October Real Estate News by HMR

Dated: October 3 2021

Views: 66

Miami-Dade County real estate broke another record, posting its best August sales month in history as pent-up demand, more U.S. individuals and companies moving to South Florida, and record-low mortgage rates continue fueling transactions.

Let's talk new construction!

Developers are preparing to break ground on another 17,300 apartment units in the next four quarters.

The Downtown Miami/South Beach submarket has seen particularly strong demand, and developers will focus on that area.

More than one third of new inventory planned to break ground in the next year is in the coastal Downtown Miami/South Beach, North Central Miami, and Coral Gables/South Miami submarkets.

More than one-quarter of the new apartment stock in the metro area delivered in the first half of 2021 alone was in the Downtown Miami/South Beach and Coral Gables/South Miami submarket as developers respond to “healthy” demand in those areas.

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Luz Abreu

Home Miami, Realtors is a Florida-based brokerage team dedicated to helping our clients make their homeownership goals realities. We believe in providing honest advice and personal service for success....

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