Miami home sales fell a whopping 13% last month, as compared to May 2017 sales. Condo sales declined by 17.4% in May as compared to sales during the same period a year ago. There were 2,373 single-family home closings, and 1,143 condo closings. The good news is that luxury home sales (properties priced for $1 million and more) increased by 24.1% in May as compared to the same period in 2017. May saw 196 luxury home closings. Single-family Miami median home prices rose 7.7% in May, to $350,000, and Miami median condo prices climbed 8.9%, to $245,000 ..read more

Miami-Dade County will host a Star Island sheriff's sale on the personal property previously owned by South Beach playboy Thomas Kramer. Members of the public can bid on a collection of his personal property, which will be sold as one package. Carl Juste Miami Herald Staff ..read more

photo courtesy Miami Herald As almost everyone knows by now, there is such a thing as climate change, and we are experiencing it. No one knows exactly why luxury homes and condos sales have slowed substantially, but sellers in Miami know that with fewer Europeans buying luxury properties these days, and climate change affecting everyone, the real estate market is heavily in favor of buyers. People read the news and they watch TV, and today there are storms all over the Miami area. Below is a Miami Herald video clip of what it looks like in Miami Beach, home of some of the highes ..read more

U.S. existing home sales fell for a fifth straight month in June to the lowest level in two years as record-high prices and fast-rising interest rates make buying a home too expensive. Click to see the video ..read more

Ivanka Trump and her husband Jared Kushner have apparently been denied access to the exclusive, world famous Indian Creek Country Club, where they just bought an empty lot for $30 million. According to Vanity Fair, a source explained to the outlet on Wednesday, “You have to be nominated and make a formal application (to Indian Creek). But it only takes one member to object against any new member, and many members are objecting, particularly after the events at the Capitol on January 6.” They added, “The Indian Creek Country Club members are very picky and the word is that Javanka need not appl ..read more

Sunny Isles Beach is home to some very pricey luxury condos, and the penthouse in the Porsche Design Tower, located at 18555 Collins Ave, just sold for a whopping $25 million.  The property was advertised as South Florida’s most spectacular penthouse residence. The penthouse occupies the top four stories of the tower, beginning on the 56th floor. The luxury home boasts almost 20,000 square feet of living space, along with 11 "sky garages", and two private pools ..read more

Tom Brady and Gisele Bündchen recently purchased the property located at 26 Indian Creek Island Road, on America's richest street, for $17,000,000. Jared Kushner and Ivanka Trump bought the lot at 7 Indian Creek, which is one of 4 lots owned by Julio Iglesias. Kushner closed on the 80,000 square feet Indian Creek Island lot (1.8 acres) for $30,000,000 in November. Video clip below ..read more

This highly desirable luxury Southeast corner apartment features high end designer furnishings and finishes, elegant lightingfixtures and motorized window treatments. The luxury condominium boasts beautiful direct oceanfront views in a flow through layout, allowing for amazing sunset views. The home has 3 bedrooms and a family room (or convertible 4th bedroom), 4 bathrooms, and 2 very large living areas. Acqualina is a Forbes/AAA 5-Star/5-Diamond property. Enjoy white-glove services and amenities, world-class dining at the property's many on-location restaurants, includ ..read more

The following is a reprint of an article from Miami Today with important information about real estate market conditions in the third and fourth quarters of 2020 -- Housing market shift a microcosm of what Miami can expect Written by Michael Lewis on August 18, 2020 If you knew the rules of Miami-Dade’s housing market New Year’s Day you’d have to rewrite the rulebook this summer. Not everything has changed, but truisms are being tested, bent and broken. Buyers, sellers, realtors and economists all must revamp assumptions on the fly. That’s true not only of real estate. Shoved ..read more

People who follow the real estate market in Miami know that sales and property prices have fallen substantially in 2016, but contrary to some popular opinions, Miami is still a great buy. According to the 2016 Knight Frank wealth report this is how much $1,000,000 will buy you in five of the world's great international cities: In Monaco $1,000,000 will buy approximately 183 square feet of living space. In New York $1,000,000 will buy approximately 290 square feet of living space. In Paris $1,000,000 will buy approximately 613 square feet of living space. In Los Angeles $1,000,000 will ..read more