5 Reasons the Miami Real Estate Market is Hot, Hot, Hot

Published: Feb 20, 2014

The Miami housing market has been enjoying such demand that sales increased for a third year in a row, according to information from the Miami Association of Realtors and the MLS.

The growth was spurred by both domestic and international buyers and is expecting to remain strong in 2014, according to Liza Mendez, a Chairman of the Board of the Miami Association of Realtors. The prediction is justified by 5 factors.

1. Single-family homes are selling at a very fast rate, suprassing that of last year;
2. The Association is leading a successful campaign, helping its members to get more listings;
3. Prices of both condos and single-family homes continue increased 19.9% and 19.7%, respectively, compared to last year;
4. The average percent of original list prices is also seeing an increase;
5. Miami is popular with international buyers, as witnessed by an increase in all-cash sales.

Read the full article at the Housing Wire.

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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.