Year to date, the greater Downtown Miami area has added 516 residential condominiums; 2,139 rental apartments; 90,000 square feet office space; and 118,266 square feet of retail space; and 1,780 theater seats. At our current rate, and with current construction expected to be completed this year, we will easily exceed 2018 totals for rental apartments […]
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 […]
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 […]