According to the MLS, the home sales year-over-year has fell in May for the Miami-Dade and Broward counties. This is probably due to the increase of median price in properties in these areas. Palm Beach, however, did make an exception with a slight plunge of price which means that their home sales actually increased. Surprisingly, the market which saw an increase of closed sales in April dipped this month.
Tag Archives: miami news
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 »
With an average of 1,288 international flights per week against 1,287 for JFK, Miami International Airport is became the 1st airport in the US in terms of international flights. Fort Lauderdale airport and Palm Beach are far behind their neighbor MIA with respectively 400 and 12 international connections per week.
So far this year, MIA airport is even breaking records in overall traffic. With 10.2 million passengers during the first quarter, we reach a 9.5% increase. International passengers represented an 11% increase. The main reason to this surge is the addition of new connections. In February LAN Colombia created 4 direct flights Miami-Bogotá per week and Interjet launched daily flights between Miami and Mexico City. Last month American Airlines added a new connection to Barcelona and daily flight to Kingston. Those new services are definitely helping MIA in staying at the top of the US airports list.