We are half way through the year and the market has been moving. Sales are up, mostly due to lower prices. As of June 30, the single family home market in Miami Beach for the year so far is as follows: Closed sales: 94. Low of $190,000 to a high of $25,500,000. 9 of the closed […]
According to a CNNMoney.com article all 20 major metro areas saw an increase in sales of million dollar plus condos and single family homes, rising an average of 18.6%. The increase is largely attributed to the increase in the stock market since 2009 and cheaper financing for jumbo loans.
Two articles in today’s Business Monday add more evidence that South Florida is starting to pull out of the recession and, though we fell farther and therefore have further to go to actually feel that the recession is over, there are positive signs in South Florida’s economy. The first article, Brazilian buyers put the luxe […]
According to the Miami Realtors Association, January total pending home sales jumped 28% over January 2010 and increased 2.5% from December. Pending sales were as follows: condominium: increased 37.2 percent compared year over year. Increased 3.3 percent from December. single-family homes: increased 15.531 percent from January 2010. Increased 1.4 percent from December. Although this jump […]
With prices still on a downward slide in South Florida, the number of sales are up as buyers realize the buying opportunity these price decreases represent. And although 30-year mortgage rates inched up slightly this week, they are still under 5% and near historic lows. These interest rates will help first time buyers, but may […]
Yachting is a huge part of the South Florida Lifestyle and the yachts at Pier 66 today were gorgeous. One was called Milk Money…I had all sorts of fun guessing where owner made the money to buy that yacht! Want to venture a guess? What are some of your favorite marinas?