2821 S Bayshore Dr Uph Apartment #B (Miami Beach), currently on the market
By Alexander Powers, BHS Content Team
South Florida continues to thrive as one of the hottest real estate markets in the country, thanks to its unique blend of lifestyle perks, economic growth, and unmatched location. Brown Harris Stevens Miami Agents Toni Schrager and Lauren Schrager, a mother-daughter team who have managed some of the highest-priced sales in the region, provided valuable insight on what's driving the region's real estate and what lies in store for it.
Despite a nationwide slowdown, the South Florida market--particularly Miami and Palm Beach--proves to be resilient. The Team attributes this to the region's outdoor lifestyle and business-friendly climate.
"South Florida's appeal lies in its exceptional location and lifestyle; stunning beaches, a vibrant cultural scene, and year-round warm weather make it a prime destination for living, vacationing, or retirement. The shift to outdoor-centric living during the pandemic and tax benefits further fueled demand for homes with access to nature and open spaces. As did the job growth in technology and the financial sectors, as many companies have relocated here attracted by the favorable business climate. Overall, we are a highly desirable region for anyone seeking an ideal balance of work, leisure, and long-term investment." - Toni Schrager and Lauren Schrager, Brown Harris Stevens
When comparing luxury condos and single-family homes, the team emphasized the importance of lifestyle preferences, as well as how much responsibility or freedom you want in maintaining your property.
"Single-family homes typically offer greater square footage, outdoor space, and privacy. They are easier to customize and makes changes, are often more quiet, have fewer restrictions, and often appreciate more in value over time," they said. "Condos, on the other hand, are easier to maintain and offer more amenities, like gyms, pools community spaces, and security, and are usually located in more urban areas closer to entertainment and restaurants."
For sellers, Toni and Lauren emphasized the importance of pricing correctly, which can be easily achieved with an experienced Real Estate Agent. Similarly, buyers can benefit from the proprietary market data and negotiation skills that Agents offer.
