Miami Real Estate news

MIAMI — This city has worn many tags through the decades: It has been a place to honeymoon and retire, to buy cocaine and dodge bullets, to sample Little Havana and party all night. But art was never high on the to-do list Read more ...

Not only is Brazilian art hot, but everyone from real estate agents to art galleries will be wooing Brazilians during Art Basel Miami Beach. Read more ...

As South Florida’s condo market rapidly moves toward another new construction boom, now is the time for the real estate industry to adopt measures to reduce the chances of another bust. Read more ...

Sales of existing condominiums in Miami increased 63 percent in October, with sales of existing single-family homes in Miami were up 41 percent in October, according to a report from the Miami Association of Realtors. “We are encouraged by the record-breaking performance of the Miami real estate market this year,” said Jack Levine, chairman of the board of the Miami Association of Realtors. “Rising demand and limited supply is yielding higher average and median sales prices, and we expect to see double digit appreciation in 2012.” International buyers continued to fuel deals, especially all-cash transactions. The median sales prices for condos rose 8 percent to $117,900, with the median single-family price decreasing by 12 percent to $174,600. — Read more ...

Despite suffering through one of the worst housing market crises, Miami’s residential market is now doing better than the rest of the nation.
“In comparison with the rest of the country, the coastal regions of our nation as well as the dessert are doing better on a percentage basis than many other interior markets,” said Ron Shuffield, president of Esslinger-Wooten-Maxwell Realty. “We have a considerable number of international buyers and second-home buyers. Now, our prices today have rolled back about ten years.” Read more ...