miami condos: THE MOST EXPENSIVE PRICE TAG IN FLORIDA'S REAL ESTATE - 01/04/19 10:24 AM
Miami's luxury condos have always been recognized by their extravagance, elegant design, exclusivity and not to mention, their price. 
The boutique Faena House condo in Miami Beach, built by the developer Alan Diego Faena is the perfect example of that description!
This 18-story tower located at 3315 Collins Avenue, offers an extensive and unique list of amenities such as, an oceanfront fitness center, a lounge and play room for kids, private beach and a beach club, a private spa with steam and sauna, smart building technology, 2 pools, and much more! With 47 units and only 4 per floor, the privacy is one of the main … (1 comments)

miami condos: Who are the players on Miami's Real Estate? - 11/16/18 10:22 AM
If you are a faithful follower of this blog, you might know that the foreign investment in Real Estate in Miami is a hot topic. Did you know that the real estate industry is not only a haven for South American investors, but for the past few years, it has been expanding its target to European and Canadian investors?
 
Those are real news right? The National Association of Realtors (NAR) and to the Real Capital Analytics (NAR), lately announced the 2018 foreign purchase of South Florida for the commercial real estate by country, and guess what? Canada, France and Germany are topping the list! 
 
Local commercial Real Estate seems … (0 comments)

miami condos: Stormy weather for developers - 07/20/18 08:27 AM
Miami condo’s supply are growing in numbers. In the year 2017 alone, 14 condo projects were delivered which includes high-profile projects such as Four Seasons Residences at The Surf Club, Louver House, Echo Brickell, Biscayne Beach, Brickell Heights and many more. Some of these projects were sold 100% before the completion date and some sold poorly.
For example, Biltmore Parc sold only 34% of their inventory while Four Season Residences at The Surf Club sold 49%. These developers are still looking for buyers past the project delivery and now, they are competing with their own buyers. In one instance, a buyer who … (1 comments)

miami condos: Guess where the high networth individuals are investing? - 07/06/18 09:46 AM
There is no doubt that Florida attracts foreign and out-of-state buyers. Recently, there is a sudden flow of high income individuals scooping properties throughout the state. In fact, most of them are focusing on multi-million homes. The reason behind this trend is most likely due to the tax bill that was introduced last year. In fact, it drove the traffic to Florida where more people are making Florida their primary residency.
According to The Real Deal, the new tax bill limited the taxpayer’s ability to deduct their state and local tax from their federal taxable income. This means that individuals from high … (2 comments)

miami condos: Miami Real Estate Price 2018 - 06/08/18 01:42 PM
It is hard not to fall in love with Miami. Pristine white beach, amazing nightlife and sunny weather. These three things fits perfectly to the criteria of an amazing life. No wonder many people are looking at Miami to be their home or their vacation getaway. Over the years, Miami has seen a surge of investment from foreign and local investors and home owners but is the price right?
According the MLS, Downtown Miami is listing their properties around $440/sqft. The neighborhood is considered to be the upcoming place with big projects such as the building of Miami Central and train stations … (1 comments)

miami condos: Should you buy waterfront or non-waterfront condos? - 05/04/18 02:30 PM
There is a strong appeal to buy waterfront condos especially when you are buying in Miami. However, non-waterfront condos might be a better choice of investment in certain cases. In this article, we will analyze three popular neighborhoods in Miami which are Brickell, Downtown and South Beach.
      BrickellBrickell’s glorious days were back in 2014 where all the condos saw an increase on sales and price per square foot. However, the sales has been dwindling these past few years. In this area, the waterfront condos are faring well compared to non-waterfront condos. Granted, waterfront condos in Brickell decreased by 4% … (0 comments)

miami condos: Luxury Real Estate Report - 03/09/18 02:55 PM
 
Miami is synonymous with luxury. Over the past few years, we have seen the boom in luxurious condo constructions such as the Armani Residences, The 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 … (1 comments)