My firm, ONE Sotheby’s International Realty launched the 2015 TRENDS Market Report this week. The comprehensive analysis of real estate market activity in Miami-Dade & Broward provides macro and micro level analysis of luxury real estate. This year’s quality was enhanced by a partnership with IRR (Integra Realty Resources) – Miami \ Palm Beach, the premier real estate consulting firm in the nation.
The report concludes that both Broward and Miami-Dade are thriving, being called “the strongest housing marketing in the U.S.” by the National Law Review. Many submarkets performed best during 2014 out of each of the five years analyzed (2010-2014). However, we’re not seeing the double-digit growth like we did a couple of years ago, which means that market is stabilizing while still improving year over year. In Miami Beach, single-family home pricing has trended steadily upward with a 77.1% increase over the past 5 years. In 2014, all areas performed at double-digit increases compared to the previous year and continued double digit gains are expected during 2015 provided interest rates remain low. Find the full report here and reach out to me for property-specific advice on investment opportunities in Miami Beach and beyond!
Susan Gale is the leading luxury estate agent specializing in commercial real estate, boutique hotels, and stunning residential properties in Miami Beach. She has over 25 years of experience and a sales track record of over $1 billion in sales, that has given her global cache as a luxury real estate leader. Contact us today, we look forward to working with you.