Miami Has A High Number of Distressed Commercial Properties

Miami ranked third in the nation in the number of distressed commercial properties.  Miami has $7.6 billion worth of properties that can be considered distressed, according to Real Capital Analytics, a real estate research firm.  Las Vegas was the worst off  with $17.7 billion and Manhattan was third with $12.3 billion.  Since the total nationwide […]

Market Summary
Leave A Comment
read more

South Beach Real Estate – Continuum Condo Market Update

This gorgeous oceanfront development on 12 acres is a true vacation destination, even if you live here year round!  The Continuum, in Miami Beach’s South of Fifth neighborhood, currently consists of two condo towers and several lofts. The North Tower is 50 S Pointe Drive and the South Tower is 100 S Pointe drive. The […]

Buying, Market Summary, Miami Beach, Selling
Leave A Comment
read more

Miami Real Estate – Market Update November, 2009

This chart shows all of the single-family homes and condos that are currently on the market for sale, are under contract and pending, or that have sold.  The most telling one is the For Sale bars as it shows a steady decrease in inventory as properties are either pended, sold, or taken off of the […]

Buying, Market Summary, Selling
Leave A Comment
read more

Sales Under $250,000 Drive October’s Existing-Home Sales Surge

48.5% of the increase in sales reported by NAR were under $250,000.  In the South, 51.6% of the sales were under $250,000.  The increase in sales was largely due to the expiration of the first-time homebuyers credit, which President Obama ended up extending and expanding.  Most experts expect the next couple of months sales to […]

Buying, Market Summary, Selling
Leave A Comment
read more

Sales Under $250,000 Drive October's Existing-Home Sales Surge

48.5% of the increase in sales reported by NAR were under $250,000.  In the South, 51.6% of the sales were under $250,000.  The increase in sales was largely due to the expiration of the first-time homebuyers credit, which President Obama ended up extending and expanding.  Most experts expect the next couple of months sales to […]

Buying, Market Summary, Selling
Leave A Comment
read more

Commercial Property Sales In Miami Down 70% In 3rd Quarter

Third quarter commercial sales decreased 70% across the board from last year’s third quarter sales.  The price per square foot fell 12% for office 14% for multi-family 23% for industrial and 9% for retail.

Buying, Investment Real Estate, Market Summary, Selling
Leave A Comment
read more

Miami Real Estate – Single Family Homes Market Summary

Below is a quick snap shot of what the real estate market for single family homes looked like in October.  These numbers are derived from the Multiple Listing Service and though they do not include For Sale By Owners and anything not listed on the MLS, they are indicative of what is going on in […]

Buying, Foreclosures, Market Summary, Selling
Leave A Comment
read more

Miami Real Estate Market – Pending Sales, What Do They Really Mean?

The National Association of Realtors reported a 21.2 percent increase  in pending home sales for the month of September. This is the 8th consecutive monthly gain so, what does that mean in terms of the real estate market?  The answer, as always, is it depends on the location.  The NAR number is a national number […]

Buying, Market Summary, Selling
Leave A Comment
read more

Miami Real Estate – Third Quarter Market Update – Single Family Homes

Below is a quick snap shot of what the real estate market looked like after the third quarter.  These numbers are derived from the Multiple Listing Service and though they do not include For Sale By Owners and anything not listed on the MLS, they are indicative of what is going on in our local […]

Buying, Foreclosures, Luxury Real Estate, Market Summary, Selling
Leave A Comment
read more

South Florida Luxury Home Buyers Have Plenty of Buying Opportunities

According to Forbes’ America’s Most Expensive ZIP Codes, South Florida luxury real estate is not faring too badly, compared with states like California.  Granted, California has more expensive ZIPS according to the statistics used by Forbes and almost all of those ZIP codes show a decrease in price, but still, only four South Florida ZIPs […]

Buying, Coral Gables, Key Biscayne, Luxury Real Estate, Market Summary, Miami Beach, Selling
Leave A Comment
read more

Affiliates & Brokerages