real estate market in miami: Miami condo market update - 07/04/19 10:32 AM
 
Miami has shown a rise in home sales this year compared to the same period in 2018. Encouraging advantages of buying in Miami have pushed condo sales up, such as low mortgage rates and the new tax law. The first trimester of 2019 showed a 6.6% increase in home sales and a 3.5% in condo sales (compared to 1.6% statewide).
 
Firstly, average 30-year conventional mortgage rates decreased to 4.07% in May 2019 compared to 4.54% the same period the previous year. However, there is a lack of mortgage loans where out of 9,307 condos in Miami Dade and Broward counties, only 12 … (1 comments)

real estate market in miami: Ever-growing demand in Coconut Grove - 03/07/19 10:58 AM
According to the analytics company, Neighborhoodscout's data, Coconut Grove is today one out of the 3 hottest areas to buy real estate in Miami! 
 
To have a little background, Neighborhoodscout is a company that analyses the micro-economics of the different neighborhoods for each area throughout the United States. It gathers information such as house pricing, property taxes, housing stocks, vacancy rates, and other metrics to understand the neighborhood's behavior. After analyzing the evolution of Coconut Grove for the past years, the conclusion was that the prices for the residential properties have increased against any projection.  The average price /sqft has been growing from … (0 comments)

real estate market in miami: Miami welcomes tax refugees - 02/14/19 11:50 AM
Everyone has been talking about the Tax Cut and Jobs acted signed by Trump at the end of 2017. A growing list of wealthy buyers are now moving and investing in South Florida because of this new law, looking for a tax break.
 
That’s right! South Florida, especially Miami, is not just a paradise with endless sunshine… It is also a refuge for residents living in high tax areas such as New York or California. But why are Northers trying to run away from taxes now, as we know they have always been high? Mainly because after the approval of the “TCJA”, … (2 comments)

real estate market in miami: 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)

real estate market in miami: Do you want to know Miami's most expensive Airbnbs? - 11/29/18 11:00 AM
 
We all know Miami is a city of luxury and comfort, and some short term rentals are a clear proof of it!
 
Visitors come to Miami expecting more. More than what they are used to. In other words they are looking for extravagance. Everything starts with a short term rental. For short term rentals, the market has expanded into a bunch of new platforms that broke the monopoly of the hotels. The first one that tops our mind is obviously Airbnb. 
 
According to the Upgrade Points analysis, Miami has an average price for the most expensive Airbnbs of $10.000 per night, putting the city … (2 comments)

real estate market in miami: 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)

real estate market in miami: The Most Expensive Condos Sold In The Past 6 Months in Miami - 04/20/18 10:13 AM
Miami is an exciting place for the real estate industry. Cash is king and properties are sold to foreign and local buyers like hot cakes. There are many new pre-constructions coming up in the area and they are many more that has just been completed. Miami is a place where people come together because its culture and unique identity as well as its lack of state income tax. It is a place where people believe in increasing value of property and they are right so especially when condos such as The Murano at Portofino has a price value increase years over … (0 comments)

real estate market in miami: 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)

real estate market in miami: From Russia to Miami ! - 02/10/17 01:36 PM
Since Trump has been elected, the ties between the US and Russia have tightened. Putin and Trump had an exchange of opinions last week on the position of the United States in regards to previous sanctions against Russia. 
For the past 3 months Russian buyers have Miami real estate in the back of their mind. They are on the top of the list for foreign countries looking online for a house in Miami. It’s the first time since 2013  that this country is number one ahead of Columbia, Venezuela, Argentina and Brazil.
The relationship with Russia had declined during Obama’s presidency … (0 comments)