Video: Has the Miami Luxury Real Estate Market Peaked in 2022?
Mar 16, 2022 March 16, 2022
If you’ve been keeping track of South Florida real estate or are planning to buy here, you will know that we are in the middle of a building boom, and heightened demand has been driving sales to record highs. Our Annual & Q4 2021 Miami Luxury Condo Market Report stands testimony to the record market we’re experiencing in Miami, as annual sales were at their highest point in over 6 years. 2021 started off as a year with record-high sales and closed on an equally incredible note.
With Miami’s luxury housing market in one of its hottest cycles in recent history, the most frequently asked questions we’re getting these days are: “Has the real estate market in South Florida peaked?” “Are we buying at the height of the real estate market in Miami?” “What about our luxury condo investment if the market cools down?”
Watch this video for a straight answer to all these questions and more:
For more data and in-depth analysis of sales, price, and inventory trends, read our Annual & Q4 2021 Miami Luxury Condo Market Report here. And subscribe to our blog and YouTube channel to stay up to date.
And, if that isn’t enough, here’s a reminder as to why Miami is the city of choice for many with buyers bidding up prices?
- No personal income tax is a very attractive proposition for the wealthy, particularly for those from high-tax states such as New York.
- Our pro-business laws and attitude have attracted more companies and businesses to move to Miami over the past two years than they have in history.
- The job market is very strong owing to this great business migration.
- Work from home flexibility has offered people the perfect excuse to build their dream life close to the beach.
- Miami is undergoing a phenomenal building boom with some of the world’s biggest brands building luxury condos here such as St. Regis, Cipriani, Diesel, Bentley, and more.
- And as always, we have fabulous weather year-round, which is a great respite for snowbirds
Interested in moving to Miami? Call, chat, or email us for a local real estate expert to guide you to your next home.
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