A recent report from the economic team at realtor.com sited that there has been an increased amount of
interest in southern real estate, which is no surprise as snow continues to pile up in the north with no signs of stopping anytime soon. This is not an uncommon trend during January and February when people are dreaming of warmer weather, however this winter has been particularly brutal and more and more people expressing interest in properties throughout the southern states in the hopes of escaping the fridge temps. Coming in at the top of real estate searches this month were Florida destinations Orlando, Miami, Tampa, although Raleigh, NC also ranked high on the list. The overall stats showed that commonly the areas of the country with the best markets during the winter months were Miami, Las Vegas, Phoenix, Raleigh and San Diego, which isn’t too shocking considering their average temperature for January was more than double that in the bottom 20 markets. According to Jonathan Smoke, chief economist at realtor.com, “The correlation between warmer metropolitan areas and more January searches makes sense, as it’s easier to get out and go house hunting in these cites. In these markets, looking for a home in November or January makes as much sense as August.” Harsh winter storms are prompting more people than ever to consider investing in southern real estate, which is good news for the market here in South Florida.
With year round sunshine, white sand beaches and booming business it’s really no surprise that demand is growing for properties throughout Miami and the surrounding areas. Buildings, condos, and homes are selling fast and often close to the original list price, so now is the time to get serious if you have been considering real estate here, whether commercial or residential. If you would like to know more about available listings then don’t wait, contact a RE/MAX agent today!