Coral Gables Real Estate

The Orlando Regional Realtors Association is reporting this week that Orlando’s housing market in April 2020 saw its median home price increase 12%, while home sales dropped 28% in the first month to show an anticipated decline in activity, as a result of the COVID-19 pandemic. Inventory experienced a year over-year decline of 3%. “Our market — like those nationwide — is grappling with the coronavirus-induced slowdown,” says ORRA President Reese Stewart. “Orlando Realtors anticipate listings and buying activity will eventually resume, especially given our history of demand versus low supply, along with the record low mortgage rates that increase […]

Home prices across the United States rose at an annualized rate of 6.1 percent in April 2020 from March 2020, according to Radian Home Price Index (HPI) data released today by Red Bell Real Estate, LLC, a Radian Group Inc. company (NYSE: RDN). The Radian HPI is the most comprehensive and timely measure of U.S. housing market prices and conditions. “And unlike the Great Recession, which was preceded by a substantial over-inflation of housing, 2020 began with reasonably priced markets being the norm, not the exception” Tweet this The Radian HPI also rose 7.9 percent year-over-year (May 2019 to April […]

As the rest of the country was shutting down in March, South Florida’s top brokers were getting phone calls from wealthy out-of-towners looking for high-end homes they could rent — preferably with a pool and spacious backyard, and possibly a tennis court. The majority of inquiries came from New York, though some also came from other states hit hard by the pandemic, including Michigan and Illinois. Another unexpected source of rental and broker fee income? Those already living in South Florida condos were looking for space where their kids could run around, away from common areas and elevators. At least […]

As expected, the coronavirus pandemic soured sales in Miami’s residential real estate market, according to a report published Wednesday. But the market is regaining steam. An analysis by Coral Gables-based brokerage firm Berkshire Hathaway HomeServices EWM Realty verified what many Realtors have been saying: that the market for single-family homes and condos slowed at all price points during the first two weeks in April. But the first two weeks in May have brought marked improvement, based on data from the Southeast Florida Regional Multiple Listing Service. “While not at the levels we’ve seen year-over-year in previous selling seasons, the early […]

As many city dwellers ride out the coronavirus pandemic in their apartments, there’s a sudden rush on real estate in the suburbs. “I would describe it as nothing short of a frenzy,” said Alison Farn-Leigh, a sales agent with Berkshire Hathaway. Interest in buying or renting a home in the ‘burbs went from zero to crazy in just a few weeks, Farn-Leigh told CBS2’s Vanessa Murdock. A young family from the city placed the winning bid for a home in Greenwich, Connecticut. Another home rented in just one day. “I get a lot of, ‘In one to two years, we […]