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Bitcoin investor closes on priciest Miami home following Hurricane Irma

Thursday Sep 21st, 2017

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Bitcoin investor and enthusiast Michael Komaransky just paid $7.55 million for a waterfront spec mansion in Coconut Grove, marking the most expensive home sale to close in Miami-Dade County post Hurricane Irma. Property records show the internet currency advocate bought the 9,800-square-foot, five-bedroom house at 3604 Matheson Avenue. The seller is 3604 Matheson Holdings LLC, led by Mariannie Cordovez and Rene Brillembourg. Silvia Boschetti of BH Realty was the listing agent. The... [read more]

Keyes grows Wellington market share with latest acquisition

Wednesday Sep 20th, 2017

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The Keyes Company is continuing its acquisition spending spree. The brokerage just closed on the purchase of Realty Elite The Palm Beaches in Wellington, following a string of deals over the past two years. Realty Elite, founded by David Lopez in 2007, closed on $92 million in sales volume in 2016, according to a press release. It adds 64 agents to Keyes. In recent months, Keyes has closed on the acquisition of Jupiter-based Bluffs Real Estate and Investment Properties, and two South... [read more]

Here’s how much you need to make to buy a house in Miami

Tuesday Sep 05th, 2017

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As home prices continue rising in South Florida, so does the minimum salary needed to afford a house. In Miami, the income needed to buy a median-priced home rose to nearly $72,000, according to a report from HSH.com. July marked the 68th consecutive month that single-family home prices have risen in Miami-Dade. The median price of a single-family home in Miami-Dade rose 12 percent annually in July to $335,000, according to the Miami Association of Realtors. HSH, a mortgage and... [read more]

Sunrise homebuilder pays $21M for Homestead land

Wednesday Aug 30th, 2017

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More home development in Homestead is in the pipeline. An affiliate of Sunrise-based Centerline Capital Advisors, led by Craig Perry, just paid $21.3 million for an assemblage of lots for single-family homes in Homestead, property records show. Centerline also secured a $7 million loan from Weston-based Florida Community Bank and a nearly $4.4 million loan from NVR Inc., and arm of the Virginia-based homebuilder Ryan Homes. SW 112 Investments, led by Barry M. Brant, sold land on the... [read more]

Miami home prices increase 5% in June, year-over-year, lagging national average: S&P CoreLogic Case-Shiller

Tuesday Aug 29th, 2017

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Miami home prices rose 5 percent in June, year-over-year, marking the fifth lowest increase nationwide, according to the latest S&P CoreLogic Case-Shiller Index. The newly released report, which tracks 20 major metropolitan areas in the country, shows home prices in Miami increased by just 0.4 percent from May to June. From April to May, Miami home prices increased by 0.8 percent, ranking as the 13th highest increase among the top 20 cities. Nationwide, home prices rose 5.7... [read more]

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