New Marlins Park having little impact on local real estate market so far

While there was much optimism that the new Marlins Park would generate renewed interest in the local Little Havana area, the impact has been slight so far, according to Peter Zalewski, founder of Condo Vultures. In a Miami Herald column, Zalewski said the neighborhood’s resale market saw just seven single-family sales and three condo sales in the first four months of 2012. That would project to less than 50 total resale transactions in 2012, in an area that has averaged annual sales in the 40s in recent years. Leases have improved in the area, however, with 23 new residential leases signed in the first four months of the year. [Miami Herald]