Undoubtedly one of the most popular place to live, Miamiâ€™s condominium real estate has been selling at an extremely fast rate. As sales have increased, price appreciation has slowed, making this a time of interest for buyers and investors.
With prices appreciating slower, more people will be looking into Miami Beach properties. This area has continued to be attractive to buyers and investors all over the world. In the last year, sales for condominiums went up 21% and single-family home sales increased 38%. People are definitely increasing their interest in properties in this area.
Where Are They Coming From?
Miami Real Estate has always been popular with affluent and foreign individuals. French and Canadian buyers are a surprising new force on the Miami market. Luxury properties in surrounding areas such as Sunny Isles Beach and Bal Harbour are also known for affluence and are moving quickly so having the perfect realtor is vital.