New wave of multifamily investors to Miami

Posted by:

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 ...

Continue Reading →
0

English

, , , , , , ,

Buyers have closed on over 100 units at Paramount Miami Worldcenter

Posted by:

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 ...

Continue Reading →
0

English

, , , ,

South Florida: May 2019 Market Stats

Posted by:

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 ...

Continue Reading →
0

English

, , , , ,

South Florida: April 2019 Market Stats

Posted by:

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 ...

Continue Reading →
0

English

, , , ,

South Florida: is 2019 the best year to invest?

Posted by:

South Florida: is 2019 the best year to invest?

According to the 2018 ISG World Miami Report, close to 900 people move to Florida each day, with 45 percent of them moving to Miami-Dade, Broward and Palm Beach counties.

In Miami, the Brickell neighborhood has accounted for the biggest increase in population growth. In 2018, the Miami Downtown Development Authority reported that the number of residents living between Brickell and Edgewater has soared nearly 40 percent over the past eight years.

Something to note is ...

Continue Reading →
0

English

, , ,

South Florida: December 2018 Market Stats

Posted by:

South Florida: December 2018 Market Stats

Miami-Dade

Overall, residential sales in Miami-Dade dropped 6.2 percent to 2,081. The total residential sales volume in December fell by 5.6 percent to $928.8 million.

Miami single-family home sales decreased 5.1 percent 1,011 last month. Condo sales dropped to 1,070, a decline of 7.3 percent.

Prices of single-family homes kept rising, with the median price increasing by 6.7 percent to $355,000. The median price of a condo was flat at $235,000.

Broward

Total residential sales also fell in Broward County, down 10.3 percent to 2,357. ...

Continue Reading →
0

English

,

Page 11 of 12 «...89101112