CondoWatch Miami: Condo Sales Bounce Back

Following a slow week due to the threat from Hurricane Matthew, sales have bounced back for the Miami-Dade condo market. Last week 123 units closed for a total sales volume of $52.689 million. The average condo sale price was $428,368.58, or an average of $313.05 per square foot. Miami was the ... Read More...

Building Spotlight: Luma at West Palm Beach

West Palm Beach, long the enclave of sprawling single-family homes and high-end condos, will not include luxury rentals at Luma. Developer Charles Scardina has broken ground on this latest community of one, two, and three-bedroom apartments. The development will feature a broad range of resort-style amenities. Luma will begin its ... Read More...

Real Estate Buying Depends on Demographics

Millennials, young families and baby boomers are all buying real estate, but a tight economy, high college debt and changing lifestyles have altered home buying patterns for these diverse demographic groups. In today’s reality, neighborhood services and conveniences may be more important than the actual residences. Marcie Williams, president of Rivergate ... Read More...

Current State of the New York City Condo Market

As the average price for a condo in Manhattan approaches the $2.4 million mark, what’s the major takeaway for condominium developers? Joshua Silverbush, the Director of Market Insights and Analytics at The Marketing Directors, advises that when listening to the market, it would be important to be thoughtful and realistic ... Read More...