With non-stop population growth, Florida is the seventh-fastest growing state in the U.S., with a growth percentage of 1.12%. Florida’s population grew from 21,254,926 to 21,733,312. It is the third-largest state by population in the United States of America.Read the rest of this entry »
Author Archives: miamicondoideasblog
Downtown, your time has come!
Only a few minutes from the beach, enjoy culture & entertainment in Downtown Miami. This wonderful area sprawls over the mainland as well as Dodge Island and Virginia Key. The Port of Miami is the largest passenger port in the world, and one of the largest cargo ports in the United States!Read the rest of this entry »
Is the Miami-Dade housing “bubble” about to deflate?
The current state of America’s housing market raises a lot of questions. Professionals and users seem concerned about the Real Estate market. Housing prices are rising faster, higher than ever. Today’s situation is the result of many factors combined, but the pandemic definitely triggered the whole industry. In fact, the Covid-19 situation lasted long enough to create lifestyle changes. For example, the impact of societal behavior pushed more millennials toward homeownership and families to get a bit further from big cities.Read the rest of this entry »
The condo market in Miami is better than what you think!
The condo market in Miami has suffered a remarkable drop in the volume of sales in June compared to the year before. Additionally, after 2 consecutive years of rising prices, this year showed the first sale price decrease of -1.4%, leaving a median price of $252,000 in June 2020.Read the rest of this entry »
Will the pandemic kill the co-living market in Miami?
Some of you might recall that the co-living industry in Miami was a hot topic some months back. Several co-living developments such as X Miami or Roam were through the roof at the beginning of the year, and more new developments were under discussion.Read the rest of this entry »
Why Millennials don’t want to live in Miami?
According to a study from SmartAsset, in the past 3 years, Millennials (people between the ages of 20 up to 34) are moving out of Miami. This has created a negative net migration of this population group, meaning that more millennials are moving out of the city, compared to the ones moving in.
Miami rental prices fell, but remain No. 10 among the highest in the U.S.
The rental market in Miami has always been recognized for having one of the highest rental prices in the U.S. Being ranked #10 out of the 100 metro areas in the country this month, the median rent price in Miami has reduced 2.2% from $1,750 for a one-bedroom/ one-bathroom in May compared to last year when the median cost was $1,790).
Video: My thoughts on how will real estate look like after COVID-19
Will COVID-19 be a fatal blow for Airbnb?
The home-sharing market around the world has been extremely affected by the COVID-19 situation. Flights getting canceled and people scared of getting infected or spreading the virus has created a huge wave of short term rental booking cancellations that have seriously affected Airbnb hosts. The real question is can the industry’s leader survive to this lockdown?
Residential inventory drops in Miami
People’s concerns regarding the effect of the Coronavirus in the South Florida Real estate market keep rising, and more studies results keep arriving with more interesting facts. This time it has to do with the drop of the residential inventory in the past weeks.
According to one of these studies, which researched the number of new listings (condos and single-family homes) in the most populous metro areas in the US. from March 1st- April 5th compared to the same period last year, the Miami metro area showed a drop of 30.7% in new residential listings. In the ranking, Miami was classified sixth, which shows there was a major fall compared to the rest of the country.