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Showing posts from May, 2019

Miami remains one of the top destinations for Americans looking to move

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Miami remains one of the top destinations for Americans looking to move elsewhere, according to  a recent analysis from Redfin . The online home listing company compiled data from approximately 1 million users who searched for homes for sale on its platform in the first quarter of 2019. From these data, Redfin was able to deduce where prospective homebuyers were looking to move to. In its analysis, Redfin ranked Miami the fifth-most-searched city among users located outside of the metro area itself. Miami recorded a net inflow of 4,400 Redfin users from somewhere other than Miami, up from about 3,000 at the same time last year. More than 28 percent of searches for Miami home listings were conducted by non-local users, with New York City being the primary location of those users. For comparison, Phoenix posted the highest net outflow number, with almost 8,000 users from outside the Phoenix area looking for homes on Redfin. But another Florida hotspot for domestic migrants — Tampa

Miami: Up and Comers

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When looking for the Miami-area neighborhoods of tomorrow, the signs are there—if you know what to watch for. Watch for the new Starbucks or Whole Foods. The new yoga studio or SoulCycle. A juice bar. For potential homeowners and investors searching for a neighborhood on the way up, these are the telltale clues. Interior designer Christopher Coleman of the Sanchez Coleman Studio is always on the lookout for promising neighborhoods. “I love old gas stations or small cottages or abandoned buildings that I think I can transform,” he says. Coleman envisions turning such spaces into restaurants or concept stores, and when he sees these venues appearing, he knows the neighborhood is prime for gentrification. Brian Rokicki, a realtor associate with Darin Tansey’s group, Douglas Elliman Real Estate, was quick to spot the transformation happening in Sunset Harbour, with its now-established foodie-and-fitness lifestyle. Keep an eye out for small or large parcels of land being