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July 22, 2016
Existing home sales in Miami-Dade County declined again in June, further suggesting that the market has stabilized after years of unsustainable growth. However, the Fort Lauderdale real estate market, which is less dependent on foreign buyers, posted a strong month.
July 19, 2016
AquaBlu Fort Lauderdale is now over half sold out. The largest of the Aqua-branded developments, the luxury waterfront tower will be comprised of 36 spacious residences starting at 1.3 million dollars. AquaBlu broke ground last fall and is scheduled for completion in late 2017.
July 15, 2016
The real estate market in Miami and Miami Beach has slowed down significantly over the past year, but it's not crashing. According to Douglas Elliman's second quarter 2016 market report, this is actually a sign of stability.
July 11, 2016
There is an early opportunity to purchase luxury real estate in the next "hot" area of Fort Lauderdale. Currently undergoing an impressive renovation, Birch Road and Bayshore Drive in Fort Lauderdale - collectively known as Central Beach - are seeing an influx of new exclusive boutique residential developments.
July 7, 2016
The developers of Paramount Fort Lauderdale Beach received a 63.6 million dollar construction loan. Construction on the 18-story tower has now passed the halfway point, and 80 percent of the luxury project's 95 condominiums are sold out. The remaining condos at Paramount range in size from 1,910 square feet to 3,474 square feet. Prices for those residences start at 1.2 million dollars.
July 1, 2016
Brits have largely favored Florida when it comes to buying real estate in the Unites States, so many have been wondering how their surprise vote to leave the European Union may affect the real estate market in the Sunshine State. From April 2014 to March 2015, homebuyers from the U.K. made 29 percent of their U.S. real estate purchased in Florida. Arizona was a distant second, accounting for only 8 percent of residential purchases.
June 28, 2016
Colombia has officially replaced Brazil as the top foreign country searching for property in South Florida. In April, Colombia registered the most searches for South Florida real estate for the fifth straight month. Prior to this, Brazil led the rankings for 13 consecutive months through June 2015. Since then, they have fluctuated between the top 2 positions, before landing at number 5 in the most recent report.
June 24, 2016
Condominium and single-family home sales in Miami-Dade County continued their downward slide in May. Single-family home sales decreased by 7.2 percent year-over-year, while condo sales fell 13.3 percent. The reasons for the slowdown remain the same. Many luxury condominiums entered the market at around the same time major South American markets began experiencing volatility. New construction projects continue to enter the market, and some buyers continue to wait and see what else may be entering the market in the near future.
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