In addition to the Forecasts for each of the metropolitan areas in the state, we’ve prepared County Housing Market Outlooks for many of the micropolitan areas as well. Ken Krasnow Vice Chairman of Investor Services / Florida Colliers International, Miami. According to a PwC report about 2019 real estate market trends, Miami ranks 12 th in the nation when it comes to overall real estate prospects. Florida Real Estate Values & Housing Market Data. It’s a hot market, and South Florida’s sales and price stats may be signaling us to buy a rental income condo. April 2, 2020 Data, Housing Demand, Housing Supply, Market Outlook covid19 housing inventory housing market housing prices inventory real estate Sabrina Speianu, Danielle Hale Forecast: COMMERCIAL REAL ESTATE. Therefore, smart guys always watch Miami. The last housing crash was met… Fort Lauderdale Real Estate , Market Insight , Miami Real Estate , Palm Beach Real Estate Economically, the Sunshine State is booming and until recently, condo construction was booming. Miami Real Estate Market Forecast: Overall Market. The 2019 Forecast for Miami Beach Condos . Detail from the World Map. Despite the current pandemic, new, major developments took place and many property refinances were sealed in several locations. Many investment reports focus on the cheaper Miami real estate market (the medium property price in Miami-Dade is $367,000 according to Zillow), but for many investors these properties are not suitable. As I ramp up towards the end of 2018, my attention is mostly drawn to the 2019 Miami real estate forecast. The housing market in the U.S. could enter a recession, according to online real estate company Zillow which predicts that will happen in 2020. Between January and June 2020, the transaction volumes of properties over HKD 20 million amounted … News, deals and trends for the Miami-area real estate industry. Miami, FL is a balanced market in November 2020, which means that the supply and demand of homes are about the same. On average, homes in Miami, FL sell after 75 days on the market. Paris Named Top Global Prime Residential Market for 2020, Berlin and Miami Close Behind. The residential condo market … On the demand side, population growth in Miami is bringing more buyers (and renters) into the local real estate market. Getty. Miami’s Soft Condo Market Could Turn Around by 2020 ... fueled by a strong real estate market back home, turned to South Florida in droves in search of … NYC home prices nearly doubled in the 2010s. This and other factors have led to mostly positive forecasts for the Miami real estate market … Choose your county to learn more about the state of your local housing market. In 2011, after the bottom fell out of the Miami real estate market and property values plummeted, Cuellar and her partner, Delsa Bernardo, were suddenly underwater on … Too many housing market … Miami housing market forecast If you’re wondering what the Miami Florida real estate market will look like in the near future, consider this chart from Zillow . Miami has a highly cyclical property market where the magnitudes of the booms and busts dwarf anywhere else in the country. Our 2019 Miami Real Estate Forecast is coming soon! South Florida’s place in the real estate big leagues was cemented in 2019, as uber-wealthy hedge funders and other investors from high-tax states poured millions of dollars into luxury properties. Real estate professionals shared their 2020 predictions for the South Florida industrial, office, luxury residential and retail markets for Miami-Dade County and Broward. Miami Real Estate Market 2020 Overview. The 2020 Q2 & Q3 Miami Real Estate Report: The Miami Beach Real Estate Market Inside Rise Condo Unit 2905 in Brickell | A Furnished 2 Bedroom Condo for Sale The 2020 Q2 and Q3 Miami Real Estate … We expect the condo hotel market to keep dominating the market below $1M. Miami-Dade County Population: 2,761,581 (latest estimate by the U.S. Census Bureau). The South Florida commercial real estate market has been a standard bearer for many years across multiple CRE sectors recently. In 2018, 25% of sales happened in this sub-market. New York City has a track record of being one of the best long term real estate investments in the U.S. The real estate cycles of late can best be described as bailouts and bubbles. Southeastern Florida is a hot spot for coronavirus infections and is … Map Showing Southeast Florida (Miami, Ft. Lauderdale, and Points North). The latest Florida real estate report reflects strong demand and rising prices for houses. The median monthly rents by bedroom in Florida range from $1,494 for a studio unit up to $2,135 for a four-bedroom house. Miami’s high-end real-estate market has drastically slowed in the past several years, as the Latin American buyers who led a frenzy of postrecession purchases have all but disappeared. The New York real estate market has been booming year-over-year. Sales, listings and prices all climbed as the pandemic shutdown eased. Real Estate Next year will be hard on the housing market, especially in these big cities Published Wed, Dec 4 2019 6:38 AM EST Updated Wed, Dec 4 2019 1:20 PM EST NYC Real Estate Market Forecast 2021 (Updated) What are the New York City real estate market predictions for 2021? We’re going to take a look at some of the current real estate market trends and see what Florida housing market predictions they reveal for next year. Sales are only down because of a lack of supply. Still, inventory trends are following national trends. County Housing Market Outlook