The forecast for Miami-Dade County’s luxury residential market in 2Q 2021 including both condominium and single-family homes continues with high optimism — reasons for the bullish position here now in the Sunshine State have to do with outstanding tax strategies/advantages, the beautiful climate, a better way of life, and an open state with freedoms reigning. […]
Miami property absorption rates indicate the demand in contrast to supply. The absorption rate speed with a shifting market can take years for inventory to dwindle and in rare circumstances such as this real estate cycle, only months. The term absorption rate refers to a metric used in the real estate market to evaluate the […]
1Q 2021 Luxury Residential Statistics for Miami-Dade County The forecast for Miami-Dade County’s luxury residential market including both condominium and single-family homes continues with high optimism — reasons for the bullish position here now in the Sunshine State have to do with outstanding tax strategies/advantages, the beautiful climate, a better way of life, and an […]
With a fierce residential market, the attention has turned from single-family homes to condos and also condo hotels for investment purposes. Everyone escaping high tax states and excessive controls wants what Miami offers and the great surplus of 70+ months of condo inventory may soon be a thing of the past. The negative absorption of […]
The incredible land grab has begun here in 2020 as wealth flocks in droves to South Florida. From the relocation of huge financial firms coming out of New York, along with San Francisco tech companies to celebrities and athletes alike, the Miami land grab is here to stay as we will continue to see record […]
Wealthy CEOs and hedge-fund managers are flocking to Miami for the tax breaks, and it’s creating massive waiting lists at the area’s elite private schools. And while the big boys are back in town, the question arises, what will happen to single-family home values in the year ahead? The Miami Beach residential home market now […]
Sunny Isles Beach Luxury Oceanfront Condo Market Index | October 2020 | Edition #20 Here are the latest luxury real estate statistics & trends from the October 2020 Sunny Isles Beach Condo Market Index. What will be analyzed specifically are building sales & trends for the most desirable condo towers along the Atlantic coastline of Sunny Isles Beach. Included herein are the […]
Miami Beach homes are in high demand from the many lifestyle challenges and changes one might expect from this year and now with Q3 behind us, we see the latest trends shifting swiftly in favor of sellers. As we look through the YOY trend graphs below, the data accumulated ends in September; as of mid-October, […]
What was once a sleepy city in the late ’90s into early 2000, is now a brilliant location whereupon crossing the causeways into Sunny Isles Beach you know you’ve reached an area with prestige and power. The architecture lining the Atlantic is second to none with a vast area of beautiful build and design spanning […]
July – September (Q3 2020) Trends Miami Beach Homes Active Listings: 3642020 Closed Sales: 1002019 Closed Sales: 68% Change: ⬆ 32% Increase2020 (median) SP$/psf: $608 psf2019 (median) SP$/psf: $486 psf% Change: ⬆ 20% Increase Condos Active Listings: 2,9292020 Closed Sales: 3812019 Closed Sales: 438% Change: ⬇13% Decrease2020 (median) SP$/psf: $369 psf2019 (median) SP$/psf: $379 psf% […]
Ashton Coleman | One Sotheby's International Realty
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