With pent-up demand, more U.S. individuals and companies moving to South Florida, and record-low mortgage rates fueled transactions, Q2 2021 set a record for the most total home sales for Miami-Dade County real estate.
According to a report from RelatedISG Realtors, the steady and sharp decline in the South Florida condo inventory is likely to continue this year. The question is how far down. CLICK ON THE HEADLINE FOR MORE
‘Supply Shock’: Condo Inventory At Record Low In South Florida, Report Finds Read More »
After the market came to a halt early on in the pandemic, single-family sales soared last year. Condo sales bounced back later, which explains the much greater year-over-year increases for condo closings in the second quarter, according to a recent report. CLICK ON THE HEADLINE FOR MORE
Skyrocketing Q2 Resi Sales Leave Little Inventory In South Florida Read More »
Though there are clearly no easy fixes to keep Miami above water, the South Florida city recently released the Stormwater Master Plan, a comprehensive guide that outlines how the city can combat the encroaching effects of climate change and rising sea levels. CLICK ON THE HEADLINE FOR MORE
Unpacking Miami’s New 40-Year Plan Against Rising Sea Levels Read More »
Five bank presidents and top executives from Miami-Dade and Broward agreed that all banks are in the same situation: they have cash overflow and an increase in customers and lending activities. CLICK ON THE HEADLINE FOR MORE
Miami Banks Awash In Cash Cut Interest On Deposits, Boost Lending Read More »
After six years of lawsuits and appeals, Grove Isle residents and the island’s owner have settled a legal dispute, paving the way for the community’s first new project in 40 years. CLICK ON THE HEADLINE FOR MORE
After Years Of Legal Battles, Grove Isle May Get Its First New Project In Decades Read More »
The $90 million project is slated to open during the fourth quarter 2022.
New Apartments On The Way In Coconut Grove Read More »
Real estate brokerage Redfin just reported that Americans flush with cash from the stock market rally are buying up the most desirable properties in the U.S. Among the metropolitan areas with a jump in sales of high-end homes was Miami—up 70.4% to $565,000. CLICK ON THE HEADLINE FOR MORE
According to data from the Florida Realtors Association, the region has fewer homes for sale than anytime in the past three years; the median price has increased steadily for a year; and the houses are disappearing faster than anyone can remember. CLICK ON THE HEADLINE FOR MORE
By The Numbers: South Florida’s Torrid Housing Market Read More »
A lack of inventory continues to plague parts of South Florida, with the luxury sector outperforming other price points. In the first quarter, residential sales volume totaled $15.8 billion in Miami-Dade, Broward and Palm Beach counties. CLICK ON THE HEADLINE FOR MORE
South Florida Resi Sales, Prices Jump In The First Quarter Read More »
