Concierge

South Florida Real Estate Blog

Category: Market Updates

Luxury Residential Sales in Miami Increased in the First Quarter

April 9, 2013

The luxury residential market in Miami-Dade County strengthened over the first quarter, according to a new quarterly report on the overall Miami-Dade residential market by StreetEasy.com. Luxury residential sales saw an increase of 16.3 percent in the first quarter of 2013 compared with a year earlier and an increase of 8.7 percent compared with last quarter.

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The Real Estate Market Is Still Hot in South Florida

March 27, 2013

The South Florida real estate market is still hot, according to recent figures released by the Miami Association of Realtors, the local Multiple Listing Service and CoreLogic. The new figures show that sales and home prices in the area continue to increase, while foreclosure rates decrease.

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Gap between Luxury Waterfront Home Listing Price and Asking Price is Getting Smaller

February 18, 2013

A few years ago most luxury home sellers knew they weren’t going to get the asking price of their home. Today, it’s a very different story. On a national scale the average home sold for 98.3 percent of the asking price this December, according to the Palm Beach Post.

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Buy it, Tear it Down then Rebuild it Bigger and Better-New Trend in Miami Luxury Real Estate

February 14, 2013

Miami Heat President Pat Riley’s home that sold last year for sixteen million and eight hundred thousand is an example of a new trend in luxury real estate. Buyers are purchasing million dollar properties then tearing them down and starting over with better materials and a larger floor plan.

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Fannie Mae Predicts Housing Market for 2013

February 1, 2013

We have seen significant improvements in the luxury waterfront real estate market over the past year from Miami Beach to Palm Beach. Oceanfront condos and estate sales have gone up considerably and sale prices have increased as well. It isn’t always easy to predict the future of the real estate market but things are definitely looking up.           

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Palm Beach Luxury Waterfront Real Estate Increases

January 25, 2013

We are seeing an increase in luxury waterfront real estate developments and sales in Palm Beach County this year. New waterfront buildings are going up and luxury properties have been selling quickly.  

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Luxury Oceanfront Buyers are out Buying Earlier than Expected

January 21, 2013

Last year we saw the beginning of the housing market recovery with the sale of many luxury oceanfront properties from Miami Beach to Palm Beach. This year we are seeing buyers out earlier than usual searching real estate listings online and then going out and making purchases.

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Luxury Waterfront Estate Market is Heating Up in Miami

January 8, 2013

This is a great time to sell your waterfront estate. Miami has become the epicenter of luxury, excitement and culture in South Florida. Many people from around the world come to live and vacation here for the dining, night life and all that Miami has to offer.

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