July 15, 2016
The real estate market in Miami and Miami Beach has slowed down significantly over the past year, but it's not crashing. According to Douglas Elliman's second quarter 2016 market report, this is actually a sign of stability.
July 11, 2016
There is an early opportunity to purchase luxury real estate in the next "hot" area of Fort Lauderdale. Currently undergoing an impressive renovation, Birch Road and Bayshore Drive in Fort Lauderdale - collectively known as Central Beach - are seeing an influx of new exclusive boutique residential developments.
July 7, 2016
The developers of Paramount Fort Lauderdale Beach received a 63.6 million dollar construction loan. Construction on the 18-story tower has now passed the halfway point, and 80 percent of the luxury project's 95 condominiums are sold out. The remaining condos at Paramount range in size from 1,910 square feet to 3,474 square feet. Prices for those residences start at 1.2 million dollars.
July 1, 2016
Brits have largely favored Florida when it comes to buying real estate in the Unites States, so many have been wondering how their surprise vote to leave the European Union may affect the real estate market in the Sunshine State. From April 2014 to March 2015, homebuyers from the U.K. made 29 percent of their U.S. real estate purchased in Florida. Arizona was a distant second, accounting for only 8 percent of residential purchases.
June 28, 2016
Colombia has officially replaced Brazil as the top foreign country searching for property in South Florida. In April, Colombia registered the most searches for South Florida real estate for the fifth straight month. Prior to this, Brazil led the rankings for 13 consecutive months through June 2015. Since then, they have fluctuated between the top 2 positions, before landing at number 5 in the most recent report.
June 24, 2016
Condominium and single-family home sales in Miami-Dade County continued their downward slide in May. Single-family home sales decreased by 7.2 percent year-over-year, while condo sales fell 13.3 percent. The reasons for the slowdown remain the same. Many luxury condominiums entered the market at around the same time major South American markets began experiencing volatility. New construction projects continue to enter the market, and some buyers continue to wait and see what else may be entering the market in the near future.
June 22, 2016
The developer of Paramount Miami Worldcenter recently announced yet another unique amenity that will be available to residents of the luxury condo development currently under construction in downtown Miami. Open space on the 60th-floor SkyDeck will now become a glass-enclosed observatory, with a telescope. The telescope will be connected to a digital screen, so that everyone present in the 1,200-square-foot room will be able to view the sky. A glass elevator from the 56th-floor lounge will lead up to the observatory.
June 17, 2016
Mortgage rates dropped to the lowest level since May 2013 amid concerns about the global economy and the Federal Reserve's recent decision to keep interest rates from rising. A 15-year mortgage fell to 2.81 percent, and a 30-year fixed-rate mortgage dropped to 3.54 percent. The all-time low for 30-year mortgages was 3.31 percent in November 2012.
2100 N. Ocean Blvd. Suite #402, Fort Lauderdale, Fl 33305
Office: +1.954.828.1858 Mobile: +1.954.817.2500 Email: nhiggins@spg.cc
All information displayed on this website is subject to errors, omissions, prior sale or withdrawal without notice. All text, images, graphics, and other materials on this website are subject to copyright and other intellectual property rights of The Seaside Group at Douglas Elliman unless otherwise stated. These materials may not be reproduced, distributed of reposted to print or other websites without the express written permission of The Seaside Group at Douglas Elliman.
DOUGLAS ELLIMAN, LICENSED REAL ESTATE BROKER
All contents © Copyright 2018 Seaside Properties
Group at Douglas
Elliman.
All
rights reserved in All Countries.