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: Paramount Bay
Yesterday I visited the Paramount Bay condo located on Biscayne and 20th street. Honestly when it was first launched back in 2005 I thought the project had no chance of survival because the neighborhood was not ready for such a high end project. Well, 6 years have passed and Downtown is now 100% ready for such a beautiful condo. The project got an $18 million dollars redesign by Lenny Kravitz Design firm and the developer reduced the price by 35% to 40% to an average of $400/sqft. Read the rest of this entry »