Going by the continued growth and development of the real estate industry in Miami-Dade, South Florida, experts have put their heads together in a survey that clearly shows us what to expect in 2018 and how that should affect your buying decisions.
A recent survey of 100 top brokers, agents, and industry experts in the Miami-Dade conducted by Bendixen & Amandi International in conjunction with the Maimihreald, brought out some scintillating statistics that are mind-boggling for anyone trying to invest in the real estate business of Miami-Dade.
Generally, experts advise to buy because the stats showed that the inventory of homes being built or built is on the high side at 55%, and the quality of homes being constructed matches it at 44%. It also went on to show that the overall value of the real estate industry is at a 38% flat value, which in itself is good.
Find below the list of the best neighborhood in Miami-Dade to buy real estate in 2018
1. The hottest areas to invest in real estate in Miami-Dade
One of the hotest areas to invest in real estate in Miami-Dade would be without a doubt, Miami Beach. The rate of expansion and condos going up on a daily basis is simply exciting.
The prices of condos there is relatively steep for an average income earner. Much of Miami Beach is what has led experts to conclude in a 4.6 out of 10 affordability aggregate averages for the real estate in Miami-Dade.
Other neighborhoods with such overvalued tag are Brickell and Wynwood according to the experts.
2. Best places for affordable homes in Miami-Dade
Homestead is seen by the experts as having much value at a relatively affordable price. It is also seen to make a huge burst very soon before other major neighbourhood around it.
Other affordable places according to the experts also shows that little Havana, and Maimi garden as also places families can explore and get a decent home.
3. Best neighborhood in Miami-Dade to start life
If you are a very young person that needs to be up and doing while living a flexible life, experts are of the opinion that you should buy homes in Brickell and Downtown because of the mass transit bus networks.
4. Best neighbourhood for families
It is not often that we find neighborhoods that house enough space for rapid urban development and houses. But some of the neighborhoods like Coral cables, Pinecrest and Kendall do fit those bills.
Furthermore, these neighborhoods have quality schools that parents would be proud to send their kids to for their development.
Pinecrest, for example, is centered in a school district and some of the best schools constructed are also located in Coral Cables.
Safety is another reason to pick these neighborhoods. Nobody wants to train up kids in an upheaval area.
From the stats results in the survey, it is clear to see why expert’s advice is for people to be buying more because of the high inventory of Miami-Dade, and also because of the low interest of foreign buyers to invest in real estate in the US, owning to Trump unpredictable policies.
Reference: Maimihreald
