Miami Real Estate news

Luxury homes are selling for nearly what they were at the peak, even if the market as a whole remains in the dumps Read more ...

The median sales price of a Miami-Dade County condominium rose by 38 percent in the first quarter, compared to the same period in 2011, according to a report from the Miami Association of Realtors. Read more ...

Home prices in the Miami-Miami Beach-Kendall metropolitan area rose by 10.6 percent in March compared to the same period last year, according to a report from CoreLogic. Read more ...

Existing home prices in Florida could increase by as much as 10 percent by the end of this year, according to Lawrence Yun, the chief economist for the National Association of Realtors, Read more ...

Evidently, many of the international investors snapping up Miami condos are earning growing returns on their purchases.
Citing Trulia data, CNN reported that rents in Miami increased 12.1 percent between March 2011 and March 2012, the second highest growth rate in the country, trailing only Sarasota’s 12.9 percent gain. Read more ...

Luxury home prices in Miami grew by 19.1 percent in 2011, which trailed only two locations in Kenya, according to the new Knight Frank Prime International Residential Index. Read more ...

Home prices in Miami-Dade and Broward counties jumped for the third consecutive month in February despite flat or declining sales volume, as the inventory of listings dwindles, real estate figures released Wednesday show. Read more ...

The national hospitality sector is heading to its third year of recovery, according to a report from Marcus & Millichap. Hotel occupancy nationwide is expected to reach nearly 61 percent this year, with ADR slated to increase by 4 percent on a year-over-year basis. The three strongest hotel markets are North Dakota, Nevada and Texas at present. The average daily room rate in the U.S. is projected to rise to $105.70 this year, up from $101.60, with revenue slated to grow by 5.9 percent. Florida has the nation’s fifth-strongest hotel market, according to the report, with an index value of 106.7, tied with Michigan. The statewide occupancy rate in 2011 was 62.9 percent in Florida. — Alexander Britell Read more ...

South Florida real estate developer Martin Margulies has been sitting on prime ocean-front property for five years, waiting for the condo market to rise from the grave. When the market here crashed in 2007, amid overzealous speculators and an abundance of cheap and easy credit, condo construction ground to a halt. The joke had been that the unofficial bird of Miami was the crane, but that bird flew the coop. Apparently it is now swooping back in. Read more ...

The plan to remake the city’s dowdy convention center and build a high-end hotel in the heart of South Beach. Read more ...