There are twice as many sales today than 2 years ago There is 1/2 the inventory there was 2 years ago The rental to sale ratio is about 50:50.  Normal is 25:75 EWM is selling a $1,000,000 property every 36 hours 52% of EWM’s sales are cash There are more $1,000,000 condos selling that $1,000,000 […]

Over the last 12 months, the price per square foot has decreased across all commercial sectors. Office 38% Industrial 21% Multifamily 15% Retail 3%

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“PENDING SALES in the $1,000,000+ price range for the entire MLS are up 67% in Miami-Dade and 8% in Broward for the Dec09 to Feb10 period vs. the Dec08 to Feb09 period.  EWM has averaged CLOSING one sale in excess of $1,000,000 every other day for the past 90 days!  ALL PRICE RANGE PENDINGS in the MLS are up 54% in Miami-Dade […]

Although nationally existing home sales fell in December, sales of single family homes in Miami  were up 37% over November.  With the median price of both single family and condos down significantly and the  expiration of the first First Time Homebuyers Tax Credit coming up in April, sales are expected to continue rising in the […]

Okay, you have been hearing that now is the time to buy a home, but maybe you are still unsure of why, when there is so much inventory on the market and so much insecurity in the economy.  Here are 7 specific reasons: Home Buyer Tax Credits – The Government is paying first-time home buyers […]

Below is a quick snap shot of what the real estate market for single family homes looked like for the fourth quarter of 2009.  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 […]

Whereas Miami’s residential real estate market is seeing relatively steady increases in sales over last year, our commercial market’s third quarter sales plunged 70% compared to 2008.  The price per square foot has decreased in the industrial sector the most, down 23%, followed by multifamily 14%, office 12% and retail 9%.  It is interesting to […]

Whereas Miami’s residential real estate market is seeing relatively steady increases in sales over last year, our commercial market’s third quarter sales plunged 70% compared to 2008.  The price per square foot has decreased in the industrial sector the most, down 23%, followed by multifamily 14%, office 12% and retail 9%.  It is interesting to […]