MIAMI Realtors Enhance South Florida’s Global Exposure at MIPIM
MIAMI — The MIAMI Association of Realtors (MIAMI) will once again have an expanded presence at the world’s largest commercial real estate event, MIPIM, from March 11-14 in Cannes, France. MIAMI’s major presence at this elite event creates global business opportunities for members and enhances South Florida’s global exposure. MIAMI will again have its […]
Cash Buyers Account for 75% of Southeast Florida’s Vacation Home Sales
By Gay Cororaton, MIAMI REALTORS Chief Economist Key takeaways: Miami Beach is the second largest vacation home market in the United States and is the largest vacation home market in Southeast Florida. In 2024, the dollar sales volume in the 25 Southeast Florida vacation home markets rose 7% as the median sale price […]
Cash Buyers Account for 75% of Southeast Florida’s Vacation Home Sales
By Gay Cororaton, MIAMI REALTORS Chief Economist Key takeaways: Miami Beach is the second largest vacation home market in the United States and is the largest vacation home market in Southeast Florida. In 2024, the dollar sales volume in the 25 Southeast Florida vacation home markets rose 7% as the median sale price […]
Germany Takes Over as New Top Country Searching Miami Real Estate
MIAMI — Germany registered the most global web searches for South Florida real estate in January 2025, according to a new report by the MIAMI Association of REALTORS® (MIAMI). Colombia has now finished in the top two countries searching Miami real estate in each of the last 34 months (nearly three years). “Miami perennially […]
Homesteaded South Florida Homeowners Received $5,000 in Tax Savings in 2024
By Gay Cororaton, MIAMI REALTORS Chief Economist Key takeaways Florida’s homestead law enables a homeowner who uses the property as a primary residence to apply for a homestead real property tax exemption and to avail of the Save our Homes (SOH) assessment limitation and the portability of the SOH assessment benefit when […]
Perfume mogul Jean Madar puts 1 of 6 mansions on market for $55M
The waterfront mansion, located at 1007 Links Drive in Miami, is the first of 6 luxury spec mansions that he and his brother, Alain Madar, are bringing to the market The post Perfume mogul Jean Madar puts 1 of 6 mansions on market for $55M appeared first on MIAMI REALTORS®.
Miami-Dade Condominium Sales Prices Rise for 5th Consecutive Month
By Gay Cororaton, MIAMI REALTORS Chief Economist Key takeaways: Miami-Dade County’s condominium median sales price rose for the 5th consecutive month to 2.3% in January 2025 The median condominium sales price rose in 69% of Miami-Dade markets , including the city of Miami and Miami Beach. Prices have increased due to the higher […]
Colombia Again No. 1 Country Searching Miami Real Estate
MIAMI — Colombia again registered the most global web searches for South Florida real estate in December 2024, according to a new report by the MIAMI Association of REALTORS® (MIAMI). Colombia has now finished in the top two countries searching Miami real estate in each of the last 33 months (nearly three years). “Miami […]
Southeast Florida’s Spring Market is More Favorable for Buyers with More Housing Supply
By Gay Cororaton, MIAMI REALTORS Chief Economist Key takeaways: Active inventory for single-family homes is at 5 to 6 months’ supply in the Tri-County area, reflecting a healthy balance of demand and supply. Sellers are more willing to offer discounts, typically at 5% to 6%, in the Tri-County area. Despite the buildup in […]
Miami-Dade County’s Job Growth in 2024 Q3 Outpaced the US and the 10 Largest Counties
By Gay Cororaton, MIAMI REALTORS Chief Economist Miami-Dade County led the largest 10 counties in terms of employment growth in 2024 Q3, with employment up 1.7% nationally, surpassing the national rate of 0.8%, according to the latest US Census Bureau’s Quarterly Census of Employment and Wages statistics. [1] Miami-Dade’s County employment growth is […]