Are You Ready to Buy Miami Real Estate in 2017?
New Year – New Chances!
Is this the year to invest in Miami Real Estate?
2016 Has come to an end and we have entered 2017. Many people might have considered becoming a home owner or to buy a new or second home in 2017. This is an often life changing decision that requires a lot of thought and market knowledge. “Where should I invest?”, “What is the best property to invest in?” and “Will I see enough return on investment?” is what keeps many buyers awake at night. Whether you are sure about investing in Miami or merely considering to buy, one can never loose by investigating a real estate market. If you don’t have the patience or time to do your own research feel free to pick up the phone and call us for an insightful conversation.
As mentioned in our 2016 report, one should never generalize a market like many out of town reporters do. They often use data from the city as a whole to then make overall conclusions on these data. Each market provides its opportunities and whether a market works in your advantage or not depends on your personal goals, the (type of) property you want to purchase and in which market you would like to invest
Read the 2016 Miami Residential Real Estate Report to see how your neighborhood of choice performed in 2016 and what areas are best to invest in in 2017!
Should you invest in Miami Real Estate in 2017?
Whether you should invest in Miami real estate or not all depends on your personal goals. You might need a cozy home to raise your children close to Miami’s best schools or an investment property to gain maximum return. Whatever your reason to buy in Miami might be, I am here to make your life easier. As mentioned before Miami offers many sub-markets and real estate products and they perform differently over time. The condo market for example is seeing a strong increase in months of inventory meaning the market is becoming more and more of a buyers market. A market in which buyers have an advantage over sellers. There are some great opportunities here as many owners want to sell quickly. Call me for more information on the different condo markets or consult our 2016 Miami real estate report.
The single-family homes market is still going strong as ever with the hot neighborhoods like Coral Gables, Pinecrest and Coconut Grove increasing slowly but steadily in price while many new and often less covered areas are increasing rapidly in popularity and price levels. Areas such as the Roads, Miami Shores or High Pines are up and coming and offer interesting investment opportunities. Give me a call today to discuss the best areas for investment.