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Market Slowing?

Compared to April last year, the Miami-Dade market of April 2023 had mixed performance. We saw a 38.5% sales volume decrease, a 93% uptick in inventory, and properties going for an average of 3% below the asking price. However this was also accompanied by a ~6% increase in sale price on average. So what does this mean?

Decreased urgency is shifting the spotlight from listing agents to Great Property Managers and Operators to keep the cashflows green.

1. Full Report on SFR

2. Full Report on Townhouses & Condos

Hollywood Single Family

Welcome home to this beautiful 3 bed, 2 bath single-family! Tucked into the North Park Community bordering Hollywood Hills, this spacious house has an updated and open kitchen, bonus den in the back, and a sprawling backyard and patio. The kitchen is equipped with stainless steel appliances and both bathrooms have an updated and polished appearance. Walking distance to the local YMCA, Hollywood Hills Elementary, and backs up to Rotary Park. And the best part is NO HOA

• Asking Price: $490k

• Market Rent: $3,500

5 Units in Lakeridge Fort Lauderdale

Turnkey 5 unit multi-family apartment building. Could be converted to 6 units. Located in Lakeridge neighborhood, just 1.5 miles to Fort Lauderdale Beach! All units have been completely renovated: impact windows, new kitchens, new bathrooms, new flooring, new mini split AC units and appliances, Washer/Dryer room ready for additional income potential. Privacy fence and assigned yard space for each unit. Next to a vacant lot with future development potential. Current asking price reflects almost 6% NET Cap rate! 5 parking spaces and additional off-street parking.

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• Asking Price: $1.5M

• Units: 5

• Cap Rate: ~6% NET