August is a wonderful time to be in the Miami area – the weather is warm, the beach is lively & both Miami Spice and Miami Spa Months are in full swing with can’t-miss dining and spa deals.
Click HERE for more on the best events coming to town this month plus the latest real estate news, a new market update, current offerings, new developments & more.
The Realtor Association has received a number of inquiries about the impact on the overall condo market since the recent Champlain Tower South building collapse on June 24, 2021, so they have compiled the following statistics on closed sales and on pending (properties with contracts):
Miami-Dade County totaled 1,030 transactions from June 23rd through July 7th, a 159% year-over-year increase, according to the association.
Closed Miami-Dade County existing condo sales increased 159.4% year over year when comparing June 23, 2020-July 7, 2020 to June 23, 2021-July 7, 2021.
Pending Miami-Dade County existing condo sales and actives with contract jumped 77.7% year over year when comparing June 23, 2020-July 7, 2020 to June 23, 2021- July 7, 2021.
As always, if there is anything my team and I can help you with, please don't hesitate to reach out.
Sending love and well wishes to all. - Joelle