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The 2019 Miami Real Estate Forecast: Our Accurate Market Predictions
Our 2019 Miami Real Estate Forecast is coming soon!
As I ramp up towards the end of 2018, my attention is mostly drawn to the 2019 Miami real estate forecast. I can imagine you are fed up with all these reports telling you the market went up 10%, but fails to let you know whether this movement is expected to continue. You want to know what to do next or what to avoid! We have been accurately predicting the Miami real estate market for 10 years now. Please find below our previous predictions.
Our Track Record in Miami Real Estate Predictions
What we Predicted
Increasing months of inventory and decreasing prices in the Brickell condo market.
We have been warning our readers about the condo market (specially the Brickell Condo market) since 2014 in various blogs and annual reports. Our 2015 Brickell report indicated at what price to sell, to hold and to buy Brickell real estate. In 2016 we also started warning our readers for the general Miami condo market. In our 2016 and 2017 reports you can clearly see the difference in condo vs home performance (Pages 3 and 4)
What Actually Happened
Decreasing values in the Brickell condo market
Rapidly increasing inventory levels, allowing for further price decreases
What we predicted
A bullish single-family home market in Coconut Grove and Coral Gables (A balanced amount of inventory and increasing prices)
In 2015 and 2016 we advised buyers to look into the single-family home market. We predicted a healthier level of inventory and price increases.
What actually happened
Healthy Price Increases in Most Price Ranges
Very low inventory levels allowing for more price increases
What we predicted
The Price Increases of Pinecrest Luxury Homes followed by temporary Price Corrections
In 2013/2014 we predicted the investment potential of buying a Pinecrest land or property and to build a brand new luxury home with the purpose of reselling it. Two years later (2015/2016) we predicted the oversupply of Pinecrest luxury homes due to what we call the “Big Mac” effect. This oversupply would lead to a correction in prices
What actually happened
Increasing levels of Inventory after the first investors started having a great Return on Investment
At First Prices were rising followed by two years of price corrections due to ‘Big Mac’ effect.
Our Previous Miami Real Estate Reports
FAQ
These are the most commonly asked Google Real Estate Related questions
1. What are the Current Best New Condos in Miami?
If you want to hear in more details our opinions on the best new Miami new construction condos. Please read this article:Best New Construction Condos 2022-2023.
2. What is the best New Construction Condo in Fort Lauderdale?
In our opinion, the Residences at Pier Sixty-six are certainly the most interesting and unique. Already well underway this 32 Acre project will be home to the first of its kind Marina where owners will be able to anchor up vessels up to a staggering 400 ft! For specifics of this project see our independent review of this project.
3. How can I compare the new luxury construction Condos to the best existing Luxury Condos in Miami?
Our Best Luxury Condos in Miami article will prove to be very useful to those looking to compare the existing to the new. You may also want to watch this video which shows the performance of the best Condos in Miami over the last 15 years!
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