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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 »

Miami Beach Single Family Homes- Latest Closed Sales & Quick Market Update

I’d like to highlight a few of the more significant closed sales information for single family homes located on Palm Island, Hibiscus Island, Venetian Islands and Sunset Islands in Miami Beach from May 1 through August 20, 2008. A total of eighteen (18) luxury homes sold and closed during this time frame with an average…Read More »

Florida Tax Reform – Amendment 5

The State of Florida is still in desperate need of property tax reform & reduction. The measure that was approved last year has helped to provide some limited tax reductions, but has turned out to be a complicated & very limited property tax reduction effort. There is a new initiative to significantly reduce property taxes…Read More »

Downtown Miami’s Condo Oversupply- Not as Bad as Initially Projected

Downtown Miami condo oversupply – is it as bad as initially projected?

Has Miami’s Housing Market Hit Bottom?

I recently came across an interview with Jim Cramer (from Mad Money on CNBC), which I believe accurately predicts future real estate trends for the Southeast Florida housing market. For anyone considering buying Miami Beach, South Beach, or even downtown Miami waterfront properties, NOW is the time to be making offers on well priced properties.…Read More »

Turning a Home into a Rental

Buying investment property is under normal circumstances a practically surefire method of making long term profit but right now it’s not something a lot of people are doing. This matter has bolstered the demand for property renting which many buyers of investment property are now using as a means of making sure the properties they’ve…Read More »

“TIPS for Sellers” in Today’s Market

Some useful tips to help you sell your Miami Beach home or condo. What Works: Be willing to contribute to Buyer’s Closing Costs Consider Seller Financing Offer to pay for Buyer’s Mortgage Points Get a Home Warranty Gimmicks that generally DO NOT work: Free Vacations Free TV’s and cars Non-related seller contributions Click on the…Read More »

Is Home Buying the Right Decision?

In one’s lifetime, there comes that point when the thought of buying your first home begins to manifest itself. Alas, buying South Florida homes these days is something many will advise against due to the uncertain status of the real estate market. Yet there are those people who will tell you the complete opposite and…Read More »

Miami’s Next Residential Skyscraper

Downtown Miami is well known for its many high rises made up of luxury condos like 50 Biscayne, Marquis Miami, 900 Biscayne, Ten Museum Park, and Icon Brickell office buildings and a few company headquarters. While the Four Seasons Miami Hotel may be the most expensive, fanciest and the largest, it could eventually be dethroned…Read More »

Miami Beach Buyer’s Market

The Real Estate Diamonds in the Rough Miami Beach real estate can no longer claim to appeal strictly to people with six or seven figure salaries. Today the surplus of properties up for sale in the city has eroded prices, revealing plenty of possible investment prospects for those willing to ignore the steadfast doom cries…Read More »