South Florida Market. It is surprising the difference in what is reported by the national press and what actually exists. There are sub-markets where the reporting is accurate. The only trouble is; Location Location, Location, still prevails and governs the activity of the wise investor owner. Remember, there is a 15-20 percent un and under employment in South Florida. That means there must be a 80-85% employed market. In Miami they have better than average family incomes. That socio-economic segment of the market tends to seek the best Locations, because they know there is no difficulty buying now and/or re-selling later. That makes sense.
I am a designated MAI appraiser, but I can put you in touch with my Realtor associate partner if you were to e-mail me at firstname.lastname@example.org He can wisely guide you to proven market recognized "hot but overbuilt" areas in South Florida for good substantial discounted bulk inventory and/or individual unit purchase.
Thanks, Ted Norbert Jr. MAI, SRA
Aug 26, 2010