Los expertos continúan monitoreando con atención el exitoso mercado de bienes raíces en Florida y han detectado estas tendencias que pueden ser un buen indicador al momento de tomar una decisión.
Llegada de los millennials. Ahora no sólo los adultos mayores en plan de jubilación forman parte del grueso de los actores que llegan a la Florida a adquirir bienes raíces, sino que se han sumado también los millennials. Atraídos por la multiculturalidad de ciudades como Miami, el clima generoso y la posibilidad de abrirse a mercados como el de América Latina, los millennials han escogido el sur de la Florida como uno de sus destinos favoritos y con ellos su dinámica económica.
Apreciación de propiedades a mayor altura. Mientras que las propiedades muy cerca de la costa tienen sus seguidores fieles, en los últimos años, las propiedades con mayor altura se han revalorizado y se estima que continúe esa tendencia en el futuro por lo que se ha abierto un nuevo nicho para la inversión.
Mercado dinámico. En la actualidad hay un dinamismo como pocas veces en el pasado reciente en el mercado. Si estás vendiendo tu propiedad para tener el efectivo o para invertir en una nueva obtendrás un precio atractivo pero si quieres comprar, incluso por primera vez, podrás tomar ventaja de la predisposición de los bancos para créditos y de tasas razonables. No importa si vendes o compras, Florida es un mercado excelente para los bienes raíces hoy por hoy.
By Katherine Kallergis The Real Deal
Palm Beach condo sales rose at the fastest pace, up nearly 10%.
Residential sales rose in July in all three counties thanks to a strengthening condo market, according to the Florida Realtors. Condo and home prices also increased across South Florida.
Miami-Dade
Residential sales rose 3.6 percent in July to 2,329 closings in Miami-Dade, despite a 1.2 percent decrease in single-family home sales, down to 1,104. Condo sales last month jumped 8.2 percent to 1,225 closings. The total sales volume of residential sales increased to $1.07 billion, up from $961.1 million.
Prices of single-family homes rose 10.3 percent in July, up to $369,000, and up 8 percent for condos to $243,000.
Broward
Condo sales again took the lead in Broward County, increasing 7 percent to 1,440. Home sales fell 2.2 percent to 1,460. Overall residential sales rose 2.5 percent to 2,900, resulting in about $947 million of sales, up from $918.2 million the previous year.
The median sale price for condos increased 4.4 percent to $165,000, while the median price for single-family homes was $360,000, a year-over-year increase of about 3 percent.
Palm Beach
Residential sales jumped 5 percent to 2,714 closings in July, totaling about $1.09 billion – up from just over $1 billion the previous year. Condo closings increased 9.8 percent to 1,180, and single-family home sales rose 1.7 percent to 1,534.
Prices rose at roughly the same pace for condos and single-family homes. The median price of condos increased 4.1 percent to $177,000, and the median price of a home jumped 4.2 percent to $350,000.
By Ron Hurtibise South Florida Sun Sentinel
How affordable is life in Palm Beach, Broward and Miami-Dade counties compared with the rest of Florida?
You might be surprised to find out where financial planning site SmartAsset.com ranks us on its affordability scale.
We think of South Florida as a high-cost region because of the attention given to pricey mansions, ritzy restaurants, boutique pocket dogs and luxury automobiles. But according to its new study, purchasing power in each of the three counties compared with the state’s 64 other counties is more favorable than we might assume.
In Florida, counties identified as having the strongest purchasing power tended to be smaller counties with waterfront profiles, including St. Johns, Nassau, Santa Rosa, Collier and Brevard — all of which were in the top 10.
Palm Beach County was ranked 15th, Broward County ranked 23rd and Miami-Dade County was 41st in purchasing power.
Yes, rents and home prices are higher here, and South Florida is the nation’s 12th most-expensive area for home prices, as recently pointed out by HSH.com, which sells mortgage data to the home-selling industry. But that’s balanced by lower prices generated by increased competition from more businesses such as car dealerships, grocery stores and home health-care providers, experts say.
The personal finance website estimated how much money it costs to live in each U.S. county — based on costs for housing, food and transportation — and compared that with median incomes for those counties to produce a purchasing power index.
Palm Beach County got the No. 15 spot on the list largely because its median income, $55,277, is comparatively high compared with its estimated $38,400 annual cost of living. Even though the county has the second-highest cost of living, its median income is ninth-highest, resulting in a difference between median income and cost of living of $16,877.
“Counties that rank higher in our study have an income that more favorably covers that cost of living,” SmartAsset senior editor Ross Urken said. “Counties where the inverse is true will rank lower.”
