The good news for Miami apartment hunters is that rents haven’t gone up since the spring.

Since this spring the rents haven’t gone up that’s a good news for Miami apartment hunters. The bad news is Miami is one of the 10 most expensive cities in the U.S. for renters.

Zumper report says Miami Beach is one of the priciest parts of town, with the median rent for a one-bedroom reaching $2,300 in South Pointe and $2,250 in the Oceanfront area.

Latest report by Miami Association of Realtors says sales of existing luxury condos rose 51.1 percent  year-over-year in July. The chairman of the Miami Association of Realtors said that “Sellers are becoming more realistic with their prices, especially at the top of the market.”

• Luxury single-family home sales rose 9.6 percent year-over-year in July, from 73 to 80.
• Existing condo sales increased 2.5 percent, from 1,104 to 1,132.
• The median sales price was flat at $225,000.
• Total sales volume for all properties in July ...

For several years, sellers have been calling the shots but times they are a changing and so are their mindsets. During the first quarter of the year, the number of sales in Manhattan, Brooklyn and Queens jumped 24 percent year-over-year, from 7,365 in 2016 to 9,162 in 2017. And listings discounts — which increased in every sector of the market — helped drive the sales activity.
While price cuts can be painful for sellers especially if they watched the high ...