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Market Update | Julie's Realty Blog

Wednesday, June 6, 2018   /   by Leon Zhivelev

MARKET UPDATE: 6% Rise in Property Values In Miami-Dade County in June 2017 - June 2018

According to the county’s Property Appraiser, as of June 1, overall values are estimated to have risen 6% compared to their level 12 months ago to a whopping $291 billion.
The total gain to the county tax rolls from property values and new construction was 6%, which is a new record for a single 12 month period. Excluding new construction, the gain was 3.9%.
This is a new record but it just about equals the property values in Dade-County from 2007-2008 when adjusted for inflation over time. $256 Billion in June 2007 is worth about $294 Billion Today. 

Inflation Calculator

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  investment, market update, pre-construction, single-family homes, downtown miami, south beach, sunny isles beach

Friday, May 18, 2018   /   by Leon Zhivelev

American Dream Miami - Biggest Mall in the United States is approved

American Dream Miami has been approved by country officials in a 9-1 vote.

If built, it would become America's largest mall. Something of a hybrid between a super mall and an amusement park, American Dream Miami will cost approximately $4 Billion Dollars. 
Dolphin Mall and Bayside have formed a group called the South Florida Taxpayers Alliance to ensure that no public funding is used for the project. 
40% larger than any other Mall currently operating in the United States, American Dream Miami promises to be more than just a shopping destination. The project will have 3 towers with one rising up to 500 Feet (50 Stories), 3.5 Million Square feet of Retail, 1.5 Million Square feet of Entertainment, 1.2 Million Square feet of Back-House and 2,000 Hotel Rooms.  Other entertainment aspects of the ambitious project include an Indoor Ski Slope, Water Park, Submarine Ride, Skating Rink, Movie Theater, a performing arts center and eateries. 
The project ...

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  market update, pre-construction, retail, american dream miami

Friday, December 15, 2017   /   by Leon Zhivelev

Miami Condo Listed on the Market for $33??!?!?

Bitcoin, the cryptocurrency has been the talk of the entire financial world these last few months and even more in the last few weeks.
Just recently, we blogged about how if a seller had accepted bitcoin for their property a year ago they would have made an incredible amount of money compared to accepting for cash for their property.
Well there is officially a condo for sale in Miami Beach with a Seller who is ready to accept Bitcoin as the tender for the sale of the condo.
The listing states that it is for sale for $33 dollars but in the properties description they explain that they will only accept  33 BTC.
Would you accept Bitcoin for your property if offered?
See the listing here

Spectacular 1 bed/1.5 baths Penthouse unit with high ceilings, unobstructed Biscayne Bay view & Miami skyline. This amazing condo unit features euro-style kitchen, wood floors & impact windows. As boutique style condo, Platinum Condominium includes state of the art amenities such ...

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  investment, market update, bitcoin, downtown miami

Friday, December 1, 2017   /   by Leon Zhivelev

Would you accept Bitcoin as payment for your property?

Just one year ago, if a buyer approached you and offered you Bitcoin for your home, the majority of home-sellers would have kindly rejected the offer. We all know the saying, "Cash is King".

One year later, that same seller would have ended up with ten times as much profit for the sale of their home versus a traditional sale, as long as they held on to the digital 'crypto-currency.'

In December 2016, one BTC (Bitcoin) was valued just around $750 dollars. And today? It’s just a cool $10,500 per single BTC. 

To put into simple math, if your property was listed for $300,000 and you accepted this prospecting crypto-buyer's form of payment and held onto it, you would now have roughly $4.2 million dollars after the 1,300% climb in value of bitcoin in the last year.

Cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions, to control the creation of additional units, and to verify the transfer of assets. Cr ...

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  single-family homes, market update, bitcoin, investment

Wednesday, June 28, 2017   /   by Leon Zhivelev

MAY 2017: Best Month of May In Miami History for Single Family Home Sales

Miami’s single-family home market registered its best May in history as total home sales, median prices, dollar volume, traditional sales and luxury transactions surged, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
Up 9.9% from May 2016, this last month, Miami saw 1,344 single-family home sales, the most in any month of May in Miami History. 
• Total Condo Sales also were up 5.7%
• Total Residential Sales were up 7.7%
• Total Dollar Volume went up 14.7%
The overall health of the Miami market can be seen by the single-family mid-market home sales, or transactions for properties listed between $200,000 and $600,000. Homes within this range rose 27.9%. Mid-Market homes make up 71.9% of all single family home sales in Miami-Dade County.
Miami's single family home prices have risen in 66 consecutive months, over the last 5 and a half years. Prices for single-family ho. ...

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  miami history, market update, single-family homes

Julie's Realty LLC
1700 79th Street Causeway, Suite 160
North Bay Village, FL 33141
305-751-6400

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