South Florida Market Keeps Moving Up!

Days of Inventory SFH in Miami Beach 33140 6 Month

The South Florida market continues to show progress. Broward county overall showed inventory absorption with an 18% decrease in the number of properties for sale over the first quarter of 2012. Sales showed a slight increase while prices rose on average 13.7%. The Miami-Dade overall outlook is similar with a slight uptick in the number of sales … [Read more...]

[TOP SEVEN FACTS] about the South Florida Luxury Real Estate

NUMBER SEVEN

A few exciting statistics from our Mid Year South Florida Luxury Real Estate Report, “TRENDS” Homes in South Florida over $5,000,000 are purchased 50% of the time with full cash The Average Sales price of waterfront homes in Miami Beach increased 38% (from $2,917,751 to $4,016,041) from mid year 2011 to mid year 2012 The Average … [Read more...]

Mid-Year South Florida Real Estate Market Report

South Florida Market Report

July 2012 marked the opening of the Metrorail extension to the Miami International Airport. It may seem long overdue, but it is truly a sign of the type of infrastructure that is being done throughout South Florida to make the area a “super city.”Even a cursory glance around town yields construction of tunnels, water pipes, road … [Read more...]

Real Time Market Trends – March 2012

Median Price per SQ-FT in NOrth Miami Beach

The trends of the last 90 days show an average List Price of 925,000 for and $406/ sq-ft in Condos in Miami Beach. Inventory continues to shrink and median sales price keeps increasing. Take a close look at the data: … [Read more...]

Real Time Market Trends – February 2012

Media Price per Sq-Ft Miami Beach Condos

Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market. Supply and Demand Home sales have begun exceeding new inventory. While still a Buyer's market, prices seem to have already started to respond. If the … [Read more...]