SOUTH FLORIDA NEWS - south florida

Why Broward Home Values Are Dropping While Miami’s Keep Rising

The South Florida housing market is starting to show signs of a shift, but not in the same way everywhere. According to recent data from Zillow, some cities are seeing home values drop while others continue to rise. If you’re looking to buy or sell, understanding these local trends is key.

Let’s break down what’s happening and why some parts of South Florida are cooling off, while others remain hot.

South Florida Housing Market Overview 2025

The latest data shows a split in home and condo values across the region.

• Palm Beach County and Broward County are seeing general price drops.
  

• Miami-Dade County, on the other hand, shows rising values in many ZIP codes.
  
  

The reason? Rising inventory and shifting buyer preferences.…

4612 Views, 0 Comments

Vanderbilt University’s West Palm Beach Campus: Impact on South Florida’s Future

In August 2024, we informed you about Vanderbilt University’s proposed graduate campus in West Palm Beach — a bold plan with the potential to reshape South Florida’s economy, education, and job market. Fast forward to today, and that proposal is gaining serious momentum. With land officially granted and fundraising already underway, the university is moving full speed ahead on what’s expected to be a multi-billion-dollar investment in the region.

In this article, we’ll break down the impact of Vanderbilt’s West Palm Beach campus, the timeline for development, and how this prestigious institution could shape the future of the region. From job creation to educational opportunities, the ripple effects will be felt across South Florida — and the benefits…

1674 Views, 0 Comments

Palm Beach Oceanfront Mansion Sells for $73 Million in Off-Market Deal

A Palm Beach oceanfront estate near Mar-a-Lago has changed hands in a private sale for $73 million—nearly doubling its 2020 purchase price.

High-Profile Sellers and a Lucrative Return

Brenda and Ric Elias, who bought the property five years ago for $37.25 million, were on the selling side of the transaction. Ric Elias, a billionaire entrepreneur, is the co-founder and CEO of Red Ventures, a digital media powerhouse based near Charlotte, North Carolina.

While the original sale wasn’t recorded with a deed at the Palm Beach County Courthouse due to its structuring, property records confirm the Eliases' acquisition.

Inside the Estate: Luxury and Architectural Excellence

The 14,908-square-foot estate, completed in 2018, features eight…

1115 Views, 0 Comments

How Florida’s HB 913 Could Affect Condo Owners and Developers

Florida lawmakers are looking at a new bill, House Bill 913 (HB 913), which could impact condo associations, insurance, and property development across the state including South Florida. The bill, introduced by Rep. Vicki Lopez, aims to improve safety rules, give condo boards more financial power, and increase transparency in condo-hotels.

Tougher Safety Rules for Condo Associations

One big part of HB 913 is restricting access to Citizens Property Insurance, Florida's state-backed insurer, for condo associations that don’t follow updated safety rules. These rules, set after the 2021 Surfside condo collapse, require condo buildings to undergo structural integrity studies and inspections. If a condo association hasn’t completed these inspections, it…

1232 Views, 0 Comments

Townhouse Growth Surges in Broward County as Land Becomes Scarce

A major townhouse development is coming to Lauderhill, transforming a former golf course into a 650-home community. As land availability continues to shrink and costs rise, townhouses are becoming the go-to choice for developers and homebuyers in South Florida.

Townhouse Construction Outpacing Single-Family Homes

A recent report by the National Association of Home Builders (NAHB) indicates a significant shift in the trend of house construction. Townhouse building increased by 10% in 2024, overtaking single-family home construction. Nationally, 174,000 townhomes were built last year, compared to 158,000 in 2023.

Broward County is emulating this trend, as nearly half of the new single-family homes constructed in 2024 were townhomes. Figures from…

1790 Views, 0 Comments

Top Things to Do in Boca Raton: A Guide for Visitors & Locals

The gorgeous community of Boca Raton lies nearly 50 miles to the north of Miami in the Palm Beaches. This place was originally formed in the early 20th century as a primary resort in South Florida. Boca Raton has subsequently grown into a desired destination of beautiful beaches, parks, cultural attractions, and an exciting dining scene. Architect Addison Mizner was a central figure in giving Boca its character especially with the designing of the city's hallmark town hall, Mizner Park, and the grand Mediterranean-styled pink "castle," the Boca Raton Resort & Club, which stands tall today as a landmark.

Boca Raton, or "Boca," as the locals fondly call it, is the second-largest city in Palm Beach County. It is celebrated for its wildlife conservation…

7601 Views, 0 Comments

Why South Florida's Foreclosure Rate is Among the Highest in the U.S.

Current Foreclosure Rates & Trends

A new analysis from ATTOM, the nation's leading real estate data analytics firm, shows that South Florida still struggles to address one of the highest rates in the nation regarding foreclosures. In August 2024, one out of every 2,429 housing units in South Florida saw a foreclosure filing, putting it 12th among the key metropolitan statistical areas in the United States. Over 1,000 homes throughout Miami-Dade, Broward, and Palm Beach started some form of the foreclosure process.

In August, 422 homes in Miami-Dade County were listed as being in the foreclosure process. This represents one out of every 2,604 units in the county, an increase of 23.28% from July and 8.4% year-over-year.

In total, 312 of 2,270…

6632 Views, 0 Comments

Boca Raton Real Estate Market Update 2025: What You Need to Know NOW

It seems that at the tail end of 2024, the South Florida real estate market had some big changes compared to a year ago. From increased home prices to increased days on the market, here's a closer look at the leading trends shaping buying and selling in the Boca Raton area.

Home Prices on the Rise

• The average sale price is up 23% year-over-year, standing at $1,127,794 in December 2024 from $919,885 in December 2023.

• The median sale price increased by 3%, growing from $580,000 to $594,950 year-over-year.

• Year-to-date, the average sale price rose 24% and the median sale price was up 11%.

This uptick in price is representative of continued demand across all segments but especially within the luxury markets as…

9554 Views, 0 Comments

Camino Square Boca Raton: Retail Plans Shift to 400 New Apartments in Phase 2

Initial Plans for Retail and Mixed-Use Development

The Camino Square development in downtown Boca Raton was supposed to be a mixed-use project targeted at redeveloping the area. The first phase of the project involved the demolition of a Winn-Dixie-anchored retail center in order to make way for a modern complex with 350 apartments across two eight-story buildings. Retail space was the original focus of the project, with the second phase approval given for over 37,000 square feet of retail use. However, market conditions since the application and approval process have shifted this focus.

Location and Significance of the Project

Located at 171 West Camino Real, the Camino Square sits on one of the most prime 9.1-acre sites in the heart of…

3947 Views, 0 Comments

Why South Florida Condo Prices Could Drop by 40%

After years of soaring property values, South Florida’s condo market may face a significant shift. Analysts predict prices could fall by as much as 40%, creating challenges for sellers but potential opportunities for buyers. What’s driving this anticipated change? Let’s take a closer look.

Overview of the South Florida Condo Market

Pandemic-Driven Price Increases

In its wake, the pandemic triggered a real estate boom in South Florida. High-income households moved to the region, snapping up waterfront condos to beat restrictions in other states. The surge drove prices to peak at $379 per square foot in 2024, compared to pre-pandemic levels.

Current Market Trends

However, it lost steam. Sales of condos and townhouses retreated 19.6% on a…

9268 Views, 0 Comments