Florida’s real estate market can be defined in accordance with several different statistical metrics. In accordance with the Douglas Elliman state of the market that was released earlier this year, these are my takeaways.
New developments are on the rise and more attractive and profitable than ever. Burgeoning and seasoned developers are flocking to South Florida to capitalize on the opportunity the current market is offering entrepreneurs.
Ultra-luxury homes are at the center of the current real estate market in South Florida, from Miami to Palm Beach. They are selling for higher prices than ever and creating large opportunities for relocating and new wealth.
In terms of relocation, the market is prepped and ready for families that have decided to relocate from several points of origin including but not limited to the northern and western United States, in addition to a flood of global clients attracted to competitive pricing and the Florida lifestyle.
In summary, the Florida real estate market is currently erupting with a plethora of investment opportunities and opportunities for out-of-state and out-of-country homeowners looking for a new place to call home.
© 2022. Douglas Elliman Real Estate. All material presented herein is intended for information purposes only. While, this information is believed to be correct, it is represented subject to errors, omissions, changes or withdrawal without notice. All property information, including, but not limited to square footage, room count, number of bedrooms and the school district in property listings are deemed reliable, but should be verified by your own attorney, architect or zoning expert. The number of bedrooms listed above is not a legal conclusion. Each person should consult with his/her own attorney, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom.