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 | January 12, 2017
According to thenextmiami, a petition involving a 15 by 75 feet alley has sparked speculations that a brand new hotel could be coming to Edgewater. Why? Simply because this alley comes attached to a 7,875 sq. ft. plot located at 348 Northeast 20...
by Sep Niakan | January 09, 2017
Ever tried driving from Brickell to Downtown Miami for lunch? Most Miamians dread the thought of catching the dreaded drawbridge, which opens every hour or half-hour during non-curfew hours to allow river traffic to pass under. So what’s...
by Sep Niakan | January 08, 2017
Last year’s headlines weren’t too kind to Miami with hurricanes, Zika warnings and falling sales painting a dark picture. However, with the elections finally done with, there are plenty of reasons to be optimistic about 2017: 1. ...
by Sep Niakan | December 28, 2016
We all know Wynwood as the friendly, hipster neighborhood splashed with the best street art in the world. It’s where we all go for our art fix, browse far-out finds and linger around for a couple of craft beers. But, how about shopping,...