Summer in Miami

Summer in Miami Here comes the Summer Finally! June 21st marks the longest day of the year and the first day of summer. It makes me nostalgic for Ireland where it is still light up to 11pm on the summer solstice. This summer as a new broker in Miami I have decided to visit as many new construction projects as possible. I forgot how seductive new development showrooms can be, wrapping you up in as many organic textures as possible, always with the best lighting that replicates the perfect sunset at the end of the day, from your floor to ceiling windows.  If you want summer all year  these two projects fit the bill: Aria in Edgewater. I would buy here. Aria definitely felt high end, modern and fresh with open views from every apartment of Biscayne Bay. A chance to live from the outside in with lush landscaping, a water front restaurant, and a private water sports deck for paddle boarding outside your door. Also I thought the prices were affordable. Two Beds starting at $1.8 mil and three starting at $2.7 mil. Perigon in Miami Beach. Lately I’ve been thinking a lot about obsolesce in real estate. We have reached a turning point on the planet and the time is coming when our homes will need to reflect that reality. Perigon is absolutely stunning, offering an unparalleled level of privacy, luxury and amenities. Their Gold Leed certification is just the cherry on top of a very big ice cream. Miami Global City Update Another week and another survey that places Miami at the top of rankings amongst cities worldwide.  This one above is from the Economist and Knight Frank. South Florida Residential Sales Volume Drops by $1B in May The residential slowdown continued in May across South Florida, with total dollar volume dropping $1 billion, or 14 percent, from the year prior.  Home sales in Miami-Dade fell 25 percent to 2,412 closings. Single-family home sales dropped 13 percent to 1,040. Condo sales plummeted, falling 32 percent to 1,372 last month. However The median price of single-family homes continued to rise in Miami-Dade where values increased 8% to $620,000. The median condo price was stagnant. So transactions down but prices still holding. Shows just how sticky inflation can be. Summer is the slowest time in any market so there are always opportunities for buyers out there, but definitely depends on price. The higher the price point the softer the market.  Read more Amanda Sawyer NYC to Miami Real Estate Advisor  M: 347.222.5625 amanda.sawyer@compass.com © Compass 2023 ¦ All Rights Reserved by Compass ¦ Made in NYC Not intended to solicit currently listed property. © Compass Florida, LLC. Equal Housing Opportunity. All information furnished regarding property for sale or rent or regarding financing is from sources deemed reliable, but Compass makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. marketingcenter--