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Here's A 2022 Real Estate Forecast For Miami: Is It Worth The Investment?

May 23, 2022 10:11:54 AM

Miami has long been a desirable location for vacationers and retirees, as well as those who eschew the colder climes of the north. Recently, the Miami area has seen a massive influx of new residents who have relocated to the area for its economic conditions, which has contributed to significant job growth due to the number of new businesses established.

As a result, new homes are being built, and many are ready for new buyers. Miami has a population density of more than 13,200 people per square mile, and that number continues to grow, so there's always a demand for housing. Tax incentives for both investors and potential residents appeal to many who envy the warm climate and relaxed lifestyle that Miami embodies.

Homes for sale in Miami have always commanded a premium price due to the area's popularity, but it's now appealing to investors as well as prospective residents. This is due, in part, to the cruise ships that bring foreign investors to the area. In addition to Miami proper, several sub-markets are very appealing, such as the following.

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Looking To Sell? Name your Price, We Have Buyers!

Apr 26, 2022 9:36:06 AM

When looking at real estate today, there’s no denying it’s a seller’s market. It’s no wonder, with so many people changing their living situations to adapt to the changes of COVID. Properties are getting eaten up like hotcakes, and that’s driving supply down. With fewer homes for sale, buyers must compete for what is available. Moreover, while not at their recent lows anymore, interest rates are still low, giving buyers the opportunity to take out larger loans to afford more expensive homes.

All this makes it the perfect time to sell your home. If you’ve been thinking about selling your home, you can pretty much name your price. And, don’t worry about finding those buyers to pay that price or more; leave that to real estate agents in Miami who know the buy-side and sell-side of the local market, ManhattanMiami.

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Miami-Dade housing “bubble” - Is it set to deflate? Let's find out

Mar 14, 2022 10:18:21 AM

The Miami housing market reflects the national real estate trends; it has rapidly rising home prices that approach near record levels. Like real estate companies in Miami and other big cities, Miami real estate businesses work with soaring prices, high demand, and short supplies. The factors driving the rapid rise in prices include favorable mortgage interest rates, fewer new homes, and the impact of Covid-19 on the economy.

Covid-19 impacts the economy and the housing market in important ways. First, COVID-19 has changed lifestyle patterns, and homebuyers’ trend towards lower density locations. Young people have increased interest and participation in homeownership. Second, the global impact of Covid-19 has disrupted labor, processes in related industries, and suppliers of building materials. In the Miami area and across the US, home builders experience delays and shortages in building materials.

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Introducing The St Regis Miami Residences in Brickell

Feb 15, 2022 7:29:27 AM

With the new addition of St. Regis Miami in Brickell, Downtown Miami is about to enter into a new era of sophistication. The St. Regis Brickell will honor St. Regis’ legacy and heritage, but will offer modern luxury and unstinting attention to detail that is the hallmark of the brand. We expect it to be the finest luxury condo in Miami when completed in 2025.

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New Construction Condos in Miami | How Do They Compare to One Another?

Jan 31, 2022 9:54:11 AM

There is no shortage of fabulous condos for sale in Miami. With so many premium options, it can be challenging to find the best option for your needs. Here is a look at some of the most popular new construction condos in Miami and how they compare to each other.

Mr C Tigertail Residences - Coconut Grove: The hotspot of Coconut Grove is the home to the Mr C Tigertail Residences. What makes this condo complex stand out is its unique butler service. This service is headed up by the distinguished hotelier known as Mr. C. The style is reminiscent of Old World Italy, featuring custom terrazzo, fine leather detailing, and a unique Bellini bar on the pool terrace. The complex will also offer a variety of upscale dining experiences.

Ritz-Carlton - Pompano Beach: Just up the road in Pompano Beach, you will find the condos offered by the Ritz-Carlton brand. The Beach Tower development is conveniently located on the scenic shores of Pompano Beach, offering 250 feet of oceanfront access. Residents will also love the private marina, offering a secure place to dock your boat. These condos are offered in a variety of sizes, ranging from just over 1,300 square feet to an expansive penthouse boasting over 6,800 square feet of luxurious living.

Waldorf Astoria - Downtown Miami: Soaring over 1,000 feet into the sky, the Waldorf Astoria condo complex is Miami's tallest residential tower. With a convenient downtown location, this building is just minutes from the hustle and bustle of the Brickell district, offering you access to the city's vibrant collection of restaurants, bars, and shopping options. The units come finished with a bevy of premium fixtures and details. Residents will also appreciate the signature white-glove service that comes with the Waldorf Astoria name.

Baccarat - Brickell: You can call the lively Brickell area home with a place at the Baccarat. With six distinct floor plans, you are sure to find the option to fit your needs. Regardless of the floor plan that you choose, your residence will feature a private entry vestibule paired with two elevators that open into each unit. Residents will also delight in the waterfront promenade, the private marina, and a host of member privileges, including hotel privileges around the globe.

