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Miami is known to be a city that never sleeps. It’s known for its premier restaurants, and luxury lifestyle. Cultured clients often go out to upscale restaurants such as Carbone, Zz Club, Milos, Mila, Prime 112, and many more world class dining options.
All these amenities coupled with the warm weather year-round is driving a large number of residents to move into Miami. For many clients, this move means being able to experience warm weather consistently and the ability to leave tax heavy states such as New York and California.
The growth in Miami real estate is bringing in a new stream of buyers, who are increasing the demand on the luxury residential real estate. As a matter of fact, condominium sales in Miami are 59% higher year over year. Additionally, pending single family home sales are 176% higher year over year, which shows that a home in Miami is an excellent investment opportunity.
Daniel Tzinker, Broker Owner of Tzinker International Realty, has been one of top real estate agents in Miami for over the past decade. Tzinker believes the real estate market in Miami will continue to have steady growth, with little headwinds.
There is a surge in the number of out-of-state buyers who are bringing technology, cryptocurrency, and finance jobs with them to expand on the Miami ecosystem, with the help of Mayor Suarez. Additionally, Daniel Tzinker is seeing a huge demand of buyers who hail from affluent areas and from states that have high taxes.
Many investors are looking to add their money into the South Florida real estate market. Clients see the Miami area as a perfect opportunity to diversify their portfolios and hold money in an area where there is a less chance of upheaval and Florida has less COVID-19 regulations compared to other states.
For those who are interested in this hot market, Tzinker believes this is a perfect opportunity to take advantage of the low mortgage rates, which are continuing to drive momentum for real estate transactions in 2021. There is a strong demand, coupled with limited supply that is driving price appreciation in Miami-Dade county.
For those interested in exploring Miami’s real estate market, you are in good hands with Daniel Tzinker. He has an unparalleled knowledge of the luxury market and long track record of successfully closed transactions. His diverse portfolio of multimillion dollar deals includes: 9 Indian Creek (25.6M Land), 4580 North Bay Road (20M Single Family Home), Miami Beach Edition (14M Penthouse), Faena House (9M BeachFront Condominium).
Tzinker has a strong pulse on the market trends in Miami and can help guide even the toughest of clients on a property that best matches their needs. He attributes his strong grasp on the market to the fact that he is constantly learning new concepts and visiting the latest events in real estate, such as Formula 1 teams, Soccer tournaments, Art Events, and Charity shows.
Tzinker expects that there will be an increase in sales in the coming months due to low mortgage rates coupled with the peak season being a few months away. To elaborate, October through May is peak season in Miami because residents from New York, New Jersey, Chicago, Boston, and other states flock to Miami to escape the tough winters back home and enjoy the sunny 70-80 degree weather in Miami. Moreover, many clients are attempting to leave high-tax states. Miami represents a perfect balance of affordability and allure.
Most real-estate markets are getting hammered by the effects of the pandemic, however, Miami is not one of them. The demand in this South Florida area has only been increasing since the pandemic.
While no one has a crystal ball to determine how long this demand will continue, the belief is that this demand will continue to persist with more properties to come, which will affect pricing in the market. Overall, the future prospects for Miami real estate look great. To help you with the Miami market, Daniel Tzinker is your go to person.
To learn more about Daniel and Tzinker International Realty, visit his website.
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