miami dade Archives - Page 5 of 5 - Rava Realty

Miami home & condo sales boomed last month thanks to tax laws, realtors association says.

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Miami home & condo sales boomed last month thanks to tax laws, realtors association says.

September 2019 was a strong month for residential sales in Miami, according to statistics from the Miami Association of Realtors.

Both single family homes and condo sales were up by double digits compared to the same period last year, fueled by people relocating from high-tax states, the Realtors Association said.

Total dollar volume of single family home sales in Miami-Dade county was up 19.8% compared to the prior year, while condo volume was up 14.5%. Newly ...

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Brickell flatiron reaches completion, becomes miami’s fourth tallest tower ever built.

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Brickell flatiron reaches completion, becomes miami’s fourth tallest tower ever built.

Brickell Flatiron has reached completion, the tower is 64 stories and 736 feet above ground becoming the fourth tallest building ever built in Miami and the tallest all-condo building south of New York.

Hundreds of new residents will now begin moving into Brickell, with closing about to begin. A total of 527 residential units were built at Flatiron, of which 95 percent are sold. Approximately 70 percent of the building’s buyers came from U.S. markets.

A ...

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New wave of multifamily investors to Miami

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New wave of multifamily investors to Miami

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 ...

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Buyers have closed on over 100 units at Paramount Miami Worldcenter

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Buyers have closed on over 100 units at Paramount Miami Worldcenter

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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South Florida: May 2019 Market Stats

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South Florida: May 2019 Market Stats

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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South Florida: April 2019 Market Stats

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South Florida: April 2019 Market Stats

Miami-Dade

After a rough first quarter, residential sales in Miami-Dade increased slightly in April, up 1.1 percent year-over-year to 2,629 closings. The total sales volume in April was $1.23 billion, compared to $1.19 billion a year earlier.

Single-family home sales rose nearly 4 percent to 1,265, while condo sales decreased by 1.4 percent to 1,364, according to the Miami Association of Realtors.

In March, condo sales rose sharply, up 18 percent year-over-year. Prices increased as ...

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