Miami Home Sales Jumped In May By 6.6 Percent

Miami-Dade County total home sales jumped year-over-year in May as low mortgage rates and new tax laws continue encouraging encourage domestic buying activity, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Miami total home sales jumped 6.6%, from 2,622 in May 2018 to 2,796 in May 2019. Miami single-family home sales increased 10.2%, from 1,230 to 1,355. Miami condo sales increased 3.5%, from 1,392 to 1,441.

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“Miami real estate home sales for all property types increased in May,” MIAMI Chairman of the Board José María Serrano said. “Miami’s lifestyle coupled with a growing economy, new tax laws and low mortgage rates continue fueling the market. Miami has now posted more single-family and condo sales in the first five months of this year compared to the same period last year.”

Total Miami Home Sales Rise in May 
Total Miami-Dade County Home Sales rose 6.6% year-over-year, from 2,622 to 2,796. Miami single-family home sales increased 10.2%, from 1,230 to 1,355. Miami condo sales increased 3.5%, from 1,392 to 1,441.

According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage decreased to 4.07% in May, down from 4.14% in April. The average commitment rate across all of 2018 was 4.54%. Mortgage interest rates have been declining sharply since late last year.

Total sales volume decreased to $1.30 billion last month from $1.32 billion in May 2018. Single-family dollar volume increased 6.3% from $673.6 million to $716 million. Condo dollar volume decreased 9.4% from $645.8 million to $585.2 million.

Lack of access to mortgage loans continues to inhibit further growth of the existing condominium market. Of the 9,307 condominium buildings in Miami-Dade and Broward counties, only 12 are approved for Federal Housing Administration loans, down from 29 last year, according to Florida Department of Business and Professional Regulation and FHA.

7.5 Consecutive Years of Price Appreciation in Miami 
Miami-Dade County single-family home prices increased 2.9% in May 2019, increasing from $350,000 to $360,000. Miami single-family home prices have risen for 90 consecutive months, a streak of 7.5 years. Existing condo prices decreased 0.8%, from $245,000 to $243,000. Condo prices have increased or stayed even in 92 of the last 96 months.

Miami Distressed Sales Stay Low, Reflecting Healthy Market 
Only 5.6% of all closed residential sales in Miami were distressed last month, including REO (bank-owned properties) and short sales, compared to 6.4% in May 2018. In 2009, distressed sales comprised 70% of Miami sales.

Total Miami distressed sales decreased 7.1%, from 169 to 157.

Short sales and REOs accounted for 1.0 and 4.6%, respectively, of total Miami sales in May 2019. Short sale transactions decreased 14.7% year-over-year while REOs decreased 5.2% percent.

Nationally, distressed sales represented 2% of sales in May, down from 3% in April and from 3% in May 2018. Less than 1% of May 2019 sales were short sales.

Miami Real Estate Selling Close to List Price 
The median number of days between listing and contract dates for Miami single-family home sales was 59 days, a 34.1% increase from 44 days last year. The median number of days between the listing date and closing date for single-family homes was 107 days, a 16.3% percent increase from 92 days.

The median time to contract for condos was 78 days, a 6.8% increase from 73 days last year. The median number of days between listing date and closing date increased 5.4% percent to 118 days.

The median percent of original list price received for single-family homes was 95 percent. The median percent of original list price received for existing condominiums was 93.1 percent.

National and State Statistics 
Nationally, total existing-home sales jumped 2.5% from April to a seasonally adjusted annual rate of 5.34 million in May. Total sales, however, are down 1.1% from a year ago (5.40 million in May 2018).

Statewide closed sales of existing single-family homes totaled 30,742 last month, up 9.6% over May 2018, according to Florida Realtors. Looking at Florida’s condo-townhouse market in May, statewide closed sales totaled 12,217, up 1.6% compared to a year ago.

The national median existing-home price for all housing types in May was $277,700, up 4.8% from May 2018 ($265,100). May’s price increase marks the 87th straight month of year-over-year gains.

In May, statewide median sales prices for both single-family homes and condo-townhouse properties rose year-over-year for the 89th consecutive month. The statewide median sales price for single-family existing homes was $266,000, up 4.3% from the previous year, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. Last month’s statewide median price for condo-townhouse units was $195,000, up 3.7% over the year-ago figure. The median is the midpoint; half the homes sold for more, half for less.

Miami’s Cash Buyers Represent Almost Double the National Figure 
Miami cash transactions comprised 36.2% of May 2019 total closed sales, compared to 39% last year. Miami cash transactions are almost double the national figure (19%).

Miami’s high percentage of cash sales reflects South Florida’s ability to attract a diverse number of international home buyers, who tend to purchase properties in all cash.

