Did you know that as of last month Miami ranks ninth nationally in median one-bedroom rental prices? At $1,840 per month for a one-bedroom, we are still way behind first place San Francisco’s astonishing $3,590, but our rental rates have steadily grown. In fact, rent rates rose 1% between January and February of 2016 and are up 5% year over year. If you think that is a drastic increase, then look at two-bedroom rentals – their median price has jumped 13% since last year!
With median rental prices rapidly increasing, isn’t it time to consider purchasing a Miami home?
If you need help buying or selling a home give Ashley Cusack a call at 305.798.8685, or visit her website at: Luxury Miami Real Estate.
My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.
As the #7 Realtor company-wide at EWM in 2014, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!