Existing home sales and prices both rose in Miami-Dade County for the third quarter of 2015, but the market for single-family homes continues to outpace condos.
Single-family prices rose to $273,200 in the third quarter, a jump of 9 percent from $250,000 in the third quarter of 2014, according to a report released Thursday by the Miami Association of Realtors.
Condo prices hit $199,000 for the quarter, up 4.8 percent from $189,900 year over year.
A bevy of new condo construction is set to hit the market in the next two years, meaning that older condos are becoming less valuable. The inventory for condos stands at nearly nine months of supply.
That dynamic doesn’t hold true for single-family homes, which are more rare because of a lack of land. There was roughly a five-month supply of single-family homes in the third quarter.
A healthy housing market generally has between six and nine months of inventory.
Sales of single-family homes rose 4.1 percent year-over-year to 3,6999. Condo sales stayed nearly flat for the quarter, going up less than 1 percent to 4,112.
Developed as a way to efficiently raise capital for real estate projects, RealtyShares has facilitated 20 deals across Massachusetts, Connecticut and Rhode Island totaling more than $15 million invested throughout the region. By leveraging technology and a network of 38,000 accredited investors, the company allows sponsors and developers to potentially raise money faster than traditional financing options.
“New England has a solid residential market and a concentration of metro areas that make for intriguing potential opportunities,” said Mark Masterson, Director of Investments at RealtyShares. “For our platform, we focus on projects that are centrally located, close to public transit or have access to employment centers.”
While also a strong market for commercial opportunities, RealtyShares has focused mostly on the single-family home market in the Northeast. Along with individual properties, the company has completed ten separate portfolio deals encompassing multiple properties per listing. The largest raised $2 million dollars from more than 90 investors from across the country.
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Becoming a real estate investor is suddenly hot, thanks in part to those legions of HGTV-aholics inspired after binge-watching episodes of shows like “Fixer Upper” and “Flip or Flop.” But if they’re planning to purchase an investment property to rent out, even the most devoted of fans still need to figure out which parts of the country offer the best buys.
It turns out aspiring real estate moguls should head south, according to a new report by ATTOM Data, a real estate data firm. Three-bedroom, single-family house rentals in Clayton County, GA, home to Atlanta, earned the highest returns so far in 2017, at about 23.7%, ATTOM found. That’s quite a profit, as rental properties across the nation have generated an average 9% in profits.
The parent company of RealtyTrac looked at the largest 375 counties with 200 million residents or more and then used U.S. Department of Housing and Urban Development and home sales deed data to come up with the top cities. The firm looked only at three-bedroom, single-family houses for the analysis.
2 two-story apt buildings adjacent next to one another for sale together. Two Folio:14-2235-005-0140 and 14-2235-005-0150. Located at the intersection between 90th st and Harding Ave with walking distance to Publix, Surfside club condo, Bal Harbor and beach. Zoning: H30C,the purpose of which is to permit single-family, two-family, multi-family no more than 30 feet in height. Its developers opportunity to build an up to 18-unit building and investors opportunity. 4 Apts are fully occupied by tenants
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Potential buyers have the ability to acquire a stabilized portfolio assembled over the last five years in a market with incredibly strong demand for rental units. All of the properties have undergone various renovations and are conveniently located within a two-mile radius of each other in Pinellas County, the most densely populated county in the State.
A unique collection of 43 waterfront town homes located on the southeast coast of Normandy Shore.
The mid-rise property includes striking modern architecture, contemporary landscaping and fountains, and a comfortable-yet-elegant community noted for spacious layouts, stunning golf-course and water views, and a relaxing atmosphere feel unlike anywhere else in South Florida.
Located in Normandy Shore, an exclusive, waterfront enclave in the neighborhood of North Beach in the City of Miami Beach, just moments from Bal Harbour and South Beach. Dividing the neighborhood are two main streets, Normandy Drive and 71st Street which are lined with small shops, restaurants, and charming mid-century architecture. The thriving commercial district caters to the area’s high-end condominiums and numerous single-family homes with bistros, banks, offices, gas stations, and a long-standing weekend farmers market in the plaza. Outdoor enthusiasts delight in Normandy’s 18-hole golf course, tennis courts, children’s playgrounds, swimming pools, basketball courts, and proximity to the sands of Miami Beach.Residence Features
Building Features
Nestled amidst the premier location of Sunny Isles Beach, ATLANTIC 15 offers a luxury community of 15 private single-family homes to those who seek to break from the mundane architectural styles currently found within the City. The lavish privately gated two-story residences will display modern architecture with solid contours, floor-to-ceiling windows and organic textures. A simple composition of stone or veneer, along with modern architectural styling, will be offered as the different exterior facade options to appeal to each home owner’s personal taste, and a third option of plain white finishes will also be offered for a clean modern feel. Every home will be individually gated with 6-foot walls, and will provide residents with a private haven inclusive of a beautiful rooftop terrace, a summer kitchen and sparkling pool. ATLANTIC 15 will embody the luxury lifestyle in Sunny Isles Beach as a private enclave, and will fulfill each resident’s desire to the last detail.