gains among 20 major metropolitan markets tracked in the closely watched report.
The 20-city composite showed nationwide home prices rose 12.9 percent in the 12 months ended in February.
South Florida prices were off 0.2 percent in February from January levels on a non-seasonally adjusted basis, a flattening that signals Miami prices, too, are slowing down.
In January, home prices in South Florida rose 16.5 percent from a year earlier.
“Five years into the recovery from the recession, the economy will need to look to gains in consumer spending and business investment more than housing,’’ David M. Blitzer, chairman of the Index Committee at S&P Dow Jones Indices, said in a statement. “Long overdue activity in residential construction would be welcome, but is certainly not assured.”
The S&P/Case-Shiller indices use resales of properties that have sold at least twice, aiming to show accurate increases and decreases in value. The reports lags the market by two months.

Is Miami the next Monaco?


If Miami real estate is a bubble, it's still inflating fast.
The average sales price for Miami real estate was up 19 percent in the first quarter compared with the same period a year ago, according to a report from Douglas Elliman and Miller Samuel. The median sales price hit $244,000, the highest since the pre-crisis peak in 2008.
The number of sales was up 4 percent, and it hit the highest level since Elliman started gathering data in 2006. The number of days homes were on the market fell 9 percent.
The luxury sector—defined in the report as the top 10 percent of the market—was truly on fire. The average sales price for luxury single-family homes surged 34 percent over the same quarter last year, rising to $2.7 million. The number of luxury sales also grew 7 percent.

NEW DATE: Board Meeting April 16 2014





THE PAVILION CONDOMINIUM ASSOCIATION OF MIAMI BEACH, INC.
BOARD OF DIRECTORS MEETING
WEDNESDAY , 16 OF APRIL 2014 
AT 7:00  PM SHARP
 AGENDA

1)   Meeting called to order

2)   Roll Call/Quorum Verification

3)   Property Manager Presentation                                                 
 
4)   President’s Report
A)  Inherited Issues (Temas heredados)
B)  Status of Construction Project
C)  Delinquency (Morosidad)
D)  Status of other Issues

5)   Compliance Committee

6)   Questions and Answers segment for unit owners

7)   Adjournment
                 

 

Dr. Osvaldo Valiño
President
Thursday, 10 of April 2014
  

NOTE: MEETING FOR UNIT OWNERS ONLY



POSTPONED - BOD for April 14th 2014


DUE TO PASSOVER 
THE BOARD OF DIRECTORS MEETING
 SCHEDULED FOR MONDAY, APRIL 14, 2014
HAS BEEN POSTPONED.

NEW DATE WILL BE POSTED SHORTLY