Homes in the Miami area continue to gain value despite the opposite occurring around the U.S., a new report shows. That should give comfort to any buyers on the fence about taking advantage of Coral Gables luxury building Merrick Manor’s flexible one-bedroom condominium packages. Only a few such packages remain available!
The report from Islander News cites Redfin data in which the total value of homes in Miami jumped 19.7% – or $77 billion – year-over-year to $468.5 billion in December 2022. Meanwhile, homeowners across the nation collectively lost $2.3 trillion in value from their property investments from June to December – the steepest percentage decline since the 2008 crash.
Berkshire Hathaway HomeServices EWM Realty President and CEO Ron Shuffield told the publication that 2023 should be a similar story, noting the recent Goldman Sachs projection that Miami will not only avoid the pricing corrections expected in many U.S. cities this year, it will even see prices rise.
“They expect our values to [increase] the highest in the country,” Shuffield said. “It’s a very good sign. Some of the top economists are out there looking at us.”
Such projections make Merrick Manor’s limited collection of one-unit bulk packages even more enticing, as the packages provide an unbeatable combination of ongoing income and long-term value appreciation.
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.