Condominiums comprise a large portion of Miami’s cash purchases as 48.3% of condo closings were made in cash in May compared to 23.2% of single-family home sales.

Balanced Market for Single-Family Homes, Buyer’s Market for Condos 
Inventory of single-family homes increased 8.7% in May from 6,219 active listings last year to 6,759 last month. Condominium inventory increased 2.5% to 15,893 from 15,502 listings during the same period in 2018.

The increase in inventory is for properties above $300,000 for condos and for properties above $600,000 for single family homes.

Months supply of inventory for single-family homes increased 5% to 6.3 months, which indicates a balanced market. Existing condominiums have a 13.7-month supply, which indicates a buyer’s market. A balanced market between buyers and sellers offers between six- and nine-months supply.

Total active listings at the end of May increased 4.3% year-over-year, from 21,721 to 22,652. Active listings remain about 60 percent below 2008 levels when sales bottomed.

New listings of Miami single-family homes decreased 7.7% percent to 1,737 from 1,881. New listings of condominiums decreased 11.8%, from 2,629 to 2,319.

Nationally, total housing inventory at the May increased to 1.92 million, up from 1.83 million existing homes available for sale in April and a 2.7% increase from 1.87 million a year ago. Unsold inventory is at a 4.3-month supply at the current sales pace, up from both the 4.2 month supply in April and from 4.2 months in May 2018.

To access May 2019 Miami-Dade Statistical Reports, visit http://www.SFMarketIntel.com

Note: Statistics in this news release may vary depending on reporting dates. MIAMI reports exact statistics directly from its MLS system.

For the original version on PRWeb visit: Click here

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RESIDÊNCIAS TURNBERRY OCEAN CLUB

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215 185th Street

Sunny Isles Beach, Flórida 33160 EUA

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DESCRIÇÃO DO PROJETO:

TURNBERRY, conhecida pelas suas amenidades e pelos seus serviços de luxo sem paralelo, apresenta o que é definitivamente a sua joia da coroa: AS RESIDÊNCIAS TURNBERRY OCEAN CLUB. A obra icónica contemporânea de 54 andares todos em vidro, projetado pelos arquitetos de renome mundial, Carlos Zapata e Robert Swedroe, contará com 154 residências com vista direta para o mar e para a baía com um acesso através de elevadores privados. O projeto contará com maisde 70,000 pés quadrados dedicado a amenidades, incluindo o Sky Club de três andares com instalações interiores e exteriores, que oferece serviços de concierge de classe mundial.

LOCALIZAÇÃO:

•18501 Collins Avenue, Sunny Isles Beach, Flórida 33160Localizado em Miami entre Aventura e Bal Harbour, Sunny Isles Beach é composta por cerca de 2 milhas de areia fina e o seu céu está aninhado entre o majestoso Oceano Atlântico e o vibrante Intercoastal Waterway.

DESENVOLVEDOR:

•Beach Club Acquisition LLC, uma filial de Turnberry AssociatesTurnberry Associates é uma das empresas mais requisitados de desenvolvimento imobiliário e gerenciamento de propriedades dos Estados Unidos. Foi fundada há mais de 50 anos, e os seus projetos diversificados têm revolucionado a vida, o trabalho, o lazer e os hábitos de compras de milhões de pessoas em todo o país. Turnberry Associates tem como mérito o desenvolvimento de mais de US$8 bilhões de imóveis comerciais e residenciais, incluindo aproximadamente 20 milhões de pés quadrados de espaço de varejo, mais de 7.000 apartamentos e unidades de condomínio, 1.5 milhões pés quadrados de espaços de escritórios classe “A” e mais de 3.000 quartosde hotel e de resort. Do Hotel Fontainebleau icônico, em Miami Beach, ao destino de compras de luxo de Miami, Aventura Mall (que alberga marcas como Fendi, Louis Vuitton e Cartier), ao Turnberry Isle Resort e Country Club de cinco estrelas, assim como empreendimentos residenciais como Turnberry Ocean Colony, Porto Vita, a propriedades emblemáticasem Las Vegas, Washington DC, assim como as Residências em Atlantis Paradise Island (agora conhecidas como The Reef) nas Bahamas, Turnberry Associates é conhecida pela excelente qualidade e serviço impecável

ARQUITETOS E EQUIPE DE DESIGN:

•Carlos Zapata (Nova Iorque) –Arquiteto de Design

•Robert Swedroe (Miami, Flórida) –Arquiteto de Registro

•Jan Clausen CCID (Atlanta, Geórgia) –Designer de Interiores

•EDSA (Fort Lauderdale, Flórida) –Arquiteto Paisagista

•Interiores by Steven G (Miami, Flórida) –Residência Modelo

AGENDA DE DESENVOLVIMENTO:

