Second-quarter 2018 saw increased sales, higher median prices and more new listings for Florida’s housing market, according to the latest housing data released by Florida Realtors®. Many local markets continued to report a lack of for-sale inventory, which impacts sales and puts pressure on rising median prices. Closed sales of single-family homes statewide totaled 80,711 in 2Q 2018, up 1 percent from the 2Q 2017 figure.
“During the second…Continue
Added by Lazaro Lopez on August 15, 2018 at 9:04am — No Comments
According to the Miami Association of Realtors, Miami-Dade County existing condominium sales surged 5.6 percent in 2Q 2018 as median prices for all properties rose for the 26th consecutive quarter.
Miami condo transactions jumped 5.6 percent, from 3,818 in 2Q 2017 to 4,033 in 2Q 2018. Miami existing single-family sales decreased 2.6 percent, from 3,882 to 3,782. The change is due to a lack of single-family home inventory in lower and mid-price…
Added by Lazaro Lopez on August 12, 2018 at 9:37am — No Comments
Deciding to build a home is exciting—it's no wonder that more than 1,000,000 new residences are projected to go up this year. Still, if this thought has crossed your mind, you have also probably wondered: How much does it cost to build a home, anyway?
According to data from the …Continue
Added by Lazaro Lopez on August 9, 2018 at 8:00am — No Comments
Condo sales in Miami-Dade rose last week, led by a sale on Fisher Island.
Condo sales totaled 173 closings for a combined $63.2 million, 49 units and about $15 million more than the previous week. Condos last week sold for an average price of about $365,000 or about $300 per square foot.
Added by Lazaro Lopez on August 9, 2018 at 7:01am — No Comments
KEYSTONE POINT REAL ESTATE FACTS: Total Homes for Sale: 53 AVERAGE HOME VALUES BY CITY Bal Harbour $1,043,000 Bay Harbor Islands $289,300 Golden Glades $203,600n Indian Creek - Miami Beach $383,700 More For more information, or for a FREE HOME EVALUATION, call: (786) 525-9430. Lazaro Lopez, PA Fortune…
Added by Lazaro Lopez on August 8, 2018 at 2:58pm — No Comments
he Cuban Exile History Museum, proposed for public waterfront land behind American Airlines Arena, is in limbo.
Added by Lazaro Lopez on August 1, 2018 at 9:55am — No Comments
The luxury condo market, a recent sore spot in South Florida due to over development in places like Miami Beach and the Miami mainland, saw strong sales activity and price increases.
Luxury condo inventory in Miami Beach and the barrier islands fell 20% from a year ago. It’s a positive sign that new development, which wound down in 2016 amid tough market conditions, will likely pick up again soon.
The median sales price for a luxury condo in Miami Beach soared to $3.37 million…Continue
Added by Lazaro Lopez on July 26, 2018 at 9:27am — No Comments
Brickell City Centre has submitted an expansion to build on two additional city blocks.
The proposal would amend the Special Area Plan regulating the development, and increase the SAP area from 11.4 acres to 13.9 acres.
In total, four more towers are now planned at Brickell City Centre, including One Brickell City Centre, North Block, the Tobacco Road site, and Associated Photo property.
The plans have just been recently submitted to the city, have not yet been reviewed,…Continue
Added by Lazaro Lopez on July 18, 2018 at 8:35am — No Comments
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Added by Lazaro Lopez on June 30, 2018 at 9:23am — No Comments
5.3 Percent Fewer U.S. Homes on the Market Than in 2017
According to the May 2018 Zillow Real Estate Market Report, median rent is appreciating more quickly this spring than last in 27 of the 35 largest U.S markets.
Pittsburgh, Detroit and Houston reported the greatest jumps in annual rent growth this spring compared to last. Median rent in all three of these metros was falling at this time last…
Added by Lazaro Lopez on June 29, 2018 at 8:27am — No Comments
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Added by Lazaro Lopez on June 20, 2018 at 7:02am — No Comments
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Added by Lazaro Lopez on June 12, 2018 at 1:27pm — No Comments
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Additionally, the average homeowner gained $16,300 in home equity between the first quarter of 2017 and the first quarter of 2018. While home…
Added by Lazaro Lopez on June 7, 2018 at 10:59am — No Comments
As Florida home sale prices rise, a lack of homes makes it tough on buyers
Home sale prices continued to rise both nationally and statewide in April as a prolonged dearth of available homes on the market is making it tough on buyers. A total of 24,804 single-family homes changed hands across Florida last month, up 4.1 percent from a year ago, …Continue
Added by Lazaro Lopez on June 2, 2018 at 1:07pm — No Comments
According to Florida Realtors, in April 2018, Florida's housing sector reported more closed sales, higher median prices and more new listings from owners ready to enter the market.
"Not enough for-sale inventory, especially in the range for first-time homebuyers, is an ongoing challenge for many local housing markets," said 2018 Florida Realtors President Christine Hansen. "Pent-up demand continues to put upward pressure on prices. In April, sellers continued to…
Added by Lazaro Lopez on May 31, 2018 at 11:45am — No Comments
Imagine what it would look like to have a multibillion-dollar company send you a check every month for the next 25 years. Is the idea of having companies like Walgreens, McDonald's, or Bank of America sending you monthly rent checks enticing? It should be — the peace of mind this could give you is likely far superior to that offered by a local or regional commercial business tenant. With a publicly traded tenant, you could look at its stock ticker to track what…Continue
Added by Lazaro Lopez on May 21, 2018 at 2:36pm — No Comments
Added by Lazaro Lopez on May 16, 2018 at 1:35pm — No Comments