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.
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...
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...
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...
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...