•Agora em ConstruçãoDEPÓSITOS:

•20% no contrato

•10% nos 120dias após a data do contrato

•10% nos 180dias após a data do contrato

•10% no término da construção

•Balanço no Encerramento

Corretor de imóveis de luxo: Brosda & Bentley

PREÇO:

•Desde US$3.9milhões a US$35 milhões

MANUTENÇÃO:

•Estimada US$1.10 / pé quadrado

CARACTERÍSTICAS DA TORRE:

•154 residências com vista direta para o oceano e para a baía

•Torre de vidro de 54 andares moderna criada por Carlos Zapata (altura total de 649’)

•Somente duas a quatro residências por andar

•Porte cochère dramática com vários elementos de água

•Lobby de vidro de três andares com vista direta para o oceano

•Seis andares de amenidades, perfazendo mais de 70,000 pés quadrados•Três piscinas

•Três zonas de jantar privadas

•Três zonas de bar/lounge

•Trinta e uma cabanas com vista para o mar disponíveis para compra

•Abrigo para animais de estimação ao ar livre

•Zona de armazenamento subterrâneo para motocicletas e bicicletas

•Estações de carregamento elétrico de carro e zona de lavagem de carro na garage

•Internet de alta velocidade nas áreas comuns

•Privilégios de sócios no Turnberry Isle Resort & Country Club (Entre em contato com seuexecutivo de vendas para mais informações)

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AMENIDADES DA TORRE:Lobby, Segundo e Terceiro Andar

•Serviço de valet e seguranças 24 horas por dia

•Serviço de recepção multilíngue

•Lobby com vista ao oceano e piscina infinita com serviço completo

•Amenidades de praia privativa, incluindo serviço de praia, espreguiçadeiras e guarda-sóis

•Bar na piscina e restaurante com cozinha completa

•Sala de jantar privada interior/exterior com cozinha com catering

•Café-bar e lounge de leitura

•Teatro/cinema interior, com capacidade para 18 pessoas

•Sala de reuniões executiva•Lounge de negociação de ações

•Salão de jogos multimedia

•Clube Infantil -brinquedoteca multifacetada infantile

•Duas cabanas paravisitantes

AMENIDADES DO SKY CLUB:

30º Andar -Sol & Natação

•Piscinas Nascer-do-sol e Pôr-do-sol

•Dois spas de hidroterapia•Bar Sky Club31º Andar -Spa & Fitness

•Centro de fitness indoor com vista para o mar

•Academia ao ar livre com vista para o mar•Estúdio de Ioga e Pilates

•Vestiários masculinos e femininos com chuveiros a vapor e saunas

•Salão com secadores de cabelo e manicure

•Spa de revitalização com sala de relaxamento

•Trêssalas de tratamento incluindo uma suíte para casal privada32º Andar -Social & Jantar

•Espaçosas áreas de jantar internas e externas com serviço de catering

•Sunset longe

•Sala social/ funções privadas

CARATERÍSTICAS DAS RESIDÊNCIAS:

•Residências com três quartos de 2,900 a 3,110 pés quadrados

•Residências de quatro quartos a partir de 3,625 pés quadrados

•Residências de Coleção de cinco quartos a partir de 6,695 pés quadrados

•Residências de Coleção de seis quartos a partir de 10,645 pés quadrados

•Cada residência possui uma sala de estar e aposento para funcionários trimestres com casa de banho completa e armário

•Enormes walk-in closets •Tetos de 10 pés –12 pés de altura

•Residenciais de Coleção duplex com sala de estar e varanda com tetos de 20 pés de altura

•Varandas com vista para o mar e para a baia com 11 pes de profundidade

•Residências com cozinha de verão e churrasqueira no terraço com vista para o oceano

•Nas Residências de Coleção há piscinas privadas e spas de hidroterapia

•Entrada de serviço privada

•Três elevadores de alta velocidade, diretos que servem cada uma das residências

•Armários personalizados italianos de Snaidero nas cozinhas, banheiros e lavanderias

•Bancadas de pedra importadas

•Eletrodomésticos Gaggenau em todas as residênciasGeladeira/freezer de 48”Fogão tradicional de 30”Forno de convecção de 24”Forno a vapor de 30”Micro-ondas de 24”Placa de indução de 36”Máquina de lavar loiça de 24”Máquina de Café Expresso/Cappuccino de 24”Armazenador climático de vinhos de 18”

•Todas os banheiros contem paredes e pisos de mármore

 •Canalizações Dornbracht nobanheiro

•Bide integrados da Duravit em cada banheiro principal

•Paredes com acabamento superior e portas interiores importadas

•Ferragem das portas de Valli e Valli

•Residências prontas pelo designer

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