Some of Miami’s Top Realtors shared their insights on Miami’s Luxury Real Estate Market at the ShowcaseMiami/Keller Williams Coral Gables Expert Panel at University of Miami.
Audrey Ross of EWM
Jeanne Nicastri of Coldwell Banker
John Sandberg of Keller Williams
Insights that were shared:
80% of their transactions in the past 12 months have been cash deals
They are seeing appreciation in some Luxury Miami Buildings (especially Miami Beach’s South of Fifth or “SoFi” area)
A majority of the International Buyers are coming from: Brazil, Argentina, Venezuela and Mexico
2011 has seen significant movement of premier waterfront properties in Miami Beach and Coral Gables (after less activity in 2010)
So far, it appears that Asian buyers consider the West Coast of the U.S. more accessible than South Florida
The Panelists said it was too soon to tell if the downgrade of U.S. debt would affect the South Florida Luxury Real Estate Market
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