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Tag Archives: luxury living

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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Will the Miami real estate market be impacted by Trump’s new presidency?

trump-palace-photo1It was a long wait but finally last week the elections were over. Everyone in Miami was hoping to see things move right afterwards. But is the outcome of the election really going to have an impact on the real estate market at our level? As we know, Trump mentioned during his campaign that he will cut down taxes and regulate immigration. In Miami, the majority of investors come from Latin America, in particular from Brazil and Argentina. Will investors hesitate to invest on the Miami real estate market? What will be the impact on sales? Read the rest of this entry »

 
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Posted by on November 17, 2016 in News

 

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