In Florida, counties with strongest purchasing power tend to have a lot of retirees who buy homes with income earned outside the county and can take advantage of lower overall prices for goods and services, said William Stronge, economist and professor emeritus at Florida Atlantic University in Boca Raton.
Broward has a median income of $52,954 (12th-highest) and estimated cost of living of $37,880 (fifth-highest), while Miami-Dade was 41st because of its more narrow spread between median income, $44,224, and estimated cost of living, $35,087.
Costs are controlled in urban counties such as Palm Beach, Broward and Miami-Dade because of what Stronge called “agglomeration economies” — those are benefits derived because of people and companies locating near each other.
Examples include home health-care workers who can charge less for their services because they have to commute a short distance to their jobs, compared with the same workers in rural areas who might have to drive 50 miles, he said. Shipping companies and restaurants that open in industrial parks also benefit the parks’ tenants by trimming commute costs to access those services, he said.
Because they are clustered, “then people meet and discover the latest techniques for managing and doing jobs and that improves efficiency,” he said. “That’s called an external economy of scale as opposed to an internal economy of scale, such as Henry Ford developing more efficient ways to run his assembly line. It’s when you get benefits from outside your firm.”
Similarly, urban areas draw more businesses to compete with one another, keeping prices lower for consumers, Stronge said.
Because supermarkets are both competing and serving larger customer bases, they can command lower prices from suppliers and pass the savings along.
In SmartAsset’s rankings, counties with the weakest purchasing power tend to have small populations, be inland and dependent on low-paying agriculture jobs, including the bottom five: 63) Jackson; 64) Madison; 65) Dixie; 66) Glades; and 67) Putnam.
Nationwide, counties with the lowest purchasing power ratings tended to be concentrated in the Deep South — Kentucky, Georgia, Alabama, Mississippi, Louisiana, Arkansas and Missouri — as well as New Mexico, Oregon, Idaho and Montana.
States with high concentrations of counties with high purchasing power include Texas, Wyoming, Nevada, Utah, North and South Dakota, New Jersey, Connecticut, Massachusetts and New Hampshire.
Large-population states, including Florida, New York, California, Illinois, Indiana, Ohio and Wisconsin, have roughly even distributions of counties with high and low purchasing power rates.
It’s one of the international capitals of the world, its weather is nice for a good part of the year and the Real Estate market has been growing, but these are the true reasons why this paradise of Southern Florida is a unique place.
Starchitects. Zaha Hadid, Renzo Piano, Rafael Viñoly and a long list of world stars in architecture are behind some of the main projects in Miami, which adds value not just to their creations but to the whole city. Little by little, Miami is becoming a showcase of architectonic styles.
Unlimited possibilities. In the south of Florida it is no longer a differentiating factor to offer a pool, gym or concierge, because you now can find studios for artists built in a way that they have natural light during the whole day, cinemas and parks for children within complexes or kitchens equipped under the standards of award winning restaurants. A level of luxury that is almost impossible to find anywhere else.
Cosmopolitan quality. Miami has stopped being a holiday city or a business center to slowly become a metropolis in the style of the greatest cities. Its vibrant cultural scene with museums, galleries and art festivals, its energetic gastronomy, and its capability to house massing sporting events and musicals have made it a very desirable place to live.
A partir de 2019 las estrellas de la Fórmula 1 llegan para competir en Miami y este desembarco será maravilloso no solo para inversionistas y aquí te contamos por qué.
Concours Club. Inmediatamente conocido el resultado de la votación que llevó un Grand Prix a la ciudad, constructores propusieron este complejo en el Miami-Opa Locka Executive Airport que incluirá una pista de carreras, spa y restaurant entre otras atracciones y desde ya es una de las propiedades más apetecibles de la zona.
Exposición mediática. Hablar de Fórmula 1 es pensar en que durante un fin de semana sus 500 millones de fans en todo el planeta que siguen las 21 races en 5 continentes, con una audiencia comprobada de unos dos mil millones de espectadores y 15 millones de seguidores en redes sociales tendrán sus ojos en Miami y la ciudad podrá aprovecharlo.
Unión entre deporte y sociedad. Con organizaciones como RISE (Ross Initiative in Sports for Equality) en la promoción hay un esfuerzo importante para lograr la inclusión y el progreso social a partir de estas competencias de alto nivel, mientras que experiencias como las ofrecidas en el Homestead Miami Speedway que permiten conducir por horas autos de carrera en condiciones controladas son buenos ejemplos de la forma como impactará positivamente el Grand Prix de Miami en la comunidad.
