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June 21, 2017
May of this year was a record-breaking month for single-family home sales in Miami. The single-family home market had its best May in history, with total home sales, dollar volume, median prices, traditional sales and luxury home sales all increasing in May, according to a recent report by the MIAMI Association of REALTORS and the Multiple Listing Service.
May 11, 2017
Lower prices helped propel the Miami luxury condominium market in March, according to a recent report. Sellers lowered prices, hoping to boost luxury condo sales, and the result was a 31-percent increase in sales of condominiums priced over 1 million dollars, when compared to March 2016. However, only 2 of those units sold for the full asking price. Condominiums listed closer to the final selling price sold faster than those originally listed at a higher price.
March 24, 2017
Over the past year, Miami real estate professionals and developers have focused on targeting Canadians and Americans as buyers for high-end condo projects, as South Americans remain largely on the sidelines due to falling exchange rates.
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.
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 6, 2017
Canada took the lead from Colombia as the top foreign country searching for property in Miami. In October, Canada registered the most searches for Miami real estate for only the second time since November 2013. It seems our northern neighbors are seeking a refuge from the cold! Brazil, once the top spot, fell to number 5, while India jumped from the 6th spot to number 3.
September 30, 2016
Good news for sellers! The Miami and Fort Lauderdale real estate markets rebounded in August. Existing home sales in Miami-Dade County and Broward County were much stronger than the previous month's sales.
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