London Foster Realty at Dadeland
Liz Kenneally | Realtor

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Miami's real estate market has long been a focal point for investors, developers, and homebuyers alike. Known for its vibrant culture, beautiful beaches, and booming economy, Miami continues to attract attention from around the globe. However, like any market, it experiences fluctuations influenced by various factors. As we delve into 2024, let's take a closer look at the current status of real estate in Miami, exploring trends, challenges, and potential opportunities.

Trends

1. Rising Demand for Luxury Properties - Miami's reputation as a luxury real estate hub remains strong. High-net-worth individuals, both domestic and international, continue to invest in upscale properties, driving demand for luxury condominiums and waterfront estates.

2. Tech Sector Growth - Miami's emergence as a tech hub has bolstered the demand for commercial real estate, particularly office spaces and co-working facilities. With companies relocating to Miami and startups flourishing, the need for flexible and innovative workspaces is on the rise.

3. Sustainable Development-Environmental consciousness is shaping real estate trends in Miami. Developers are increasingly focusing on eco-friendly designs, incorporating features such as green roofs, energy-efficient systems, and sustainable materials to meet the demand for environmentally responsible living spaces.

Challenges

1. Supply Shortages - Despite robust demand, Miami faces challenges related to housing supply shortages. Limited inventory, coupled with high demand, has led to intensified competition among buyers, resulting in inflated prices and affordability concerns for many residents.

2. Climate Change and Resilience =  Miami's vulnerability to climate change, particularly sea-level rise and extreme weather events, presents significant challenges for the real estate sector. Investors and developers must consider resilience measures when planning and constructing properties to mitigate risks associated with climate-related hazards.

3. Affordability Crisis -  Affordability remains a pressing issue in Miami's real estate market. Rapid gentrification and escalating housing costs have contributed to housing insecurity for low and middle-income residents, exacerbating socioeconomic disparities and homelessness in the region.

Opportunities

1. Affordable Housing Initiatives -  Addressing affordability challenges presents an opportunity for policymakers, developers, and community organizations to collaborate on affordable housing initiatives. By incentivizing the development of affordable housing units and implementing inclusionary zoning policies, Miami can work towards ensuring equitable access to housing for all residents.

2. Investment in Resilient Infrastructure -  Investing in resilient infrastructure and coastal protection measures can enhance Miami's preparedness for climate change impacts, safeguarding real estate investments and bolstering community resilience. Public-private partnerships and innovative financing mechanisms can support the implementation of such initiatives.

3. Diversification of Housing Stock -  Diversifying the housing stock to include a mix of affordable, workforce, and market-rate housing options can address the diverse needs of Miami's population. Emphasizing transit-oriented development and mixed-use projects can create vibrant, inclusive communities while mitigating urban sprawl and transportation challenges.


Miami's real estate market continues to evolve amidst changing economic, social, and environmental dynamics. While the city offers lucrative opportunities for investors and developers, it also faces significant challenges, including affordability constraints and climate change risks. By embracing sustainability, fostering innovation, and prioritizing inclusivity, Miami can navigate these challenges and build a resilient and equitable real estate landscape for the future.

Copyright © 2024 Elizabeth Kenneally. All rights reserved.

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What my clients are saying  

Efficient, Effective, and Ethical! Working with Liz Kenneally was an absolute pleasure. Her efficient and effective approach to real estate made the entire process seamless and stress-free. From the moment we met Liz, we knew we were in good hands. She took the time to listen to our needs and preferences, ensuring that we found the perfect home in South Miami. Liz's commitment to ethical practices and transparency gave us peace of mind throughout the transaction. We highly recommend Liz to anyone looking for a trustworthy and reliable realtor in Miami.

 

~ Michael and Jennifer D.

I hired Liz Kenneally to lease out my apartment, and within just 1-2 weeks, she secured long-term tenants who have been a great to work with for the past three years. Her efficiency, professionalism, and warm demeanor made the entire process seamless. Liz understood my needs and executed flawlessly. I couldn't be happier with the outcome. I wholeheartedly recommend Liz!

 

~ Sofia I.

Finding office space for my company was made effortless thanks to Liz Kenneally's exceptional service. Referred to her by a trusted source, I quickly understood why she comes highly recommended. Liz guided us through every step with professionalism and expertise, ensuring we secured the perfect space to meet our needs. The office space exceeded my expectations, boasting a prime location, generous square footage, and excellent amenities. Liz's attention to detail facilitated a seamless transition into our new workspace. Her responsiveness and proactive communication made the leasing process a breeze. Working with Liz Kenneally was a pleasure, and I wholeheartedly recommend her to anyone in search of commercial real estate. Five stars all around!

 

~ Paul M.

