Miamism Blog

You are here

The Miami Report 2018 - 25 Years of Transformation

Ines Hegedus-Garcia
ines@miamism.com

The latest Miami Report is out and we were fortunate to watch ISG World's own Craig Studnicky, do a live presentation to celebrate ISG's 25 year anniversary. For those that don't know, ISG is one of our parent companies and hence the name, Related ISG International Realty.

To get a copy of the report, either digitally or a hard copy, please contact us and we'll be happy to provide.

Craig started of his Miami Report presentation with the following quote which summarizes my sentiments and the reason so many of us love this city and choose it as our home:

Don't ever second guess the resiliency of Miami. She will never let you down

Miami - 25 Years of Transformation

Over the last quarter century, the downtown Miami skyline filled in, the region experienced exponential expansion and Miami evolved into one of the most desirable places in the world not just to visit, but to live and conduct business in.  Today, Miami is a cultural, commercial and entrepreneurial hub that validates its status as a world-class city.

Miami = World-Class City

The Miami Report goes one to provide some impressive stats that put Miami on the global map

International Influx

With its incredible climate, central location, great value and diverse cultural landscape, it’s no wonder that so many foreigners choose to make Miami their home.  In 2017, 22% or $24.2 billion of US foreign sales occurred in Florida, up 25% from the previous year. 53% of foreign sales in Florida occurred in South Florida.

  • Florida #1 in US Foreign Sales in 2017 with top 3 countries coming from Venezuela, Argentina and Brazil
  • Florida #1 for the last 9 years and top destinations among foreign buyers 2016-2017

Miami's Infrastructure

  • Transportation
  • Cultural & Economic Growth
  • Technology
  • Hotels
  • Culinary Scene
  • Art & Culture
  • Sports & Recreation
  • Education
  • Landscape of the future

Miami's Annual Appreciation

But out of all the stats provided in the Miami Report, which debunk all media guesses about years of inventory as well as the future of Miami’s real estate, the most impressive one is provided by analyzing the last 25 years of South Florida’s appreciation.

25-year closed sales macro analysis for condos built since 1993 and East of I-95 show a 229% increase since 1993! That’s an average 9% per year!

Miami's Population Growth

And lastly, Florida is #2 in population growth nationally.  Out of the 900 people per day that move to Florida, 45% of that is for South Florida (25% to Miami-Dade, 12% to Fort Lauderdale and 8% to Palm Beach).


Recent Posts

  • Aug 16, 2018

Ours was a difficult sale We just received a glowing testimonial from one of our Brickell Condo clients and had to share.  After all the years we've been in business, we find that each transaction is different and our... more

How is the Surfside Real Estate Market Doing? There are currently 48 Surfside homes for sale: (compared to 42 in June). Highest priced listing:  $10,000,000 - 1332 Biscaya Dr - house on 14,903 SF lot with 100' of wide bay,... more

You may know by know that I'm involved in leadership for The Miami Association of Realtors, the largest REALTOR association in the United States!!  We are constantly analyzing data to be able to help our clients and I'm... more

For weeks, you cannot open Instagram without seeing dozens of umbrella shots.  To think that a temporary art installation would draw saw much traffic to an area and become instafamous is really exciting.  The project is... more

Our Twitter

What is the Value of my Home?

Obtain a free personalized home pricing report.