As the reports continue to roll in that investors at home and abroad have set their sights on Miami’s enviable climate, waterfront culture and luxury lifestyle, it is no surprise that Miami-Dade real estate continues to show growing strength according to the latest report released by ONE Sotheby’s. With incredible luxury condominiums springing up throughout South Florida, from 1000Museum to the quickly selling Brickell City Centre, it is clear that Miami has become a prized destination for vacation homes and investment opportunities.
The 3rd Quarter update shows that across Miami-Dade average home prices for properties over 500K have increased by an impressive 19 percent, since this time last year. Overall there has been less transactions, and an increase in demand coupled with less inventory has driven prices up. The average price for the rare and highly desirable waterfront, Single-family home, for instance, has increased by a whopping 52 percent. With several exclusive listings meeting the demands of luxury investors seeking homes close to the heart of Miami’s vibrant culture and waterfront access, contact the Dennis Carvajal Group for expert guidance in this high-demand niche market. Find more stats in the chart below and details on Miami’s flourishing real estate market in the ONESIR report here.
With over 11 years of experience and an established reputation as one of the top producing agents at ONE | Sotheby’s International Realty, I live to share my luxury real estate expertise with clients looking to buy and sell in Coral Gables and surrounding South Florida communities. Find all information about my background and services on my website.