The median sales price in the first month of 2021 was up 11.8% from January 2020 to $285,000, nearly matching the record high of $290,000 set last August.

The purchase expands buyers’ primary residence to a total of 1.25 acres on Miami Beach.

This home has all the bells and whistles. It is a tropical modern estate with 7 beds, 7 baths and 7,994-sq. feet of interior space and a 37,461 sq. foot gated lot.

This German Catholic church and adjoining schoolhouse, built in the late 19th century, has been converted to a B&B, event hall and duplex — it even comes with its own fully functioning restaurant.

Brickell is fast becoming the most popular area for condo sales in the Miami area.

In Miami, 43.7% of Redfin offers faced bidding wars in January compared to 37.5% in December 2020.

After declining for years, the size of new single-family homes has begun to level off as consumers spend more time at home, a National Association of Home Builders analysis found.

NAR put together its “Snapshot of Race and Home Buying in America” report to study the hurdles that persistently block minorities from owning homes.

The study dispels a long-held belief that nearby homes lose value once low-income housing is built in an area.

“In the final months of 2020, single-family rents posted the highest increases in over four years,” said Molly Boesel, principal economist at CoreLogic. “However, single-family rent price reaction to the pandemic and resulting recession differed greatly across metros.”

Compass agents Chuck and Katy Luciano had the listing, while Compass agent Michael Weppner represented the buyer.

The top reason why long-time searchers have not purchased a home is because 40% say they were outbid.

The report added that vacation homes and affordable homes in small towns near major urban centers were in strong demand as a result of the pandemic.

Buyers want amenities such as increased privacy, curated services and features such as private elevator entries and foyers that help limit interactions.

Coldwell Banker’s The Jills Zeder Group represents seller and buyer in closing of a waterfront residence at Fisher Island’s Palazzo Del Sol.

What are the best U.S. cities for retirees? A new report from 55places.com names the top 20, and five of them are in Florida.