Millennials love South Florida, and especially Miami. And what not to love? There is an amazingly nice weather and sun for most of the year. There is sandy beach that you can enjoy all year round. There are various festivals, art galleries and music venues to keep everyone busy.
Actually, there was a research done by realtor.com economic data team when they “analyzed the 60 largest U.S. cities and how much millennials were checking out listings in those areas, compared with the national average, from August 2016 to February 2017”.
According to this article, top 10 cities where millennials would like to move are:
- Salt Lake City, UT.
- Miami, FL.
- Orlando, FL.
- Seattle, WA.
- Houston, TX.
- Los Angeles, CA.
- Buffalo, NY.
- Albany, NY.
- San Francisco, CA.
- San Jose, CA.
As you can see, we have two towns in state of Florida that are very popular by millennials. Among all the top 60 cities in the United States, Miami is No.2 top spot and Orlando is No.3, where millennials would like move.
If you are interested in buying a property in Miami, lets see what is available right now in residential real estate:
There are total of 8181 properties for sale in Miami. And there are more then double amount of condos available , than a single family houses:
There are total of total of 8181 properties for sale, of which 2571 are houses and 5610 are condos. This makes a single family house a 31%, and condo a 69%.
The data used to make the chart from the Greater Fort Lauderdale MLS which has data that is deemed reliable but not guaranteed and has the most accurate and up-to-date information about local home sales.
If you want more information about local market, please look into Local Market Conditions and Home Prices category.