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The Coronavirus and Miami-Dade's Luxury Real Estate Market - Third Update

Amit Bhuta

Although he was born in India, Amit Bhuta has been living in South Florida for over 40 years and truly loves everything about his home in Miami. ...

Although he was born in India, Amit Bhuta has been living in South Florida for over 40 years and truly loves everything about his home in Miami. ...

Apr 3 2 minutes read

Today is just about three and a half weeks since our lives in South Florida have changed dramatically. The moment in time that I am using for this is the day the NBA suspended their season. 


The reason I am using this specific event is because, to me, it seemed like EVERYONE in our community started taking the Coronavirus much more seriously. 

As I mentioned in the past, Jade, Will, and I are heartbroken with all the people that have lost their lives and all the people who have been affected so much by COVID-19. 

We are constantly praying for all of you and all the unsung heroes that are sacrificing so much to make all our lives better. 

Quite a few of our clients have told us that people want to know what's going on with the Miami real estate market. So here is our third update.

They told us to update you weekly on what's going on in the luxury real estate market in Miami-Dade County - how many people are putting their homes on the luxury real estate market compared to the past, how many offers were accepted compared to the past, and how many sales closed. 

So that's what we are going to update you on. If we can ever do anything to help you or your family, NOT only real estate, please don't hesitate to contact us

These numbers are for Miami-Dade County's luxury real estate market (Residential Real Estate Properties $1 Million+).

March 27th - April 3rd - 68

March 20th - March 26th - 52

Last Year's Numbers - 177

March 27th - April 3rd - 13

March 20th - March 26th - 15

Last Year's Numbers - 41

March 27th - April 3rd - 37

March 20th - March 26th - 22

Last Year's Numbers - 54

 


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