Miami real estate market breaks records despite COVID
Months of stay-at-home orders, growing numbers of infections and deaths, working remotely while the kids are attending school in the next room, stop-and-start business closures, and no end in sight to the COVID-19 pandemic have all had an unexpected — and seismic — impact on Miami-Dade’s real estate market. It’s just not what you probably think it is.
“As the weeks ticked by, we were all getting stir crazy and our tempers were running thin, especially all of us glued together in a tiny apartment,” said Maria Ester Mercader, who lives with her husband and their three sons in a two-bedroom condo with no balcony in Key Biscayne.
Mercader had been thinking about buying a home for a couple of years, but COVID finally tipped the couple off the fence. “We felt really sad for our three boys who were now begging for a ‘big house’ with a ‘big patio,’”