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  2. Miami Real Estate Continues Growing

Miami Real Estate Continues Growing

A2000880_1The Miami Luxury Real Estate had an excellent first quarter of 2015 with an increasing demand from domestic and international buyers. The report made by the Miami Association of Realtors exposed that Miami-Dade County has now seen thirteen consecutive quarters of prices growth for single-family homes and condominiums.

The President of the Miami Association of Realtors, Christopher Zoller, explained “Miami’s recent emerge as a cultural and art destination as well as its budding technological hub and world-class amenities are attracting more international and domestic buyers.”

Miami saw an increased sales price for single-family to $250,000, an 8.7 percent jump compared to the same period from 2014. Also the condominiums increased as well to $196,500, and 4.8 percent more than last first quarter of 2014. In the rest of the country this numbers were not as good, showing that the market in Miami is getting better.

The market in Miami grows 2.7 percent with 6,931 total residential sales in the first quarter of 2014, also a 1.7 percent increase in new listings for single-family homes, and 0.7 percent for condominiums. For $1 million-plus homes, the median sales saw a 2.3 percent rise, with 94 median days on the market. Cash sales represented 49.6 percent of all closed sales in the first quarter of this year.

If you want to be part of the growing Miami Real Estate by owning a Miami Luxury Condo, contact Ceiliah Epner 786-479-5503 or Ceiliah@ceiliah.com

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  2. South Florida Luxury Real Estate Enters Golden Age

South Florida Luxury Real Estate Enters Golden Age

miami luxury real estateMiami Luxury Real Estate has long captivated homebuyers and investors from across the world, going all the way back over a century. But since the turn of the 21st century, and through the recession, this coveted market remains enduring and alluring.

In fact, it has never been a better time for the luxury property market. Across the country, and especially in global lifestyle hubs like South Florida, the threshold for lavish and luxurious accommodations continues to grow, as more and more properties push the limits of comfort and design brilliance like never before.

As The Associated Press recently reported, a strengthening U.S. dollar is precipitating this growing demand for luxury real estate, with the world’s rich and famous increasingly putting down as much as nine figures to acquire the best in residential living.

Last year saw five homes around the world selling for over $100 million, with a record 18 being listed at that level. The world also added 200 new billionaires, raising the number to over 1,600 (most of whom live in the U.S., China, and Russia).

Miami is well poised to appeal to this expanding demand for luxury homes. It hosts many of the country’s wealthiest communities, such as Indian Creek and Fisher Island, and has long been a haven of choice for celebrities, executives, and other high net worth individuals, owing to the vibrant lifestyle, gorgeous climate, and endless selection of lavish residences.

From palatial penthouses to exquisite waterfront estates, it is pretty clear that South Florida offers incredible opportunities for those who seek the biggest and greatest offerings in luxury real estate. As our name makes clear, SFL Luxury Realty is the leading specialist in all things South Florida luxury real estate.

Whether you are a buyer, seller, renter, or investor, we can help you find the best Miami Florida Real Estate Listings on the market. Contact 305.741.0407 or email admin@sflluxuryrealty.com.

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  2. South Florida Becomes a Magnet for New Yorkers

South Florida Becomes a Magnet for New Yorkers

new york and miamiMiami and its many colorful neighbors across South Florida have long been alluring to people from across the nation and the world. From the 1920s land boom to the ritzy days of the 1950s and 1960s, Miami Luxury Real Estate has offered something for every lifestyle.

The latest wave of investors, visitors, and homebuyers falling in love with Miami are coming from New York. A record number of Big Apple residents are flocking in droves, purchasing or renting a wide variety of condos, mansions, penthouses, and estates.

Moreover, New Yorkers are making up a large and growing proportion of investors involved in South Florida’s numerous big pre-construction projects, including the likes of Lloyd Blankfein and Leon Black.

What explains these growing and rewarding ties between the two cities? Gotham Magazine parses this trend and what it means for Miami’s world-class real estate.

In fact, both Miami and New York have changed, say the billionaires who travel between the two cities and have feet in both camps. The fact that these transformations have occurred almost simultaneously explains why Miami is beginning to exert such a magnetic attraction on a certain breed of New Yorker: ultra-affluent, ultra-mobile financiers, business titans, and creative minds who insist on living in a global city, but are considering the tax benefits of having an additional residence in Florida. New York has become a more challenging place to live: Taxes are becoming more burdensome, and wealthy residents are particularly worried that the city’s new mayor, who came into office declaring, “It’s time to ask the wealthy to do a little more,” will propose policies that would shift the tax burden in their direction. And yes, there are those blizzards—Mother Nature hasn’t done Gotham any favors in the last three years.

Miami, in contrast, glitters all the more brightly. There’s the weather, which may become oppressively hot and humid from July through September, but is a delight in the autumn, winter, and spring. You’re a pro sports fan and worried you’ll miss the Yankees, the Mets, the Nets, the Rangers? Well, what’s not to like about the Miami Heat? The Dolphins? The Marlins? If you’re a culture vulture, the Adrienne Arsht Center (which opened its doors in 2006) is the place to go to hear the exciting (and world-acclaimed) New World Symphony. Art Basel Miami is one of a handful of art-fair destinations that no collector would dare miss, bringing the who’s who of contemporary art from around the world to the city in December.

In short, New Yorkers are drawn the region for much the same reason so many others around the world are: the year-round warmth and sunshine, the rich cultural and commercial offerings, the pristine environment and beaches, and the low tax, business-friendly environment.

It is no surprise that local groups like Miami’s Downtown Development Authority (DDA) have sought to draw hedge fund managers and investors from New York City and the New England area. The area’s booming economy and premier status as the Gateway to Latin America make it attractive to all sorts of business interests.

The Magic City’s property market is hotter than ever, offering everything from sleek high-rises to elegant waterfront estates. SFL Luxury Realty keeps up with the latest trends, news, and developments in this vibrant market, tapping into our well developed local and international network. Be in the know about the many different communities and condos – old and upcoming – and all the different amenities they have to offer.

To make the most of this incredible city, Miami Real Estate Buyers, renters, or investors should contact SFL Luxury Realty at 305-741-0407 or admin@sflluxuryrealty.com.

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