Miami Beach
Real Estate News

Miami Luxury Home Sales Spike 55 Percent Annually in Q3

Miami Luxury Home Sales Spike 55 Percent Annually in Q3

A surge of domestic and foreign buyers are purchasing primary homes in Miami's diverse neighborhoods. Consistently low mortgage rates, expanded work-from-home and remote schooling fueled already strong demand for Miami real estate. Read More »


Recent U.S. Homeownership Gains Driven by Latin Americans

Recent U.S. Homeownership Gains Driven by Latin Americans

About 18% of the U.S. population identifies as Latin, yet they have accounted for more than 60% of new U.S. homeowner gains over the past decade. Read More »

Inbound New York Buyers Boost Miami Soaring Home Sales in August

Inbound New York Buyers Boost Miami Soaring Home Sales in August

Pent-up demand, historically low mortgage rates and the robust fundamentals of the South Florida housing market is leading to increased buying activity. Read More »

Driven by COVID, Serious Delinquent Mortgages in U.S. Spike in June

Driven by COVID, Serious Delinquent Mortgages in U.S. Spike in June

CoreLogic's latest monthly Loan Performance Insights Report for June 2020 says 7.1% of U.S. mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure). Read More »


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Global Property Spotlight

Grand Tetons Wonderland - (Driggs, Idaho)

Grand Tetons Wonderland - (Driggs, Idaho)

Huntsman Springs is golf and club community developed by Jon Huntsman, Sr. A place of serenity and beauty in the hitherto undeveloped Teton Valley of Western Idaho. Read More »

Last Updated November 13, 2020 9:02 AM ET

Miami Beach Property News

According to a new report from Redfin, the median sale price for luxury homes in the U.S. rose 1.2% year over year to $825,000 during the three months ending July 31, 2020.

Miami single-family home prices increased 5.6% year-over-year, from $360,000 to $380,000. Miami existing condo prices rose 6.2%, from $247,000 to $262,250. Median prices have now increased for 34 consecutive quarters, a streak spanning 8.5 years.

Miami-Dade County median home prices increased year-over-year in June 2020 as home sales continued trending upward despite the global COVID-19 situation.

Florida's Realtors are reporting that the state's housing market continued to reflect the economic impact of the coronavirus pandemic in May 2020.

Miami-Dade County median home prices increased year-over-year in May 2020 as home sales saw expected declines as a result of the global COVID-19 outbreak.

A strong U.S. dollar and a worsening global economic outlook outside of the U.S. slowed South Florida international home sales in 2019.

More than $1.8 trillion in combined reconstruction cost value are at risk of storm surge and possible mandatory evacuation.

Miami-Dade County total home sales and prices increased year-over-year in 1Q 2020. Miami total home sales increased 6.8% year-over-year, from 5,659 to 6,042.

According to the Miami Association of Realtors, Miami-Dade County total home sales surged double digits year-over-year in January 2020 thanks to a robust increase in mid-market and $1-million-and-up transactions.

Based on a report by the University of Central Florida's Rosen College of Hospitality Management, the annual economic impact of Florida's vacation home rental industry now exceeds $27 billion.

According to Knight Frank's latest research for the most exclusive global residential neighborhoods -- the top 10 ultra-prime streets and areas where the most transactions over $25 million have taken place in the last five years was -- revealed this week.

According to new data from Yardi Matrix, the number of apartment skyscrapers in the U.S. are much more common today than they were three decades ago.

According to new data from the Miami Association of Realtors, Palm Beach County total home sales, median prices, dollar volume and luxury transactions increased year-over-year in September 2019. Palm Beach County total home sales increased 3.1% year-over-year, from 2,261 to 2,332.

The average sale price for luxury homes in the U.S. rose 0.3 percent year over year to $1.6 million in the third quarter of 2019. It marks the first time luxury prices did not drop after three straight quarters of decline.

Based on new data by the Miami Association of Realtors, Miami-Dade County single-family home sales, condo sales, median prices, dollar volume and luxury transactions all increased year-over-year in September 2019.

Florida's housing market reported more closed sales, higher median prices and increased pending inventory compared to a year ago. Sales of single-family homes statewide totaled 23,510 last month, up 11.5% from September 2018.

According to the National Association of Realtors' newly released 2019 U.S. Vacation Home Counties Report, increased financial wealth and low mortgage rates boosted the demand for and price of vacation homes.

According to Zillow research, Latinos are buying homes are a higher rate than the overall U.S. population, beginning to close a gap between the Hispanic and white homeownership rate that has tripled since the start of last century.


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