Key Biscayne ranked in the top 20 beach town housing market in the U.S. in a report released by RealtyTrac (see list below). The company selected the top 100 best beach towns based on four criteria: average temperature, percent of sunny days, percent of days with good air quality, and crime rates. The top 100 towns based on these criteria were then sorted by median value of single family homes and condos, from lowest to highest. The top 20 markets all had median home values below $1 million.
“Buying near the beach is one of the best ways to ensure a property will appreciate in value,” said Daren Blomquist, vice president at RealtyTrac. “Whether buying for retirement, a vacation home or a primary residence, homes located in quality beach towns benefit from virtually unlimited demand and a finite supply of land to build on.”
“Buying near the beach is one of the best ways to ensure a property will appreciate in value,” said Daren Blomquist, vice president at RealtyTrac. “Whether buying for retirement, a vacation home or a primary residence, homes located in quality beach towns benefit from virtually unlimited demand and a finite supply of land to build on.”
