I feel that right now the agents/optimistic sellers are pushing the values beyond what is supported by the comps, yet, more buyers need financing.
I see a short inventory list, but properties just sitting there, until they come down in price.
We'll probably see lower price increases this year, in comparison to the last year.
Another question: How will the new construction effect low to mid luxury segment in older construction? I feel those values will actually stagnate or even go down...
Hope this helps,
Beachfront Realty, Inc.
Hard to answer your question, however Brickell has made a huge come back, propelled by foreign buyers. For a detailed conversation and comparisons, please feel free to contact me. For your convenience, Yo hablo Espanol, falo Portugues.
Leonardo da Motta (Leo)
First Service Realty/ Real Living Doral