Monthly Archives: April 2013

South Florida Miami home prices rose again in March

South Florida home prices continued a brisk march higher in March as eager buyers chased a dwindling supply of homes for sale, in most cases paying near the full asking price. The median price of a single-family home in Miami-Dade County soared 25.1 percent to $225,000 in March from $179,850 a year earlier, the Miami […]

March was a standout for South Florida hotels, new numbers show .

April showers might bring May flowers, but March brought gold to South Florida hoteliers. Thanks to last month’s confluence of big events, holidays and picture-perfect weather, hotels were more full at higher rates than they have been in years — if ever. “You won’t find anything better,” said Nicki Grossman, Broward’s tourism chief. “This past […]

Demand for South Florida property shrinks inventory and drives up prices

Waterfront properties are driving up sales prices in South Florida as inventory — from luxury to low-income — declines, according to first-quarter market reports released today by Douglas Elliman. The gain in Miami-area sales prices coincides with a sharp decline in inventory, particularly of distressed properties, which fell 24.7 percent since the same period a year ago, […]

New Yorkers real estate buyers choose Miami

Empires of the Sun When it comes to buying second homes, shoppers often flock together. Here is why Chicagoans are crossing Lake Michigan, California tech execs are hitting the beach in Tahoe and New Yorkers are heading south. Sillicon Valley execs flock to Lake Tahoe, New Yorkers head south to Miami in droves, and Harbor […]