South Florida real estate is hot right now. Here are some of the top news this week (April 12- April 16):
New Fort Lauderdale Condo Towers Launch Sales
Recently, Kolter Urban launched sales of a two-tower project in Fort Lauderdale Beach. The new Fort Lauderdale condo towers, “Selene Oceanfront Residences,” will be 26 stories and will have 204 luxury units priced from $900,000. In addition, the towers will be 300 feet tall, making them the tallest on Fort Lauderdale Beach. Units will range from 1,400 square feet to 3,200 square feet.
Miami Condo Sales In Early April
At the beginning of April, Miami condo sales declined. In total, 239 condos sold for $147.5 million from April 4 to April 10. This was down from the 305 condos sold for $235.2 million the week before. In addition, units sold for an average of $617,000. Down from $771,000 the week before.
South Florida Condo Market Was Hot in Q1
The first quarter of 2021 showed a hot market for South Florida. As a result of shrinking single-family home inventory, the South Florida condo market took the lead. In addition, prices rose for both single-family homes for both homes and condos. Here is a breakdown: https://www.amgintrealty.com/south-florida-condo-market-was-hot-in-q1/
Miami Beach Hotel The “Goodtime Hotel” Is Almost Open
After five years and roughly $200 million, Pharell’s the Goodtime Hotel is almost open. The new Miami Beach Hotel will open this week. This is a 266 key-hotel at 601 Washington Avenue. It will feature about 100,000 square feet of public spaces, a 30,000 square feet restaurant and pool club, a 45,000 square feet ground floor retail, a gym and library.
Interested in learning more about South Florida real estate?
AMG International Realty is a global real estate firm specializing in Florida. If you are you looking to buy, rent, or sell in South Florida we are here to guide you through every step of the way. From mortgage applications, to finding your dream home and closing the deal. For more information about the current real estate market in the area, contact us today!
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