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Real estate news in Atlanta

Indigo Station apartments for rent, lease
Cortland Deerfield Station – A new name and good for agents, renters and investor

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.

Miami ranks 17th on top 50 new markets list based on 2020 closings

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 - Miami Opportunity Zone development sales leasing
First large-scale Downtown Miami Opportunity Zone development begins leasing

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

housing prices overvalued in Florida Ft. Lauderdale aerial single-family homes, condos, Intracoastal
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. Beware of bidding wars as home price correction looms.

Out-of-town movers reshuffling to larger, more affordable homes

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

Waldorf Astoria Downtown Miami
Condominium sales launched at Waldorf Astoria Hotel and Residences Miami

Condominium sales have launched for the 360 residences at the Waldorf Astoria Hotel & Residences Miami which will rise 100 stories with the shape of nine spiraling offset glass cubes. The estimated development cost for the project is $970 million with a completion date of 2025.

Sky Mansion at Continuum in South Beach Miami
Three unit ‘Sky Mansion’ condo at Continuum sells for $30 million

The 8,229-square-foot floor plan spans half of the 36th floor. The two-story windows show a 300-degree view of the ocean, Government Cut, Fisher Island and the Miami skyline. Balconies for each room have a garden setting and wrap around the property.

Thursday is the most popular day to list a home in Miami

With half of all homes in today’s market selling above the asking price, the timing of when to list can have an impact on both time on market and sale price.

South Florida home prices reach new highs in May

Home-price growth remained in double digits for the 10th straight month in May as inventory lows pushed the median listing prices up 15.2% from last year. But there’s good news for those looking for a home in this competitive

Florida Realtors: It’s a great time to be a real estate agent

It’s a seller’s market with single-family home sales, statewide in April, closing 33,264 homes and condo-townhouse sales totaling 17,330. Those year-over-year increases were 55.4% for single-family homes and 130.9% for condos.

Reach and Rise Residences at Brickell City Centre sells out

KAR Properties and Fortune International Group have bought the remaining 81-unit inventory.

Guaranteed Rate CEO Victor Ciardelli spends record $37.5M on Miami Beach home

Ciardelli was represented by Morgan Blittner with Brown Harris Stevens, and the sellers, Ivan and Moss Kadey, were represented by Ruthie and Ethan Assouline with The Assouline Team at Compass.

Bidding wars on Miami home purchases continue to surge

While the competition was not quite as strong across Miami, the 54.2% rate on offers this past April was a slight bump from the 52.8% rate in March, and a dramatic rise from the 30.6% rate from April 2020.

Miami rated 13th top emerging dog-friendly city

The survey showed that 86% of dog owners said dog-friendly features — such as having a dog door or access to a dog park — are a large part of their decision-making process, and 84% are willing to spend more for these features.

Miami’s multifamily market strengthens, rebounds from pandemic

Multifamily rents rose nationally in April indicating ongoing recovery from the pandemic, according to the latest Yardi Matrix Multifamily National Report.

April housing market sets records for sales and speed

The housing market hit records last month as home prices reached an all-time high and homes sold faster than ever. 

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