Where to invest in South Florida now

[Christian Busch]

The Miami market is continuing to show price growth and some inventory growth. Inventory for single family homes continues to be very tight and I see the best opportunities to invest in single family homes in established and emerging areas. 

There are a lot more condos coming on the market now: a lot of people are looking to sell after the strong appreciation in the past few years and there are thousands of new units being added by new development projects that are now being completed. 

I've looked at a lot of condos and houses in the past few weeks and from being in the field I can tell you that the transaction volume is picking up again - a lot of places are going into contract and prices are holding up well.

My two favorite investment opportunities right now are single family homes in the top areas that your budget can afford and condos in buildings that were launched 4-6 years ago, are now in the market and have a lot of selling pressure because people who bought pre-construction want to sell and take profits.
 

What's your take on the current market? Where do you see opportunities?  Let's chat about the market and if you need personal advice on Miami or Fort Lauderdale real estate just message me. 

[Jay Lutz]

@Christian Busch @Khalid Bryan How do you think the changes to the condo association inspection reporting and reserve requirements are impacting the market? Are people getting spooked out of older buildings / concerned about huge assessments? What's the ratio of these properties in the market?

Also, to what degree are people reacting to the new insurance rates? We were looking at a $115,000 condo, but the insurance deductible was $25,000!