miami real estate market: Miami-Dade’s Luxury Condo Resale Market Surges - 01/25/12 08:07 AM
The luxury condo resale market in Miami Dade County has seen a strong recent upswing, but will it last?
As difficult as it may seem to fathom, given the current macroeconomic data plaguing South Florida, indications are growing that the luxury condo resale market in Miami-Dade County is back — at least for the time being. Foreign buyers with strong currencies complemented by a scattering of wealthy domestic purchasers acquired more $1 million condos in 2011 than in the last year of the South Florida real estate boom in 2006, according to an analysis of data from the Southeast Florida Shared … (0 comments)

miami real estate market: Miami Condo Market - “the Next Chapter Begins”? - 08/17/11 07:44 AM
During the last years the balance between supply and demand in South Florida Real Estate Market has been changing.  In late 2008, when the peak of the financial crisis took place, there were 108,000 properties for sale with few buyers willing to make a move. Developers went bankrupt and the lending came to a halt. Now, in the middle of 2011, there are less than 48,000 properties for sale. Consequently due to a decrease in supply, the value of Miami Beach Condos has gone up.
Although for a regular buyer who wants to put down no more than 30 percent, loans … (2 comments)