skip to Main Content

Rapid Growth Makes Miami The Magic City

Miami is known for beautiful beaches, Cuban culture, and an exciting nightlife. The city that was once in the epicenter of the housing bust is now a roaring market that’s attracting savvy investors.

The sandy beaches are one of the biggest draws in Miami. The weather is beach-friendly year round. The culture sprung up around beach life and spawned a thriving nightlife. In addition to surf and sand, Miami offers the natural beauty of Everglades National Park and Biscayne National Park.

Miami is famous for its cultural diversity, with more than half of its residents being foreign born. The Cuban culture is ever present and an integral part of Miami. Yearly events including the Art Basel show and the South Beach Food and Wine Festival attract visitors from across the city and around the world.

Miami was hard hit by the housing crash, which impacted both real estate and the economy in general, but it has come roaring back in the years since. Buoyed by Florida’s low tax environment, with no income, inheritance, or estate taxes, Florida is on pace to have a one trillion dollar economy by 2018 according to an economic forecast by the University of Central Florida.  That in addition to a low 5% unemployment rate, makes Miami an attractive market for residents and investors alike.

The real estate market has also been strong, fueled by by foreign investment and easy connections to Miami International Airport. Allan Kleer, a Master Broker with ONE Sotheby’s International, says “Asia has recently started providing us with a new and strong source of buyers for luxury condominiums and larger investment properties. They are aggressive in pursuing good locations and opportunities to renovate prominent waterfront sites, such as the former Miami Herald headquarters.”

 

Miami always has a strong new construction environment and resale market. This is especially true in the luxury condominium and luxury single family home markets. In July 2017, the Miami Association of Realtors reported a jump of 51.1% in sales of existing luxury condominium sales and a 9.6% bump in luxury single family home sales, with a 2.5% increase in total condominium sales.

Prices have gone up 68 months in a row for single family homes and 71 out of 74 months for condos. The median number of days from listing to contract were 41 days for single family houses, a 12.8% decrease from the previous year, and 72 days for condos, down 1.4% from last year. However, distressed property listings were down from last year, with 2.7% of sales being short sales and 8.2% being REO (bank owned properties). The total of 10.9% is down from 14.7% last year and a peak of 70% in 2009, according to the Miami edition of the World Property Journal.

 

Are you looking for fix and flip loans?  Black Square is a fix and flip lender.  We help you secure hard money construction loans from our hard money lender for rental property.  When you’re looking for lenders for real estate investors, or private investor for real estate.  We can provide rental property financing because Black Square is a rental property lenders.

 

 

 

 

 

 

This Post Has 118 Comments
  1. Hello there. I discovered your blog via Google while searching for a comparable matter, your web site came up. It appears to be great. I have bookmarked it in my google bookmarks to come back then. Sasha Herschel Sabir

  2. Donec mollis nunc rutrum, molestie mauris dignissim, sagittis risus. Fusce lacinia vel velit varius sollicitudin. Vivamus porttitor orci nec turpis egestas posuere. Aenean eget rhoncus massa. Donec ante erat, molestie ac enim a, accumsan cursus est. Donec eleifend mattis massa, ut aliquet quam consectetur id. Quisque et elementum diam. Sed congue ligula non leo pharetra consectetur. Nanny Nev Biron

  3. In the video below you are going to see how I use xxx to find places on high quality targeted blogs to leave comments and to build some really fantastic high authority backlinks and although in the video below, I only find a couple of places, but if you spend a little longer, then you find some great places to leave your link. It really does go to show that I am doing this live and not staged because of I was I would have pre-found the links.

  4. The road seemed to stretch on endlessly before us, but Alexis assured me that our journey was near an end. We’d turn before long into thick woods and travel through narrow, winding roads until we reached her family’s cabin. I had no choice but to trust her as GPS had given out nearly 20 minutes ago.

    “There’s good wifi and okay reception at the cabin,” she’d told me, “but you can’t get there unless you know the way.”
    https://dianakingking81346555156.jimdofree.com/
    So here I was, driving alone in the middle of god knows where with a girl who was my student just a couple of weeks ago. Her and her four best friends had been together from first grade all the way through high school and now they had graduated with very different futures ahead of them. They had decided to kick off “the best summer ever” with a week long stay at Alexis’s family cabin. Alexis and I were heading up before everyone else, the four other girls and four guys.

  5. The road seemed to stretch on endlessly before us, but Alexis assured me that our journey was near an end. We’d turn before long into thick woods and travel through narrow, winding roads until we reached her family’s cabin. I had no choice but to trust her as GPS had given out nearly 20 minutes ago.

    “There’s good wifi and okay reception at the cabin,” she’d told me, “but you can’t get there unless you know the way.”
    https://medium.com/@torpvpkx73/young-days-ch-01-f3e1d8cb86e7
    So here I was, driving alone in the middle of god knows where with a girl who was my student just a couple of weeks ago. Her and her four best friends had been together from first grade all the way through high school and now they had graduated with very different futures ahead of them. They had decided to kick off “the best summer ever” with a week long stay at Alexis’s family cabin. Alexis and I were heading up before everyone else, the four other girls and four guys.

  6. The road seemed to stretch on endlessly before us, but Alexis assured me that our journey was near an end. We’d turn before long into thick woods and travel through narrow, winding roads until we reached her family’s cabin. I had no choice but to trust her as GPS had given out nearly 20 minutes ago.

    “There’s good wifi and okay reception at the cabin,” she’d told me, “but you can’t get there unless you know the way.”
    https://notepin.co/shared/pjczuod
    So here I was, driving alone in the middle of god knows where with a girl who was my student just a couple of weeks ago. Her and her four best friends had been together from first grade all the way through high school and now they had graduated with very different futures ahead of them. They had decided to kick off “the best summer ever” with a week long stay at Alexis’s family cabin. Alexis and I were heading up before everyone else, the four other girls and four guys.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back To Top