Luxury Real Estate Sales on the Rise in Miami
by Sep Niakan | January 28, 2014
The latest real estate reports in Miami show that the luxury residential market increased at a substantial level during 2013.
In addition to sales of $1 million+ homes and condos increasing by approximately 36%, luxury homes remained on the market for less time. Sales volume over pricing is currently driving the luxury market in Miami.
Domestic buyers are once again returning to the market, as foreign buyers represented only 35% of the luxury residence purchases in Miami last year.
Investors seeking bargains will find there are still an ample amount of opportunities, with average per square foot price in Miami at around half that of New York. The time to act is now; however, as prices for waterfront construction top $1,500 per square foot.
by Sep Niakan | September 27, 2016
Claro Development’s latest at 10 SW 8th Street is going to be a tall order, literally! Fresh-approved by the FAA, the Brickell Market Place is set to rise up to 954 feet above ground, or 960 feet above sea level. Approved after a seven-month...
by Sep Niakan | September 26, 2016
Come year-end, Miami’s Edgewater neighborhood will be home to one of Best Western International’s first boutique hotel brand offerings - Vib. Best Western’s chosen only 20 key urban markets (including Miami) across North America to...
by Sep Niakan | September 23, 2016
The Berkowitz Development Group, describes SkyRise as their “abstract version of the Statue of Liberty”. Approved in 2014, this R-shaped structure is being built in tandem with the revitalization of Bayside Marketplace. The tower will be...