Miami property market normalizes after record growth

Miami property market normalizes after record growth
08/06/2016 , by , in INTERNATIONAL

After eight years of record residential sales, Miami real estate market is normalizing with steady growth.According to Anthony Graziano, senior MD of Integra Realty Resoures, 2013 and 2014 were extremely strong for the Miami market for fundamental reasons, including pent-up demandand job growth.The single family homes priced between 200,000 dollars and 600,000 dollars saw a 5% year in year increase in April, with the sector representing 63% of total Miami single family home sales.e reason Miami is important because it is what is leading Miami in the market place. It’s our urban core.“Miami is one of the fastest growing cities in the world. I don’t see any slowdowns,” said Alicia Cervera Lamadrid, managing partner of Cervera real estate.

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