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Absorption rates in real estate refer to the percentage of available real properties sold within a certain time frame. We can use absorption rates to evaluate the health of the market and to estimate the length of time properties will sit in inventory.
The higher the absorption rate, the faster homes in the market will sell. An absorption rate above 20% is a seller’s market, and one below 15% is a buyer’s market.
Welcome to Miami! Now is the time to invest in real estate in this unforgettable tropical paradise. Here at Manhattan Miami Real Estate, we are the experts in homes for sale in Miami.
Residential areas that are trending keep popping up all over the place. New homes are being constructed west of US1. Considering the price tag of homes to the east of US1, these homes are a bargain. Furthermore, some areas that weren't initially on the map are exploding in popularity. Simply put, insider knowledge is required to successfully navigate the Miami market.
Traditional hotspots, such as Coral Gables, Pinecrest, and Coconut Grove continue to perform well. Others that are on our radar include:
There is no shortage of festive things to do for the holidays in Miami. Here is a list of 12 of the best activities to get you started.
Deering Estate: Deering Estate is home to the popular Festival of Trees. Guests can stroll the decorated grounds while enjoying hot chocolate and cookies. Kids are welcome at this family-friendly festival.
Tchaikovsky’s Nutcracker: No holiday season is complete without a viewing of Tchaikovsky’s Nutcracker, presented by the Miami City Ballet. All of your favorites from the traditional performance will be on hand, including the Waltz of Flowers and the Dance of the Sugar Plum Fairy.
Zoo Lights: Everyone will have a roaring good time at Zoo Lights at the Miami Zoo. The zoo is awash in twinkling lights, creating a magical wonderland. Visitors will be able to take in the light show while also viewing the animals that call this place home.
Winterfest Boat Parade: Lean on the best of Miami living by attending the Winterfest Boat Parade, located in Fort Lauderdale. Gathering along the 12-mile parade route is a great way to enjoy the beautiful weather during this time of the year.
Matzo Ball: Be sure to stop by Matzo Ball for some of the best tastes of the season. In addition to delicious food, you can also dance and drink your favorite Miami-inspired cocktails at this nightclub.
Vizcaya Museum & Gardens: This historic estate is the place to be during the holidays. The celebration includes the chance to walk through the stunning gardens, food and drink options, and craft stations.
Santa's Enchanted Forest: Known as the world's largest holiday theme park, this venue will delight people of all ages. The enchanted forest includes rides, animal performances, light shows, and the tallest Christmas tree in South Florida.
Bayfront Park: A visit to Bayfront Park is a must-do this holiday season. This park features a 52-foot high Christmas tree, light shows, and a popular Christmas ceremony.
Winter Shorts: Want some drama? Head to City Theater's production of eight winter shorts that will leave your heart bursting.
Tri-Rail Winter Celebration: A train ride is a magical way to celebrate Christmas. The festival features 20 tons of snow, bounce houses, food trucks, holiday carolers, and more.
Celebrate the magic of the holidays in South Florida with this list. Even if you are not an expert on Miami real estate, this guide will provide you with the recommendations you need to immerse yourself in the holiday fun.
The real estate market in Miami is constantly on the move. You may wonder how different neighborhoods fare in comparison and which are the best neighborhoods to buy a home in Miami. Many potential homebuyers and investors also want to know whether the market will continue on this rapid upward trend. Keep reading to discover how each neighborhood compares.
Read MoreWhether you plan to retire at the beach or you have a new job opportunity in one of the area's business hubs, south Florida offers a surprisingly wide range of housing options for people with different needs and different tastes.
This guide will tell you everything you need to know about moving to South Florida from a South Florida realtor.
With a limited number of homes for sale in Miami, it is hard to compete against all-cash buyers. Here are 6 ways that can help your offer get accepted in this hot real estate market.
If you'll be traveling in South Florida, be sure to add a stopover at the Jungle Island attraction in Miami to your itinerary. It's the perfect action-packed family adventure on the way to or from Miami Beach. Adults and kids of all ages will thrill at the chance to mingle with sloths, lemurs, kangaroos, tortoises, and other rare, adorable animals while exploring the park's lush, tropical grounds.
The unique island park off MacArthur Causeway features thousands of tropical birds along with giant reptiles and fascinating primates. Winged residents include about 1,106 macaws, parrots, and other exotic birds. The noisy, opinionated fauna reside on 18 pristine landscaped acres of otherwise quiet and peaceful flora with grounds featuring around 500 species of plants and flowers.
Visitors to the Jungle Island zoological park delight in cute animal antics like a parrot riding a miniature bike and other engaging shows. The Winged Wonder performance features singing Amazon and Andean condors. Wild Encounters stars tigers, apes, and even a liger while Reptile Giants showcases alligators, crocodiles, and snakes. In addition to the entertaining shows, visitors enjoy informative exhibits and hands-on interactions amid streams and waterfalls, underneath a canopy of tropical trees. They can also sign up for a VIP behind-the-scenes guided tour.
Founded in 1936, the iconic eco-park on Watson Island between Downtown and South Beach is one of the oldest and best attractions in Miami. The well-loved South Florida landmark opened under the name Parrot Jungle in suburban Pinecrest. In 2002, it was purchased for Pinecrest Gardens and moved to its present island location. The name was changed back to Parrot Island in 2007.
The popular attraction has continued to evolve over the years. It went through several major renovations after suffering damage from Hurricane Irma in September of 2017. The park now has pop-up waterslides, zip lines, a Nerf battle stadium, jungle-themed escape rooms, and an outdoor wind tunnel flight experience that sends participants soaring over the Miami skyline. Visitors can enjoy all these features and other attractions while the park continues to undergo millions of dollars worth of renovations.
Renovation plans for Jungle Island include a resort hotel and an eco-themed adventure park. The resort will have stunning views of the Magic City skyline and Biscayne Bay. Future visitors can also expect ziplining among trees, bungee jumping, a lazy river, a crystal lagoon, and a virtual reality experience.
Jungle Island is more than a popular attraction for families with kids that frequent South Florida's beaches. The newly-renovated Treetop Ballroom with outdoor spaces and a private beach also serves as a destination for special events. It provides an excellent day out for any large or small group from company picnics to intimate day or nighttime events. The park's event specialists and chefs help guests plan weddings, bar mitzvahs, showers, and other gatherings.
The experts at Jungle Island can create and customize a dream event in a spectacularly beautiful South Florida setting.
The world of real estate and mortgage offers a vast assortment of financing options and programs. The abundance of options makes it possible for you to get a new home with a down payment of 0-3.5% with an excellent credit score and other qualifying criteria. However, offering a down payment of 20 percent is wise, even if you don't have to. This bold move can benefit you in many ways. Below are some of the benefits of purchasing your home with 20% down.
Are you one of those people that religiously monitor the value of your home? If you do, you aren't the only one. However, you might be wondering what little-known things can help you increase the value of your home. Of course, we know of the big things like making repairs and replacing certain appliances.
These big things matter the most, but there are still other ways you can increase the value of your home without going overboard. What is your home's value? It is simply an estimate of what the market is willing to pay for the home. It is usually available on MLS websites, and you can even go with one of the many real estate companies in Miami to help you find an answer.
You have worked hard all year. Now, it is time to celebrate your dedication and the end of summer. So, check out these festivities and have a fun-filled Labor Day weekend in Miami.
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