It was another strong quarter for residential real estate values in Miami-Dade County.
As it has been the case for the last 12 quarters, median sales prices for both single-family homes and condos went up, according to a report from the Miami Association of Realtors.
The median sales price for a single-family home was $250,000 in the first quarter of 2015, up 1.6 percent compared to the last quarter of 2014 and up 8.7 percent compared to the first quarter …
by Riccardo Ravasini 
In their quest to find new land, developers in Miami are looking north.
The latest project in the planning stage in North Miami Beach are two 32-story towers near Maule Lake, which feeds into Biscayne Bay.
The 4.5-acre, $315 million development — called the Harbour — will have 425 luxury condo units, a marina and an “Aqua Club” that will offer kayaking, sailing, scuba diving and other water sports. The project has an address of 16385 Biscayne Boulevard.
By building …
by Riccardo Ravasini While there is much discussion about prices getting too high for both residential properties and development sites, economists are saying that this boom is being built on a more solid foundation than past booms, as The Real Deal magazine reports.
During the market run-ups in the 1980s, 1990s and the early 2000s, prices shot up higher and faster. In addition, there were even more new residential units added to the market.
A look back shows that the boom of the …
by Riccardo Ravasini Developers and investors are pouring an increasing amount of capital into commercial and residential real estate projects in the Bronx, looking beyond the portions of Brooklyn and Queens where prices have skyrocketed, to gamble on what some are saying is the next outer borough hot spot.
With easy commutes to Manhattan, lower prices than other boroughs, and development sites ripe for the picking, sources said “frontier” neighborhoods like Mott Haven, Hunts Point and Port Morris are generating new interest at …
by Riccardo Ravasini New census estimates reveal that the population of New York City reached 8,491,079 in 2014, a figure that it is only about 60,000 short of previous estimates for the 2020 population. The estimates show that the population increased 52,700 between 2013 and 2014. If the population surge keeps up at its current pace, it will reach the 2020 estimate by early 2016.
But permits for new housing indicate that an influx of more than 52,700 people this year would not …
by Riccardo Ravasini Two prominent developers have recently relaxed their requirements for 50 percent deposits from prospective buyers. Swire Properties announced it was lowering down payments for a condo at one of its Brickell City Centre residential towers, Rise, to 35 percent, while Kevin Maloney’s Property Markets Group is offering some foreign buyers deals that allow them to pay 50 percent deposits in installments prior to closing for units at Echo Brickell, Echo Aventura, Muse in Sunny Isles Beach, and Sage Beach in …
by Riccardo Ravasini