Now that Summer is close to ending, what do you see as the takeaways from the last six months?

The last six months have been some of the busiest months the Miami market has ever seen. The influx of buyers from New York and California has really boomed the Miami market. Before COVID-19, I would say the market was a buyers’ market, but as the supply has dropped and demand is up, we are seeing now the sellers have the power in the market. We have seen homes selling in record speeds and prices, and homes actually increasing their price on the market whereas we are used to reducing prices.

Photo Credit: Courtesy of Boschetti Realty Group

Is there an area from which buyers are relocating to your market?

The biggest influx of buyers has to be from New York. We have seen two homes over $22M in Gables Estates going to buyers coming from New York. Gables Estates new constructions are selling in record speeds as there is not enough supply for the demand of buyers wanting to move in Gables Estates.

Photo Credit: Courtesy of Boschetti Realty Group

How has your market been doing so far this year compared to this time last year?

The market has definitely seen a jump. I have about seven properties under contract right now closing in the next month or so. At this point, I have shifted into getting more listings as to before I was more worried and focus on selling my current listings. Our marketing has been shifted to getting buyers from New York and it really has helped.

The post Miami Real Estate Market Update With Maurice Boschetti appeared first on Haute Residence by Haute Living.

Maurice Boschetti And Silvia Boschetti present

Spectacular 2017 Modern House with a great floor plan and volume ceilings in the highly desirable Ponce Davis area. This 7 bedroom, 8.5 bathroom home sits on over a 35,000 SF lot just off Old Cutler Road. Features include a large master suite, full summer kitchen, start-of-the-art appliances, movie theater, a security system, and many more. Within close proximity to the top schools, parks, restaurants, and shopping.

Address: 4895 Pine Dr, Miami, FL, 33143

Price: $6,500,000

For more information, please contact Maurice Boschetti and Silvia Boschetti at (305) 790-8729, (305)-298-0447 or mboschetti@boschettirealtygroup.com.

Maurice Boschetti And Silvia Boschetti are the exclusive real estate agents representing the Gables Estates, North Pinecrest, and Brickell, FL real estate market as members of the Haute Residence Real Estate Network. View all of their listings here.

Photo Credit: Courtesy of Boschetti Realty Group

Photo Credit: Courtesy of Boschetti Realty Group

Photo Credit: Courtesy of Boschetti Realty Group

Photo Credit: Courtesy of Boschetti Realty Group

The post A Spectacular Modern Home In Miami By Maurice Boschetti And Silvia Boschetti appeared first on Haute Residence by Haute Living.