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Sales are still slowing down but at a lower rate. And this could imply that the trend might be turning around in the near future. We as brokers have experienced a busy month of December and we are starting to get more optimistic for 2020.
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20
JAN
2020
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Did Amazon change Long Island City real estate? Short answer: not really. – When Amazon announced its plans to bring part of its second North American headquarters to Long Island City, there was much hand-wringing about what the tech giant would do ... |
Many people in the industry predicted it: the number of transactions went down quite a bit – 14.2% YoY actually to 2,560 homes sold. As you may remember, many sales were pulled into the previous quarter in order to avoid the, well known and much discussed, Mansion Tax hikes. That generated a sense of “fake” recovery and we now know for a fact it was a “fake”!
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First, it was tax reform that pushed CEOs, hedge fund managers and other high-net-worth individuals to South Florida. They were lured in by the favorable climate, luxury residential properties and most of all, substantial tax savings.
Now, it is the multifamily investors who are heading to South Florida, and for a different reason: rent control, something the Sunshine State lacks.
Multifamily investors are moving quickly and making offers on properties in South Florida, brokers say. But they are also encountering ...
Closings are underway at Paramount Miami Worldcenter and and it appears to be a quick success for the developers.
More than 100 condo units have been closed as of Monday (9/23), Miami-Dade county records show.
Closings began in late August and were interrupted by Labor Day (Hurricane Dorian also closed many businesses during that week), but buyers are now quickly making their final deposits and taking possession of their condo units.
More than $500 million in units were sold prior to ...
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Miami-Dade County
Residential sales in Miami-Dade County rose 6.6 percent in May, year-over-year, to 2,796. Single-family home sales increased by 10.2 percent to 1,355, while condo sales increased 3.5 percent to 1,441.
Despite the uptick in closings, total sales dollar volume fell in May by about $20 million to $1.3 billion. While the sales dollar volume of single-family homes was up to $716 million, condo sales dollar volume dropped down to $585.2 million.
Single-family home prices have ...
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