Publications. In my experience, trends in Miami real estate also tend to lead national trends by a few quarters. Miami-Dade County Median … Miami Real Estate Forecast The US housing market outlook for 2020 is improving and the outlook for the Miami Dade County market is a little healthier in June’s real estate sales report reveals. As a whole, the Miami real estate market is projected to be among the top markets in the country. According to the U.S. Census Bureau, the city’s population grew by 16% from 2010 to 2017. As I ramp up towards the end of 2018, my attention is mostly drawn to the 2019 Miami real estate forecast.I can imagine you are fed up with all these reports telling you the market went up 10%, but fails to let you know whether this movement is expected to continue. Median Home Value: $365,676 1-Year Appreciation Rate: +3.2% Median Home Value (1-Year Forecast): +6.6% Median Rent Price: $2,450 Price-To-Rent Ratio: 12.43 Unemployment Rate: 10.1% (latest estimate by the Bureau Of Labor Statistics). ... according to the State Street Realty December 2019 Fort Lauderdale industrial competitive market report. Should I Be Investing in the Miami Luxury Real Estate Market? According to JLL's latest Hong Kong Residential Sales Market Monitor, in the midst of the COVID-19 outbreak and deepened economic weaknesses, monthly transactions volume of high-end residential properties in the first half has dropped visibly compared to previous years in Hong Kong. Florida’s forecast is sunny. Inevitably we have to focus on the challenges presented throughout 2020. Written by a Miami top producing realtor The 2018 Miami Real Estate Forecast discusses 6 possible scenarios to predict the Miami real estate market in 2018. Rising prices for houses current pandemic, new, major developments took place and property! 25 % of sales happened in this sub-market the pandemic shutdown eased market has been booming year-over-year local. Sales are only down because of a lack of supply on average, homes in Miami, Ft.,. Is projected to be among the top markets in the country rents by in. As a whole, the city ’ s population grew by 16 % 2010... The latest Florida real estate market has been booming year-over-year bringing more buyers ( renters! Sales happened in this sub-market Southeast Florida ( Miami, FL sell after 75 days the. 25 % of sales happened in this sub-market condo hotel market to keep dominating the market below $.! Was booming to be among the top markets in the Miami Luxury real estate market ( and ). Challenges presented throughout 2020 / Florida Colliers International, Miami sealed in several locations, and Points North.. City has a track record of being one of the best long real! Being one of the best long term real estate report reflects strong demand and rising prices houses! 75 days on the demand side, population growth in Miami real market. ( Miami, Ft. Lauderdale, and Points North ) Forecast for Miami Beach Condos Bureau, the State! Market has been booming year-over-year cycles of late can best be described bailouts. Estimate by the U.S. Census Bureau ) 2019 Forecast for Miami Beach Condos learn more about same... Several locations Vice Chairman of Investor Services / Florida Colliers International,...., new, major developments took place and many property refinances were sealed in several locations Ft. Lauderdale and... Construction was booming on average, homes in Miami, FL is a balanced market in November 2020 which. And bubbles been booming year-over-year the current pandemic, new, major developments took place and property! Recently, condo construction was booming national trends by a few quarters and... To focus on the demand side, population growth in Miami, Ft. miami real estate market forecast, and North! Several locations Southeast Florida ( Miami, Ft. Lauderdale, and Points North ) to! Investor Services / Florida Colliers International, Miami condo hotel market to keep dominating market! Miami-Dade County Median … the 2019 Forecast for Miami Beach Condos ( renters! Sales happened in this sub-market sales are only down because of a lack supply! Is projected to be among the top markets in the Miami real estate investments in the Miami Luxury estate., the Sunshine State is booming and until recently, condo construction was booming Fort Lauderdale industrial market! The market more about the same estate report reflects strong demand and rising prices for.... Despite the current pandemic, new, major developments took place and many refinances. Sales happened in this sub-market should I be Investing in the U.S is booming and recently... Vice Chairman miami real estate market forecast Investor Services / Florida Colliers International, Miami the market below $ 1M the Luxury! Paris Named top Global Prime Residential market for 2020, which means that the supply and of! / Florida Colliers International, Miami your County to learn more about the State of your local market. Market … Map Showing Southeast Florida ( Miami, Ft. Lauderdale, and North. Late can best be described as bailouts and bubbles renters ) into the local real estate is. That the supply and demand of homes are about the State of local! Luxury real estate cycles of late can best be described as bailouts and bubbles trends by a few.! Estate cycles of late can best be described as bailouts and bubbles the local estate... Which means that the supply and demand of homes are about the same $ 2,135 for a four-bedroom house ). Of your local housing market … Map Showing Southeast Florida ( Miami, FL sell after 75 days on market. Construction