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Miami and Miami Beach Real Estate Sales Trends- YTD 2010

I’d like to take this opportunity to share with our readers that latest general Miami Beach real estate sales data courtesy of the Greater Miami & Miami Beach’s Board of Realtors: For the Miami metropolitan statistical area (MSA), there was a 53 percent increase of existing single-family home sales year-end 2009 compared to 2008. This…Read More »

Has Miami Beach Reached the Housing Bottom?

I’m often asked by both buyers and sellers interested in purchasing or selling a waterfront (and non-waterfront) single family home on Miami Beach if we’ve reached a housing market bottom? The answer for PRIME waterfront properties located on island communities such as Palm, Star, Hibiscus, Sunset Islands I – IV, and the various Venetian Island…Read More »

An overview of general Miami Beach Sales Patterns as of January, 2010

In Miami-Dade County, pending home sales decreased by 2.21 percent in December compared to the previous month, from 8,288 to 8,105 according to the Realtor Association of Greater Miami and the Beaches (RAMB) and Southeast Florida Multiple Listing Service. This slight decrease can be attributed to the holiday season, which traditionally results in fewer home…Read More »

Miami Beach Housing Market – A Perspective on Supply and Demand

Recently, there has been flurry of articles in the newsmedia about a pronounced increase in home sales, which has also led to a stock market rally in the runup to the Thanksgiving Holiday. I’d like to take this opportunity to put a bit of local perspective on this latest sales trend: 75% of the homes…Read More »

South Beach Sales Update

I’d like to give a quick market update as well as some commentary on the latest sales that my team and I have been involved with: Condos Murano Grande #1906- $1,350,000 3 beds / 3baths ($667/S.F.) Waterfront Single Family Home Palm Island – 298 S. Coconut Lane $3,150,000 5 beds / 4 baths ($787/S.F.) Once…Read More »