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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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
We already knew about the Jade Brickell, Jade Ocean, Jade Beach and the last baby known as the Jade Signature. Now we will also have the Echo Aventura and the Echo Brickell. Different geographical areas but same branding.
Just after launching Echo at Aventura, the ingenious Property Markets Group is now developing Echo Brickell. The building will be located at 1451 Brickell Avenue providing 175 opulent residences. I believe that this project will change Miami’s skyline forever knowing that the building will be 750 feet high. That’s massive! Read the rest of this entry »
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We have been talking about the recovery of the real estate market for a while now. That’s a fact prices are going up and the inventory is very low. But let me tell you that the best recovery sign is the number of plnned projects for the area. Preconstruction projects are the proofs that developers are planning a long term success for their condos. And if they are planning on building it in Miami that’s only because they are sure that it is a safe bet for their business. How can you disagree with that!
As I try to update as soon as possible our website with news condos I am surprised to see how many projects are being launched. Just take a look at Miami skyline and you wouldn’t believe how many cranes are part of the new skyline ! So let me try to tell you which project you should keep in mind: Read the rest of this entry »
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