Miami Brokers Say There’s An ‘Avalanche’ Of New Residents Incoming

Miami’s red-hot real estate market is about to get even hotter, brokers say, as new residents flock to the area.

Trends that were already in place are now accelerating due to the pandemic, they say.

Sep Niakan, who runs Condo Black Book, said that an avalanche of sales is incoming to the Miami market.

The trigger: work from home policies instituted by companies during the pandemic are now expected to be made permanent.

Employees are already visiting Miami to shop for a permanent home in advance of those announcements, thanks to better weather and lower taxes, he said.

Once those permanent work-from-home policies are announced, the “complete avalanche” will begin. Announcements by companies are expected late this year and in early 2021.

Real estate in the $1 million and up range is already on fire, according to Ana Bozovic of Analytics Miami.

In November 2020, Miami-area condo transaction volume in the $1m+ range was up 85% compared to the same period last year.

Single family transaction volume in the $1m+ category during November was up 127%.

 

 

 

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Yeppers
10 months ago

As long as they don’t vote here like they did in their home states which made them want to leave and come to Florida.

Azarius
10 months ago

‼️‼️‼️

Anonymous
10 months ago

Lets hope they dont vote tucker carlson next time around, we dont need a loser who is bipolar in his political decisions.

Anonymous
10 months ago

Tucker isn’t going to run for office, just like El Rushbo after pleas for him to do so for years. He’s a national treasure for what he does, which is making pajama boys on BuzzFeed and CNN tard rage.

Dan
10 months ago

I am not even in the GOP but Trump’s “electio was rigged” brainwash should keep enough bandwagoners to buy in and vote him in for 24 (just my thoughts). It will be VERY hard for Trump to lose that GOP bid.

Anonymous
10 months ago

Trump’s not going to run around a track or run in anything else in 2024. Anytime he doesn’t succeed at something, it’s somebody else fault or something was rigged against him. All these dummies who are out there marching around in this nation for some kind of justice for Trump will believe anything this con man tells them and they’ll even go against someone in the Republican party who disagrees with the Orange Man. I believe there are people in the Republican party who will fight tooth an nail this time to keep Trump far, far away from the Oval office again.

Anonymous
10 months ago

Use the correct word next time if you wanna insult somebody… it’s “you’re” not “your.”

Anonymous
10 months ago

Libbie dummy posted here

Anonymous
10 months ago

Ba ba ba. Go back to oklahoma

Anonymous
10 months ago

These type of political comments are ridiculously lazy. People are coming here for a variety of reasons, taxes may be one of them. Regardless, their mindsets will change little and they’ll continue to vote whatever party they were voting in the northeast and CA.

Anonymous
10 months ago

It really amuses me how some people in Miami are shocked and lose their minds when they hear of something or people moving there.

I remember when Miami used to be called New York City’s sixth Borough.

Anonymous
10 months ago

Yep, they become anxious and paranoid that the demographics might change.

Anonymous
10 months ago

In the ’90’s Miami Beach was “Manhattan with Palm Trees.” And we still are!

Anonymous
10 months ago

“Manhattan by the Sea” was used as well. Love it! Welcome NYC transplants and from elsewhere also, glad to have you!

Anonymous
10 months ago

Dumb ass Manhattan isn’t far from an ocean.

Anonymous
10 months ago

“In the ’90’s Miami Beach was “Manhattan with Palm Trees”

And

“Manhattan by the Sea” was used as well”

were comments that went way over your head huh?

Keko Jones
10 months ago

If you left a state bc Of politics then you should leave that BS behind!!! But yea Vote RED!!! Don’t need that liberal ANTIFA bs mentality here… main reason why people are moving is bc Miami doesn’t have lockdowns or stupid crazy tax hikes!!! Maybe AOC and the dems can learn something.

Anonymous
10 months ago

Please.. even though you listen to him religiously, you’re still nowhere in Rush Limbaugh’s league when it comes to wealth.

Anonymous
10 months ago

another leftist thinking who refused to acknowledge antifa and higher taxes and think we all listen to rush. You know nothing about but what trevor noah says.

Anonymous
10 months ago

O’shutup with that ANTIFA crap. You righties let a buffoon take over your party and now even Bob Barr is wondering WTF!!!

