This an exciting time to join us in South Florida! Whether that is for a short first-time visit, or an extended stay with thoughts of investing in real estate. Look at all we have to offer, in addition to our tropical beaches and "Chamber of Commerce" blue skies, The Miami Boat Show opens on Virginia Key this weekend; next to Key Biscayne. The Coconut Grove Art Show opening the 17th featuring some truly amazing local talent as well as a host of international artists, and on the 21st, we have the Miami Beach Food & Wine Fest.
Some good movement in the market place, in the last quarter of 2017, and beginning 2018. Buyers are ready to buy, and pay cash for property, when they find value. Inventories have been increasing...great news for Buyers and investors.
We all know there are many reasons why we love Miami! We love to live, work, study, and play here. There are many reasons why this city is emerging on the global scene and is becoming one of the greatest cities in the world! Fortune International Group speaks to us about the top 10 reasons why Miami is such an incredible place to call home.
According to this article, in Miami, home prices rose 6.8 percent in December year-over-year, marking the sixth highest increase in the nation, although that growth is slowing." What I have seen is this depends on the area. If you are looking for waterfront, you will see prices are softening as inventories increase, both in condos and single family homes. Among first-time home buyers, and affordable pricing, there continues to be a shortage, and prices reflect that. The millennials are right! Miami is always a great place to buy!!
The market is changing, but there is no distress in the market as we saw in the 2008-2010 cycle for several reasons: tighter mortgage controls, less than half of the development inventory compared to the last cycle, and interest low interest rates are holding; at least for the next 12 months. If you’re a buyer looking for your Miami condo, whether in the heart of Miami, or waterfront, now is a good time to make your move while interest rates are low, inventories are increasing, and prices are softening. Development projects are closing without levels of distress as the last cycle. .
Miami inventories are increasing, and pricing is softening, largely due to a slowdown in international investor buyers from Brazil and Europe caused by a strong US dollar, post-election market uncertainty, interest rates. The good news, Miami continues to grow and becomes a more vibrant international destination for investors, new resident relocation and tourists!
Major changes to on the way for #Cocowalk and the #ShopsatSunsetPlace The #CocontGroveArtFestival brought out huge numbers this past weekend, many on foot and n bikes. Attractive indoor/outdoor mixed-use centers with adequate pedestrian and biking access with bike racks will encourage more people to come out and enjoy their neighborhoods and leave the car at home on weekend.
The changing face of Brickell !!
For those snowbirds looking for an amazing beach location, just minues north of Miami, look no further than Sunny Isles Beach: Extreme luxury incomparable elegance,,concierge service and pricng tat works!
Our market is slowing somewhat because of world trends right now, but we are far from the oversaturation of Miami-Dade inventory that was experienced the last market "bust" According to Trend Magazine, the most popular luxury price point — $1 million to $5 million — suffered a slight dip in sales during 2015. A total of 890 single-family homes in that sector were sold in the county last year, down from 918 in 2014. Inventory, on the other hand, grew from an average of 848 properties per month to 1,031 properties per month between the two years. " This means good news for homebuyers. There is more inventory to choose from, less bidding wars, and more-negotiable Sellers responsive to your reasonable Offers!
HumanRightsWatch.org. Uniting voices to stand up against injustice, violence and hatred in our midst.