The 2019 Miami Real Estate Forecast: Our Accurate Market Predictions
Download our 2019/2020 Miami Real Estate Forecast Now!
THIS IS A TOTALLY DIFFERENT KIND OF REPORT. We provide advice for both buyers and sellers and of course in addition to this have provided you with 6 key forecast bullet points (or more) per neighborhood making it easier to get a sense of the behavioral and psychological landscape. Cross reference this with the tables of information and numbers and you are going to gain clarity on where we are in the economics cycle, what to do and when to do it. Further layer this by staying up to date with our weekly blogs on the site: www.luxlifemiamiblog.com and you have a solid blue print for the year ahead.
The Economics Health Indicator was a brainchild idea of mine created from the need to simplify (without diluting) the explanative processes holding together a neighborhood’s performance. Buying and selling comes with risk, and what I discovered was that if I combined key indicators together and balanced them precisely I could tell how healthy or sick a particular market was. In short I was able to build a better scoreboard to read the market with. As the Warren Buffet saying goes: “If you cannot read the score board, you won’t know the score and if you don’t know the score you cannot tell the difference between the winners and the losers!”.
Much in the same way your doctor or performance coach can asses your health: blood pressure for stress, blood test for immunity, body fat levels and diet for metabolism, heart rate and Vo2 max for aerobic fitness so we learned how to asses the health of the neighborhood. Is your neighborhood fit or is it sick and about to go into ‘Economic Cardiac arrest’ with values dropping like a stone?
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