Real Estate Assets

Good fortune has begun to shine again on Miami's condo market after a long period of ups and downs. According to a recent study commissioned by the City of Miami's Downtown Development Authority (DDA) and conducted in partnership with Goodkin Consulting and Focus Real Estate Advisors LLC, condo sales and occupancy rates are on the rise.Similarly, Miami's existing home sales rose in March. Home sales increased by 24 percent last month with a total of 16,294 homes sold in the state of Florida. This is significant compared to the 13,090 homes sold in March 2009, according to Florida Realtors. The report by Florida Realtors also reported a 63 percent increase in statewide sales of existing condos last month.According to the DDA study, there is nothing but good news in the Miami condo market. The market is now coming out of the most prolific overbuilding in the history of Southeast Florida.The good news isn't just coming from the DDA though. The Residential Closing.