Miami’s Record-Setting Condo Sales of 2018 Although it’s a strong buyers market in Miami-Dade, there have been a record number of luxury condos sold this year within The Magic City. The number of luxury condo sales were 10% higher (SP$/$5M+) along with sale price values (SP$/PSF) 4% higher in 2018 over the 2017 figures. Miami offers its residents with tremendous lifestyle advantages along […]
Miami’s Record-Setting Home Sales of 2018 Although it’s a strong buyers market in Miami-Dade, there have been a record number of luxury homes sold this year within The Magic City. There were 22% more sales while, at the same time, luxury home sale price values are 4% higher over 2017 figures. Miami offers its residents with tremendous […]
Miami Ultra-Luxe Condo Inventory by Location With Miami’s ultra-luxury condo inventory abundant, prices are coming down and awesome deals are being made. I’ve relayed often for the past few years, buyers are winning and will continue winning throughout next year. Reasons Why: Ample new construction; speculators were told they should buy pre-construction before prices went […]
That Miami Penthouse Life The prestigious penthouse apartment, which occupies the highest floor of a residential building, has long been synonymous with wealth and luxury. But for affluent Miami buyers, the luxury penthouse condo options are abundant. With the surge in ultra-luxury coastal developments, Miami has a surplus of penthouses available on the market. There are 389 […]
A Broker’s Guide to Navigating a Porsche Condo in Miami Porsche Design Tower Sunny Isles Beach is a very special development. In a cyclical market, the optimal time to buy is soon after delivery during the aftermath when speculator resale inventory takes shape. Then we have ample open doors to seek & secure super deals. […]
I was approached to assist in selling this 2012 project years ago and with the anticipated prices hovering $800+ psf, I was not interested. The immediate neighborhood had long-term potential but short term, the comparable values were nominal. The Baylights development has today proven to set area records however at 25% less in market values. […]
Q2 Miami Residential Condo + Home Market Report We provide an in-depth look at how our markets are performing on a quarterly basis. Second Quarter (vs. Q1) Residential Market Activity Cooled. Miami Beach experienced 45% fewer closed sales, however, inventory levels have a notable decrease along with trends showing an increase in home sale price […]
Luxury Housing Market Snapshot | Ultra-Luxury 1% Defining Luxury Luxury is defined dynamically using sale prices to track and identify the luxury tier in each market over time. We focus on two luxury tiers — Luxury is defined as the top 5% (95th percentile) as the threshold; the other tier is Ultra-Luxury using the top […]
The $20,000+ Miami (Coastal) Property Rental | A Pricing Band Analysis Miami’s coastline has always been known to have the priciest property rentals to choose from but with all of the new ultra-luxury developments, there are more options than ever to experience the ultimate Miami lifestyle. The question is what has rented at these high-end price […]
Profit vs. Loss | How is the Current Pre-Construction Market Cycle in Miami Doing for Investors? Buying preconstruction is a necessity for some as everyone wants what’s new. After going through the residential market turbulence of 2006 to 2009 and helping the speculators come up for air, I am jaded and far too conservative to push […]
Ashton Coleman | One Sotheby's International Realty
119 Washington Avenue Suite 102 • Miami Beach, FL 33139 • Ashton@miamidreamrealty.com
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