Posted by:
The number of agreements entered into recently has decreased month by month from August, with the number of new entries falling every month since June. However, the decreases in new contracts have been offset by the steep reduction in new listings since the summertime.
(source: millersamuel.com)
Continue Reading →
Looking to capitalize on South Florida’s booming waterfront mansion market, sellers of vacant waterfront lots in Miami and Miami Beach are listing their properties for prices that appear to bend reality.
Sellers have been told that so many wealthy people are moving from California, Chicago and New York, big CEOs looking for properties like the billionaire Ken Griffin, who paid $106.9 million for a 4-acre Coconut Grove waterfront estate this summer.
But thanks to rising construction ...
Continue Reading →
The Waldorf Astoria is set to become the first ever tower in Miami taller than 1,000 feet (it will top off at 1,049 feet).
According to a representative of the developer, the Waldorf Astoria is planned to include: 205 hotel rooms and 360 residential units.
A groundbreaking ceremony took place earlier this month, and construction is now underway.
(source: thenextmiami.com picture: thenextmiami.com)
Continue Reading →Posted by:
Newly signed contracts have been falling annually for nearly a year, distorted by the 2020-2021 boom, and new listings have declined annually for three of the past four months. New listings have been substantially below pre-pandemic levels for the past six months.
(source: millersamuel.com)
Continue Reading →
Miami-Dade’s homeless population has reached a new record low, according to CBS4.
In total, there were just 919 unsheltered homeless in Miami-Dade as of August 2021, a countywide census showed.
The total homeless population in Miami-Dade, including both sheltered and unsheltered, stood at 3,355 – a 58% decrease compared to the 8,000 recorded in 1996, when records began.
The Miami area has one of the lowest per-capita homeless rates of any big U.S. city.
Miami-Dade’s overall population has also increased 29% over the past 25 years, so the homeless population drop ...
Continue Reading →Posted by:
According to the latest Redfin investor real estate report in July, home purchases by investors in Miami and Fort Lauderdale jumped a whopping 90% in the second quarter of 2021, compared with the same period the year before.
Investors bought 2,640 homes in Miami in the second quarter of 2021, up by about 91% compared with 2020. They purchased 2,163 homes in Fort Lauderdale in the second quarter, up by 183% from the same period a year ago, and they gobbled up 1,243 homes in West Palm Beach, a 53% increase ...
Continue Reading →