Uncategorized

Baby Boomers - the nation’s second largest demographic, estimated at 70 million - continue to flood the rental market. Because they control 70% of disposable income, Boomers have become a market segment key to overall leasing and renewal success. Despite these numbers, less than 5% of all advertising budgets are ... Read More...

The Miami-Dade condo market continues to perform well through mid-September. There were 131 units sold this past week with a total sales volume of $56.083 million. The average sales price was $428,115.21, or $274.83 per square foot. Miami was the top city with 60 condo sales for a total volume of ... Read More...

Here’s a look at some recent news of note in South Florida real estate. Jorge Perez - Miami’s “Condo King” - is stepping aside to make way for his two sons. Perez, who enjoyed a decades-long career as a top real estate developer is preparing the way for Jon Paul and ... Read More...

The Miami-Dade condo market continues to move steadily through the dog days of summer. This past week, 135 condo units sold for a total sales volume of $46.869 million. The average sales price was $347,182.11, or $247.68 per square foot. Miami was the top city in terms of the number of ... Read More...

David Martin’s Terra Group is hoping to tap into the demand for affordable rentals in Coconut Grove with several initiatives – starting with leasing for the Bayshore Grove apartments. This building, formerly Summerhill Apartments, at 2655 South Bayshore Drive is located across the street from Regatta Park and the Grove ... Read More...

As the end of summer nears, the Miami-Dade condo market had a strong showing last week with 119 units sold for a total sales volume of $50.279 million. The average sales price was $422,519.40, or $287.73 per square foot. Miami was the top city in terms of number of units sold, ... Read More...

A report just out from the Downtown Development Authority shows that winter may have come early to the Miami condo market. Authored by Integra Realty Resources, the report shows pricing for existing condos in the area fell for the first time in five years. While the average price for a ... Read More...

The pre-construction condo market in Miami showed a slight uptick in overall sales during the second quarter of 2016. As reported in the Real Deal, 77% of the 14,000+ units in the pipeline have been presold. However, some new developments are reporting to the contrary with fewer sales than expected. ... Read More...

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...

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...