Community Redevelopment Inc. (CRDV)

[ProfitScout]

The CRDV expansion into the Miami-Dade County area looks to be very promising for the company's real estate development business. This is a thriving area that is in great need of additional development to support the population and retail industry growth talking place.

Note from the news:

According to the Miami Association of Realtors and the Multiple Listing Service system, Miami-Dade County real estate posted its best July sales month in history as pent-up demand, more U.S. individuals and companies moving to South Florida, and record-low mortgage rates fueled record breaking transactions. Miami-Dade County total home sales surged 57.7% year-over-year in July 2021, from 2,303 sales to 3,632. Miami single-family home transactions rose 15%, from 1,194 to 1,373. Miami existing condo sales increased 103.7%, from 1,109 to 2,259. A new report from Realtor.com says the Miami-Fort Lauderdale-West Palm Beach area is the third fastest-growing rental market in the country among metro areas. The average rent in August was $2,432, up 27% from the same time last year. Currently, lack of inventory seems to be the only negative attribute to the South Florida real estate market.