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 »
Miami is synonymous with luxury. Over the past few years, we have seen the boom in luxurious condo constructions such as the Armani Residences, The 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 »
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
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 »
Here is the thing: Miami knows how to attract the wealthy. What seems to be the vacation place for others is a residential home for the ones with big bucks. Miami is a heaven for the American’s elite and here is how Miami attracts them: Read the rest of this entry »
It’s the moment in your life you have been waiting for. Are you ready to take the next step? Buying your first home can be daunting at first but with this simple tips, you will find that purchasing your first home is not that scary at all. Here are some tips you should know before you take the plunge. Read the rest of this entry »
Flagler Street has always been the Downtown’s crowning jewel. Unfortunately, this fraying main street requires a little boost. A lot of people seem happy to jump into this project. The local government is pumping $13 million to revamp the street. Their goal is to make the sidewalks more pedestrian-friendly by installing lighting and blacktop and planting shade trees.
Miami Real Estate Blog 