Miami Beach Real Estate Blog

Miami Beach Real Estate Blog

Wednesday, March 06, 2013

Two reports were released this week regarding the increases in home prices across the nation. Core Logic released a report that said prices have risen by 9.7% in January, which is the highest it has been in 7 years, or since April 2006. Further, it is the 11 consecutive month of growth. Another 7 to love is the increases in home prices from December to January, which rose .7%. Anand Nallathambi released this statement to Inman News, "Home prices continued to gather steam across a broad swath of the country in January, continuing the positive trend we saw during most of 2012.Many states across the western U.S. and along the East Coast saw average price gains of more than 6 percent, which is likely to boost home sale activity into the first half of 2013."

The second report was released by Trulia.com and it reported that asking prices for homes were up in 90 out of 100 markets. The average asking price is up by, you guessed it, 7%. Trulia has 4.5 million homes listed for sale and for rent and this average is combined and adjusted seasonally. Much of this increase in the list prices of homes and increases in sale prices is due to the lack of inventory nationally. Jed Kolko, chief economist for Trulia.com, had this say regarding these numbers, "The inventory turnaround depends not only on how fast prices are rising today, but also whether prices have been rising long enough to encourage homeowners to sell and builders to build.” Across Miami there are over 80 new developments in the works and if you are looking to buy a new development, contact us for the latest in pre-construction information.

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Thursday, February 28, 2013
Fashion giant Hermes is the second major fashion house to open its’ doors in The Design District. Louis Vuitton opened in December and, jeweler, Cartier, opened late last year as well, and these brands represent a new version of this trendy area. The President and CEO of Hermes Paris released this statement regarding the opening, “Hermès is delighted to become a centerpiece of the rapidly expanding Miami Design District shopping district. We are confident in Craig Robin’s innovative vision of a dynamic new retail destination in South Florida. With Miami at the crossroads between North and South America, we see the development of the Design District as the focal point for a contemporary convergence between art, design and fashion reflecting the diverse, changing landscape of this exciting city.” Hermes is not the only designer taking notice of these new plans.
Prada, Celine, and Christian Louboutin also are in the neighborhood and Hermes and Cartier both relocated from their former locations in Bal Harbour. This transition comes at the announcement of a number of luxury developments have been announced in the Biscayne Corridor. The famed Related Group Developers announced Icon Bay which will be in walking distance from the Craig Robbins project, and the proximity to the Brickell area has many luxury carriers ready to make the move inward. This is excellent news for those looking to invest in condos and homes in the Biscayne Corridor and the property values surrounding the Design District are expected to rise. For more information on homes and condos in this area and for pre-construction prices for Icon Bay, contact us today.
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Wednesday, February 27, 2013
The Homestead Exemption applications in Miami Dade county are due March 1, and should be submitted to the Miami Dade Property Appraisers Office. To find out if you qualify in Miami Dade county go to the County Appraiser’s Office, http://www.miamidade.gov/pa. In Miami Dade the Homestead Exemption is $50,000 off the appraised value of your home, and the rest of the value of your home is taxed at the normal rate. Some of the new exemptions available are for low income seniors who resided in their home for over 25 years and spouses of deceased firemen or policemen.
Property tax exemptions are generally available to those who owe on their homes and have lived in their homes as primary residences and for over a certain period of time. Florida has comprehensive homestead exemptions and whether your home is multi-million dollars in the Venetian Islands or several hundred thousand on Alton Road, it is worth looking into this tax exemption. The exemptions on property originated in Spanish law and is widespread across the South. If your primary residence is in Miami Dade county, you could qualify for this exemption, file today!
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Friday, February 22, 2013
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This week’s featured listing is truly a sky home by every definition. Located in the incredible Apogee condominium complex residence 1003 is truly a site to behold. With 3 beds and 3 baths within 3103 square feet, it is customized down to the last detail and is listed on the market for $6.6 million. It has vast bay views and views of Fisher Island, and its’ balconies are 11 feet deep for your enjoyment of them! The tiling in the home is exquisite and it also features every modern fixture and convenience on the market. The kitchen is chef ready and the outdoor kitchen also is perfect for entertaining al fresco. This home is one of the best priced in Apogee and should not remain on the market long.
The Apogee has long held the coveted position as the top of the top of luxury developments in Miami Beach. It is located in the South of Fifth neighborhood at the very southern tip of South Beach and the neighborhood is both quiet and posh. The dining in South of Fifth is some of the best in Miami and some of the famous options include, Prime 112, Prime Italian, Milos, Fogo de Chau, and Monty’s on the Beach. The security of the Apogee is what one would expect to find at the pentagon with 24 hour valet and concierge service and private elevators and foyers. It has a top of the line fitness center and incredible bay side pool and dining. This is the ultimate condominium in Miami Beach, and if you are looking to purchase a residence, contact us today.
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Friday, February 22, 2013
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Paula Dean, Rachel Ray, Anthony Bourdain, Chef Morimoto, if any of these names have you salivating, this is the week to be in Miami. The Food Network brings their biggest name chefs to town during this week and the city is alive with flavor. Last week was the boat show, and this week another swarm of revelers are here with forks and adventurous palletes. The Miami Restaurant scene has increasingly become a revenue source and in Miami Beach there are new incredible restaurants opening all the time. With all of this movement and all of these visitors, we are eager to list homes. If you are thinking about listing your Miami condo or home, now could not be a better time. Contact us today for a complimentary market analysis and listing presentation. Eat Up Miami!
Saturday & Sunday
Feb 23-24
10:00am
$20
 
