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Tag Archives: Miami Real Estate Blog

Condoideas Blog provides news about real estate in Miami.

An insecure future for Resorts World Miami

After many months of uncertainty, the casino resorts legislation in Florida is still under discussion. Subsequently, Resorts World Miami, the Downtown Miami giant complex supposedly containing the world’s largest casino still has an unsettled future. Read the rest of this entry »

 
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Posted by on January 6, 2012 in News

 

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Miami-Dade county in the spotlight

A recent report highlights Miami-Dade’s strengths and weaknesses.

First of all, Dade County is one of the most affordable big metro areas to live in (see graph below). As you can notice Miami ranks 7th lowest among the 16 major US cities, far behind NYC, Los Angeles and even Fort Lauderdale! Read the rest of this entry »

 
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Posted by on December 23, 2011 in News

 

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Salute to Brickell

The average prices of Brickell condos have raised slowly but constantly during the last two years.

Three years ago, the real estate crisis and the inventory rise were two factors that participated in the decline of condos prices in Brickell. Read the rest of this entry »

 
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Posted by on December 16, 2011 in News

 

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A successful year for Miami Dade’s real estate market

2011 has been an amazing year for Miami Dade County real estate market. Compared to last year, number of units sold rose 46% for existing homes and 58% for condos. The number of units sold this year has even surpassed the real estate boom year’s sale of 2005. Read the rest of this entry »

 
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Posted by on December 8, 2011 in News

 

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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 »

 
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Posted by on September 8, 2011 in News

 

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Why Foreigners Buy Real Estate in the USA?

According to the National Association of Realtors, the international purchases surged $16 billion this year in the US. The United States continue to be attractive for foreign buyers who invest in real estate. The total residential international sales in the US amounted to $82 billion for 2010.

In the previous years, foreign buyers were coming to the US because of lower prices and plentiful inventory. Today, people are investing in the USA for different reasons. Read the rest of this entry »

 
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Posted by on May 24, 2011 in News

 

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Miami Romance Month is about to kick off

South Florida seems to become the place to get married in the USA. Many couples are coming to Miami in order to have a wonderful wedding and honeymoon, or at least a bachelor or bachelorette party. It has been the only market which didn’t fail during the recession. As a consequence, the Romance Month is about to be launched. Aside to the August and September Miami Spice Month and the July Spa Month, we are now going to experiment the June Romance Month.

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Posted by on May 11, 2011 in News

 

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Miami Real Estate in Picking Up

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Posted by on March 29, 2011 in News

 

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A pre-opening makeover for Paramount Bay condo

Whereas the project has been developed some years ago, the Downtown Miami condo Paramount Bay is getting a makeover before it opens its doors. The project wasn’t accomplished according to its original design so ST Miami, the private equity group who now owns the building, decided to upgrade it. Even if the price hasn’t been yet determined, it seems that the new designer will change common areas and corridors to a better quality. The remodeling should begin in a couple of months. The pre-construction buyers have been presented the upgraded project and they are currently in the process of deciding whether to go forward or not. Read the rest of this entry »

 
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Posted by on March 25, 2011 in News

 

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Job Growth in Florida

According to a study made by Moody’s Analytics, the State of Florida is expecting a 3% job growth rate in 2011. Such an increase is due to a rise in state’s construction industry of 26.7percent, while natural resources will grow about 4.6%, 3.1% for education and health services and 3.4 percent for leisure and hospitality. Tampa and Orlando are expecting a 3.4% job growth, around 3% for Jacksonville and Tallahassee and 1.7% for Miami.
This good news could mean that the economy is strengthening in Florida, especially in the Miami real estate.

 
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Posted by on March 21, 2011 in News

 

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