Miami Beach Real Estate Blog

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The Miami for-sale inventory of single family homes, condos, townhomes and co-ops remained at historic lows, with 10,779 units for sale in September 2012, down -20.89% compared to a year ago.

The median list price in September was $279,000, 11.6% higher than a year ago. The median age of inventory was down -22.10% compared to one year ago.

Lower inventories, combined with somewhat higher median list prices, suggest that the housing market ending the 2012 home-buying season is in better shape than it was a year ago.

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According to Forbes' new publication "America's most expensive zip code."

Two of Miami's zip codes, both in Coral Gables, 33156 and 33143 came in number 15 and 34 respectively. Fisher Island's zip code 33109 came in number 39.

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Behind the scenes of the expanding new waterfront Perez Art Museum Miami in Museum Park. Museum Director Thom Collins takes us on a tour of the construction. 

The new Perez Art Museum Miami is scheduled to open to the public in fall 2013.

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The New York Times wonders if there's a new housing bubble growing in Miami, but according to Jonathan J. Miller, president of Miller Samuel: "Miami is redefining itself through luxury real estate, it's like it got rebranded."

What do you think?

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Our own Wynwood Art District in Miami was nominated the 6th most stylish neighborhood in the world.

Any thoughts?

Part of Miami's Wynwood neighborhood, the arts district is home to over 70 galleries, museums and art collections. It was founded in 2003, and every second Saturday, the community hosts an Art Walk, where showrooms open their doors for the public's enjoyment. There are private art collections such as the Rubell Family Collection and World Class Boxing, or the Fredric Snitzer Gallery to see the work of elite local artists. The fashion district spans five blocks and though it's been around for over two decades, it has been rejuvenated by merchants who aimed to make the area as similar to New York and Los Angeles as possible. Wynwood also has the Wynwood Walls, one of the largest outdoor murals exhibits in the world.

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Miami Real Estate inventory is down nearly 25% compared to the prior year quarter and there's a continuing demand from international buyers.

Average sales price and average price per square foot saw similar year-over-year gains of 16.7% and 18.2%. The median sales price year-to date was $190,000 and increased at a similar rate of 22.6%

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The Hong Kong developer’s planned Brickell CitiCentre will spend millions of dollars freezing the soil beneath the three-block complex to hold back ground water while it installs a rare underground parking garage in Miami’s downtown.

Read more here: http://www.miamiherald.com/2012/07/25/2912510/new-brickell-project-wants-a-low.html#storylink=cpy

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The Port, which is still under construction, begins its decent at Watson Island and emerges at the end of the Port's terminals.

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The Miami Housing Market 2nd Quarter Report is showing signs of remarkable recovery. According to Prudential Douglas Elliman's report: "The housing market in the coastal communities of Miami showed increase in non-distressed sales, sharp decline in inventory and robust demand from foreign buyers, specially those from Europe and South America."  

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If you're not familiar with Miami's "Golden Era", this film captures it brilliantly. Set in Clearwater, Florida (but shot in Miami) this film shows a golden-aged Miami, a city of dilapidated buildings and storefronts full of old people. It was the playground of retirees and eventually became God's waiting room.

Worth watching.

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View from Trump III, in the distance Bal Harbour, Miami Beach and downtown Miami. (Taken with instagram)

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Propiedad Embargada en The Mark on Brickell Dirección: 1155 Brickell Bay Dr Precio de Lista: $374,900 Dormitorios: 3 Baños: 2 Pies2: 1,510 Año Construído: 2001

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Oportunidad del día: Dirección: 221 Meridian Ave Precio de Lista: $199,000 Dormitorios: 1 Baños: 1 Pies2: 637 Año Construído: 1972

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Propiedad Embargada en Sunny Isles Dirección: 16699 Collins Ave Precio de Lista: $409,900 Dormitorios: 1 Baños: 1.5 Pies2: 1,000 Año Construído: 2007

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Propiedad / Apartamento embargado del día.

En el barrio de Midtown #Miami $199,500 1/1.5 972 sqft Construido año 2007

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