The market has been mostly driven by international buyers over the last years. New York’s are historically the most active national buyers of Miami’s real estate market. However, they have been pretty less active during the downturn.The recent market improvement seems to have gotten back their attention. Even if New York buyers never totally disappeared from Miami’s market especially from South Beach area, it seems that today they do perceive it in another way. Read the rest of this entry »
Tag Archives: purchase a Miami property
Big Apple to Oranges
Miami’s market outperforming the US!
Although being hit by one of the biggest crisis, the Miami’s housing market is now outperforming the nation. I know it is hard to believe but in 2011, the average number of sales in the US has increased by 2% whereas Florida’s market has increased by 15%. Unfortunately I don’t have the stats for Miami Beach but I am sure the increase is even more drastic. Read the rest of this entry »
The Residential Inventory of South Florida since January 2009
The blue line represents the properties for sale on the market and the green line shows the pending sales which means the properties under contract, soon to be closed. You will notice that the inventory has decreased drastically compared to 2009. Less inventory means that the sellers are more incline in deciding of the selling price of their condo. So hurry if you want to purchase a Miami property.
