With a 471% increase in median home price over 17 years, Forbes names Brickell Avenue one of the best real estate investments.
Brickell Avenue And 13th Street Median Home Sale Price: $623,492 Price Growth Since 1990: 471%
Given the recently bipolar activity in the Miami real estate market, where home values were the fastest to grow and the quickest to fall, it's a great time to evaluate the areas of the city where median home sale prices have remained resilient over time. Parts of Miami Beach are more expensive than the Brickell Avenue area, though often that's the case of recent development. This suggests that new homes, not home appreciation, has driven much of the climb. In terms of long-term performance, a 471% increase in median home price over 17 years is impressive. Like much of the area near the coast, this neighborhood has many luxury apartment buildings overlooking the water.
Patrick Orloff and Kenny Raymond - Orloff & Raymond International Group
Prudential Florida Realty - 825 Arthur Godfrey Rd, Miami Beach, Florida 33140, USA
Phone: (786) 594-3850 | Fax (305) 675-5738 | E-Mail: info@thinkMIAMI.com
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