The 2017 Miami Real Estate Report
The 2017 Miami Real Estate Report
With much talk about a slowing Miami Real Estate Market and articles from the more educated Journalists talking of ‘market correction’, it is fair to say that when we look at the overall 2017 Q1 – Q3 stats we are not in the same ‘boom period’ of 2014 / 2015. However… Savvy real estate investors can still find great opportunities in the Miami market – the biggest opportunities present themselves not in an upward market but a downward one. For those who are relocating buyers you can still protect your financial investment by purchasing in a number of neighborhood submarkets that are extremely stable and /or some that are actually going up! The report actually shows the floor and ceiling prices for every market so you can best spot deals or know where to offer to capture that best deal. For sellers this report will hopefully give you an insight into what your home value might be in 6 months or even a year from now. It may also help you appreciate your neighborhood home values better and the best strategy to take when selling!
How to recognize a good quality Miami Real Estate Market Report?
Miami has always been a city of Substantial variety, both in its people and culture, so its no surprise that this transcends into the real estate landscape too. Most neighborhoods when compared to each other have a very diverse and different demographic profile of buyers and sellers. This results in them performing in a very varied manner, some in fact can operate in a completely opposite manner depending on the economic situation of the city at both a micro and macro level. You will often hear me refer to ‘Containment and Contamination’ across neighborhoods and price sectors, in short buying or selling does not happen in a vacuum and those either buying or selling need to look specifically at the performance of the price point that they are looking at as well as the neighborhood itself. The great beauty of this is that when done correctly it allows investors to make a profitable move from one neighborhood to another even within the same city – akin to jumping off the elevator going down onto the elevator going up.
This report covers the Key Neighborhoods of: Coral Gables, Coconut Grove, Pinecrest, South Miami, Palmetto Bay, Key Biscayne, Miami Beach, South Beach and the Islands, Fisher Island, Brickell, Downtown Miami, Edgewater, Sunny Iles Beach, Bal Harbour, Bay Harbor Islands and the Upper East Side
What we have done differently to other reports is to add our own personal narrative. This is based off our extensive ‘out in the field’ experience. This report was not compiled by Journalists or analysts that live outside Miami, but comes from real world knowledge and understanding of what we hear day in and day out from consumers. We aim to explain the stats better to help paint a fuller picture of the market. Fundamentally this is an actionable report.
Download the 2017 Miami Real Estate Market Report
