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A higher floor is worth about half a percent per floor, and the number is a fact about your building rather than about Miami.
I found 193 pairs of closings in the same building, matched to within 5% on interior size and separated by at least ten floors. The higher residence sold for a median 8.7% more per square foot, across a me...
Miami’s selling season is real. It does not do what sellers think it does.
Listing a luxury condominium between November and April gets it under contract about 50 days sooner than listing between May and October. It does not get a better price. Sellers who listed in the winter window collected a median 93.1% of asking. Sellers who listed in the s...
On a Miami waterfront lot, a newly built house sells for 82% more per square foot of land than a house built before 2000. That is the price of not building.
Held at the same house size, between 5,000 and 8,000 square feet of living area, new waterfront houses closed at a median of $18,200,000 on lots of 13,532 square feet. Pre-2000 houses closed ...
Size does not slow a Miami condominium down gradually. It slows down all at once, at about 5,000 square feet.
Below that line, a residence of 2,400 square feet and a residence of 4,800 square feet behave almost identically. Both take four to six months to go under contract, both close at 93 to 94% of asking price, and about one in five of each ta...
A $5 million budget buys 4,378 square feet in Aventura and 2,353 square feet in Bal Harbour. That is the same money for 86% more space. Both numbers come from the same nine months of closed sales in the same county. The Aventura figure rests on five closings and the Bal Harbour figure on twelve, so treat the ordering as reliable and the exact square footag...