“Huge demand & record-low interest rates continue increasing transactions in Miami in Q2 2021…”🏡🔥 According to the Miami Association of Realtors. Starting off the week with some juicy Miami Real Estate stats 💦📊 What happened in Q1 and how’s Q2 looking... • Demand will continue to grow as home buyers in tax-burdened states move to Florida🌴 (no state income tax), remote working is commonplace now 👩💻 and we still have record low interest rates.👌 • Miami Luxury ($1M+) Single Family Homes & Condo transactions jumped over 200% in Q1 2021 compare to 2020 ⬆️ • Single Family home prices increases 21.6% year-over-year ⬆️ Condo prices increases 17.6% year-over-year ⬆️ • Single Family Homes are going under contract in 30 days, 53.8% faster than a year ago 🚀Condos under 60 days, 29.4% faster than a year ago 🚀 • The median % of original list price received for single-family homes was 97.2%, up 1.9% from 95.4% last year ⬆️ For condos this was 94.3%, up 0.3% from 94% last year ⬆️ • Luxury inventory continues to trend downward for all property types✨🏡⬇️ • Miami remains a bargain 🙌compare to other global cities 🌐 in Miami $1M can get you 85m² of prime property according to Knight Frank’s 2021 The Wealth Report. Monaco 15m², Hong Kong 23m², London 31m², NY 34m², LA 44m², Geneva 35m² and Paris 42m² 😅 Perfect time to sell right now or to still catch the last prime inventory!👌✨ DM if you have any questions and/or are interesting in buying, selling or renting 🏡✨ 📍Miami 📸 @panameraphotos #miamimarket #miamimarketreport #marketreport #miamirealestate #miamihomes #miamicondos #luxuryrealestate #luxuryhomes #luxurycondos #miamirealtor #miamirealestateagent #miamiluxuryrealestate #miamiluxuryhomes #miamiluxurycondos #luxurylifestyle #luxuryliving #interiordesign #luxurydesign #luxeathome #joanshomesmiami #miami (at Miami, Florida) https://www.instagram.com/p/CNS3aTOB2Dm/?igshid=jjsr0b80643