Goldman Sachs: Miami Home Prices to INCREASE in 2023

The Miami residential market will not only avoid the pricing corrections expected in many U.S. cities in 2023, it will even see prices rise this year, according to a new report from Goldman Sachs. That means Merrick Manor is your last opportunity to purchase a move-in ready luxury condominium in Coral Gables before inventory runs out AND area prices start to increase.

Goldman Sachs projects Miami to have a 0.8% increase in residential prices this year, while cities like Austin, San Francisco, Phoenix, Denver, Seattle, Tampa and Las Vegas are expected to all see double-digit percentage price declines. The investment bank describes those markets as “overheated” because the price hikes during the pandemic housing boom do not match up with their long-term fundamentals.

Miami does not have the same disconnect given its enduring fundamentals, from being tax and business-friendly to climate and quality of life.

Merrick Manor is down to its final collection of available condos. Those who wait around could be on the sidelines for a while due to a dry development pipeline and anticipated price increases in the market.

Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor’s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor is just steps away from the world-class Shops at Merrick Park and has a Zillow Walk Score of 77, making it “very walkable.” The building is surrounded by three championship golf courses and is just 20 minutes from Miami Beach.

Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative for Merrick Manor.

For more information about the residences at Merrick Manor, visit the new Sales Gallery in Suite 117 on the ground floor of the building at 301 Altara Ave., Coral Gables, FL 33146 – or contact the Berkshire Hathaway HomeServices EWM Realty team by calling (305) 779-6870. The Sales Gallery is open from 10 a.m. to 6 p.m. on Monday through Friday.