Normandy Shores

Miami Property Values Steadily Increase

Miami Property Values Continue to Increase With Miami property values steadily increasing in all 37 districts of the Miami-Dade county area, now is the time to invest in real estate.  Investors have seen a 9.4% increase in Miami property values from 2014.  In fact, sales prices have appreciated 60.6% over the last 5 years in Miami.  Additionally, Miami ranked among the 10 highest median rent rates in the nation in an August 2015 report, leading to strong returns for investors.  Miami property values will continue to rise as new development increases to keep up with the growing demand to live in one of the most desirable cities in world.  Here is a list of the top five areas where Miami property values have increased the most. 1. Sunny Isles Beach Sunny Isles beach recorded the most growth with a 16.7% increase in property values from 2014, from more than 6B to more than 8B. This is a trend that will continue due to the amount of new projects already under construction. This sore in property appraisals has provided Sunny Isles with an steady increase in general and assigned reserves of $19 million in 2015. 2. Key Biscayne Key Biscayne had the most growth in construction, with over $564 […]
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