Real estate news in South Florida
The new executive joins RentPath from ParkMobile, which provides an app to help drivers pay for metered parking remotely.
Dawn Pfaff, founder and president of My State MLS, headquartered in Jupiter, Florida, has been selected as a winner of the GlobeSt. Real Estate Forum’s 2021 Woman of Influence award, within the Innovator category.
Redfin reports that in 2021, 30% of home purchases nationwide have been cash deals. A recent article in Housing Wire reported “Cash buyers are scooping up homes like mad.” That number is even higher in South Florida. West Palm Beach tops the list – 52.6% of the metro area’s home sales in 2021 have been in cash.
As population booms with transplants to Florida, real estate prices are skyrocketing for rentals and sales.
Condo sales in Miami-Dade County remain strong, with record increases, after the collapse of the Champlain Towers South in Surfside, the Miami Realtors Association said in a statement.
“Aman’s branded residences are completely standout, and I have long admired the brand’s approach to design, service and the amenities offered to its owners. I am delighted to be joining the team.”
Florida’s housing market in June continued the same trends as previous months with more closed sales, higher median prices and more new listings compared to a year ago, according to Florida Realtors’ latest housing data.
ZOM Living expands its management team with Matt Adler, bringing over 20 years of investment management and real estate development experience.
Florida homes keep fetching more money than they’re worth, a disturbing development that eventually could put buyers in a bind, according to researchers at Florida Atlantic University and Florida International University.
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. They plan to build a luxury tower on the site of the oceanfront condo building that was ordered evacuated by the city.