miami real estate market: How is Miami’s real estate beating the nationwide downfall? - 02/01/19 06:41 AM
 
You’ve probably heard that the U.S. nationwide real estate market will show signs of slowing-down this upcoming year. After years of a constant increase in the volume of sales, this upcoming year is expected to decrease by 2%. However, as for every rule, there is an exception, some housing markets are expected to beat the overall trend. Miami is one of those markets. 
 
The analysis we are introducing to you studied different elements, such as the number of sales of existing homes in Miami, their respective prices and the number of homes being constructed at the moment. Different economic metrics were also … (2 comments)

miami real estate market: 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 real estate market: 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 real estate market: 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 real estate market: 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 real estate market: Downtown Miami Real Estate Report 2016 - 2017 - 03/23/18 08:55 AM
It’s time to evaluate the real estate market in one of the most popular neighborhood in Miami, the Downtown. Condoideas took 8 different condos (900 Biscayne condo, Marina Blue condo, Paramount Bay condo, Marquis condo, One Miami condo, Ten Museum Park condo, Quantum condo and 1800 Club condo) and evaluated their statistics from the year 2016 to the year 2017. Two things are taken into consideration which is the sales of units inside the building and their price.
Based on the graph, we can see that there is a slight decrease of sales in the Downtown Miami area. For example, Marina Blue condo which is located right in front of Bay Park … (0 comments)

miami real estate market: Why luxurious properties are having a big price cut? - 01/05/18 02:04 PM
There are two facts that you should know before setting a price for your luxury property: A) there is an oversupply of inventory and B) there is a shrinking pool of buyers. According to a Douglas Elliman report, there is a 53-month supply of luxury condos. This is a stark contrast when you compare it to the 5-month supply of homes that are selling for $500,000 or less.  
Furthermore, it is no longer a secret that the number of buyers are shrinking. Foreign economies are cooling down and buyers who came from Latin Americans countries are seeing their currency dropping. It … (2 comments)

miami real estate market: The surge of foreign buyers in the United States home markets - 11/17/17 06:54 AM
United States real estate market is attracting many foreign buyers. According to the report by National Association of Realtors (NAR), foreign buyers and new immigrants are purchasing $153 billion worth of US properties. Interestingly, the breakdown of sales between foreigners and new immigrants are equal at 50:50 each.
The NAR also explains that this was the highest recorded property worth bought by foreign buyers since 2009. The purchase represents 10% of total value of existing home sales in the US excluding new homes. To add further, the value of property bought by these buyers increased by 49% since last year.
The largest group … (2 comments)

miami real estate market: Is this still a good moment for developers to build in Miami? - 12/05/16 02:44 PM
South Florida real estate market saw a slowdown in the past months. Five of the biggest condo developers met to discuss about the slowdown of the real estate market in Miami. The topic was about the uncertainty of developing new preconstruction projects today. Could the preconstruction market be at risk during this slowdown?  Should developers continue on building?
In the last 10 years the Miami skyline changed a lot especially in Brickell and Downtown. But after a few years of real estate boom, we are now in a stable situation. The majority of industry experts start to be worried. It’s not just … (2 comments)

miami real estate market: Chinese buyers in Miami doubled since 2012. Will the trend continue? - 09/08/16 05:29 AM
Last month, 20 of the best Chinese brokers were in Miami for a city tour. They were mainly interested in gathering information on the luxury condo. These brokers were chosen on the basis of their annual sales which had to be in total above $17 million. Developers organized this trip since they are trying to attract customers from new countries moving the focus on the Far East. From April 2015 to March 2016 Chinese buyers purchased 27.3 billion worth of US real estate far above Canadians whom spent only $8.9 billion.
What are we doing to increase the interest of Chinese buyers … (1 comments)