The Ultra Music Festival was a huge event for the city of Miami this year, drawing thousands of people from around the world. Ultra Music Festival was in its 15th year leg, and is proclaimed to be the most famous electronic music festival around. This year also marked the first two-weekend run, as previously the mega music fest promoted only one weekend of memorable performances and entertainment. Ultra Music Festival’s Economic Impact on Miami CBS Local reported that the event...Continue Reading!
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Many high-rise condos in Miami require as much as 30-40% down, but this may all change according to news reports that big names will sign contracts for as little as 3% down. 97% financing was a luxury that was only seen pre-recession days. At the tipping point of this loan policy is 4 Midtown in Downtown Miami. The tower according to the Miami Herald, is currently undergoing renovations and has initiated the program to jump start sales. This 97% financing program...Continue Reading!
You’ve got to think green in order to save some green. EWM Realty International’s Carlos Ruiz de Quevedo is serving as both Realtor and developer for two new, certified green speculative homes in Little Gables. These green spec homes will be the first of their kind in Miami-Dade County. A typical U.S. home uses approximately nine kilowatts per square foot of power per year, Ruiz de Quevedo told Miami Today News. But one of these green homes will only use about three...Continue Reading!
This graph represents the residential inventory in South Florida for the dates noted. The figures were compiled by Condo Vultures Realty using the South Florida Shared Multiple Listing Service.Continue Reading!
This week’s roundup of Miami pre-construction condos’ includes: Icon Bay – Construction at Icon Bay has finally begun according to Miami Curbed. The tower is the latest from Related Group Developers, and it will feature 300 units after its scheduled completion in 2015. The Miami luxury condo tower will be located at 462 NE 28th Street, Miami, FL. SLS Brickell – The SLS brand has become a cornerstone in NEW MIAMI – first with the SLS Hotel in South Beach, and now...Continue Reading!
The market is really picking up! We've had several new listings come on the market in just the past couple of weeks. Buyers are eager to buy and sellers are now taking advantage of increasing home values. Don't get left behind! Take advantage of market cycles such as the one we're in now! In our weekly print ads we have across several publications, we have featured many of these new listings that have just recently gone on the market. Contact us...Continue Reading!