Why North Miami.Por qué North Miami.
For most of its life North Miami has been the affordable mainland. Low-rise 1960s and 1970s condominium stock along NE 125th Street and Sans Souci Boulevard, priced for people who work in Miami rather than for people visiting it. Across the 161 condominiums on the market here as I write this, the asking prices run from $80,000 to $2,900,000 and the middle of the market wants $219,900, which is about $233 per square foot. In Brickell that number is four to five times higher.Durante casi toda su historia North Miami ha sido el continente asequible. Condominios bajos de los años sesenta y setenta a lo largo de NE 125th Street y Sans Souci Boulevard, con precios para quien trabaja en Miami y no para quien la visita. En los 161 condominios en el mercado mientras escribo esto, los precios van de $80,000 a $2,900,000 y la mitad del mercado pide $219,900, cerca de $233 por pie cuadrado. En Brickell esa cifra es cuatro o cinco veces mayor.
Then SoLE Mia arrived. It is a 184-acre masterplan by Turnberry and LeFrak on the old Biscayne Landing site, and One Park Tower is its first residential building, finished in 2026 with a Laguna crystalline lagoon at its feet. Look at our own listings and the effect is immediate: the five highest asking prices in the whole neighbourhood are all at 2411 Laguna Circle, from $1,550,000 to $2,900,000, on a street that did not have a condominium tower on it three years ago.Entonces llego SoLE Mia. Es un plan maestro de 184 acres de Turnberry y LeFrak en el antiguo terreno de Biscayne Landing, y One Park Tower es su primer edificio residencial, terminado en 2026 con una laguna cristalina a sus pies. Mira nuestros propios anuncios y el efecto es inmediato: los cinco precios más altos de todo el barrio estan en 2411 Laguna Circle, de $1,550,000 a $2,900,000, en una calle que hace tres años no tenia ninguna torre.
The honest part, and it is the reason to read the market cards carefully. North Miami is carrying about thirteen months of condominium inventory, which is a deep buyer market by any measure, and homes here close at roughly 95 per cent of asking after about eight weeks. That is a very different negotiation from Sunny Isles or Aventura. It also means the two halves of this neighbourhood should not be judged by the same number: a 1972 building on NE 125th Street and a 2026 tower at SoLE Mia are not competing for the same buyer, and averaging them tells you nothing about either.La parte honesta, y la razón para leer con cuidado las tarjetas de mercado. North Miami carga unos trece meses de inventario de condominios, un mercado de compradores profundo por cualquier medida, y las viviendas cierran alrededor del 95 por ciento del precio pedido tras unas ocho semanas. Esa es una negociación muy distinta a la de Sunny Isles o Aventura. También significa que las dos mitades de este barrio no se juzgan con el mismo número: un edificio de 1972 en NE 125th Street y una torre de 2026 en SoLE Mia no compiten por el mismo comprador, y promediarlos no dice nada sobre ninguno.