Five Park - Miami Beach: If you are looking to be in the heart of Miami Beach, you would be wise to consider Five Park. The complex offers you private elevator access for each unit, open and airy floor plans, 10-foot ceilings, and terrace access from the living room. The residents-only member club gives you a place to connect with others and build a sense of community. A 3-acre public park is located adjacent to the complex, providing a place to exercise and soak up the sun.

With this information in hand, you will be able to narrow down your choices so that you can make an informed and confident housing decision.

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What Experts are Predicting For The Florida Real Estate Market In 2022

Jan 24, 2022 9:55:28 AM

With its seemingly endless supply of sunshine, 825 miles of accessible beaches from 1,200 miles of coastline, and lack of state income tax, it's no secret why Florida has been one of the fastest-growing states in the country for decades.

High levels of demand allow businesses to command higher prices for their goods and services, inflating Florida's cost of living. Florida's overall cost of living is 2.8% above the U.S. average; housing costs in the Sunshine State cost 2.6% more than on the national level.

Average home prices throughout Florida have increased substantially since May 2020 thanks to three central factors:

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What Is Miami's Housing Market's Absorption Rate?

Jan 10, 2022 8:21:32 AM

Absorption rates in real estate refer to the percentage of available real properties sold within a certain time frame. We can use absorption rates to evaluate the health of the market and to estimate the length of time properties will sit in inventory.

The higher the absorption rate, the faster homes in the market will sell. An absorption rate above 20% is a seller’s market, and one below 15% is a buyer’s market.

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Be On The Look Out For These Up-and-Coming Miami Residential Areas That Offer Great Value!

Dec 27, 2021 9:56:46 AM

Welcome to Miami! Now is the time to invest in real estate in this unforgettable tropical paradise. Here at Manhattan Miami Real Estate, we are the experts in homes for sale in Miami.

Residential areas that are trending keep popping up all over the place. New homes are being constructed west of US1. Considering the price tag of homes to the east of US1, these homes are a bargain. Furthermore, some areas that weren't initially on the map are exploding in popularity. Simply put, insider knowledge is required to successfully navigate the Miami market.

Traditional hotspots, such as Coral Gables, Pinecrest, and Coconut Grove continue to perform well. Others that are on our radar include:

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10 Activities To Make The Most Of The Holiday Season In Miami

Dec 13, 2021 10:25:32 AM

There is no shortage of festive things to do for the holidays in Miami. Here is a list of 12 of the best activities to get you started.

Deering Estate: Deering Estate is home to the popular Festival of Trees. Guests can stroll the decorated grounds while enjoying hot chocolate and cookies. Kids are welcome at this family-friendly festival.

Tchaikovsky’s Nutcracker: No holiday season is complete without a viewing of Tchaikovsky’s Nutcracker, presented by the Miami City Ballet. All of your favorites from the traditional performance will be on hand, including the Waltz of Flowers and the Dance of the Sugar Plum Fairy.

Zoo Lights: Everyone will have a roaring good time at Zoo Lights at the Miami Zoo. The zoo is awash in twinkling lights, creating a magical wonderland. Visitors will be able to take in the light show while also viewing the animals that call this place home.

Winterfest Boat Parade: Lean on the best of Miami living by attending the Winterfest Boat Parade, located in Fort Lauderdale. Gathering along the 12-mile parade route is a great way to enjoy the beautiful weather during this time of the year.

Matzo Ball: Be sure to stop by Matzo Ball for some of the best tastes of the season. In addition to delicious food, you can also dance and drink your favorite Miami-inspired cocktails at this nightclub.

Vizcaya Museum & Gardens: This historic estate is the place to be during the holidays. The celebration includes the chance to walk through the stunning gardens, food and drink options, and craft stations.

Santa's Enchanted Forest: Known as the world's largest holiday theme park, this venue will delight people of all ages. The enchanted forest includes rides, animal performances, light shows, and the tallest Christmas tree in South Florida.

Bayfront Park: A visit to Bayfront Park is a must-do this holiday season. This park features a 52-foot high Christmas tree, light shows, and a popular Christmas ceremony.

Winter Shorts: Want some drama? Head to City Theater's production of eight winter shorts that will leave your heart bursting.

Tri-Rail Winter Celebration: A train ride is a magical way to celebrate Christmas. The festival features 20 tons of snow, bounce houses, food trucks, holiday carolers, and more.

Celebrate the magic of the holidays in South Florida with this list. Even if you are not an expert on Miami real estate, this guide will provide you with the recommendations you need to immerse yourself in the holiday fun.

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Miami Luxury Real Estate - Current Neighborhood Trends & Will They Stick Around?

Dec 6, 2021 10:07:25 AM

The real estate market in Miami is constantly on the move. You may wonder how different neighborhoods fare in comparison and which are the best neighborhoods to buy a home in Miami. Many potential homebuyers and investors also want to know whether the market will continue on this rapid upward trend. Keep reading to discover how each neighborhood compares.

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