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Miami Real Estate Market Focus

Miami Real Estate Market Focus

Miami-Dade Stats – August 2012

Miami-Dade Stats - August 2012We see year over year increases in closed sales, median sales price and average sales price for both single family homes and condos.  Current inventory and distressed sales are both down as compared to this same time last year.

** stats provided by the MIAMI Association of REALTORS. Copyright MIAMI, reprinted with permission.

I hope you find this information useful.  Please contact me for all your South Florida real estate needs at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

Miami’s Luxury Condo Market Surges

Miami’s Luxury Condo Market SurgesThe Setai Resort & Residences

Foreign buyers acquired more $1 million condos in 2011 than in the last year of the South Florida real estate boom in 2006, according to analysis of data from the Southeast Florida Multiple Listing Service Database.

Buyers purchased nearly 590 condos for at least $1 million each in 2011 after acquiring less than 500 high-priced units in 2006.

The 2011 luxury condo resale activity represents a 29% increase from 2010 when fewer than 460 units were purchased for at least $1 million each in Miami.

At the top of the list for the most expensive condo resale in the year 2011 is a penthouse in the Setai Resort & Residences in Miami Beach that sold for $21.5 million.  Buyers also paid $11.5 million for a penthouse in the Apogee condominium and $10.6 million for a high-floor unit in the Continuum On South Beach.

Nearly 20 ultra-luxury condominium units are on the resale market for at least $10 million each with one unit asking $38 million in Bal Harbour.

At least 5 new luxury condo towers are planned or under construction in Miami-Dade County where the proposed sales prices are expected to exceed $1 million each.

For more information on South Florida real estate please contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

Condo Prices for Aventura, FL vs. Miami-Dade County

Condo Prices for Aventura, FL vs. Miami-Dade County

Medium Chart

Medium Chart

Written by Michael Solovay | Discussion: No Comments »

EWM Realtors is #1 Realtor in Miami-Dade County

EWM Realtors is #1 Realtor in Miami-Dade County For The Number of Luxury Homes & Condos  Sold in 2010Christie's

Esslinger Wooten Maxwell (EWM) Realtors has been the exclusive South Florida affiliate of Christie’s Great Estates (a one-of-a-kind, Christie’s owned international network of top-tier real estate brokerages throughout the world) for the past decade.  This affiliation has been the foundation for the sale of many of South Florida’s finest estates.  This relationship has been an integral part of EWM’s market leadership in South Florida residences valued greater than $1 million.  This has made EWM the number one real estate brokerage firm in Miami-Dade County for the number of luxury homes and condominiums sold.

EWM is involved in the sale of a luxury home or condo valued more than $1 million every 36 hours, 365 days of the year.

This information was compiled by data supplied by the:

  • Realtor Association of Miami-Dade County
  • Realtor Association of Greater Miami & the Beaches
  • Northwestern Dade Association of Realtors
  • Realtor Association of Greater Fort Lauderdale, or their MLS’s

for the period of May, June and July 2010.

EWM Realtors vs Competitors

EWM Realtors also holds the #1 ranking for the year 2009 in the same category.

Why not work with the best?

Contact me today at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

Do You Need A Tax Break?

No Sales Tax On Tax Day

Income Tax FormFour restaurants in Miami-Dade County will pay the sales-tax on their customer’s bill on tax day, April 15, 2009.  The four restaurants are:

These restaurants want you to feel better even on a day when you have to pay your federal income tax.  Enjoy a good meal and save the sales-tax.  Sounds like a nice offer to me.

For more information please contact me at [email protected]

Written by Michael Solovay | Discussion: 1 Comment »

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