RSS

Tag Archives: real estate market

The future of pre-constructions in Miami

The future of pre-constructions in Miami

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 »

Advertisements
 
Leave a comment

Posted by on April 13, 2018 in News

 

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Is this the best time to sell your condos ?

Is this the best time to sell your condos ?

This is the best time to sell your home. The Miami real estate market is showing healthy sign of growth this year in terms of sales and prices. This is in contrast with the past two years where the number of properties sold increased but their value price decreased (see South Beach Report).  According to the MLS, properties are selling rapidly this year and the sellers can now sell their property near the asking price. Read the rest of this entry »

 
Leave a comment

Posted by on March 30, 2018 in News

 

Tags: , , , , , , , , , , , , , , , , , , , , , ,

Miami Luxury Real Estate Report

Miami Luxury Real Estate Report

Miami is synonymous with luxury. Over the past few years, we have seen the boom in luxurious condo constructions such as the Armani ResidencesThe Ritz-Carlton Sunny Isles, and The Aston Martin Residences. Let’s have a look at some numbers to feel the current market trend.

The trends we can see are that the condos take longer to sell and the sales volume have dropped. It took 54 days longer for a condo to be sold in 2017 than in 2016 in the South of Fifth neighborhood. The days needed to sell a unit in other neighborhoods such as Brickell and Fisher Island have also increased by more than 30%.  Read the rest of this entry »

 
Leave a comment

Posted by on March 20, 2018 in News

 

Tags: , , , , , , , , , , , , , , , , , , ,

Pre-construction projects in Miami 2018

Pre-construction projects in Miami 2018

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

Read the rest of this entry »

 
1 Comment

Posted by on March 2, 2018 in News

 

Tags: , , , , , , , , , , , , , , ,

Top 3 most expensive condos in South Beach

Top 3 most expensive condos in South Beach

Do you have millions of extra cash that you are willing to invest? Well, Miami is the best place to do so. We are going to go over the top and highlight the Top 3 most expensive condos in South Beach as of February 2018. Here are the condos that made our list: Read the rest of this entry »

 
Leave a comment

Posted by on February 2, 2018 in News

 

Tags: , , , , , , , , , , , , , , , ,

Chinese buyers are coming for Miami’s real estate

Chinese buyers are coming for Miami’s real estate

Miami is well known for its attractive real estate market and the Chinese has taken note of this. As of last year, the Chinese makes up the third largest group of buyer in Miami and the second in the U.S.  There are several reasons why this is a growing trend. Read the rest of this entry »

 
Leave a comment

Posted by on January 19, 2018 in News

 

Tags: , , , , , , , , , , , , , , , , ,

Can big parties attract buyers?

Can big parties attract buyers?

All the big names are doing one thing: they throw lavish parties. A condo project typically needs to sell 50 to 60% of their inventory before being able secure construction fundings from banks. This is probably why they are doing everything they need to attract buyers. This is especially so when bank loans has dried up for new upcoming projects. Read the rest of this entry »

 
Leave a comment

Posted by on January 11, 2018 in News

 

Tags: , , , , , , , , , , , , ,

 
%d bloggers like this: