The Great Opportunities of Beautiful South Miami

By
Real Estate Agent with EWM Realtors, Inc.

South Miami is one of Josh Garcia’s specialty areas, and for very good reason: it offers some of the best Miami Florida Real Estate anywhere in the market. With an official motto like “The City of Pleasant Living”, SoMi – to use its nickname – stays true to its roots as a cosmopolitan and vibrant place that welcomes all lifestyles and backgrounds.
 
Spanning a little over two square miles, the suburban city was first settled in the late 19th century, and become a full fledged municipality in its own right in 1927. As one of Miami-Dade County’s oldest continuously inhabited communities, South Miami features a rich cultural heritage in everything from music to cuisine. The abundance of parks, festivals, quality schools, commercial centers, and eclectic restaurants means that there is always something for everyone to enjoy.
 
Moreover, South Miami enjoys an excellent location near the heart of the Miami Metropolitan Area. Sharing Kendall, Pinecrest, and Coral Gables among its neighbors, it offers easy access to some of the most exciting and desirable locations in the county.
 
Josh Garcia can certainly attest to SoMi’s widespread appeal personally: many of his current buyers are keen to claim their own piece of land in this fast-growing neighborhood, particularly in and around 80th street, which runs just east of US-1 and includes the adjacent pocket of High Pines. Prices here range from the low $600's to over $5 million, a testament to the wide variety of options here.
 
Lots of analysis bears out this anecdotal evidence, too: when you compare the first four months of this year to the same period in 2014, you see big gains in both the average sales price and the average price per square foot, along with a substantial reduction in active days on the market (e.g. faster closings).
 
Early 2015 saw average sales prices rise to around $1,673.978 compared to this same period in 2014 – growth of 46 percent! Meanwhile, average sales price per square foot rose 10 percent – from $360 to $396 – while the number of days a home remains on the market declined from 118 days to 84 days – a drop of 40 percent!
 
Properties are moving quickly, and South Miami’s reputation as a great place to live is driving up demand. Opportunities abound for everyone. For sellers who market and price their properties correctly, you will likely find multiple offers. Those looking to buy will find lots of variety, but will need to be very vigilant and proactive – be prepared to make an offer on the spot!
 
And with the large influx of capital improvements and residents, SoMi will be even nicer and more desirable than it already is, with more new shops, restaurants, public works, and other attractions in store for current and prospective occupants.
 
If you want to find the best that this world-class community has to offer, such as our Featured Miami Listings ,or are looking to sell to this opportune market, contact Josh at (305) 496-6693 or info@miaprime.com.

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