Almost since its foundation, the Capital of the Sun has had a cosmopolitan character, thanks to the different waves of immigration: from the north of the continent, Europeans, Cubans, Mexicans, Colombians, Argentines, Peruvians, Venezuelans, etc. The architectural style of the city is also evidence of the influence it has had. In general, the sectors differ greatly from each other. The atmosphere of Coral Gables is very different from that of Little Havana or Brickell and their atmosphere is nothing like the Art Deco district, and that is also reflected in other aspects such as the value of the city. square meter in Miami and the price per square foot of construction in Miami.
Given the situation of uncertainty derived from the crisis caused by the pandemic, it is important to know how to invest. It is not enough to save: if you keep your money under your mattress it will lose value thanks to inflation, in many Latin American countries negative interest is already charged on some banking products and devaluation has been a constant in the region since 2019 partly due to social unrest and partly due to the pandemic.
So what to invest in? There are many options of apartments for sale in Miami and houses for sale Miami to invest in and, depending on the country, there are mutual funds, mutual funds, voluntary pension funds, investment packages, stocks in the stock market, or simply buying dollars so that you can achieve real estate purchases.
Metro cuadrado en Miami: ¿qué tener en cuenta?
Surprisingly for many, buying a property for investment in the United States is not impossible. But as in any real estate investment, location is key. Buying in a place too cheap is risky because in case of a recession, they are the first places to lose value and in a very expensive place, it is difficult for the price to increase over time. It is important to know the behavior of the sectors in the last five years to make a projection of future behavior.
As for cities, there are many differences. The national average ranges from $250,000 to $300,000 for a three-bedroom house. In cities like Los Angeles that house would cost USD 850,000 but in Miami you could get it at USD 410,000 and the square foot on average at USD 337. Since the Cuban revolution, Florida has been one of the favorite destinations for Latinos when it comes to immigrating to the United States. Not the only one, but the most common.
Referencias de precios por barrio y sector
So, how much is a square meter worth in Miami? Again, and as always in the real estate business, it depends on the location. It is not the same to be in the center of the city as it is on the periphery or to have a property on the beach than one in a more secluded sector of the city. All of these factors influence when asking how much land is worth in Miami, the price of a house in Miami, or how much it costs to do an efficiency in Miami.
Below are the neighborhoods of the city with information on the price of properties with information of realtor.com.
| Neighborhood/Sector | Average sale | Price square foot | Rank |
| Allapattah | USD 306,000 | USD 291 | USD 200,000-7,500,000 |
| Adventure | USD 369,500 | USD 344 | USD 150,000-19,900,000 |
| Bal Harbour | USD 1,500,000 | USD 889 | USD 230,000-50,000,000 |
| Bay Harbor | USD 503,500 | USD 469 | USD 189,900-28,000,000 |
| Bay Point | USD 580,000 | USD 592 | USD 280,000-15,500,000 |
| Brickell | USD 495,000 | USD 591 | USD 300,000-39,500,000 |
| Coconut Grove | USD 1,100,000 | USD 703 | USD 185,000-36,800,000 |
| Coral Gables | USD 1,300,000 | USD 570 | USD 350,000-54,900,000 |
| Coral Way | USD 558,000 | USD 431 | USD 150,000-13,000,000 |
| Design District | USD 1,750,000 | USD 966 | USD 505,000-7,000,000 |
| Downtown | USD 455,000 | USD 563 | USD 143,300-50,000,000 |
| Fisher Islands | USD 8,500,000 | USD 2,000 | USD 799,000-17,500,000 |
| Flagami | USD 420,000 | USD 329 | USD 138,000-1,800,000 |
| Fort Lauderdale | USD 440,000 | USD 361 | USD 80,000-40,000,000 |
| Hollywood Beach | USD 420,500 | USD 308 | USD 30,000-17,000,000 |
| Jewelry District | USD 210,000 | USD 280 | USD 155,000-1,000,000 |
| Key Biscayne | USD 1,100,000 | USD 909 | USD 365,000-17,500,000 |
| Liberty City | USD 268,000 | USD 258 | USD 80,000-349,000 |
| Little Haiti | USD 341,000 | USD 311 | USD 65,000-1,500,000 |
| Little Havana | USD 325,000 | USD 289 | USD 140,000-5,100,000 |
| Model City | USD 320,000 | USD 286 | USD 55,000-995,000 |
| Morningside | USD 1,300,000 | USD 559 | USD 225,000-13,000,000 |
| Overtown | USD 430,000 | USD 335 | USD 124,900-5,000,000 |
| South Beach | USD 995,000 | USD 453 | USD 247,900-10,000,000 |
| Sunny Isles Beach | USD 770,000 | USD 606 | USD 350,000-36,000,000 |
| Surfside | USD 972,500 | USD 581 | USD 259,000-33,000,000 |
| Upper Eastside | USD 485,000 | USD 468 | USD 230,000-19,500,000 |
| Waters Edge Estates | USD 438,000 | USD 439 | USD 250,000-8,000,000 |
| Wynwood | USD 440,000 | USD 578 | USD 301,400-4,300,000 |
As you can see, there is a wide variety of apartments for sale in Miami and houses for sale in Miami for all tastes and budgets related to construction in Miami. You only have to choose and get advice from an excellent real estate agent.
At PFS Realty Group, given our real estate activity, we are focused on advising those individuals and families who are interested in making investments of this type in Miami, Orlando and South Florida, we have been working for more than twenty-two (22) years, which give us a specialty in what we do. If you want to explore real estate investment opportunities, we can schedule a meeting, face-to-face or virtual, to expand this information.