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Real estate agency in Miami Beach

The future of pre-constructions in Miami

The future of pre-constructions in Miami

Last year, we saw the drop of condo sales in almost all neighborhood except in the Downtown and South Beach area. In Brickell, the sales has dropped by an average of 5% while in Edgewater, it dropped by an average of 9%. This trend has been caused by the high inventory of luxury condos available for sale. In fact, there is currently a four years supply of luxury condos in the market.

This high inventory also contributes to a growing concern to real estate developers. There is a difficulty of selling new pre-construction units. Developers are postponing their projects in hope for a better market. Read the rest of this entry »

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Posted by on April 13, 2018 in News

 

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Is this the best time to sell your condos ?

Is this the best time to sell your condos ?

This is the best time to sell your home. The Miami real estate market is showing healthy sign of growth this year in terms of sales and prices. This is in contrast with the past two years where the number of properties sold increased but their value price decreased (see South Beach Report).  According to the MLS, properties are selling rapidly this year and the sellers can now sell their property near the asking price. Read the rest of this entry »

 
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Posted by on March 30, 2018 in News

 

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Miami Luxury Real Estate Report

Miami Luxury Real Estate Report

Miami is synonymous with luxury. Over the past few years, we have seen the boom in luxurious condo constructions such as the Armani ResidencesThe Ritz-Carlton Sunny Isles, and The Aston Martin Residences. Let’s have a look at some numbers to feel the current market trend.

The trends we can see are that the condos take longer to sell and the sales volume have dropped. It took 54 days longer for a condo to be sold in 2017 than in 2016 in the South of Fifth neighborhood. The days needed to sell a unit in other neighborhoods such as Brickell and Fisher Island have also increased by more than 30%.  Read the rest of this entry »

 
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Posted by on March 20, 2018 in News

 

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3 things you need to know about Miami Real Estate – March 2018

3 things you need to know about Miami Real Estate – March 2018

Here are some quick news about Miami Real Estate

  1. Renting Prices has soared up

Miami is a growing city with many urban development. Renting price has been soaring up and according to the National Low Income Housing Coalition’s annual report, a minimum wage worker needs to work at least 94.5 hours per week to pay their monthly one bedroom rent.

The affordable housing inventory has been depleted and out of 100 units available, only 26 are rent-friendly for the low wages.

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Posted by on March 19, 2018 in News

 

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Pre-construction projects in Miami 2018

Pre-construction projects in Miami 2018

Miami is without a doubt, a booming city in the United States. New constructions are growing like wild mushrooms. See below the some of pre-constructions projects currently happening!

If you would like to buy a pre-construction in Miami, the buyer deposit schedule is as follow (may vary depending on project): 20 – 30% on sales agreement, 20% at groundbreaking, 50% at closing

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Posted by on March 2, 2018 in News

 

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Top 3 most expensive condo in Brickell

Top 3 most expensive condo in Brickell

This is hands down one of our favorite articles to write about. Tall ceilings, classy décor, amazing services, it is everyone’s dream to live inside a magnificent palace up in the sky. We are bringing you for a tour of a lifetime.

If you are looking to buy a condo in the Brickell area where all the young crowd are, this list is for you. We are hereby excited to announce the Top 3 most expensive condos for sale based on MLX (February 2018 edition) !

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Posted by on February 23, 2018 in News

 

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The power of foreign buyers in South Florida

The power of foreign buyers in South Florida

Here is a fun fact: 80% of properties above $1,00,000 in Miami is owned by a non-US citizen. This is a stark contrast from other prime areas such as New York where 63% of them are owned by Americans. Back in to 2017, the foreign buyers has invested almost $7.5 billion on properties all across the United States. Read the rest of this entry »

 
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Posted by on February 9, 2018 in News

 

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