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“Single family and condo new signed contracts combined have roughly doubled annually for the third consecutive month. New inventory for single families and condos has increased year over year for the first time in twelve months of tracking as seasonal patterns return.”
(source: millersamuel.com)
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A favorable tax environment, company expansions, the trend of working remotely and, yes, the climate are drawing more residents from California, Chicago and states across the northeast.
Here are five tools and tips to makes the search easier:
▪ Set a realistic budget: Real estate experts recommend that buyers spend a maximum of three-and-a-half times their annual income on a home purchase. A household that earns a total of $100,000, for example, could spend up to $350,000 on a condo or house.
▪ ...
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South Florida house hunters may finally be catching a break. After months of increases, the median price for single-family homes appears to be stabilizing.
MIAMI-DADE
The total number of residential home sales rose by +33.5% year to year, from 1,862 in February 2020 to 2,485 in February 2021. Sales increased by +23.6% for single-family homes and by +42.3% for condos. Miami-Dade has 2.8 months of supply of single-family homes and 10.2 months of inventory for condos. A balanced market consists of six-to-nine ...
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Miami-Dade commissioners voted to accept funding from the cities of Miami and Miami Beach to pay for engineering studies needed for the Beach Corridor rapid transit project.
The two cities will contribute $417,000 towards the cost of the study.
The Beach Corridor includes a few separate projects. Completion of the Monorail is expected in 2026.
(source: thenextmiami.com)
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It’s getting difficult to get a reservation at certain restaurants in Miami as new residents continue to flood into the area.
Restaurants from New York and all over the country are lining up to open in Miami, as they try to capitalize on the great migration here that has been accelerated by the pandemic, both outlets reported.
One restaurant broker said that he has been contacted by 150 different groups in the past 60 days alone looking for space ...
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Occupancy for the month of January was 54.5%, with an average daily room rate of $195.08. Both were the highest of any major market in the U.S. for the month.
In February, Miami continued to post the best number in the U.S.Occupancy was up to 75.8% in the third week of the month.
According to Travel Weekly, oceanfront hotels are doing particularly well, with most beach resorts reporting 80% to 90% on weekends. The numbers are particularly encouraging since ...
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