Saturday, Feb 23
11:30am
Trade
Saturday, Feb 23
7:00pm
$225
 
Sunday, Feb 24
11:00am
$225
Sunday, Feb 24
12:00pm
$85
 
Sunday, Feb 24
3:00pm
$85
Sunday, Feb 24
3:00pm
$85
 
Sunday, Feb 24
3:00pm
$125
Sunday, Feb 24
5:30pm
$150
 
Thursday, Feb 21
6:15pm
$400
Thursday, Feb 21
7:00pm
$300
 
Thursday, Feb 21
7:00pm
$200
Thursday, Feb 21
7:00pm
$250
 
Thursday, Feb 21
7:30pm
$185
Thursday, Feb 21
10:00pm
$100
 
Friday, Feb 22
4:00pm
$125
Friday, Feb 22
5:00pm
$95
 
Friday, Feb 22
5:30pm
$85
Friday, Feb 22
5:30pm
$125
 
Friday, Feb 22
6:45pm
$325
Friday, Feb 22
7:00pm
$250
 
Friday, Feb 22
7:00pm
$200
Friday, Feb 22
7:00pm
$200
 
Friday, Feb 22
7:00pm
$300
Friday, Feb 22
7:30pm
$225
 
Friday, Feb 22
7:30pm
$350
Friday, Feb 22
10:00pm
$95
 
Friday, Feb 22
10:00pm
$95
Saturday, Feb 23
10:00am
$150
 
Saturday, Feb 23
11:00am
$225
Saturday, Feb 23
11:00am
$85
 
Saturday, Feb 23
11:00am
$275
Saturday, Feb 23
12:00pm
$175
 
Saturday, Feb 23
12:00pm
$175
Saturday, Feb 23
12:00pm
$150
 
Saturday, Feb 23
12:00pm
$85
Saturday, Feb 23
1:00pm
$85
 
Saturday, Feb 23
1:15pm
$150
Saturday, Feb 23
2:00pm
$85
 
Saturday, Feb 23
2:45pm
$150
Saturday, Feb 23
3:00pm
$85
 
Saturday, Feb 23
4:00pm
$85
Saturday, Feb 23
5:00pm
$100
 
Saturday, Feb 23
7:00pm
$250
Saturday, Feb 23
7:00pm
$225
 
Saturday, Feb 23
7:00pm
$500
Saturday, Feb 23
7:00pm
$250
 
Saturday, Feb 23
7:00pm
$250
Saturday, Feb 23
7:00pm
$115
 
Saturday, Feb 23
10:00pm
$110
Sunday, Feb 24
10:30am
$30
 
Sunday, Feb 24
11:00am
$100
Sunday, Feb 24
11:00am
$125
 
Sunday, Feb 24
11:00am
$275
Sunday, Feb 24
11:30am
$150
 
Sunday, Feb 24
1:00pm
$85
Sunday, Feb 24
1:00pm
$150
 
Sunday, Feb 24
2:00pm
$85
Sunday, Feb 24
6:30pm
$95
 
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Tuesday, February 19, 2013
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650 West Avenue is one of the most convenient locations on South Beach. It is seconds away from the most trendy area, South of Fifth Neighborhood, and is within walking distance to Whole Foods, Publix, Best Buy, and a number of boutiques and restaurants on West Avenue. West Avenue runs parallel to Alton Road, Collins Ave, and Ocean Drive, however it is the road that lines the Biscayne Bay and all of the condominiums have incredible views of the Miami skyline, Star, Palm, and Hibiscus Island and the sunsets are some of the most incredible in the city. The Floridian’s location is unique because the residences between the Floridian and the Atlantic Ocean are within a zone that does not allow high rises, so the condos not facing the Biscayne Bay, face the Atlantic.
The Floridian is by no means an old building, as it was completed in 1995 and has undergone extensive renovations since with a modern new lobby, two swimming pools on the first and sixth floor, as well as a new convenience store and bar. The Floridian has 24 hour security and valet with covered and above ground parking. There are some incredible deals to be had at the Floridian now and the maintenance fees are generally under $1000 per month. Residences start at $330,000 for a 1/1 and go all the way up to, $725,000. The floorplans are diverse and are all spacious. For more information on owning in this premier building contact us today!
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