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February 14, 2017
The South Florida area ranked as the second-best buyer's market in the U.S., according to a recent report by Zillow. Currently, 11.5 percent of listings have a price cut, and homes are spending 108 days on the market. Baltimore was the only city to best the Miami area. San Francisco ranked as the top seller's market in the country.
February 7, 2017
One River Point in downtown Miami will break ground in the 4th quarter of 2017. Located on the Miami River, the stunning development recently added 32 residences to the originally planned 386 units. The additional condominiums will be divided between the two 60-story towers. One River Point condos are also being upgraded to B&B Italia kitchens.
February 3, 2017
Luxury condos at Aria on the Bay in Miami are still selling well, as the stunning waterfront tower climbs closer to completion. The anticipated development is just weeks from being topped off and is on track for delivery by the end of 2017.
January 31, 2017
Russians topped the list of countries searching for Miami real estate online for the first time ever in November. Colombia, Venezuela and Argentina followed Russia, with Canada dropping from the top spot to number 5.
January 25, 2017
Douglas Elliman recently released the fourth quarter 2016 South Florida market reports covering the Miami Beach, Miami, Fort Lauderdale, Boca Raton, Delray Beach, Welligtion, Palm Beach and Jupiter/Palm Beach Gardens real estate markets. The reports are produced in conjunction with Samuel Miller and serve as an indispensable reference source for home buyers and sellers, the media, financial institutions, government agencies and other market professionals. The reports include an analysis of price trends, sales trends and other metrics to give readers an idea of current real estate conditions, along with historical and emerging market trends.
January 18, 2017
Concrete was poured over the weekend at the future site of Residences by Armani Casa in Sunny Isles Beach. The foundation pour commenced at 2 am on Saturday morning and lasted nearly 31 hours until 9 am on Sunday. Over 1,400 trucks dumped 13,200 cubic yards of concrete, making it one of the largest foundation pours in South Florida history.
January 13, 2017
December was a strong month for sales at Zaha Hadid's 1000 Museum condo tower in downtown Miami. The developer of the much-anticipated project recently announced that 30 million dollars worth of luxury condominiums sold throughout the month. As of December 22nd, 45 of the 83 residences were sold. The sellout value of the spectacular development is estimated to be around 600 million dollars.
January 11, 2017
Out of the 50 largest American real estate markets, 4 out of the top 5 are located in Florida, according to online marketplace Ten-X. Palm Beach County came in second place, with Fort Lauderdale following right behind in third. Orlando took the top spot, and Tampa took fourth place. Dallas, Texas was the only city in the top 5 not located in Florida. Each metro area on the list boasted a robust combination of high demand, price appreciation, economic growth and demographic growth.
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