Florida Property Values
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"It's just a very, very hot time now," says Patricia Delinois.
Oh, how the rest of Florida wishes for Miami’s international buyers. “Miami is like its own country. It’s just a very, very hot time now,” says Patricia Delinois, president of Century 21 Premier Elite Realty and residential president of the Miami Association of Realtors. “I’m actually recruiting more agents.” An amazing 63% of closings were all cash in December. Single-family home sales are up markedly and even condos are rebounding. But beyond areas favored by international buyers, the tide isn’t rising.
|Natalia Boblitt, a broker in Tavernier, says the Keys weren’t hit as hard as the rest of the state.|
In the Keys, real estate always was too pricey for low-budget flippers, so the Keys didn’t go as sour as other Florida markets. What helps: Limited inventory, being a second-home market and an edge over Caribbean competitors in terms of access, taxes and customs. “I don’t think we got hit as hard,” says Natalia Boblitt, a broker at Shoreline Properties in Tavernier.
What will $200,000, $500,000 and $1,000,000
buy in Miami-Dade and Monroe Counties?
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