Is It a Buyer's Market in Miami?

MIAMI - Dec. 21, 2016 - PRLog -- Most home owners are familiar with the economic crunch that hit the real industry in 2008. Despite this, there are some markets that have managed to stay afloat and one is Miami real estate. Current trends in real estate clearly make it a buyer's market as opposed to a seller's market. For people who are thinking of relocating to Miami area, this is the perfect time.

Why Miami?

The Miami real estate market is growing stronger daily as each month of the year passes. If anything, Miami has experienced close to one year of consistent real estate value appreciation making it very possible for a person intending to sell a Miami home to do so very fast. This is because residential properties in this region are receiving great multiple offers from willing buyers and therefore are selling very fast.

In Miami the buyer is spoilt for choice as they are great housing offers across the town. Miami city has for over the years a long time attracted investors as well as visitors .With all the upscale amenities in its vicinity and a scenery to die for, it is one of the favorite getaways not only for families but also for would be investors. This town has some of the most beautiful homes and elaborate landscaping as well.

The Pricing

The price range of a single family home starts roughly from $325,000 and can go up to $2,000,000.The condos are another great option and range from $195,000 to $400,000.this year along the Miami coastal mainland, median sales price increased by approximately 10 percent to $285,000.The only thing that has slowed down is high end or luxury housing due to rise in supply and as we all know if supply is greater than demand, them the market slows down. The fact is: Miami real estate market keeps on rising. In the recent years, there have been a number of different foreclosure properties that have been made available to buyers giving them the opportunity to purchase a home at a fairly low price and then re-sell it at a profit.

The Miami real estate market provides an outstanding investment opportunity not only for buyers but also for sellers as well. It is a great city to invest in as it attracts people from all over the world who are interested in a quiet, serene place to relocate to. From apartments to buildings, from spectacular sandy beaches to endless water sports and from shopping districts to famous eateries, this town is worth every minute.

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For those who are looking to relocate to a town which can offer you a lot in return, Miami city is certainly the place. The value of your investment will be certainly worthwhile. For all of your Miami's luxury real estate needs please visit

http://www.ykrealestate.com/