What the Month of Love Means for Miami and the Market?
Feb 06, 2018 February 06, 2018
Welcome to the month of love! Whether you’re single, happily married or anywhere in-between, Miami Romance Month gives you a million reasons (and ideas) to celebrate. In fact, Valentine’s is the perfect excuse to demonstrate your love - and it doesn’t necessarily have to be the romantic kind. It can be the familial kind, the love for your BFF, the love for your pooch, or even just yourself. No matter what your reason to celebrate in February, take a pick from our eclectic list here!
Photograph : Courtesy of Pied à Terre
Talking about love, I reckon that the love for more choices, less taxes, lower prices, and warm weather is definitely going to translate into a robust winter for the condo market. In fact, the telltale signs are already here as Q4 closed strong with more sales, more inventory and prices considerably lower. Read more about this in our monthly luxury condo market report.
Miami also ranked No. 4 among the nation’s most valuable housing markets in 2017. The housing market here stands at a total value of $865.2 billion, just behind Los Angeles and New York City. Further, with income tax deductions being capped at $10,000 in the recently passed tax bill, we could be looking at big love (in the form of new Florida residents) from folks in states with state and local income tax.
Here’s hoping for a great winter run and wishing you all a fuzzy Valentine’s!