Nina Ruseva

Miami Dade Market Report Dec 2023

Miami-Dade Mid-Market Condo Sales Rise Again - MIAMI REALTORS® MIAMI — Miami-Dade County mid-market condominium sales rose again as the high-demand, low-supply South Florida real estate market prepares for a robust 2024 with mortgage rates finally on the decline, according to November 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and t...

Whitman family development reveals mixed use, luxury/workforce housing development with Bal What Harbor shops complex.
Plans for the mixed use development will comprise of 600 high-end residential units, 40% of which are going to be for workforce housing and 60% luxury housing plus a 70-room upscale hotel and 45,700 ft.² of additional retail space.

real estate

Miami Dade Market Report August 20023

Miami Total Home Sales Priced Between $600K to $1M Soar; Miami Real Estate Nears 12 Years of Consecutive Home Price Appreciation - MIAMI REALTORS® MIAMI — Miami-Dade County total home sales priced between $600K to $1M jumped double digits year-over-year, according to August 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.   Miami total home sales priced from $600K to $1M in...

Miami home prices, household income continue to rise with wealth migration

Miami Dade Market Report July 2023

It’s difficult to compare today’s home transactions to the roaring 2021, 2022 era, when mortgage rates hit an all time low of 2.65%, a worldwide pandemic, followed by housing boom, and historic sales.
Miami home sales decreased YOY because of elevated mortgage rates and lack of supply in certain price points.

Miami Dade county single-family and condos median prices increased over 10% in July 2023, a strong indication of pent up demand

Miami ranks No.4 in the US annual home price appreciation, according to the latest US CoreLogic, S&P case- Schiller index.

Local home prices have risen with South Florida’s wealth migration.

New household moving into Miami Dade in 2021 had an average adjusted gross income of $229, 300

Cash sales represented 39.6% of Miami closed sales in July 2023 compared to 41.3% same time last year.