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Fiscal cliff hits home
From the December issue: With the House and Senate back on Capitol Hill for the lame-duck session, preliminary negotiations aimed at keeping the country from careening off the “fiscal cliff” began in...
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Record number of tourists visited South Florida in 2012: report
A record number of tourists visited Miami-Dade, Broward and Palm Beach counties in 2012, according to the South Florida Sun Sentinel. In Broward, a total of 12 million tourists brought $9.8 billion in...
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Zalewski: development boom underway in Bal Harbour, Surfside, Bay Harbor Islands
The success of the St. Regis Bal Harbour development in Bal Harbour, which has already surpassed $758 million in sales, has led to a wave of development in both Bal Harbour and surrounding...
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Miami home prices rise 8.5 percent, according to S&P/Case-Shiller
Home prices in the Miami metropolitan area rose 8.5 percent year-over-year in October, according to the latest numbers from the Standard & Poor’s/Case-Shiller home price index. Miami’s home price...
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South Florida residential inventory
Compiled by Condo Vultures Realty using the South Florida Shared Multiple Listing Service. Active listings are properties where no current sale contract exists; pending sales are properties in which a...
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“Like” The Real Deal magazine on Facebook here, and you’ll be sure to stay abreast of the latest real estate news. Our Facebook page features breaking industry stories, links to quirkier pieces and...
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Threat of shadow inventory may be “over-hyped”
Skeptics of the what many experts see as the eminent recovery of the U.S. housing market often point to the large shadow inventory of foreclosed homes yet to hit the market, but concerns over an...
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Miami’s Gesù Church sees renovation
[caption id="attachment_112140" align="alignright" width="300"] Gesù Church[/caption] The oldest Catholic Church in Miami, Gesù Church, is currently being renovated, according to the Miami Herald. The...
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Brokers hide evidence of famous residents when selling celeb homes
Despite having stage or screen presence — or posing for magazine photographs inside their homes — celebrities who list their homes generally don’t aim to attract this same level of attention, the New...
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Toll chairman, Robert Toll says housing will rise 20 percent in 2013: VIDEO
[caption id="attachment_220403" align="aligncenter" width="575"] Robert Toll and Robert Wolf[/caption] Although Robert Toll, executive chairman of developer Toll Brothers, predicts that Washington will...
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Today’s priciest new listing
Today’s priciest new listing is a four-bedroom- four-bathroom, 4,484-square-foot, single-family home that is asking, $6.9 million, according to Condo Vultures. The waterfront home, which is located at...
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Boca Raton’s 200 East closes $7 million in sales in nine weeks
The 200 East condominium in Boca Raton has closed $7 million in sales in the last nine weeks, according to Nestler Poletto Sotheby’s International Realty, which is marketing the property. The sales...
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LandQwest closes pair of retail leases
Fort Myers-based LandQwest Commercial Real Estate has closed a pair of retail leases, the brokerage announced today. The first was a 2,650-square-foot retail lease to Southern Steer Butcher at Curfew...
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Fisher Island condo sells for $5.1 million
A condominium at 5311 Fisher Island Drive on Miami Beach’s Fisher Island has been sold for $5.1 million, according to data from real estate information firm StreetEasy. The 6,881-square-foot,...
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Home on Harbor Drive in Key Biscayne unloaded for $7.5 million
The home at 890 Harbor Drive in Key Biscayne has been sold for $7.5 million, according to data from real estate information firm StreetEasy. The four-bedroom, 5.5-bathroom property was sold by 890...
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Manalapan manse lists for $28.75 million
A Manalapan home built on spec has been listed for $28.75 million, the Wall Street Journal reported. The six-bedroom, seven-bathroom home, which has 171 feet of water frontage, is being listed by...
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Ocean Club penthouse sells for $3.2M
A penthouse at Key Biscayne’s Ocean Club complex has sold for $3.15 million, according to Daren Feldman, a realtor associate at Miami-based Majestic Properties. The three-bedroom, five-bathroom,...
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Miami pending sales up 52 percent: report
The total number of residential listings in Miami-Dade County that pended in November rose 52 percent, according to a new report from the Miami Association of Realtors. The 3,374 homes and condominiums...
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Williams Island penthouse drops price by $1 million
A two-story penthouse on Aventura’s Williams Island has cut its price by $1 million, according to Fabian Garcia-Diaz, senior associate at Fortune International Realty’s FGD Group. The price on the...
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How will the fiscal cliff impact Florida?
The looming fiscal cliff could have a serious impact on Florida’s economy, with the potential for 115,286 lost jobs and an unemployment rate that could rise to 9.9 percent, according to an analysis by...
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