Miami Real Estate Prices Still Rising

In January, sales prices in Miami continued to rise, with condominiums and single-family homes selling for close to their listing price, according to an article in Propertywire. In January, the median sales price for an existing single family home increased by 13.7% year-on-year, rising from $237,500 to $270,000, based on figures from the Miami Association

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Family Home Sales in Miami Set New Annual Record

Sales of homes in Miami increased again last month and sales of single family homes set an all-time annual record last year with median sales prices continuing to increased moderately, according to an article in Propertywire. The latest figures show that total sales of single family homes for last year set a new record, increasing

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All Cash Sales Slowing Down in the US

The total number of all cash sales in the United States accounted for 34.8% of home transactions in September this year, down from 37.2% a year earlier according to data from Core Logic. The percentages of all cash sales has consistently fallen each month since January last year, and September marked the 21st consecutive month

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Demand for New Miami Homes Affecting Existing Homes Market

Last month the demand for new property in Miami continued to affect at the market for existing homes. According to a report from the Miami Association of Realtors, this was reflected in rising inventory, sales activity and prices. In August sale prices rose for existing family homes, while the median sales price for condominiums dropped

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Miami Real Estate Market Continued Growing to End of 2013

Latest figures show the real estate market in Miami continued to strengthen as last year drew to a close, due to continued demand that resulted in double-digit price growth. According to data from the Miami Association of Realtors, the median sales price for a property in Miami-Dade County was $235,000, up 18.1% compared to the

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Onyx on the Bay Lists Four Penthouses

Onyx on the Bay in Miami has just listed four new penthouses starting from just $615,000 each, at a time when Miami penthouses are fetching multimillion dollar prices.

Half of US Homes are Underwater on Mortgages

A new study has revealed that an incredible 50% of all homes in the US are now officially “underwater”, which means that more is owed on the properties than what they’re actually worth.

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