Professionalism Personified! Liz Kenneally is the epitome of professionalism. Her attention to detail, proactive communication, and tireless work ethic set her apart from other realtors. Liz guided us through the process of buying our dream home in Coral Gables with ease and confidence. She was always one step ahead, anticipating our needs and addressing any issues promptly. Liz's commitment to excellence and integrity made us feel confident and reassured throughout the entire transaction. We cannot recommend Liz highly enough!

 

~ James and Amanda R.

Liz Kenneally proved to be an exceptional real estate agent. Her expertise in Dadeland area homes, our preferred locale, was truly impressive. Liz's dedication to understanding our needs, preferences, and budget constraints was evident throughout our interactions. She tirelessly worked to find us the perfect home, keeping us updated and promptly addressing all our questions. Liz made the entire process enjoyable, turning house hunting into an adventure. I enthusiastically endorse her to anyone in the market to buy or sell. Thank you, Liz, for your outstanding service!

 

~ Camila I.

5 Stars for Responsiveness, Negotiation skills, Professionalism and communication, Market expertise, Was on point at every turn, from offer to closing.

 

~ Jordi B

Liz went above and beyond to market our property effectively, attracting a flood of interested buyers. Her attention to detail and commitment to showcasing our home in the best possible light truly paid off. We couldn't believe it when offers started pouring in, and even more so when the final sale price exceeded our initial expectations! It was the highest sold price in the community! Liz was responsive, proactive, and always had our best interests at heart. Her negotiation skills were impeccable, ensuring that we got the best possible deal for our property.

 

~ Willy and Gloria P.

Liz was the listing agent for a Miami property I called on and made an appointment to see . That's how it all started.I wasn't working with any agent and I told Liz I didn't want to commit to anyone. She stated she understood, nevertheless, she was relentless in keeping in touch with me. Finally, in one of her phone calls, Liz asked me if she was working hard to get my business ? I said yes, of course. Then she stated, "Imagine, what I am capable of doing in finding and negotiating for you in a tough and competitive Miami market?". That clinched it !

 

~ Arile R.

I want to thank this wonderful Lady that stuck with me until I found just the right place. I am very satisfied and you will always have a friend here. Thank you for everything Liz, you're the best.

 

~ Manny

We trusted her strategy and ended up buying the property that we were initially turned down on. You can say Liz turned that No into a Yes for less money! She is relentless. Thank you, Liz, you are a hard worker, trustworthy, on top of your game and simply a pleasure to team up with you

 

~ Alex Y.

As a business man, one of the things that impressed me about Liz is is her negotiation skills, patience and cool under pressure. She looks for a win-win even though at times we were just being one sided. Liz reminded us it's a sellers' market with properties selling quickly at or little above asking price in the area we wanted to buy.Whatever we weren't familiar with, Liz simplified it so we felt comfortable and understood the transaction.

 

~ Vincent S.

"...One of her best qualities is her ability to stand back, listen to your needs, present you all the alternatives and let you make the original decisions. She is not assertive with her opinion but when she says you better listen because it will be in your own best interest..."

 

~ Ioannis L.

I had a great experience with Liz in the sale and purchase of my new home. She was always available to answer questions with great confidence and knowledge. I consider her a personal friend since we met, through the process of buying this home. Highly recommend her to anyone looking to sell or buy.

 

~ Maria D

Ms Liz Keneally was a angel sent. I was going through personal hardship. And having a hard time not only selling The property but with the result of impending foreclosure. Which at the time was a very difficult time in my life. And she came along. And got a contract within a week. And I have nothing but gratitude towards her and her team. That treated me and my children like family.

 

~ Xenia L.

Liz has been a wonderful real estate agent for us. She is an excellent communicator, and communicates in a very timely manner. Liz provided easy to understand comparisons when we had multiple offers for the property that we were selling. Liz makes sure that all the details are taken care of, and most importantly perseveres in resolving the many issues that arise in a real estate transaction. We have been extremely happy with the work that Liz has done for us. We would highly recommend her for anyone who is seeking to sell or buy property.

 

~ Gary N

As a first time home buyer, I was nervous and worried about being taken advantage of. Liz calmed my nerves and guided me through the process. She was easy to communicate with and took the time to educate me.There were times, we had to negotiate and Liz always made sure to keep the deal alive, while protecting my interests. I have only wonderful things to say about her and would work with her again.

 

~ Sarah S.

Liz was professional from the exploratory stages of home buying to its completion. As a first-time buyer, I was looking into foreclosures. I did not expect the unexpected to say the least. From negotiations to paperwork, I am truly grateful for Liz's knowledge and skills. She guided me through the process and stood by my side when delays arose and frustrations even larger. Her calmness and verbal prowess ultimately helped me secure my very first home! Thank you, Liz!

 

~ Hennifer M

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