8, 2014
According to a recent posting, the SLS Lux Brickell reserved nearly 100 million dollars’ worth of luxury condos during the first week of sales. The exclusive development is set to rise 57 stories in the heart of Downtown Miami.
6, 2014
South Florida real estate continues to entice international buyers. A recently released report specifies the most searched-for US cities by foreign buyers, and Miami and Fort Lauderdale were both in the top 5.
2, 2014
After the success of the first two Paraiso Bay condo towers in Miami’s Edgewater neighborhood, Related Group has revealed plans for a third tower known as One Paraiso. One Paraiso will rise 53 stories and contain 276 luxury condos.
29, 2014
In yet another sign of the resurgence of the Miami real estate market, the developers of Oceana Bal Harbour received a 332-million-dollar construction loan for the ultra-luxury oceanfront development. The exclusive project already has more than 350 million dollars of signed contracts and even more in other commitments, including reservations.
25, 2014
A duplex penthouse at the Faena House with an asking price of 50-million dollars has gone under contract for an undisclosed amount. The sale is expected to set the record for the most expensive condo sale in Miami Beach. The current record was set in 2013 by a 27-million-dollar sale at the Setai.
22, 2014
The median prices of existing single-family homes and condos in Miami increased in March, despite growing inventory. The much-needed increase in inventory signals a more balanced market between buyers and sellers.
18, 2014
Vacation-home sales are booming again. The number of second-home sales in the United States increased by 30 percent last year. It was the largest gain since at least 2003, when the metric was first tracked.
17, 2014
The Miami real estate market recorded the most first-quarter residential sales in the 8 years the Elliman Report has been tracking the metric. Sales in Miami’s coastal communities rose 3.9 percent to 5,133, on a year-over-year basis.
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