If you pay attention to real estate at all, you probably have heard some of the gloomy predictions for the 2019 housing market. Interest rates are up, new tax laws are making it harder for some buyers to enter the market, prices are expected to increase only a little bit, and house sales are actually going to go down. But are these national trends going to impact you when you search South Florida homes for sale? Nope! Miami real estate is hot this year.
Check out Hot Miami Real Estate and Find Both Affordability and Luxury
Several factors come together to make South Florida so desirable. Gorgeous weather is always going to be a selling point for Florida, especially for buyers who want to trade their snow shovels for beach chairs. More retirees are moving to Miami, drawn by the warm temperatures and lack of state income taxes. Buyers from overseas are also snapping up South Florida homes, though not quite as many as a few years ago. House hunters are also attracted to affordable new construction. The median house price in the Miami real estate market is projected to be around $260,000. Prices are expected to climb by 5%, and sales will increase by around 3%.
The diversity of hot Miami real estate is another strength for this market. There is plenty of room for first time home buyers, but those looking for more space or more luxury have lots of options, too. Equestrian properties are a specialty of our team. You’ll find elegant homes on several acres of land, complete with barns and arenas. There are even equestrian-focused housing communities. There’s no shortage of homes with docking for a yacht or smaller craft, whether on the ocean or one of the many rivers in the area. And of course, beach condos in the Miami area are always an excellent choice. New buildings have gone up in the last few years, and shoppers can expect fully upgraded interiors, tons of amenities, and panoramic views of the water.
For an experienced agent in Miami and South Florida homes for sale, call the Cinthia Ane Team at 954.295.4207.