Earlier this week, construction officially began on phase one of development at 400 Biscayne Boulevard across from Bayside Marketplace in downtown Miami. The 49-story high-rise mixed-use project will include private and co-living “smart rental” units featuring keyless entry and control of the audio, video, and thermostat from a mobile app on the tenant’s phone. The […]
Archives for June 2019
The Downtown Miami zip code area 33132 currently has 1059 active listings with 126 median days on the market. The median listing price is $474,370. After a precipitous drop in November 2018, median sold prices continue their steady climb; however, rising inventory levels could be signalling another price adjustment for this area. Housing Market Trends […]
Miami Downtown Development Authority presents the founder of Lulu’s Nitrogen Ice Cream, Luisa Santos. Merging her passions for sustainable, value-driven business and a mission to reinvent the way America thinks of ice cream, she decided to launch Lulu’s. Miami Downtown Development Authority While we love thrilling tastebuds, at Lulu’s ice cream, we believe that we […]
According to our Miami Area Report for May 2019, the City of Miami residential real estate market is continuing to improve year-over-year. Median selling prices are up by 7.02% while median days on market have decreased by 24.32%. After hovering around a “normal, balanced” market for the past year, supply of inventory dropped dramatically in […]
Residential condominiums in Downtown Miami’s zip code area 33131 have a median listing price of $512,590, and median days on market of 163. There are 1903 currently active listings, with just 0.2% noted as “distressed listings”. After a dramatic drop in third quarter 2018, median sold prices are again slowly rising; but so is inventory.