Anonymous
10 months ago

name something antifa did, or wait… you get your information from fox news and OAN. Antifa, although im not supporting them, didnt not burn america down. They threw milkshakes at people and burned 3 cars, get over it brainwashed sheep. Ba ba ba!

Anonymous
10 months ago

You suck. Are you serious vote red. They hate latins, gays, women.

J.
10 months ago

EHH….not exactly. I came from the NE years ago and my politics have changed a bit. #desantis

Anonymous
10 months ago

And Georgia,Wisconsin,Arizona,Michigan,
Pennsylvania,Nevada, New Mexico,half of Maine,Illinois, what’s your point?

Anonymous
10 months ago

I agree

Anonymous
10 months ago

Bullshit man I think it was the weather.
Democrat 2020

Anonymous
10 months ago

Man… Antifa rigged the election. – republican fool 2020

Anonymous
10 months ago

I read “Miami Brokers say”

And stopped reading the article. lol.
Payrolls and employment figures are a better statistical indicator of growth in an area than transaction volume on condo’s and homes. Surprise… Homes are no longer just for living in, they’re a commodity

Dan
10 months ago

I think they can both matter.

Facts
10 months ago

The Median Income in Miami-Dade County is about $27,000 for a single person. Public schools are terrible. Miami has lot to do before it becomes attractive to families.

Anonymous
10 months ago

They can come.

Let’s see if they stay!

Anonymous
10 months ago

They wont, the housing market sucks no denial

J.
10 months ago

Of course many will return once the pandemic dies down, but alas many more will stay. And that’s good news. Most of those coming seem to be young, educated and the tax base this region needs. A win for South Florida.

Anonymous
10 months ago

Please bring good paying jobs.

Anonymous
10 months ago

They won’t.

They are coming to take good paying jobs or keep the job they already have by working remotely.

Shawn Kouri
10 months ago

There are some office buildings being built in downtown Miami, one of them as the 838 project in Brickell which is a 50 story office tower. That’s gonna bring pretty good paying to high paying jobs to the area already. In addition there’s already new office buildings being built and are in the pipeline in Wynnewood right now. People can go to the offices to work, but if they keep work from home jobs within the companies that move into these offices even after this pandemic, and have more employees than it really looks by offering work from home jobs, That would be good.

Shawn Kouri
10 months ago

I mean luck, even Goldman Sachs is relocating to Miami possibly. Even a hedge fund Corporation might also be coming.

Anonymous
10 months ago

lol… I literally left Miami (my hometown) b/c of the lack of decent colleges and didn’t come back because other cities offer much better paying jobs.

The main reason for leaving California/NYC/Chicago isn’t because there are better (or even good) paying jobs in this city. It’s b/c they can work remotely, indefinitely, and/or their current employer is moving its operations/offices to Miami.

Anonymous
10 months ago

actually miami has good paying jobs. Its competitive but you can find it.

Anonymous
10 months ago

Actually they are, they will increase demand for restaurant staff, ride share drivers and companies from up north will follow their talent.

Anonymous
10 months ago

Yes, they will increase the jobs for baby sitters, house cleaners and uber drivers.

Anonymous
10 months ago

Wow!!! Those are some great jobs that Miami really needs more of! Forget about those high paying tech jobs. Lets focus on low pay and low skills jobs instead for the people

Anonymous
10 months ago

And keep building noting but $1800 a month one bedroom apts.

Anonymous
10 months ago

But you are still reading a blog about Miami.

Go figure?

Good riddance!

Anonymous
10 months ago

New Yorkers and California you are welcome. as long you leave you bulshit politics behind

Anonymous
10 months ago

Well.. I mean.. I hope you didn’t expect everyone to fall for that “I’ll build a wall along the border and get this, Mexico is gonna pay for it” bs?

Anonymous
10 months ago

Except Mexico did, with USMCA and having to deal with Central American economic refugees with B.S. asylum claims, when they’re safe enough in Mexico. Even RGB ruled against such a stupid rule for people to seek asylum in a country while already in it.

Anonymous
10 months ago

It must hurt to do your own thinking huh?

Anonymous
10 months ago

Heaven forbid they should they should have minds of their own and not let losers like you do their thinking for them…omg, the scandal!

