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A Stock Broker's study of Miami's key residential markets 2015-2016
When it comes to investing, nothing will pay off more than educating yourself. Do the necessary research, study and analysis before making any investment decisions.
"An investment in knowledge pays the best interest." - Benjamin Franklin
The 2016 Miami Real Estate Report - Foreword
There are a number of Miami real estate reports that are currently circulating the web for 2016. Many talk about Miami as a whole entity and those that manage to get more specific focus on just the larger more notorious neighborhoods of interest in Miami - like Brickell or Miami Beach. Finally, if you are lucky enough to find a more specific report, you will find that they analyze the neighborhood without subdiving the price layers. There in lies the problem.... Even when we get into specific neighborhoods, buyers and sellers need to be far more conscious of the different price levels or strata's of the market. We have seen extraordinary differences in behaviour from one price level to another. In most neighborhoods we see properties under $1m behave very differently to homes over $2m. So with this in mind, within this report every neighborhood is broken down and every price level is covered. We believe in viewing real estate more like stock. There are many similarities on the way we should analyse it. It is just another assett class and should be treated with the same analytical respect as stocks, bonds or currency: 'buy' 'sell' or 'hold!' This is itself not always so simple. We appreciate that it is not always so immediately clear as to whether to buy or sell. There are certain threshold points in any Miami real estate market. Just like the stock market where say investors will buy back a stock once it drops to a certain level. So be conscious in this report when we advise that there are specific circumstances that where you can buy a property below a certain threshold point it makes sense. Even if that market is moving down in general there are opportunities, especially as certain sellers become more desperate or pressured due to personal circumstances. Decisions, although often emotionally made, when buying a property (thinking about your life, your children's life and those lifestyle moments) should be balanced with a rational side, a more calculated and analytical side. Look at the facts not the 'feelings' would certainly have saved a lot of home owners pain back in 2007 when the market was clearly dropping and they were hanging on. You just have to pay attention to the right indicators. This is where we hope our report becomes so incredibly valuable. Our website details so much on lifestyle, but is also balances it with constant statistical data to help buyers and sellers decide what to do. You won't find this report filled with trite quotes about Miami' sandy beaches, blue water or anything like that. Its here to serve a purpose of showing where the market will be moving in YOUR neighborhood. It also provides a gateway to our other reports that we are constantly writing and filming (yes, we now do a '2 minute market update on Youtube' every month for each neighborhood in Miami - even those with a really busy lifestyle can spare 2 mins to get updated on what is going on.We hope you enjoy the report, and please do call me for a focused and specific chat on the market. I do genuinely love real estate and am always happy to talk about it!
David Siddons[/vc_column_text][/vc_column][/vc_row]See More Here: The 2016 Miami Real Estate Report
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