Concierge

South Florida Real Estate Blog

Category: Market Updates

2015 Boasted the Third-Most Home Sales on Record in Miami

February 12, 2016

Miami real estate flourished in 2015. Miami-Dade County saw 29,886 residential sales, which was the third-best year on record. Of those sales, 13,936 were single-family homes and 15,950 were condominiums. 

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Fort Lauderdale Ranked a Top City for Investment

February 10, 2016

With prices on the rise and wages holding steady, first-time home buyers may have a harder time jumping into the real estate market in 2016. However, those looking to buy potential rental properties will see these changes as signs of continued strength in the investment market. In a recent study, Fort Lauderdale was named the 8th best city in the United States to invest in this year.

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More Information on the New Disclosure Law for Luxury Real Estate

January 27, 2016

In an effort to discover money being laundered through Miami and New York luxury real estate, the U.S. Treasury Department will soon start tracking all-cash transactions made through limited liability corporations that mask buyers' identities. The initiative will run from March through August and will affect real estate deals starting at 1 million dollars in Miami-Dade County.

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Treasury Department to Identify Secret Buyers of Luxury Real Estate

January 14, 2016

The U.S. Treasury Department is starting an initiative to track and identify secret buyers of luxury real estate in both Miami-Dade County and New York City. The initiative aims to target all-cash purchases made by L.L.C.s that mask buyers' identities. It's the first time the government has required real estate companies to give names behind all-cash transactions, and it is being done in an effort to focus more on money laundering in real estate.

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Home Values in South Florida Increased by 61.4 Billion Dollars in 2015

January 5, 2016

The South Florida real estate market saw home values grow by 61.4 billion dollars in 2015. The total value of all single-family homes, townhouses and condos in Miami-Dade, Broward and Palm Beach counties grew by 9 percent to 773 billion dollars, according to Zillow. This value has grown steadily since 2011.

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321 Ocean Penthouse Asks 53 Million Dollars

December 22, 2015

A lavish penthouse at South Beach's recently completed 321 Ocean is on the market for a record-breaking 53 million dollars. The 6,800-square-foot residence features 4 bedrooms, staff quarters, a rooftop deck, an outdoor kitchen and a pool overlooking the ocean. In all, the superb penthouse boasts 6,400 square feet of outdoor living space. 

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For Sale! Stunning 2536 Lucille Drive in Beautiful Fort Lauderdale

December 1, 2015

2536 Lucille Drive, located in Fort Lauderdale's most prestigious yachting community and beach club, is currently for sale. This spectacular estate home sits on 95 feet of deep water frontage, just minutes from direct ocean access. This magnificent 2-story home features 6 bedrooms, 7 full bathrooms, 2 half bathrooms, an inspiring gourmet kitchen, a wine room, a fitness room, an elevator and more. The luxurious master suite boasts an elegant bathroom and an extraordinary walk-in closet. This waterfront home was finished to the highest quality, with exquisite moldings throughout. 

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Brazilians Again Search the Most for Real Estate in Miami

October 27, 2015

According to web traffic data from August, Brazil is still the top foreign country searching for Miami real estate on the Internet. Brazil has topped the list 14 out of the past 15 months, with Venezuela taking the number one spot a single time. Russia, Colombia, Venezuela and Argentina round out the top 5, respectively. 

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