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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Tags: Brickell, condo living, condominium, Coral Gables, Downtown, Downtown Miami, estates at acqualina condo, Florida, housing bubble, luxury living, Miami, Miami condos, Miami Dade, Miami Real Estate, one river point condo, palazzo della luna condo, pre constructions miami, preconstruction brickell, preconstructions miami, properties, real estate, real estate blog, real estate market, real estate tips, real estate trends, South Beach, South Beach real estate, technology and real estate, una condo, Yacht club
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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Tags: Brickell, condo, Coral Gables, Dade county, Downtown, Downtown Miami, Florida, luxury living, Miami, Miami condos, Miami Dade, Miami Real Estate, properties, real estate, real estate blog, real estate law, real estate market, real estate tips, real estate trends, South Beach, South Beach real estate, tips, Yacht club
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 »
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Tags: buy vs rent, condo, condo living, Dade county, Downtown, Florida, internet real estate, Miami, Miami condos, Miami Dade, Miami Real Estate, properties, real estate, real estate blog, real estate market, real estate tips, real estate trends, South Beach, South Beach real estate, tips
Here are some quick news about Miami Real Estate
- 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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Tags: condoideas, condoideas realty group, Florida, Miami, Miami Beach condos, Miami condos, Miami Real Estate, real estate, South Beach
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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Tags: Downtown, Florida, Miami, Miami condos, Miami Dade, Miami Real Estate, monad terrace condo, one river point condo, paramount miami condo, pre constructions miami, preconstructions miami, properties, real estate, real estate blog, real estate market, ritz-carlton sunny isles condo
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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Tags: Downtown, Florida, Miami Beach condos, Miami condos, miami market, miami news, Miami Real Estate, properties, real estate, South Beach
Do you have millions of extra cash that you are willing to invest? Well, Miami is the best place to do so. We are going to go over the top and highlight the Top 3 most expensive condos in South Beach as of February 2018. Here are the condos that made our list: Read the rest of this entry »
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Tags: condo, condo for sale miami, condo living, condoideas, condoideas realty group, Florida, Miami, Miami condos, Miami Dade, Miami Real Estate, properties, real estate, real estate blog, real estate market, real estate tips, real estate trends, South Beach
