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Monthly Archives: January 2016

More single women are coming to the housing market.

Coconut Grove house, real estate, miami

Coconut Grove

Over the 3 years, prospective buyers have grown into a more feminine audience: Women buyers have increased by 1 to 1.5% in the main national markets from Boston to San Francisco.

The median age is 50, for a median income of $57,300. 39% of them are first-time buyers. 87% are buyers of previously-owner homes. 90% bought through an agent and the median home price is $169,100 for an average of 1600 sqft. What does it mean? They are more into single-family homes rather than apartments. They don’t seem to need as much as up-key condos. Read the rest of this entry »

 
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Posted by on January 22, 2016 in News

 

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A look back on 2015’s real estate in Miami

Faena House, miami, preconstruction, miami, real estate, boom, 2015

Faena House

What if the year 2015 had been the pivotal moment for South Florida of this preconstruction boom?

As it enters the 5th year of the current real estate cycle, certain observations have taken hold in 2015 thus influencing the duration of that condo boom happening in between Palm Beach, Broward and Miami-Dade.

Because of the weakening of foreign currencies against the U.S. D. and a global slowdown of the economy, South Florida’s financial safety measures have eroded over 2015. These were aiming at reducing risk for preconstruction condo developers. Indeed, in an area where 50,000 new units have been built over the past 5 years, competition prompts various strategies to attract buyers: Read the rest of this entry »

 
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Posted by on January 5, 2016 in News

 

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