A serious seller in zip code area 33137 should look at the “Days on Market” and MSI indicators, plus the considerable disparity between “median list price” vs “median sold price” below, and consider a substantial price adjustment to get their home sold.
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 […]
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 […]
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 […]