Second quarter real estate digits are in and we continue to see strength in the Miami market. Here are a few highlights according to Douglas Elliman’s report: Overview Highest sales activity in 7 years. Market share of distressed sales down sharply. Prices up in most segments of the market, average sales price highest in 5… Read more…
Category Archives: Market Watch
Video: Is Miami the Least Leveraged Real Estate Market in the United States?
It wasn’t too long ago that Miami became synonymous with foreclosures and short sales, a perfect example of real estate excess that made us the laughing stock of the nation. But thanks to the foreign buyer, with cash in hand, Miami is “probably the most under levered city in the entire country” according to Alicia Cervera Lamadrid,… Read more…
Apogee Condo Sells for $12.4 Million
A 3 bedroom, 4.5 bath condo at the Apogee South Beach has sold for $12.4 Million, the second most expensive sale in the building. The 4,154 square foot unit fetched nearly $3,000 per square foot. The listing agent, Carlo Gambino, Executive Vice President at Douglas Elliman, was also behind the priciest sale in the building – a… Read more…
Hump Day Funny: The World According to Investors
Notice Florida: Perpetual Real Estate Boom/Bust