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.
Anyone who already lives in Downtown Miami could have told you that our city is a favorite for renters, and now the 2018 Miami-Dade Real Estate Study confirms it. Brickell, the Downtown core, Midtown and Edgewater top all other neighborhoods as renter havens. These are also “the best neighborhoods for young professionals according to the study […]
Metropolitan Miami is the 4th most valuable real estate market in the United States with 864.2 billion dollars of total housing value. This according to a chart just published by Bloomberg News based on Zillow Research The reports also note that the value of all U.S. housing stock increased by 6.5 percent in 2017. This […]
Here are seven mid-range and one upscale improvement projects that will increase the value of your Miami home by more than the project costs you, according to the new 2017 Cost vs Value report from Remodeling Magazine. In the nationwide average, there is only one home improvement project that “returns a higher value than its […]
There are currently 2445 residential condominium units available for rent in the Greater Downtown Miami area… and there’s more inventory coming! As Integra Realty Resources (IRR) reported to the Miami Downtown Development Authority in the Q3 2016 Residential Market Study “Flash Report”, we had 3,748 new construction condominium units delivered in 2016, with an additional 2,774 units expected to be delivered […]