RSS

Tag Archives: real estate sales

How the Miami River has flourished?

How the Miami River has flourished?

It is known that all great cities have been built along rivers. New York, Paris, London, Chicago, are just a few examples. It would be impossible to say it is just a coincidence! There a lot of riverfront advantages that have helped the commercial developments of cities. The half-mile long Miami River is not the exception. Miami was meant to be one of those big metropolises.

The 5.5-mile long Miami River is one of the most unique and authentic features that characterize Miami nowadays. It is so hard to think that it hasn’t always been this way, but it is actually the case. In 1950 the Miami River had a really bad reputation as everyone considered it like a cesspool. It was the last city in the U.S that pumped sewage into the river. It was only used for hosting cargo ships and marine repairs. Nowadays the story is completely different.

Read the rest of this entry »

Advertisements
 
Leave a comment

Posted by on April 26, 2019 in News

 

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

How to compete in the rental market?

How to compete in the rental market?

In the past, Miami’s developments were strictly targeted to buyers. Developers were building with the only purpose of selling as many units as possible, but we have seen in the past few years the beginning of a new trend. Miami is becoming more and more a city of renters and even more short term renters. This has pushed high-end units to change their strategy.

In a seasonal city as Miami, units are more attractive if they allow rentals, the shorter the better. For instance, new developments as the Panorama Tower on Brickell, unlikely its older peers, is now seeking to target leasing deals.

Read the rest of this entry »

 
Leave a comment

Posted by on January 25, 2019 in News

 

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

4 Biggest challenges for Miami’s real estate

4 Biggest challenges for Miami’s real estate

It is not a surprise that the Florida’s real estate market isn’t in its best shape today. The market has been facing different barriers that haven’t allowed it to grow as the some years before. In this week’s article I will explain some of the biggest problems that the industry is trying to bear.

1. Climate Change

We have all heard rumors saying that Miami is going to flood under water in a few years. Unfortunately, we have to say, somehow it is not false.

Read the rest of this entry »

 
Leave a comment

Posted by on January 11, 2019 in News

 

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

How to filter your price range when buying a new home?

How to filter your price range when buying a new home?

Are you planning to buy your first house and don’t know what price range to search for? Or are you only curious about how much is your price-to-income guideline? Well, this was the main questions the study of Hosing Markets and Finance made by the American Enterprise Institute’s Center (A.E.I.) was trying to solve.

If you were trying to find a magical equation that gave you the specific amount you can spend on buying a new home, I am sorry to tell you that it is a bit more difficult than that.

Read the rest of this entry »

 
Leave a comment

Posted by on December 20, 2018 in News

 

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

The noiseless real estate of Miami

The noiseless real estate of Miami

According to the public records compiled by Cranespotter, Miami’s real estate has suffered of a downshift that is just now starting to recover.

Out of 350 units over the $5 million dollars that are today on the market, only 6 units are sold per month. And out of this closed deals, 96% of them had to decrease their price for closing. However, the average percentage of reduction is only 5% under the listing price. Investors are just trying to get rid of their South Florida real estate assets.

Read the rest of this entry »

 
Leave a comment

Posted by on December 7, 2018 in News

 

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

Miami’s real estate sales are through the roof!

Miami’s real estate sales are through the roof!

Whoever tells you that the real estate market is like a roller coaster ride, is obviously not referring to Miami! The Miami Association of Realtor and the Multiple Listing Service (MLS) system, had announced the third quarter (Q3) 2018 sales report for Miami’s real-estate. It seems that nothing can stop their winning streak!

For the 27th consecutive quarter, Miami’s houses, condos and single family homes sales surged. Not even Hurricane Irma was able to slowdown the real estate sales growth in Miami.

Read the rest of this entry »

 
Leave a comment

Posted by on November 26, 2018 in News

 

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

 
%d bloggers like this: