Tag Archives: Luxury

New foreclosures fall for 10th straight quarter

Higher home prices and continued stability on the employment front helped reduce new foreclosures across South Florida in September and the third quarter.

New cases in Palm Beach, Broward and Miami-Dade counties dropped 13 percent last month from a year earlier, according to the RealtyTrac listing firm. For July through September, starts fell 15 percent, to 3,293 from 3,875 a year ago.

Foreclosure filings have declined in South Florida for 10 consecutive quarters, RealtyTrac said.

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South Florida’s home prices rising more slowly

House prices keep climbing in South Florida, though the region is losing ground to other areas nationwide, a new report shows.

Prices in Palm Beach, Broward and Miami-Dade counties rose 7.3 percent in July from a year ago, the 17th consecutive increase, according to the Standard & Poor’s/Case-Shiller home price index.

South Florida has ranked among the top three metro areas for price gains and even led the nation last summer. But San Francisco (10.4 percent), Denver (10.3), Dallas (8.7) and Portland (8.5) moved past the tri-county area in the latest survey.

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Do you want to know about Broward County Town House and Condos for Florida Real Estate statistics for Q2 2015 ?

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Home prices may be rising too fast

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South Florida home prices posted steady gains in the second quarter, but slower growth would be better for the housing market long term, according to a new report.

The median price for single-family homes in Palm Beach, Broward and Miami-Dade counties was $289,900, up 7.4 percent from the second quarter of 2014, the National Association of Realtors said Tuesday.

The median for condominiums rose 7.1 percent to $156,300. The median means half sold for more and half for less.

In Miami luxury market, single-family home resales outpace condos

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A split emerged in Miami’s luxury real estate market during the first three months of 2015: Resales of single-family homes chugged along at a steady clip, but the market for existing luxury condos peaked as sales slowed and units stayed up for sale longer.

The number of luxury single-family homes sold grew 2.3 percent in the first quarter of 2015 compared to the same quarter last year. But luxury condo resales were down 3.6 percent over the same period.

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Mansion entrance in a tropical location.

Luxury Cruise Sailing Oceans

Lounge on top of scyscraper in Singapore

Underwater seats in pool

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Auberge luxury condo project ahead of schedule

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When developers first announced plans last year for the Auberge Beach Residences & Spa, they figured the luxury waterfront condominium in Fort Lauderdale had a chance to open in 2017, though 2018 seemed far more likely.

But 2017 now is the expected delivery date, the result of a better-than-anticipated early sales push for the 171 units ranging from $1.8 million to $8 million.

“We thought it would take longer to sell,” said Carlos Rosso, head of the condo division for The Related Group, which is building Auberge with Fortune International Group and the Fairwinds Group.

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