Millennials The Dominant Force In Luxury Real Estate

Millennials are the most educated generation in history. With an higher earnings they are set to inherit more than any prior generation.

As a result, millennials are quickly becoming a dominant force in high-end real estate. At 38%, millennials adults born from 1981 to 1996 represent the largest share of home buyers in the U.S. According to a survey by the National Association of Realtors released last year. “They’re just as interested in owning a home. They just waited longer to buy their first one,” says Bradley Nelson.

Breaking from the notion of a “starter home” that older generations embraced, wealthy millennials, Nelson says, are going big. “In the past, people bought a modest property, lived in it until starting a family, and then traded up to a larger property,” he says. “Millennials are finally coming out of the gate, and it’s not uncommon for the first purchase as a first-time homebuyer to be a multimillion-dollar luxury home in the US or internationally.”

According to a recent survey, 63% of affiliates polled said they expected luxury home prices to rise over the next three years in their respective markets. More than 70% of respondents reported heightened demand at the end of 2020.

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Booming South Florida Housing Market

As some of you may know that the South Florida housing market was booming for much of 2020 and we can say it will continue in 2021.

The current scenario in the South Florida Real Estate market is high demand and low inventory. Single-family homes have been going off the market at a fast pace with many sellers getting offers above asking price.

Buyers are being left without many options to choose from and having it to wait longer to find an available house to make an offer.

With the strong seller’s market, the price rising may be bad news for some but for many it is music to the ears. Learning to compete with other buyers in the current market is something everyone will need to learn and adjust.

We encourage buyers to take advantage of the low interest rate currently at a historic low.

With low interest rate just a small portion of your monthly payment will be put towards interest. Meaning you being able to afford a little bit more house than you might in a higher rate situation.

According to recent research and real estate professionals 2021 is a very promising year for South Florida Real Estate.

With the low supply of homes this means that sellers will have the hands of negotiation making South Florida Real Estate a Seller’s market in 2021.

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Jade Ocean, Sunny Isles

17121 Collins Ave 3208 Sunny Isles Beach, Florida 33160

STUNNING 4-bed, 4.5bath corner unit located on the 32nd floor of the Jade Ocean building in the heart of Sunny Isles. Luxury beachfront living in a modern and distinct oceanfront skyscraper designed by Carlos Ott. Enjoy breathtaking, unobstructed, direct OCEAN, intercostal and Miami skyline views with two spacious, east and west wraps around balconies. Be blown away by the amazing sunrise on the ocean and the beautiful sunset overlooking the intercostal and Miami skyline. This one-of-a-kind residence has been professionally decorated. Be delighted by the stunning décor, gorgeous finishes throughout, motorized window treatments and top of the line appliances. Unit is in pristine condition as it has had little to no use by the current owner. Two AC units have been recently replaced.

FEATURES

4 Bedrooms
4 1/2 Bathrooms
Total Square Feet 2485

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Making The Move To The Magic City: Miami

Now more than ever businesses and individuals looking to land in South Florida.

South Florida has always attracted people looking for warm weather. While the weather has always been the main reason people migrated to South Florida. COVID may now be the core reason individuals and now businesses are moving to South Florida.

With technology enhancing the work environment and being locked down at home more people are realizing they can work from anywhere.

Miami is a growing area, and many individuals and business owners has realized that COVID is giving an opportunity to make a complete and clean move. While a lot of business still have their staffs working from home relocating a business would not disrupt the workflow.

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Tips For Buying Income-Producing Real Estate Out Of Your Area

Income-producing property is real estate you invest in to make money from tenant rent payments, appreciation in market price, or adding value with additional revenue streams.

If you heard that buying a rental property is a fantastic way to produce passive income you heard it right. Real Estate is one of the best investments that you can make.

Investing in income-producing property involves a little extra work and research but when done right you can make a great investment.

Like any other investment, rental property is not going to produce a large monthly paycheck right away, you must be realistic in your expectations.

The question is can you buy and rent out the property when you don’t live in the same city? And the answer is yes. If you follow a few rules you can take advantage of the market while still living in the area you call home.

Here are a few tips for you to look for it when you decide is time to invest in income producing property.

Research Growing Cities
Avoid The Rental Nightmares
Anticipate Problems But Don’t Let Them Deter You

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Miami-Dade Total Home Sales Surge Double Digits

Miami-Dade Total Home Sales Surge Double Digits in September

Biscayne Beach Condo, Miami

2900 NE 7Th Ave Apt # 2702 Miami, FL 33137

Are you looking for the perfect view? Then this is the perfect match for you!

This stunning corner unit situated at the luxurious Biscayne Beach Condominium has an endless water view of the Biscayne Bay. With a desirable floor plan this unit has been professionally and fully designed with distinguished modern and sophisticated touches.
The unit offers a private elevator entry where you can admire the amazing views, wood finishing, porcelain floors, top of the line appliances, high ceilings and much more.
At the Biscayne Bay you can delight yourself in luxury amenities, which include full service at the beach club pool, valet parking, bbq area, basketball court, party room, theater, game tables and a library room where you can enjoy quietly by reading a book.

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