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Ashton Coleman
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Driven by Integrity. Powered by Service.
Driven by Integrity. Powered by Service.

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#Luxury #home prices in #Florida have climbed 16 percent in the second quarter from 2017 following the U.S. tax overhaul. The law's $10,000 cap on the tax deduction of state and local taxes is hitting owners in the wealthy suburbs of #NewYorkCity, including Westchester County, N.J., and #Connecticut.
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JADE Condos #SunnyIslesBeach | Recent Sales, Stats, and Trends AUG 2018
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Kiplinger Ranks #FLORIDA No. 8 for Job-Growth Rate

8. Florida

Population: 20,984,400
2018 job growth: 2.3%
2017 job growth: 2.2%
New jobs in 2018: 193,400
New jobs in 2017: 181,500
Unemployment rate by year-end 2018: 3.7%
Unemployment rate at year-end 2017: 3.9%

Florida GDP is expected to grow about 3.8 percent in 2018 and 2019, well above the national average. Construction is booming: a new high-rise is going up in Miami, and many retail strips are being converted to upscale. Housing starts will rise 10% this year and 6% next year, with home prices continuing to rise 6 percent to 10 percent on high demand. Florida still faces an oversupply of luxury condos, but cheaper housing is tight in most areas of the state.

The manufacturing sector is surging, along with much of the service sector. Workers are becoming scarcer, as unemployment rates are dropping fast in many metro areas. Residual effects of the Hurricane Irma evacuation are still keeping labor force growth low in the southwest and the southern Atlantic coast. Orlando continues to be the hottest growth area, with gains in tech, aerospace, and healthcare. Also, the resort beaches of the Panhandle are beginning to be discovered.

Domestic tourism to Florida is still setting records, but international tourism is down, especially to Miami. Latin American currencies have fallen in relation to the dollar this year. Overseas immigration to the state is also down.

The tax law change limiting the amount of property deductions may increase relocations to the Florida Atlantic coast from the Northeastern states. Any effect should be seen later this year and next.
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☀🌴Why Isn’t My #Miami Real Estate Selling?

When you finally hire the right residential broker and place your property on the market, you might be hopeful for fast results selling at or near the list price. This is especially so if you’ve put a lot of money into improving the property with so much enthusiasm from your new representative...👀

http://miamibeachrealestateblog.us/2018/08/why-isnt-my-miami-real-estate-selling/
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The 2018 survey touched on many other important #realestate trends in #Miami:

☑More than half of Miami-Dade County families spend more than 30 percent of their income on rent.
☑61 percent of agents surveyed said rising windstorm insurance rates and property taxes had a “high influence” on their client’s buying decision.
☑Local buyers accounted for 43 percent of transactions in 2018, up from 11 percent in 2015. Foreign buyers represented only 26 percent of transactions in 2018, down from 56 percent in 2015.
☑The most important factor for buyers is traffic, with 75 percent reporting it matters “a lot.” Real estate professionals who responded to the survey said that more buyers are now most concerned with traffic congestion in their new neighborhood. The area’s population growth has led to rising commute times while also spurring renewed interest in downtown markets where owning a car might even be optional.
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North Miami Beach | 'A City In Chaos.'
TMI but I know there must be interesting information related herein! 🤔

#Miami aka "The Sunny Place for Shady People."
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THE SCOOP 😍 by ONE Sotheby's International Realty
Your Weekly Guide to South Florida's Trendiest Hotspots!
#ONESIR #SIR #Sothebys
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New Media Partner Video - At The Forefront of Innovation
#Sothebys #SIR #OneSir #OnlywithONE
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#Miami As Seen From Above.
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Growing Demand Shapes #Miami | South Florida’s favorable tax environment, affordable cost of living and diverse economy contributes to Miami’s reputation of an ever-growing market.
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