Miami Real Estate Breaks Record In Residential Sales With Great Opportunities In Store
As of the last quarter, there has been an increase of 23 percent in residential sales within the region and these figures include those made involving condominiums as well as single-family homes which marks for fourteen consecutive quarters where growth has been achieved.
There is no denying the sense of struggle that had become apparent for people in terms of Miami real estate. However, such growth had only been expected since Miami has always been home to a superb selection of real estate options which are considered to be ideal for those who wish to live within an environment that grants them access to great weather conditions along with a truly outstanding location of natural beauty and brilliance.
Being located along the Atlantic coast of the South Florida region makes the great range of Miami real estate property options among the most attractive options for people within the United States and the fact that the region is best known for such incredible luxury real estate options has also made it popular for being one of the most preferred locations of choice among the world’s rich and famous individuals.
Given the current situation of having such a significant increase in the number of residential sales within the region which clearly demonstrates the similar increase with regards to demand for Miami real estate options, property prices are sure to increase as the supply is still eagerly being absorbed by property buyers worldwide.
It has been noted that there is sure to be an even stronger demand for real estate in Miami in the upcoming months as unemployment rates have gone down in recent times which means that people who are looking to purchase Miami real estate are going to find it to be much easier to do so now that the economic situation is well geared towards achieving such goals.
At the moment, the median sales price for single-family home properties within the Miami region stand at $176,200 which marks a decrease of one percent while the median sales price for condominiums currently stand at $124,100 which marks an increase of 19 percent.
If you would like to find out more information on the superb selection of Miami real estate properties that are currently being offered on the market then taking the time to speak with a professional real estate agent should be able to provide you with more accurate details on opportunities that are waiting for you on the property market.
Joan Vonnegut
