Monthly Archives: August 2010

Karl Case: Housing Market Begining to Stabilize

As reported by Bloomberg, in a recent news interview with Tom Keene, Karl Case, of the S&P Case-Shiller index, is seeing “a lot of positive stuff” in the latest housing statistics. He says that although we may see a “little” … Continue reading

Share
Posted in General Economic, Real Estate, Statistics | Tagged , , | Leave a comment

Bloomberg: Betty Liu Interviews Jorge Perez

On August 24th in Miami, Bloomberg News correspondent Betty Liu interviewed Jorge Perez, the CEO of The Related Group, one of Florida’s largest luxury condo developers. Perez offered a candid perspective on how he dealt with the housing crisis in … Continue reading

Share
Posted in Miami Real Estate, Real Estate, Videos | Tagged , , , , | Leave a comment

South Beach Art Deco Closed Sales Report August 26, 2010

We have provided a report of some recent closed sales of condos in art deco buildings in South Beach that occurred in the past 60 days. These are a unique type of property in that they are charming in style … Continue reading

Share
Posted in Miami Real Estate, Real Estate, South Beach, Statistics, Statistics | Tagged , , , | Leave a comment

Florida Home Sales Beats the Average

As the national headlines are broadcasting the dismal July home sales report which was 25% lower than July 2009, Florida came out a better with only a 14% decrease in sales in comparison to the same period last year according … Continue reading

Share
Posted in General Economic, Real Estate, Statistics | Tagged , , , | Leave a comment

National Homes Sales Volume Weaker after Loss of Tax Credit

NAR released the the monthly sales figures for previously owned homes which showed a very significant drop of 27% from the prior month June and a 25% drop from July 2009. We are still feeling the after effects from the … Continue reading

Share
Posted in General Economic, Real Estate, Statistics | Tagged , , , | Leave a comment

Miss Yip to Expand into Downtown

Miss Yip restaurant on Lincoln Road will add another location on 9th ST and Biscayne Blvd in the ground floor retail located under the ultra luxury high rise, 900 Biscayne. Miss Yip will be a welcome addition to the area … Continue reading

Share
Posted in Downtown, Real Estate | Tagged , , | Leave a comment

More Buzz on the Design District

The Miami Herald posts another news piece on the transformation of the Design District in its business section. The article mentions how the area was an international destination for furniture design but has now turned ultra chic with its plethora … Continue reading

Share
Posted in Midtown, Real Estate | Tagged , | Leave a comment

Midtown Miami Area Closed Sales Report: 8/22/2010

As part of our effort to provide helpful real estate statistics and research to specific areas in Miami, Rounick Real Estate, LLC. has conducted a search of all the closed sales on the Multiple Listing Service in the Midtown Miami … Continue reading

Share
Posted in Midtown, Real Estate, Statistics | Tagged , , | 1 Comment

Miami Dade Unemployment Woes

The latest news on unemployment are a reminder of how bad things have gotten in this economy and how hard Miami has been hit. The July tally stands at 12.3% which is up slightly from June figure of 12.2% and … Continue reading

Share
Posted in Downtown, General Economic | Tagged , | 2 Comments

Redefining Midtown Miami

What a difference a year makes. Midtown Miami is now just starting to catch fire in the social consciousness as a go to and explore area as evidenced by the numerous recent news articles covering some aspect of the area. … Continue reading

Share
Posted in Midtown | Tagged | Leave a comment

Royal Palm Hotel sells for $128,000,000

This latest bit commercial real estate news is welcome news for South Beach hoteliers and other property owners because of the relatively high price of $308k per room. The sale was conducted through a foreclosure auction. The sale price was … Continue reading

Share
Posted in Real Estate, South Beach | Tagged , , | Leave a comment

Warren Buffett Move is Positive for Miami Real Estate

As reported by Bloomberg, the Oracle of Omaha has significantly reduced the duration of his company’s long term bond holdings. What does that mean? It means that he is increasingly concerned about inflation rising in the future due very high … Continue reading

Share
Posted in General Economic, Real Estate | Tagged , , , , | Leave a comment

President of EWM comments on Improving Sales in Miami

This video is a Miami Herald interview with the president of Esslinger-Wooten-Maxwell concerning the continued improvement in sales volume and other factors for residential real estate in Miami.

Share
Posted in Downtown, Midtown, Real Estate, South Beach, Videos | Tagged , , , | Leave a comment

Miami residential inventory declining and sales quickening

The following graph by Altos Research confirms news of continued healing in the Miami real estate market in recent months:

Share
Posted in Downtown, Midtown, Real Estate, South Beach, Statistics | Tagged , , | Leave a comment

Wynwood / Edgewater Residential Real Estate Statistics

Trulia provides and interesting comparison of the submarket, Wynwood / Edgewater vs Miami in the following graphs. They show that Wynwood / Edgewater has trended better than greater Miami over the past 10 years. I believe this trend will continue.

Share
Posted in Midtown, Real Estate, Statistics | Tagged , , , , | Leave a comment

New study suggests vastly improving residential market in downtown Miami

A new real estate study by Goodkin Consulting and Focus Real Estate Advisors released in the end of July by the DDA points to a downtown residential real estate market that is improving on nearly all fronts. This is welcome … Continue reading

Share
Posted in Downtown, Midtown, Real Estate, Statistics | Tagged , , , | Leave a comment

Miami to get a mini Times Square: Miami City Square

It looks like all the pieces are falling into place for the mammoth LED mesh billboards to be known as Miami City Square. Always looking to emulate its big brother, NYC, Miami seems to moving forward in further establishing spectacles … Continue reading

Share
Posted in Downtown, Midtown, Real Estate, Videos | Tagged , , , , | Leave a comment

Miami Residential Sales have been Trending Upward

The following graph from Trulia shows that rate of median price declines for residential homes in Miami has abated significantly and the rate of sales have been relatively consistently improving. It is worth noting that according to the S&P Case-Shiller … Continue reading

Share
Posted in Downtown, Midtown, Real Estate, South Beach, Statistics | Tagged , , , | Leave a comment