Dan
10 months ago

I dont see why the United States has to be so fucking polarized politically now sheesh.

Afi Keita James
10 months ago

And next year is my turn coming, south florida here i come.

Anonymous
10 months ago

Welcome Afi.

Danny Costa
10 months ago

Take a look around the city and embrace home!

Anonymous
10 months ago

From the Northeast ?

Anonymous
10 months ago

It was some people from the Northeast who got people interested in coming to Miami a long time ago.

Anonymous
10 months ago

Looks Like Tom Brady and Giselle Bundchen making the move too

Anonymous
10 months ago

Welcome Tom and Giselle!

Anonymous
10 months ago

I mean, it’s in their interest to spin everything positive.

Do they ever say anything else?

Anonymous
10 months ago

It doesn’t seem like he’s spinning if he gives you the detailed numbers.

Those are called facts.

Anonymous
10 months ago

It’s a ‘she’ and yes, she may be spinning.

Anonymous
10 months ago

Sep looks like a man to me. Did you not watch the first video or read the article?

Anonymous
10 months ago

Uh, a lot of people in Florida now came from somewhere else.

Anonymous
10 months ago

Everyone in Miami came from somewhere else.

Anonymous
10 months ago

Not everyone.. I was born and raised in Miami. But you’re really not that far off, most of the people in MiamiDade did come from somewhere else.

Azarius
10 months ago

See Musk went to Texas says Cali has gotten to complacent

Anonymous
10 months ago

California has 54 Fortune 500 Companies; FLorida has 18, none of which are big tech or banks (think Publix, Autonation, etc.). Educated Floridians get jobs that start at $60,000; educated Californians get jobs that start at $150k. Let us be real here, we have catching up to do.

Dan
10 months ago

What does that have to do with Miami? For as brilliant of a man as he is, as a person, he comes off as a fraud when he tries to act “woke”. I could elaborate but I also dont blame him for leaving california for cheaper pastures.

Anonymous
10 months ago

Hit the nail on the head! Don’t bring your liberal social justice warrior/socialist politics to Miami. Look at LA, NY, Chicago, Seattle. I am from Chicago and the state is a complete disaster. Chicago is circling down the drain, high crime, high taxes, people are leaving like never before. Corona just accelerated the exodus.

Anonymous
10 months ago

As long as they have $$$$. Miami sucks without it

justasking
10 months ago

if all of this woke, blm, anitfa etc stuff is so good, how come New Yorkers and Californians are escaping like rats right now?????

Anonymous
10 months ago

Great that Tampa/Central Florida is right for you not the case with everyone.

Rac The Raccoon.
10 months ago

“I am from a place where it does not snow” The sentence on that roof is epic! I never knew that was there!

Anonymous
10 months ago

It will be interesting to see how this dynamic unfolds. San Francisco has one of the highest per capita salaries and Miami has one of the lowest. Assuming the people who are moving to Miami also keep their same salary, they will ultimately begin to raise the cost of living here, to what point, who knows. But Miami was already struggling with a wealth and affordability gap and this will only exacerbate it seems. There will be some residual benefits but for right now it is the transplants that will have the upper hand securing housing and any other local resources. At some point locals who can’t keep up will need to pick up and move, I guess north and west. It will be interesting to see. Miami changes every 10 years or so based on what group is migrating here, so this is nothing new in the evolution of Miami, but I don’t think those of us who grew up here and even those who have been here for the past 10-20 realize how much a change is coming. I believe it could be ultimately major shift on par with the Cuban migration of the 60’s.

Anonymous
10 months ago

ehhhh….Miami should be so lucky to see an uptick in its incomes and job quality….I’ll believe it when I see it

Miami has affordability issues mainly because of its low incomes—living costs aren’t all that expensive for a top ten metro area. You can still get a 1 bedroom condo in the inland suburbs for around $150K, a 3b house for $400-500K. You’d be suprised how close suburban Dallas and Atlanta are to that these days, and forget NYC or LA.

