Miami and Why Property Investors Are Still Investing Miami and Why Property Investors Are Still Investing

Miami and Why Property Investors Are Still Investing

Sunday, February 09, 2020

In any industry, it’s always a good sign to see investors still investing. The real estate market, specifically, is still going strong, especially in the Miami area. According to various studies, nearly a fifth of all homes sold in the south Florida area are being bought up by property investors to this day, a number which is up 1.3% from this time, last year.

And investors typically know what they are doing.

What Is A House Flip?

Investors are buying single-family homes to either flip, which is buying at a low cost, fixing up and reselling at a much higher cost, or buying them to rent out. This is great news for moneymakers but does not help already-high housing costs. For anyone on a low or fixed income, this can easily take them out of the running to become a new homeowner or renter of these properties. They have just become too expensive.

This study also found that the Miami metro area ranked #3 on the list of the highest percentage of home sales bought by investors in the United States. Miami is third only to St Louis and Birmingham, Alabama.

Miami has an advantage to some other locales. With the international diversity of the Port of Miami, this affords properties to be flipped and if not, then rented out, still making it a win-win scenario. Due to these advantages, the median home sale price in Miami has now upticked to a whopping $370,000.

Whatever Your Needs, We've Got You Covered

There are always deals to be had and money to be made, whether you're one of Miami's many interested property investors or just someone looking for a new home at a great price. With Luxury Living Listings, we can help you locate the perfect home suited to your needs. Miami has many great real estate opportunities that are just waiting for you in the warm south Florida area. Call on us, today, to let us start the search for you.

 
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