Miami Condo Market and Lifestyle Updates
Luxury Real Estate Sales on the Rise in Miami

Luxury Real Estate Sales on the Rise in Miami

by Sep Niakan | January 28, 2014

The latest real estate reports in Miami show that the luxury residential market increased at a substantial level during 2013.

In addition to sales of $1 million+ homes and condos increasing by approximately 36%, luxury homes remained on the market for less time. Sales volume over pricing is currently driving the luxury market in Miami.

Domestic buyers are once again returning to the market, as foreign buyers represented only 35% of the luxury residence purchases in Miami last year.

Investors seeking bargains will find there are still an ample amount of opportunities, with average per square foot price in Miami at around half that of New York. The time to act is now; however, as prices for waterfront construction top $1,500 per square foot.





Recent posts


Car-free in Miami: How to Give Up Your Car for Lyft and Uber . . . and Love it.

by Sep Niakan | November 29, 2016

This is a story of how one Miami condo dweller (that's me, Sep Niakan) gave up his car at the end of his lease and gained freedom (and $$) in its place. If you have been thinking of getting rid of your car or know someone who is, read...

Real Estate News

How Miami Condo Sales Will Benefit from New FHA Lending Rules

by Sep Niakan | November 24, 2016

Lending, specifically FHA lending, is inching forward in favor of Miami Condos. Before President Trump pulls out any game-changers, I thought it would be the right time to reflect on a Bill passed into law by President Obama this August. The...

Real Estate News

Reflecting on BrickellHouse Robotic Parking Garage Failure

by Sep Niakan | November 22, 2016

It’s been almost a year since BrickellHouse’s robotic parking garage blunder, and I’ve been thinking about what this means for the automated parking business in Miami condos. In brief, Boomerang Systems (the robotic garage...

Real Estate News

What’s behind Downtown’s Latest Population Explosion?

by Sep Niakan | October 31, 2016

From a humble 9-to-5 district to after-dark playground for the it-crowd, Downtown Miami has had quite a turnaround in the past decade or so. According to the latest Miami Downtown Development Authority report, there are now 88,540 residents in...