July 2014

Found 2 blog entries for July 2014.

One of the prestigious homes in Miami, Florida, which is owned by “BCBG” brand famous designer Max Azria is now listed in the market for $7 million. The luxury condo residence was bought by Azria for $3.44 million in 2005. The grand white marble condo is located on Fischer Island, just 3 miles away from mainland Miami. This residential area is known to be home of other celebrities and high profile residents according to Realtor Blog.

The elegant home covers a total living area of 5,790 square feet and features 5 bedrooms, and 5 ½ bathrooms. It has an open floor plan for efficient indoor-outdoor flow. The home occupies the 6th floor in a 9-story luxury building. From the entrance, you will see the magnificent living area, the fireplace, and a dining

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Based on the report by the Miami Association of Realtors, the median sale price of single-family homes in Miami-Dade County was $243,000 and it was by the end of April 2014. It was considered higher by 8% compared to the median sale price in 2013. The median day a single family home is listed on the market is 43 days with supply of inventory of 5.5 months.

Records showed that a major percentage of the wealthy homebuyers in Miami real estate market is from overseas, according to a realtor in Florida. Large portion of these wealthy foreign home purchasers pay for the homes in cash creating the notion that “Cash is still King” in Miami’s real estate market.

According to the CEO of Century 21 Premier Elite Realty, Patricia Delinois, more than half of

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