Local Residents and US Citizens are back in the Market!

The real estate market is continuously changing. A few years ago, it seemed to slow down, and most of the main investors were immigrants that were looking for a second vacation home. However, the market had seemed to turn upside down, and since 2016 and 2017, local residents and U.S. citizens are coming back for real estate investments.

            The Miami real estate market seems to be one of the favorite for the upcoming years. The weather, coziness, and investment stability in this city is dragging investors every day. The most interesting part is that those investors come from every generation.

            Ten years since the housing crisis, middle-aged people have fixed their credit offer. This is offering them the opportunity to reinvest their money back in the market. They seem to be buying second homes and also investing in properties as a way to gain future profits (either by reselling or renting). And due to the great deals in Coconut Grove and Coral Gables, this seems to be an amazing opportunity for this generation.

            Regarding the Baby Boomer generation, they’re downsizing or buying second homes. People from this generation already own a property, and are settled in life. But real estate is pretty attractive to them since it’s the safest way to use and keep your money, while making a profit. However, most of them are just investing in real estate to purchase a second home to spend their vacations. And there’s no destination like Miami to do so. So, you can figure out that this is a great move for South Florida’s real estate market.

            Last, there’s the Millennial generation. This is the youngest generation to have the economic opportunity to invest in real estate. Since they are tired of paying rent, the Millennials have done some great work at saving money, and now have enough to get into the market and buy a property of their own. This is a generation mostly made up of single families and full-time local residents, so this will help the Coral Gables and Coconut Grove housing market, since the properties here meet the needs of these types of investors.

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Best Deals in Coconut Grove

When planning your next investment, the real estate market should always come to mind. It’s the safest way to use your money! If you’re also looking to move in to a new neighborhood with your family –or only purchase a second home to go on vacation, then Coconut Grove, in Miami, Florida, is a great option. Right now, Coconut Grove is offering the best deals in the real estate market.

            One of the best things about Coconut Grove is that it’s the perfect neighborhood for your family, especially if you have small kids. Here you’ll find great schools, amazing medical attention, a great variety of entertainment options, retail, food, and so much more. Remember, real estate is all about LOCATION!

            Gables Riches is currently offering some great deals on gorgeous properties that will probably suit you and your family’s dream home. This one over here is a single-family home, with 3 bedrooms, 2 bathrooms, and 1 half bath. This 1361 sqft house is located in the heart of Coral Gables, near the Coral Gables War Memorial Youth Center, the library, high school, Publix, Barnes and Noble, and so many food places such as: Season 52, Graziano’s in the Gables, California Pizza Kitchen, and so much more... You can buy it for only $560,000 (cash only).

http://www.gablesriches.com/propdetails.aspx?mlsid=A10148909

            If you’re looking for a smaller place, then this 936 sqft property will provide you with the most comfortable and cozy environment. At only $530,000, this 1-bed/1-bath house can become your home! It was built in 2002 and it’s located at walking distance from the beach. Nearby, you’ll find Greenstreet Café, Lulu in the Grove, Jaguar, Bombay Darbar, The Fresh Market, Grove Key Marina, Regatta Park, Peacock Park, The Barnacle Historic State Park, and more.

http://www.gablesriches.com/propdetails.aspx?mlsid=A10192108

            This last property is the perfect combination of luxury and coziness. With 2 bedrooms and 1 bathroom, this is a great home for a family with one child. Why? Because of its location. The property is near Coral Gables Hospital, Pediatric Dental Center, and Digestive Medicine Associates. Also, it’s very close to Esc. Ivet Dade School, and it’s very near the beach. This is a great area for your kids to grow up, since you have it all nearby: health, education, and entertainment. It’s a great deal when it comes to Coconut Grove. You can buy it for $489,000.

http://www.gablesriches.com/propdetails.aspx?mlsid=A10187008

So, if you’re planning on moving or investing in Miami, then you should consider Coconut Grove as a great destination. These properties are in constant movement, so if you’re interested in purchasing one of them, but they’ve already been sold, the Gables Riches team can help you find another similar, perhaps even better deal.