Here are the 10 things you might not know about Florida real estate.1.
A new breed of developers is poised to take over the Miami market, with new companies taking advantage of the boom in underwater properties2.
The most expensive residential real estate in the world right now is in Miami.
The median price for homes in the city is now $872,000.3.
In the last few months, the value of Miami-Dade County homes have fallen more than 40% in price, to $317,0004.
The county has lost ground on its Miami-Fort Lauderdale and Broward Counties rivals as Miami’s real estate boom has accelerated.
The number of homes sold per day in Miami dropped to 14.5 million in September from 16.2 million in August, according to Realtor.com.5.
A few things you may not know are that there are now more underwater properties in the Miami area than in all of Florida combined, and that most of Miami’s homes are underwater.6.
The Miami Marlins are the only team in Major League Baseball to own a stadium.
The city of Miami has three sports stadiums and more than 1,400,000 residents who have access to sports stadiums.7.
The Marlins recently moved into a brand new stadium, the Marlins Ballpark, which opened in 2021.
Miami has also invested $200 million to build a new public health center in Miami-Ft.
A lot of new apartments are coming on line in Miami right now.
Developers are taking advantage and building high-rise projects in Miami’s most desirable areas.9.
The next few years will bring more affordable housing developments, including in the south, in the area of North Miami.
Developers also are starting to build homes in Miami Beach.10.
Miami-dade County residents are among the wealthiest in the state.
According to a report from the Miami- Dade Economic Development Authority, the median household income in Miami is $98,000 and the average income in the county is $81,000