It's a Seller's Market in Miami for Homes,
Buyer's Market for Condos
Source: World Property Journal
According to the Miami Association of Realtors, Miami single-family home prices have risen for more than five consecutive years and existing condo prices have appreciated in 65 of the last 67 months.
Miami-Dade County single-family home prices jumped 9.5 percent in December 2016, increasing from $278,500 to $305,000. Existing condos increased 1.3 percent, from $207,400 to $210,000. Miami single-family home prices have now risen for 61 consecutive months. Condo prices have increased in 65 of the last 67 months, a streak spanning more than five years.
"Low supply and high demand for Miami single-family homes have fueled five-plus years of residential price growth," said Christopher Zoller, the 2017 Miami Association of Realtors chairman of the board. "In addition to rising prices, Miami also saw more mid-market single-family home transactions and more traditional or non-distressed home sales in December."
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Miami’s second Trader Joe’s to open in new South Beach building in 2018
Source: The Real Deal
by: Katherine Kallergis
Trader Joe’s is finally heading to South Beach in a new building planned for Alton Road and West Avenue, The Real Deal has learned.
Attorney Mickey Marrero announced the tenant at a Miami Beach Design Review Board meeting on Monday. The store will mark the first in Miami Beach for the popular California-based grocer and the second in Miami-Dade. It’s slated to open during the second half of 2018 and will lease 11,500 square feet at 17 West, Trader Joe’s confirmed on Monday.
A partnership between Rock Soffer of Turnberry Associates, Elion Partners and members of the Sredni family will break ground later this month on a five-story, mixed-use project with ground floor retail, loft-style apartments and a parking garage. It’s slated to be completed by next summer, Soffer told TRD.
Miami International Boat Show
NEW SHOW SITE: The 2017 Progressive® Insurance Miami International Boat Show® has moved from the Miami Beach Convention Center to Miami Marine Stadium Park & Basin
WHEN: President’s Day Weekend, February 16-20, 2017
WHERE: 3501 Rickenbacker Causeway, Miami, FL 33149—just minutes from downtown Miami on Virginia Key
ADMISSION: Premier Day $40; Adult (age 16+) $25; Two-day pass (Friday–Monday, February 17–20) $45
Five-day pass $100; Children 15 and younger FREE
SHOW OFFICE PHONE: 954-441-3220