Miami Real Estate Continues to Surge

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Palmcorp Development Group's semi-custom homes are bringing the luxury real estate market to new heights.

It is refreshing to see a company like Palmcorp stepping up and offering its luxury semi-custom product in these neighborhoods.

Palmcorp Development Group (PDG) anticipates that 2014 will be their most productive and successful year so far. PDG has taken its unique semi-custom business model into the luxury home market by securing 40 new properties that will be available for prospective homebuyers. “The demand for our semi-custom home product is increasing and shows no signs of leveling off,” says Carlos Tosca, managing member of PDG.

“A buyer’s ability to customize just about anything in their home and not have to deal with construction loans, contractors, or any of the headaches that go along with building your own home, is the driving force behind the demand for this type of home purchase,” says luxury real estate broker Agustin Cantens. Additionally, the million-dollar market in Miami is moving faster than ever. On average, 158 “million-dollar” residences sell per month in Miami-Dade County, with half being single family homes and half being condominiums (reported from MLS Data by Realtor Agustin Cantens).

“In a real estate market like Miami’s, a million dollars does not buy you much in terms of homes in the hotter zip codes. It is refreshing to see a company like Palmcorp stepping up and offering its luxury semi-custom product in these neighborhoods,” says Cantens. Their properties start at just below $1M and run as high as $4M, so there is a wide range of available properties for any buyer looking to buy something in the premier areas of Miami.

Miami is an international mecca and has quickly become the United States’ new melting pot. Florida is set to pass New York this year in population, moving it to the number three spot in the nation (article in The Columbus Dispatch, Jan 7, 2014). Over 14,000 people move to Florida each day with at least 500 moving to Miami. Given that the influx of people moving to Miami is driving the demand for homes, the outlook seems very good for Miami real estate.

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Agustin J. Cantens
since: 08/2009
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Palmcorp Development Group
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