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 […]
Market Trends: Roads & Brickell (33129) Single Family House September 2016
There have been two closed sales for single family homes in the 33129 for the month of September 2016. To put that into perspective, the highest number of closed sales in a month since October 2013 was only 8 in April 2016. This Miami submarket is a very small one with only 1300 homes ranging from $400,000 to […]
Market Trends: Roads & Brickell (33129) Single Family House May 2016
The Miami single family houses sub-market in zip code area 33129 is a small one. It is made up of a neighborhood called The Roads, the luxury gated community of Villas de Vizcaya, and Brickell Hammock homes nestled along South Miami Avenue and Brickell Avenue, between I-95 and Biscayne Bay. There are currently only 32 houses […]
3rd Quarter Market Trends – Roads and Brickell Hammock
The Roads and Brickell Hammock single family homes market (zip code 33129) starts at the corner of SW 11 Street and SW 12 Avenue, and stretches southeast to the water. The area includes historic neighborhoods with homes dating from the early-1900’s, along with Alice Wainwright Park, Simpson Park, and Vizcaya Museum and Gardens. Property Sales […]
Market Trends Report: Brickell-Roads (33129) Single Family Homes
The Roads and Lower Brickell single family homes market (zip code 33129) is a small one with only 1305 single family homes total. As such, market data is minimal and can be misleading. For instance, with no closed sale transactions in January 2015, it appears to be a huge statistical decrease yet isn’t really much different from […]
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, […]