New home sales, Miami real estate

27% Increase in New Home Sales

Finally, after four months of record low sales, new home sales surged 27% nationally from February sales and a 24% increase from the same time last year.

On Friday, the Commerce Department said that new home sales rose to a seasonally adjusted annual sales pace of 411,000 in March. It was the strongest month increase in 47 years. The median sales price was up 4% from a year earlier reaching $214,000, but down more than 3 % from February.

Full article....New home sales, Miami real estate

Homes in Miami, Miami real estate

Invest in an inspection before buying Miami real estate

When buying homes in Miami, a great investment, it’s standard practice to check out equivalent sales in the area to get an idea of value. But what do you do next?

You can do a walk-through and see that the back door sticks, but why? Maybe it because a hinge is loose but it could be much worse. It’s possible with some homes in Miami that something is wrong with the foundation.

It’s unlikely you’ll be able to pinpoint the problem unless you’re a building inspector.

Claude McGavick, a board member with the Florida Association of Building Inspectors, says, ``A good home inspector will look at 800 to 1,000 things in a home.” He says inspectors follow standard guidelines that tell them what to look at and how to look at it.

Full Article...Homes in Miami, Miami real estate

Miami Beach Hotels, Miami Beach Real Estate

The St. Regis Bal Harbour Resort, Miami Beach Hotels

Ground was officially broken in March of 2008 to make way for The St. Regis Bal Harbour Resort, a part of the Starwood hotels and resorts family. Now, and only 18 months later, the vertical construction for our center Miami Beach hotels tower as well as the private north tower for luxury Miami Beach condos residences. The third 27-story tower, also designed for private residences, has been poured up to the 14th floor and is slated to be topped off this coming February.

The St. Regis Bal Harbour Resort is deemed of the most anticipated new Miami Beach hotels in the Southeast, is located on a popular piece of Miami Beach oceanfront property in the enclave of Bal Harbour Village.

Full Article...Miami Beach Hotels, Miami Beach Real Estate