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South Florida Real Estate Blog

Category: Market Updates

The World's Billionaires Are Buying Homes in Miami

January 18, 2018

According to Forbes, there are currently 51 billionaires living in Florida, with most of them residing in South Florida. Location and climate have always been the big sellers when it comes to luxury real estate, but Miami developers are sweetening the deal with services and amenities you won’t find anywhere else south of Manhattan.

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Now is the Time to Invest in Fort Lauderdale Real Estate

January 15, 2018

Fort Lauderdale’s local economy has continued to grow, and with it, so has the interest in the Fort Lauderdale real estate market. Right now, investor demand and capital availability are set to increase next year, new businesses are opening and job opportunities are on the rise. What’s the cause of this phenomenal rise in Fort Lauderdale’s real estate market? Fort Lauderdale has long held the reputation of being the yachting capital of the world and a very popular tourist destination for affluent travelers. In addition, Fort Lauderdale is quickly becoming a destination for year-round luxury living.

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Palm Beach's Priciest Home Sales Show Market Trending Upward

January 8, 2018

Palm Beach's priciest home sales show a market trending upward with the volume of spec building suggests that trend will continue. The gold-plated Palm Beach real estate bubble shows no signs of popping any time soon, as the ultra-wealthy continue to place millions of dollars into the area.

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Predictions for 2018 Show South Florida is Ready to Boom Again

January 4, 2018

South Florida's top real estate executives weigh in on how they believe the market will fare in the coming year and where opportunities may lie.

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Under New Tax Bill, Wealthy New Yorkers Would be Better Off in Florida

December 21, 2017

According to an analysis performed by the Partnership for New York City, most New York City residents will see a far fewer benefits from the tax overhaul than their counterparts in Florida. The Partnership, which represents some of the city’s most prominent businesses, stated the difference is particularly stark for the state's highest earners.

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New Rent Report for Miami Shows Slight Decrease From Previous Year

December 4, 2017

The real estate rental website Zumper released its lates national rent report, ranking the top 25 rental markets in the United States. According to their report, Miami apartments have decreased slightly in price from the previous year.

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South Florida Luxury Real Estate Fared Relatively Well Through Hurricane Irma

September 15, 2017

Hurricane Irma brought forceful winds and substantial rainfall to South Florida, but most industry indsiders agree that the damage to luxury real estate could have been significantly worse. In fact, the storm is not expected to have a lasting effect on the real estate market in South Florida.

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Luxury Real Estate Investors, Take Another Note!

July 18, 2017

In the resale market, we are seeing an increase in inventory and an extended number of days on the market. The longer a condominium stays on the market, the more antsy sellers become to unload their property. The sampling below outlines the average number of days on the market for the active listings in these select fine properties. It is currently averaging close to 6 months.  Furthermore, the number of sales in a year in each of these buildings is dramatically low.

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