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Miami Real Estate Market

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Experts expect the south Florida area, including Miami, to double within the next ten years. It is being called one of the hottest zip codes. This makes the market in Miami an enticing one. There are many current high-rise projects under way. Prices on pre-construction start at $600 per square foot, and go up. Condominium resale is currently at $300 per square foot and up. Anything priced lower will go fast.

This area will appreciate over time, with the expected growth. Pricing in the Miami area is lower than in other markets, such as LA, New York, or Chicago. This makes Miami attractive to buyers.

Like the rest of Florida, the 2005 hurricane season has done little to depress the market in Miami. Miami is one of the markets that continues to grow, while other areas are on the decline around the country.

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