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Category Archives: News

Is the Miami-Dade housing “bubble” about to deflate?

10 Nov
Is the Miami-Dade housing “bubble” about to deflate?

The current state of America’s housing market raises a lot of questions. Professionals and users seem concerned about the Real Estate market. Housing prices are rising faster, higher than ever. Today’s situation is the result of many factors combined, but the pandemic definitely triggered the whole industry. In fact, the Covid-19 situation lasted long enough to create lifestyle changes. For example, the impact of societal behavior pushed more millennials toward homeownership and families to get a bit further from big cities.

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Posted by on November 10, 2021 in News

 

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The condo market in Miami is better than what you think!

07 Aug
The condo market in Miami is better than what you think!

The condo market in Miami has suffered a remarkable drop in the volume of sales in June compared to the year before. Additionally, after 2 consecutive years of rising prices, this year showed the first sale price decrease of -1.4%, leaving a median price of $252,000 in June 2020.

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Posted by on August 7, 2020 in News

 

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Will the pandemic kill the co-living market in Miami?

17 Jul
Will the pandemic kill the co-living market in Miami?

Some of you might recall that the co-living industry in Miami was a hot topic some months back. Several co-living developments such as X Miami or Roam were through the roof at the beginning of the year, and more new developments were under discussion.

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Posted by on July 17, 2020 in News

 

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Why Millennials don’t want to live in Miami?

19 Jun
Why Millennials don’t want to live in Miami?

According to a study from SmartAsset, in the past 3 years, Millennials (people between the ages of 20 up to 34) are moving out of Miami. This has created a negative net migration of this population group, meaning that more millennials are moving out of the city, compared to the ones moving in.

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Posted by on June 19, 2020 in News

 

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Miami rental prices fell, but remain No. 10 among the highest in the U.S.

05 Jun
Miami rental prices fell, but remain No. 10 among the highest in the U.S.

The rental market in Miami has always been recognized for having one of the highest rental prices in the U.S. Being ranked #10 out of the 100 metro areas in the country this month, the median rent price in Miami has reduced 2.2% from $1,750 for a one-bedroom/ one-bathroom in May compared to last year when the median cost was $1,790).

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Posted by on June 5, 2020 in News

 

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Video: My thoughts on how will real estate look like after COVID-19

18 May
Video: My thoughts on how will real estate look like after COVID-19
COVID-19 has drastically changed our way of living, from simple daily routines as going to a supermarket to the way we invest. We are creating a new normal and in this video, I wanted to express my thoughts on this “Post-Coronavirus situation” for residential and commercial real estate.
This reopening period is crucial for current real estate investors and for future ones, as this has been one of the most drastic changes our society has suffered.
 
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Posted by on May 18, 2020 in News

 

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Will COVID-19 be a fatal blow for Airbnb?

01 May
Will COVID-19 be a fatal blow for Airbnb?

The home-sharing market around the world has been extremely affected by the COVID-19 situation. Flights getting canceled and people scared of getting infected or spreading the virus has created a huge wave of short term rental booking cancellations that have seriously affected Airbnb hosts. The real question is can the industry’s leader survive to this lockdown?

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Posted by on May 1, 2020 in News

 

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Residential inventory drops in Miami

17 Apr
Residential inventory drops in Miami

People’s concerns regarding the effect of the Coronavirus in the South Florida Real estate market keep rising, and more studies results keep arriving with more interesting facts. This time it has to do with the drop of the residential inventory in the past weeks.

According to one of these studies, which researched the number of new listings (condos and single-family homes) in the most populous metro areas in the US. from March 1st- April 5th compared to the same period last year, the Miami metro area showed a drop of 30.7% in new residential listings. In the ranking, Miami was classified sixth, which shows there was a major fall compared to the rest of the country.

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Posted by on April 17, 2020 in News

 

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COVID-19 and Miami real estate? So far, so good…

02 Apr
COVID-19 and Miami real estate? So far, so good…

It seems strange and unreal that real estate hasn’t shown a dramatic slow down in sales due to the Coronavirus crisis, but that is exactly the case for Miami-Dade County. Real estate hasn’t suffered as much as most of us thought it will. Pending contracts keep converting into closed sales and sales keep increasing month to month. With 465 closed sales of single-family homes in the first half of March and 557 closed condos, there was a 4.5% and 14.1% increase respectively compared to the first 2 weeks of February.

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Posted by on April 2, 2020 in News

 

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62-story tower to be built in Brickell Miami

05 Mar
62-story tower to be built in Brickell Miami

The renowned architects firm in charge of massive projects such as the 84-story Steinway Tower in Mid-manhattan New York, American Copper Buildings in Manhattan’s East River and 9 DeKalb Avenue in Brooklyn, is now coming to Brickell!

A 62-story high-end building will be designed by the renowned architects firm, SHoP Architects led by Michae; Stern. This tower will feature 200 hotel rooms, 1,000 luxury rental apartments, 200 micro condo units,  250,000 sqft office space, 1,700 parking spaces and 60,000 sqft of spa and common areas.

With an ideal location in the heart of Brickell, west of Downtown, this tower will be close to the underline, which is currently under construction and the Metrorail Station. This 752 feet tall tower is scheduled to be completed 36 months after the final city approval.

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Posted by on March 5, 2020 in News

 

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