(Save the date: RealShare Apartments comes to the Westin Bonaventure, Los Angeles, October 24.)
MIAMI—There’s been a marked shift in Miami’s condo market. With foreclosed properties nearly bought up and inventory low, it’s officially a seller’s market. Prices are becoming competitive once again. So says RelatedISG International Realty’s second quarter Miami Market report.
Craig Studnicky, principal of RelatedISG, tells GlobeSt.com he’s seeing more Northeast buyers, as well as Asian buyers, infiltrating the market. With appraisers now valuing condos at a higher price as recent sales prices have risen, buyers can get better mortgages with less money down. Still, he says the biggest surprise came from the Multiple Listing Service, or MLS.
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