there are still foreclosures, but prices have been slashed, and the number of new, unsold condos on the market is falling steadily. buyers like yohan banharrouche are a big reason. >> i'm looking for a brand new building, something very modern. >> jeff: he's from france, and is checking out miami-area condos, including this penthouse with views... >> so this is sunny isles here? >> yes, this is sunny isles. >> jeff: ...unlike anything in paris. a steadily weakening u.s. dollar and deep price cuts are drawing international buyers like banharrouche. >> it's not so expensive now, because of the market went down in america. and if you want to buy something, you can bring euros, change to dollars, and it can get interesting for us. >> jeff: it is also interesting for realtors like brigitte lina. these days, her clients are all international. many were on the sidelines waiting to buy; now, they're swooping in, looking for investments and making all-cash offers to avoid mortgage delays. >> and they are closing. there are still buyers, because now the buyer says, "you know what? i regret... it

and even at that it's been sitting unsold for more than a year. what's wrong with it?'t it selling? >> the market has declined faster than the price that we have chosen. and we have had two offers earlier on when the owner thought, in fact, that he could do better. actually, they never came to fruition. >> reporter: in today's market price drops are the new normal. in fact, prices are back down to 2003 levels according to the latest price index. that's seven years of home value down the drain. with 4 million for sale lines across the country, the market is saturated, and sellers are hurting. >> now, seller is the dunce, seller is, you know the seller is the lowest form of life in the -- in real estate right now. >> reporter: susan pinkwater is a would be seller. she bought this house three years ago. >> three bedrooms upstairs. one bedroom in the base m. >> reporter: over time, she made major renovations. >> i tore out the entire ceiling and i took all the beams down, put up the skylights and the window so it opened it up. i call it my swiss chalet now. >> reporter: af

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