“From a real estate perspective, the big story in 2020 was the housing market’s ability to weather the COVID-19 pandemic and lead the nation into a period of economic recovery,” O’Connor says. “Yet at the same time, the rapid pace of sales we’ve seen in recent months has reduced Florida’s inventory of homes for sale to its lowest level in years. …we will take a detailed look at trends in new home construction, which is the only means we have of getting out of this housing shortage situation in the long run.”
Americans are relocating to the Sunshine State, with favorable weather and low taxes. And, Latin American immigrants choose to live in Florida more than any other American State.
Mashvisor’s 3rd Quarter 2020 Florida Real Estate Market Statistics:
Median Property Price: $487,033
Price per Square Foot: $281
Price to Rent Ratio: 22
Traditional Rental Income: $1,883
Traditional Cash on Cash Return: 2.6%
Airbnb Daily Rate: $187
Airbnb Rental Income: $2,359
Airbnb Cash on Cash Return: 2.2%
Airbnb Occupancy Rate: 54%
One property investment strategy for Florida Real Estate is to buy from what is possible, then rent out.
BAI Capital has just a few luxury condo units available in North Miami, built and ready to rent. Highland Place offers great location and amenities at an affordable price, an ideal turn-key investment for Americans or foreigners.
And, BAI Capital is offering for a limited time pre-built prices on the next development project located in the University town of Gainesville Florida. Archer Place will offer both condos for sale as well as investment as preferred shareholders in the accompanying apartment build. Both buildings are geared towards UF students and medical professionals.