News
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This year, real estate sales in Miami-Dade County may well become the second on record. The statistics from the MIAMI Association of Realtors and the system of Multi-Listing Services for September 2022 shows that the market is gradually moving towards equilibrium after the mortgage rates were raised. 25,990 homes were sold from the beginning of...
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According to a fresh report, in the third quarter of 2022, sales of residential properties in South Florida are still falling and prices are growing compared to the last year’s market boom. Jonathan Miller from Miller Samuel, one of the authors of this report, notes that sales slowed down by about 30% and the supply of listed properties is now two...
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Real estate agents, buyers, and sellers are getting ready for the emerging economic recession and many would like to know how it will affect South Florida. During the pandemic, there was a record-setting increase of prices, the number of transactions, and the volume of sales in dollar value in this region but a slowdown could be around the corner...
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Sales of luxurious properties are dropping in the super-exclusive market of Palm Beach, as well as Miami and Miami Beach. South Florida won the most from the frantic activity in the real estate market during the pandemic, when the demand for housing surged along with the prices. Two and a half years later, everything is getting back to normal. In...
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Hurricane Ian devastated Florida’s southwest regions less than a month ago but investors and other buyers are already rushing to the locations where house prices have surged over the past few years, looking for good bargains. Realtors are saying that the demand from both locals and people from other states remains high. Real estate agencies report...
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The USA Home Sales Report for the third quarter of 2022 published by the ATTOM analytical agency shows that the profit margin (the difference between the median purchasing price and the median reselling price) reduced to 54.6% in the third quarter compared to 57.6% in the second quarter. At the same time, house prices fell for the first time in...
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Tom Brady, an American football quarterback playing for Tampa Bay Buccaneers, and his wife Giselle Bündchen, one of the world’s highest-paid models, have been living in a mansion on Davis Islands in Tampa, Florida, until recently. This is one of the most exclusive and high-end locations across the whole state, where celebrities and simply...
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The vertically integrated Driftwood Capital specializing in high-yield commercial properties in the hospitality industry started building an extended-stay Element Hotel with 130 rooms, located on the oceanfront in Melbourne, Florida. This is a beach town on the state’s popular Space Coast where Cape Canaveral is located. After the property is...
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According to the Florida Association of Realtors, the median selling prices of both single-family houses and townhouses / condominiums in Southwest Florida surged rapidly over the first eight months of 2022 compared to the same period last year. For instance, the average selling price of single-family houses in Forty Myers and Cape Coral reached...
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Florida authorities are still calculating the damage from the devastating Hurricane Ian but already claiming that the state’s tourist industry is ready to welcome visitors. Mr. Minich, CEO at Experience Kissimmee agency in the extremely popular tourist city of Kissimmee, is saying that some residential districts and non-tourist areas are still...
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