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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.

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Posted by on November 26, 2018 in News

 

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Gold Rush in South Florida

cranesIf you live in Miami, you can’t miss the construction cranes digging the foundation for new high-rise condos all over the place. What does it mean? In other words, what are the main trends of the South Florida condo revival?

First of all, the real estate market is still characterized by a huge demand and a low inventory. Consequently new projects are sprouting out like mushrooms and are often quickly sold out. For instance, among the 22,000 units built in Miami Downtown during the real estate boom, only 600 have not yet sold. Just to give you an idea, about 160 new condominiums are projected to be built.

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Posted by on November 12, 2013 in News

 

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