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Monthly Archives: May 2016

87 Park symbolizes the renaissance of North Beach

87 park eight seven park renzo piano miami real estate north beach

87 Park

Eighty Seven Park rings the bell of rejuvenation of a once sleepy part of town.

It sounds like Mid-Beach needed the help of Pritzker Prize-winner Renzo Piano to revive. Indeed, Renzo Piano just came up with a 18-story building in the middle of the park located on 87th Street. The Western hemisphere had long been waiting for Renzo Piano to build a residential tower on this side of the planet! Eighty Seven Park is surrounded by the ocean, the park and the trees. Read the rest of this entry »

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Posted by on May 27, 2016 in News

 

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What is the status of the preconstruction resale market?

table preconstruction resaleWe are currently in a preconstruction cycle that has started in 2012. All preconstruction that have been already completed have a very large inventory. There are still 11,000 preconstruction units left to be built and the inventory is foreseen to be even bigger than before!

For example, there are 228 months of supply at Echo Aventura for example. It means that among 1000 apartments at Echo Aventura, less than 5 would have sold over the period! Read the rest of this entry »

 
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Posted by on May 20, 2016 in News

 

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One Billion of Sales for Miami residential market

Auberge, condominium, miami, downtown, real estate, buy, purchase

Auberge

Even though prices keep on increasing in Miami, cash is still number one. Almost $1 billion of sales has been registered in March 2016 for residential units of single-family homes in Miami Dade. The median price went up by 7.7% as compared to the price for condominiums that dropped by 2.6%. Despite 5 years of record sales, Miami keeps on registering sales in the range of high price points.

Knowing that 50% of all transactions in Miami-Dade County are cash, it shows that home buyers are still very much invested in Miami real estate market. Read the rest of this entry »

 
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Posted by on May 2, 2016 in News

 

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