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Let’s hear the truth about Miami’s real estate market? Boom or bust?

miami-preconstruction-miami-market-condoStatements like ‘the market is going down’ or ‘we’re seeing a market slowdown’ make us wonder about a future crisis but is realty effectively like this?

At the moment the market in Miami is just stable, it’s not collapsing. The volume of sales has decreased but not drastically, I would say that it has just cooled off and it is also considered a sign of solidity.

In the last 15 years the market has gone thru cycles of depression and growth. In Miami we have experienced a great boom over the past 5 years so it’s normal and healthy to go thru a slowdown. The real estate market is more sustainable that way. Read the rest of this entry »

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Posted by on July 21, 2016 in News

 

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Yacht Club at Portofino #2807 for sale

 
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Posted by on March 27, 2012 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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