The 2018 Miami Report was presented by Craig Studnicky, who is a Principal of our parent company ISG World celebrating 25 years in business. The below three updates are important to consider when selling and buying real estate in southeast Florida now. In addition, the report is included for your review and thoughts below.
Appreciation Rate of 229% Since Year 1993
During the past 25 years, since 1993, the Miami condo appreciation rate increased by 229% at a 9% average per year. The demand for southeast Florida lifestyle, continues to drive real estate prices up.
Demand and Sales Increase Result in Inventory Decrease
In addition, real estate inventory has decreased due to both demand and sales growth.
Culture and Economic Growth Drive Demand
The culture and economic growth trends in southeast Florida are driving increased demand to move to southeast Florida.
The Conference Sponsors are Reach & Rise Residences at Brickell City Centre and Swire Properties. The Media Sponsor is The Real Deal South Florida Real Estate News.
Check out the complete 2018 Miami Report and let us know your thoughts below:
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