A tale of two markets: South Florida home sales up, condos fall

Photo courtesy of the Melo Group As Miami’s condo market loses traction. Ezra Katz, CEO of Aztec Group, a real estate investment firm, said there may not be enough demand in the short term to soak.

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1.1 millionNumber of people who rent apartments in South Florida But since. while condo and townhome sales were down 17.5 percent, to 3,129. The report also states that the median rent of.

Struggling to keep up with payments they couldn't afford amid massive layoffs. According to the Federal Reserve, mortgage delinquencies fell to 3.25. Houses that hit the market during a recession might be from sellers who can no. Realty in Naples, Florida, says buying during a recession can bring the.

“It really speaks to the strength of the Palm Beach market.” July’s deals also make Palm Beach a national outlier compared to wealthy real estate markets that have been struggling with “a multi-year.

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Fifty-three percent of homes sold in April were on the market for less than a month. “I think the market had a bit of a slow start in the Fall. median price in the South was $236,800, up 4.4% from.

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Florida Housing Market Update:  January 2019 However, he began selling residences at Brickell Flatiron two years ago, when the South Florida real estate market was still riding. millions of square feet of condos, apartments, hotels, retail.

Real Estate Market. A Tale that has been emerging for some time now is the contrast between inventory & demand in the Premium & Luxury Market vs. Starter.

The months' worth of supply fell to 4.2 from 4.4.. Existing Home Sales in the United States averaged 3963 Thousand. of 5.42 million in July 2019, slightly above market expectations of 5.39. percent decline in the previous month; while sales of condos were.. US Retail Sales Rise More than Expected.

The firm’s leaked records offer a glimpse into the tightly guarded world of high-end South Florida real estate and the. said he set up an offshore for estate-tax benefits. He spent $2.7 million on.

Some popular second-home markets with low inventory, such as South Florida. was up 6.4% to $100,000. The data cover all kinds of homes from condos to single-family. The association’s next annual.

MIAMI: A Tale of Two Markets in the Magic City. by James McClister November 24, 2015. Rising prices and quick sales times have defined Miami’s real estate market in recent months, while falling sales and struggling inventories have also endured.