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 […]
A Miami Minute: Downtown – A New State of Mind
This short documentary produced by Reel City Films for the Miami Downtown Development Authority “provides a close look at the current state of Downtown Miami and a glimpse of this exciting area’s future expansion and growth.” Downtown – A New State of Mind from Reel City Films on Vimeo. Presented by: The Downtown Development Authority […]
Miami’s New Condo Sales Slow Substantially
Bloomberg Business reports that the pace of Miami’s new condominium sales have fallen dramatically this year: Downtown Miami’s luxury-condo boom — fueled by buyers from Latin America and Europe willing to pay half the purchase price up front — is becoming a casualty of the year-long climb in the U.S. dollar. Diminished purchasing power and […]
Key Conclusions from Miami DDA’s “State of the Residential Real Estate Market” Report
The Miami Downtown Development Authority has released it’s “Annual Residential Market Study Update” report. The 44-page report is prepared by Integra Realty Resources, “the largest independent commercial real estate market research, valuation, and consulting firm in North America.” Some of the key conclusions from the report The pre-sale absorption of units has slowed as South […]
Back to the Future: Miami Home Sale Prices at 2004 Levels
Ever since the Florida land boom & bust in the early 1920’s, Miami has seen its share of the real estate roller coaster. According to the MIAMI Association of REALTORS and data from the local Multiple Listing Service (MLS) system, we have been in a three-year recovery. From our peak in 2007 to the bottom in 2011, […]
President Barack Obama delivered remarks on infrastructure at the Port Miami Tunnel project today
In Miami, President Obama Talks About his Plan to Put People to Work Rebuilding America (via The White House) President Barack Obama delivers remarks on infrastructure, at the Port of Miami Tunnel project in Miami, Fla., March 29, 2013. (Official White House Photo by Chuck Kennedy) President Obama was in Florida today, where he got […]