Dan
10 months ago

i’m all in for a brain drain to Miami. I’m going to get downvoted but the reason a lot of tech or financial industries are underrepresented here is because of the lack of talent we have available. I do believe this will change as I think our growth rate and public education improvement (hopefully) will play big factors.

brickell
10 months ago

🙂 🙂 🙂 LOL… those who were coming bought already… NYC is at bottom now, only going up from there, as much as I dont like that city, dont bet against it, it will be back in a big way. Whats coming in a huge way to miami is firesales and foreclosures once you can finally start evicting people in january… brokers are always the loudest right before it caves in pushing those last sales through…

Anonymous
10 months ago

New York will always have a key role in the US economy, but if local politicians their continue to neglect their city to pander to most vocal woke constituents, the middle class individuals who operate business and pay their taxes will start to seek better alternatives. Declining tax base for an already glaringly red balance sheet does not bode well for the long term for NYC. No it’s not going to collapse like Detroit as it’s more diversified, but the too big to fail mentality tends breed complacency.

FYI: eviction proceedings resumed in Miami-Dade last month.

Shawn Kouri
10 months ago

It’s people from up north that are moving here. It’s crazy. People from up north now I want to buy a house down here.

Anonymous
10 months ago

“Build it and they will come”

Anonymous
10 months ago

LOL

Anonymous
10 months ago

Good riddance. Maybe now we can attract someone that is productive, ambitious and willing to work hard?

Anonymous
10 months ago

Miami developers are saying this? Good maybe the 2 years worth of inventory will begin to decrease.

Anonymous
10 months ago

“DoNt BrInG yOuR lIbErAl PoLiTiCs DoWn HeRe”. Idiots. Miami-Dade has voted blue in every election since 1996. Get out of your Hialeah/West Miami/ Miami Lakes Bubble.

Anonymous
10 months ago

A lot of retirees will be moving along with a lot of wealthy people from high tax states. I guess south Florida is the safest place for rich people and their wealth….lol

Anonymous
10 months ago

cant come if it isnt cheap and the population at a million would be more crappy traffic

Anonymous
10 months ago

Eww more wino women who call themselves dog moms and NE IPA drinkers

Anonymous
10 months ago

Sure until the next hurricane, at which point these new Floridians will be like WTF!(welcome to florida).

Anonymous
10 months ago

There are almost no software developer or engineering jobs in Miami so thousands of people leave every year for California, Chicagoland and the Northeast. I suspect a lot of the people moving to Miami are returning home.

Anonymous
10 months ago

Still better than forest fires, earthquakes, tornadoes and ancient infrastructure.

Anonymous
10 months ago

Miami winning!

Anonymous
10 months ago

I came from new york last year. As many northerners we prefer liberal parts of east miami. Wynwood, south beach, brickell, coconut grove. Not the conservative west miami with trump sign houses which residents like to eat croquettes.

Anonymous
10 months ago

So tolerant, I can see your bigotry shining through. If you are going to mock us, you should learn that croquettes are called CROQUETAS down here. Best you should know as you are not in NY anymore.

Anonymous
10 months ago

I don’t think you know what bigotry means Cabron.

Bkkk
10 months ago

Go back to your “woke” sh..ty paradise up north. Amazes me that people vote again for the thing that made them escape their home in the first place

Anonymous
10 months ago

Aaaaahhhhh.. alas, another person who knows how and when to use his car’s turn signal.

Welcome New Yorker.

Anonymous
10 months ago

Offcourse in east miami everybody is civilized and use the car turn signal like in world class cities. When i go in my village offcourse I don’t use my turn signal.

Anonymous
10 months ago

What is a “village offcourse?”

Anonymous
10 months ago

New York City people are cool….

Dan
10 months ago

You lost me at the last part. I dont understand why people have to slander hispanic culture to make their point. This seemed like a sly (and not funny way) of saying you just didnt want to live in more predominantly hispanic neighborhoods because theyre more conservative (thats the case for Cuban neighborhoods but not all hispanics here are Cuban lol)

Anonymous
9 months ago

Also from New York. NOT a liberal. Voting against Socialism ( or similar euphemistic equivalents) does not make somebody an uneducated redneck. Many of my Miami friends including , but not limited to Cubans and Venezuelans ( who, btw, live in Brickell and other sections in “the East”), have legitimate concerns about policies coming from the left as many have had first hand experience.