(data source: millersamuel.com)
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17
MAR
2023
MAR
2023
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Miami-Dade New Signed Contracts
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Miami-Dade New Signed Contracts
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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)
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20
FEB
2023
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FEB
2023
What 2023 holds for Miami real estate?
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Miami shows no signs of a market crash. Here’s what experts say to expect instead.
1. The market will hold strong.
Home sales prices could take a hit if mortgage rates were to continue surging, but that doesn’t seem to be the case, forecasts Ines Hegedus-Garcia, executive VP of Avanti Way Realty.
- “This sustained decline [in mortgage rates] will help revive homebuying and we should see a more robust market for home sales ...
19
JAN
2023
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JAN
2023
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 ...
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20
DEC
2022
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DEC
2022
Miami-Dade County’s condo sales volume fell last week, while the average sale price rose.
Condo sales totaled $97.7 million, lower than the $119.8 million in sales from the previous week. The average sale price continued to climb, as it has for several weeks, reaching $913,000. That compares with $754,000 the week prior.
Prices for the top 10 sales ranged from $1.5 million to $21 million, compared with $1.8 million to $9.4 million the previous week.
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20
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DEC
2022
Fort Lauderdale commissioners voted to approve moving forward on a feasibility study for an underground transportation system using a network of tunnels designed by Elon Musk’s The Boring Company.
The system will be known as The Olas Loop, and will initially run 2.7 miles.
It won’t be a traditional mass-transit system, but will instead use Tesla cars that will be open to the public, which will ride through the underground tunnels.
Initially, it is planned to run from downtown to the beach, with a trip expected to take just 3 minutes, at ...
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5
JUL
2022
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JUL
2022