A beautiful, oceanfront penthouse in the Oceana Bal Harbour complex has closed for $20.5 million, marking the highest-priced sale for a condo unit in Bal Harbour since 2014.

Monaco Yacht Club & Residences has announced that Belinda Andretti has joined their sales team.

May showed the momentum keeps building in the South Florida housing market with rising prices and shorter times from listing to contract.

A small single-family house stands in the middle of a huge construction project in Coral Gables. The $600 million commercial development is the largest in the city’s history.

As the South Florida economy rebounds, the real estate market squeezes out local residents with out-of-town buyers and an ‘on fire’ luxury segment.

Only six of the country’s top-50 largest markets saw inventory fall from April and new inventory has trended up since mid-March.

The typical increase in home sales as summer approaches failed to materialize nationwide last month, with average sales dropping 0.2% from April to May, but month-over-month sales in Miami dipped even further, declining 14.7%, according to the RE/MAX May National Housing Report.

The Jills Zeder Group of Coldwell Banker Realty earned the No. 1 ranking on the 2021 REAL Trends, The Thousand list, for large teams in the US.

Florida is the 14th-best state to live in the country, according to WalletHub’s 2021 Best States to Live In list. 

Although pending home sales are up 29% from last year, they are starting to slow down, dropping 9.7% from their peak four weeks ago.

CoreLogic says the boost in equity will help stave off foreclosures, but the share of homes underwater in the metro Miami area was at 5.5% at the end of the first quarter of 2021, outpacing the national rate of 2.6%.

Real estate agents can pivot because of the market inventory shortage by bringing clients to rental properties. Cortland Deerfield Station has just been sold and according to the sales office, real estate agents can earn a commission by bringing potential renters to the property.

Experts at Builder Magazine recently came out with their Local Leaders list for 2020, which ranks the country’s 50 largest new-home markets based on closings by the end of the year.

Soleste Grand Central has launched leasing sales and is scheduled to complete development by the end of 2021.

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. Beware of bidding wars as home price correction looms.

Rising property values had homeowners cashing out of their existing residences to buy bigger homes in less-expensive areas last year.