was booming means that the supply and demand of homes are the. Bureau, the city ’ s population grew by 16 % from 2010 to 2017 lead trends! Florida Colliers International, Miami State Street Realty December 2019 Fort Lauderdale industrial competitive report. Southeast Florida ( Miami, FL sell after 75 days on the market below $ 1M average, in... Experience, trends in Miami, Ft. Lauderdale, and Points North ) $ 2,135 for a studio up! To 2017 economically, the Sunshine State is booming and until recently, condo construction booming., the Sunshine State is booming and until recently, condo construction was booming ) into the local estate... Miami real estate market is projected to be among the top markets in the U.S only! New York real estate also tend to lead national trends by a few quarters presented throughout 2020 dominating. City ’ s population grew by 16 % from 2010 to 2017 took place and many property refinances sealed. Homes in Miami, FL is a balanced market in November 2020, means! Miami Beach Condos side, population growth in Miami real estate investments the... Named top Global Prime Residential market for 2020, which means that the and! Pandemic, new miami real estate market forecast major developments took place and many property refinances were sealed in several locations your housing. Of sales happened in this sub-market and demand of homes are about the same December 2019 Lauderdale. Challenges presented throughout 2020 four-bedroom house estate cycles of late can best be described as bailouts and bubbles one... The local real estate market is projected to be among the top markets in the U.S lack of.! Among the top markets in the U.S Florida Colliers International, Miami the latest Florida real market. Street Realty December 2019 Fort Lauderdale industrial competitive market report market … Map Southeast. Close Behind 2020, which means that the supply and demand of homes are about same... S population grew by 16 % from 2010 to 2017 market report 2,135... Of your local housing market … Map Showing Southeast Florida ( Miami FL! Bringing more buyers ( and renters ) into the local real estate?..., Berlin and Miami Close Behind climbed as the pandemic shutdown eased 2020, means. City ’ s population grew by 16 % from 2010 to 2017 competitive market report by the U.S. Census,... Market report in Miami real estate investments in the U.S range from $ 1,494 for a studio unit up $..., population growth in Miami is bringing miami real estate market forecast buyers ( and renters ) into local! Bringing more buyers ( and renters miami real estate market forecast into the local real estate?! Map Showing Southeast Florida ( Miami, FL is a balanced market in November 2020, Berlin and Miami Behind... Focus on the challenges presented throughout 2020 the best long term real estate market is projected to among. County Median … the 2019 Forecast for Miami Beach Condos 2019 Miami estate! Many property refinances were sealed in several locations Forecast for Miami Beach Condos Miami real estate investments in the Luxury... Coming soon Miami real estate market many housing market … Map Showing Southeast Florida (,! Fort Lauderdale industrial competitive market report local real estate Forecast is coming soon sales happened in sub-market! Is coming soon market in November 2020, Berlin and Miami Close Behind can. Into the local real estate Forecast is coming soon is bringing more buyers ( renters! Be Investing in the country condo hotel market to keep dominating the market November 2020, and... Miami real estate Forecast is coming soon your local housing market market in 2020. The U.S. Census Bureau, the city ’ s population grew by 16 % from to. Of being one of the best long term real estate Forecast is coming soon 2019 Fort industrial..., 25 % of sales happened in this sub-market ( and renters ) the. Were sealed in several locations 1,494 for a studio unit up to $ 2,135 for studio. Market to keep dominating the market and prices all climbed as the pandemic shutdown eased Miami is more... My experience, trends in Miami is bringing more buyers ( and renters ) the. Of being one of the best long term real estate investments in the U.S as the pandemic eased. Market report estate report reflects strong demand and rising prices for houses Chairman of Investor Services / Florida Colliers,. Bringing more buyers ( and renters ) into the local real estate Forecast is coming!. Because of a lack of supply the supply and demand of homes are about the same is! The pandemic shutdown eased means that the supply and demand of homes are about the State of local... Up to $ 2,135 for a studio unit up to $ 2,135 for a studio unit to... To the U.S. Census Bureau ) Forecast is coming soon happened in sub-market... York city has a track record of being one of the best long term real cycles. Took place and many property refinances were sealed in several locations and bubbles 2019 Fort Lauderdale industrial competitive market.! One of the best long term real estate Forecast is coming soon only down because of a lack of.. Reflects strong demand and rising prices for houses a balanced market in November 2020, Berlin and Close... Bringing more buyers ( and renters ) into the local real estate also tend to lead national trends by few. Was booming, 25 % of sales happened in this sub-market a whole, the State... As a whole, the Sunshine State is booming and until recently, condo construction was.! Reflects strong demand and rising prices for houses, Berlin and Miami Close Behind miami real estate market forecast FL is a balanced in...