On the Ground – Expert insights on the South Florida Real Estate Landscape

Alex Vidal, RelatedISG International Realty President

Q: General real estate sales were very strong in 2017. What is your prediction for the market in 2018?

A: Based on what we’re seeing in downtown Miami and along the Biscayne Corridor, the rental market will continue to be a very active segment of general real estate. Low inventory levels in these areas and others across South Florida will keep rental demand strong. When it comes to single-family homes, those under $800,000 and over $3 million will do very well.

Q: For those buyers and investors that are looking more. towards the luxury condominium market, what trends are you seeing in that sector?

A: Almost every condominium developer in Miami is in a closeout mindset, and that will lead to the closeout of the current development cycle. That mindset is helping my agents, as it gives them more flexibility than ever before to close deals. Basically, now is the time to buy these types of properties, before the remaining inventory gets absorbed.

Q: What neighborhoods do you see the biggest opportunities in this year?

A: People love to live where the action is, and with all the new residential and commercial developments in Miami’s urban core, like Brickell City Centre, that area has become a very exciting place to live. I also think that the neighborhoods with great public schools will continue to be in high demand for those buyers looking for single-family homes.

Q: You now have 550+ agents in RelatedISG International Realty. What do you attribute your high growth rate to?

A: It really breaks down to having to of the biggest names in South Florida real estate combined with an agent support system not found anywhere else in the industry. We offer the tremendous advantage of the well-known and reputable Related brand coupled with a company-wide drive to be a true partner with our agents. That combination makes our agent partners raving fans of RelatedISG International Realty.