Offering amazing real estate opportunities, beautiful beaches and a luxury lifestyle, theres no surprise that Miami Beach ranks high on the list of most coveted markets for home buyers. According to the latest stats from Realtor.com, its one of the 10 cities where the real estate market leans in favor of buyers.
According to the latest TRENDS report issued by ONE Sothebys International realtythe average price for single-family homes increased by 10% in April 2021 to $1.15 million, roughly double the price one year ago. Despite the additional price appreciation, buyers continued to compete for quality homes. Approximately 24% of homes closed at greater than the list price, the highest mark in several years. The Miami-Dade County condo market is also increasingly competitive. The most significant constraint on buyers is for-sale supply, and buildings and neighborhoods with available units are seeing increased interest.
South Florida Agent Magazine says the city draws in lots of buyers because of its rich condo market and since COVID-19 has pushed international consumers out of the competition, motivated sellers are now more willing to accept offers.
ONE Sothebys International Realty represents some of the most exceptional listings in the area, with agents that have the knowledge and expertise to get the deal done. Check out these gorgeous listings in Miami Beach, and follow us on Instagram @onesir to see more. 
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