This is certainly one of the most emblematic properties in South Beach. Located on 11th Street and Ocean Drive, the Casa Casuarina is better known as the Versace’s Mansion. Read the rest of this entry »
Tag Archives: Miami Beach Luxury real estate market
Miami ranked nᵒ3 worldwide!
Since 2007, the Prime International Residential Index (PIRI) highlights the annual price changes in luxury real estate all around the world. By now, we all know that the market here is getting hotter… However, it is always comforting to get some numbers in front of us. In the 2011 the PIRI, which lists 71 locations worldwide, reports Miami as the third biggest increase in the values of luxury properties. Read the rest of this entry »
My dear South Beach…
In a global economical downturn, South Beach looks the other way. Numerous hotels and resorts are continuing to be built or renovated. The hotel industry has always been a major factor of South Beach economical growth. Despite the uncertain worldwide economical situation, South beach is still the scene of some major investments. Read the rest of this entry »
Share of condo sales decreases compared to total residential sales
Since the beginning of 2003, condo sales have been representing a growing share of total home sales in Miami-Dade County. However, this share has known a minor cutback in July. For example, in February 2011, the market share for condos reached a pick never equaled before: 63%, leaving the remaining 37% to house sales. However, the July record represented only 56%: a slight decrease. The local brokers,as Condoideas Realty Group, see it as a good sign that the surplus of condo stock is being consumed. As a matter of fact, during the second trimester of 2011, the luxury condos inventory dropped 25%. Read the rest of this entry »