Entries by Eva Montero

South Florida condo sales outperform home sales in October In Miami, bulk of condo deals were in the $150k to $400k range

Residential sales across South Florida were up in Miami-Dade, Broward and Palm Beach in October, with condo closings rising roughly 20 percent in each county. Increases in both home sales and median prices last month were due in part to heightened demand spurred by concerns of rising interest rates, according to the Miami Association of […]

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Mixed-use Wynwood office building ‘Forum’ gets a city thumbs-up

A New York based development company has teamed with a globally-recognized and award-winning architect to bring a stand-out mixed-use office building to the heart of the ever-growing Wynwood Arts District. RedSky Capital plans to construct an eight-story mixed-use building called Forum at 2700 NW Second Ave. in Wynwood. The developer’s team presented details July 18 […]

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The week in luxury: A map of Miami-Dade’s priciest condo sales Closing prices in the top 10 deals ranged from $1.5M to $5.5M

Miami-Dade condo sales fell back down again last week, likely thanks in part to the July 4 holiday. The county recorded 109 closings for a total of $55 million, up from the previous week’s $79.2 million sales volume. Condos last week sold for an average price of about $503,000 or $366 per square foot. The […]

Foreign investment in South Florida homes totaled $7B in ’17. Here’s where the money came from.

Venezuela outspent other countries in Miami-Dade for second-straight year Despite the residential market’s lackluster year, foreign investors spent $7.1 billion on South Florida homes in 2017, up nearly 15 percent from the previous year’s $6.2 billion. Leading the pack in South Florida was Argentina with 15 percent of all foreign purchases last year, according to […]

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Miami Beach’s short-term rental fines challenged on constitutional grounds Property owner is claiming city’s fines are “excessive punishment

A Miami Beach property owner is accusing the city of engaging in discriminatory practices when it comes to cracking down on short-term rentals. Natalie Nichols filed a civil rights lawsuit in Miami-Dade Circuit Court on Wednesday, alleging the city’s practice of levying five-figure fines on some residents who list their properties on Airbnb and other […]

Renting in Miami: What will $2,000 get you?

Curious just how far your dollar goes in Miami? We’ve rounded up the latest rental listings via rental site Zumper to get a sense of what to expect when it comes to hunting down a place in Miami if you’ve got $2,000 / month earmarked for your rent. (Note: prices and availability are subject to […]

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Miami Luxury Home, Condo Sales End 2017 on High Note

According to the Miami Association of Realtors, luxury home sales in Miami posted double-digit gains while existing condominium transactions surged year-over-year in December 2017. Luxury ($1 million-and-above) existing Miami condo sales jumped 47.6 percent year-over-year, from 42 to 62. Luxury Miami single-family home sales rose 16.7 percent, from 60 to 70. Existing Miami condo sales […]