From record-setting market numbers to new community developments, South Florida Agent magazine’s local coverage tracked all the breaking news. Check out the hometown stories which most interested our South Florida readers.
No. 10: Why the Treasure Coast housing market is booming
Home values on the Treasure Coast — St. Lucie County, Indian River County and Martin County — are booming. This surge is caused by new growth in the area economy including an influx of new companies plus out-of-state residents moving to the area.
No. 9: Five Florida towns make list of top 20 most affordable places to retire
Home prices, taxes, health care, climate. These are all important considerations when deciding where to retire. To help with the decision, 55places.com put all the factors together and came up with a top 20 list.
No. 8: Waldorf Astoria Residences Miami hits the market with construction in 2022
Sales have begun for the 100-story tower Waldorf Astoria Residences Miami, 300 Biscayne Boulevard, according to a press release from developer PMG.
No. 7: $20.5 million penthouse sale marks highest-priced condo sale in Bal Harbour
Located at 10201 Collins Ave PH #2802, the penthouse offers a unique 5,000-square-foot private rooftop facing east and west, which features a swimming pool, an outdoor kitchen, multiple lounge areas and more.
No. 6: Miami rental and sales prices exploding
The dramatic rise in rent that’s come to define 2021 accelerated in July, with Zumper’s National Rent Index rising 7% year over year for one-bedroom apartments and a staggering 8.7% for two-bedroom apartments.
No. 5: Guaranteed Rate CEO Victor Ciardelli spends record $37.5M on Miami Beach home
Miami Beach’s exclusive Altos Del Mar neighborhood just got a new resident, Guaranteed Rate CEO Victor Ciardelli, who spent a record $37.5 million on the home and adjacent lot.
No. 4: Sellers call the shots in Florida’s overvalued housing market
Florida homes are selling for more than 17% above their long-term pricing trend according to professors at Florida Atlantic University and Florida International University.
No. 3: Florida Realtors press for more spending on affordable housing
Florida Realtors has begun to advocate for using state and local government housing trust funds for the use it was originally intended, to provide affordable housing.
No. 2: 12 Florida master-planned communities make top 50 list as sales thrive during pandemic
The John Burns Real Estate Consulting team recently recognized the nation’s top 50 master-planned communities, all which sold at least 437 new homes per community during 2020 — the highest in the company’s 10-year survey history.
No. 1: La Costa evacuated, and Mast Capital buys with plans to demolish
Mast Capital acquired a majority of the units at La Costa on Miami Beach for more than $100 million in May before the order to evacuate the unsafe structure.