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Aerial photo of South Pointe beach, with ocean and luxury convos in the backdrop

September 2020 Single Family Home Real Estate Report

The Miami Single Family Market is robust! All the numbers are way up except for inventory. The median time to go under contract is 32 days and median reduction from the original list price is a mere 3% and sales over $1million are up 76.7%. The condo market is showing signs of improvement but is still a Buyer’s Market. New pending sales are up over 30% with closed sales up 6.3% and dollar volume up 26.3% indicating the buyers are buying more expensive units. Sales over $1million were up 34.9%…

Aerial photo of South Pointe beach, with ocean and luxury convos in the backdrop

September 2020 Condo Real Estate Report

The Miami Single Family Market is robust! All the numbers are way up except for inventory. The median time to go under contract is 32 days and median reduction from the original list price is a mere 3% and sales over $1million are up 76.7%. The condo market is showing signs of improvement but is still a Buyer’s Market. New pending sales are up over 30% with closed sales up 6.3% and dollar volume up 26.3% indicating the buyers are buying more expensive units. Sales over $1million were up 34.9%…

3D rendering sample of a terrace at Turnberry Ocean Club condo.

Important Things Buyers Should Consider In Miami

Buying real estate in Miami is a process that requires preparation, in order to make the best of your time and money. We want to make sure buyers consider these important things before buying in Miami. This includes several steps: Know why you are buying. Is it for a primary residence, second home or as an investment to rent out, hold and sell in the future? We would be happy to discuss these options with you. Get familiar with properties that would work for you. Neighborhoods, values, rental rates (if…

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