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"...luxury property prices (are) expected to grow 10% in 2022 on the back of high-demand stemming from Florida’s low-tax environment, the city’s competitive prices and the enduring appeal of coastal living." (Article link below.) https://www.mansionglobal.com/articles/miamis-luxury-homes-will-gain-an-average-10-in-2022-forecast-says-01637605239?mod=top_markets_miami

#GiveMiamiDay https://www.givemiamiday.org/

This Master Brokers Forum member sold one of last week's ten most expensive Miami condos; a $1.7M unit in the Grand Venetian. (Article link below.) Congratulations! https://therealdeal.com/miami/2021/11/16/5m-closing-at-ritz-carlton-miami-beach-tops-miami-dade-weekly-condo-sales/

"This month’s reopening of U.S. borders to foreign visitors raises the prospect that the already sizzling Miami residential market, a popular destination for South American buyers, 𝙘𝙤𝙪𝙡𝙙🔥𝙗𝙪𝙧𝙣🔥𝙚𝙫𝙚𝙣🔥𝙝𝙤𝙩𝙩𝙚𝙧." https://www.wsj.com/articles/miami-condo-market-is-bullish-on-return-of-foreign-buyers-11637067600

MEMORY MONDAY: The Miami Master Brokers Forum 2017 Holiday Party, hosted by FirstBank.

🌴🔥 “Miami leads the index this quarter for the first time since the index started in 2007...The hunt for larger accommodation, coastal living and Florida’s low taxes acted as a key draw for a new breed of remote workers in the U.S.” https://www.mansionglobal.com/articles/miami-leads-the-worlds-major-cities-in-luxury-home-price-growth-01636544996?mod=top_markets_miami

🇺🇸 We salute those who served on this Veterans Day.

“We have had essentially an American market for the past five, six years. It has been red, white and blue all the way,” said (Master Brokers Forum member) Dora Puig, a top luxury broker in Miami Beach. “I just think we’re going to get a tsunami of foreigners coming to the market. I told my team, ‘brace yourselves.’” https://therealdeal.com/miami/2021/11/08/brace-yourselves-residential-agents-prepare-for-return-of-foreign-buyers

"On Monday, Nov. 8, travelers from 33 countries will see U.S. coronavirus travel restrictions lifted for fully vaccinated people — and the optimism and expectations in Miami’s tourism community are high." https://www.miamiherald.com/news/business/tourism-cruises/article255571251.html

"...the number...relocating to South Florida during the first six months of this year, compared with the same period in 2020, more than doubled from 7,000 to 19,000." https://www.nytimes.com/2021/11/04/realestate/florida-hallandale-beach-real-estate.html

"As the U.S. allows vaccinated foreigners to travel to the country this month, pent-up demand and a weaker U.S. dollar will likely boost more international sales in South Florida, especially in Miami...More than half of all international home sales in Florida during the last fiscal year were in Miami, Fort Lauderdale and West Palm Beach, according to the report." https://www.mansionglobal.com/articles/south-florida-remains-popular-with-international-buyers-despite-travel-bans-01635889879?mod=top_markets_miami

Master Brokers Forum board member Christopher Zoller explains how foreclosures, life cycle changes, developer buyouts, and smaller homes are loosening up local real estate inventory in this Miami Herald column. (Article link below.) https://www.miamiherald.com/news/business/article255379816.html

After months of being cooped up and quarantined, intrepid travelers and commuters are ready to hit the road. We discuss recent Miami transportation developments in this month's "South Florida by the Numbers"; a Master Brokers Forum partnership with The Real Deal. https://therealdeal.com/miami/2021/10/29/south-florida-by-the-numbers-brightline-to-restart-more/

"𝙏𝙝𝙚 𝙝𝙖𝙥𝙥𝙞𝙚𝙨𝙩 𝙘𝙞𝙩𝙮 𝙞𝙣 𝘼𝙢𝙚𝙧𝙞𝙘𝙖 𝙞𝙨 𝙈𝙞𝙖𝙢𝙞, with 70% of residents saying they feel happy most of the time. This is the second year in a row Miami has ranked first on the list (supporting happiness pre- and post-pandemic)." https://www.mindbodyonline.com/business/education/blog/top-10-happiest-cities-us-2021

These Master Brokers Forum members recently completed the sale of this $12.5M Ft. Lauderdale mansion, with Sandra representing the seller and Matt representing the buyer. (Article link below.) Congratulations! https://therealdeal.com/miami/2021/10/28/repo-king-scores-waterfront-fort-lauderdale-mansion/

MASTER BROKER LISTING: Master Brokers Forum member Alexandra C. Peters presents this unique Sunny Isles Beach home asking $11.5M. (In partnership with Profile miami.) https://profilemiamire.com/miamirealestate/2021/10/27/master-brokers-forum-listing-step-inside-villa-il-sogno-on-atlantic-isles-in-sunny-isles-beach

"In fact, the three fastest-growing regions for entrepreneurs are in Florida: Metro Orlando saw 46% year-over-year growth in new businesses, which was the best in the country. It was followed by Miami-Fort Lauderdale (No. 2), which saw 45% growth, and the greater Tampa Bay area (No. 3), at 43%, according to the report."https://www.bizjournals.com/southflorida/news/2021/10/25/miami-fort-lauderdale-entrepreneur-fastest-growing.html?cx_testId=40&cx_testVariant=cx_2&cx_artPos=4#cxrecs_s

🔥 Miami existing condo sales increased 45.2% from September 2020 to September 2021.
🔥 Year-to-date, Miami has registered 17,942 existing condo sales in nine months, which surpasses the previous annual record of 17,142.
🔥 Miami real estate has already recorded more total sales in nine months this year (29,962) vs. 2020 (26,345) and 2019 (27,436).
🔥 Of the top-10 best home sales months in Miami history, SEVEN have happened this year.

FLASHBACK FRIDAY! Exactly seven years ago today...Master Brokers Forum dinner and panel discussion hosted by The Surf Club - Four Seasons Hotel and Private Residences.

"The tri-county region has lured a slate of financial firms, particularly from the Northeast and California, over the past 18 months...Tax-friendly policies, warm weather and a thriving business community have brought both relocations and local office expansions by leading companies in investment, private equity and finance." https://www.bizjournals.com/southflorida/news/2021/10/20/financial-firms-flock-to-wall-street-of-the-south.html

MASTER BROKER LISTING: Master Brokers Forum member Bill Hernandez presents this spectacular, one-of-a-kind, full-floor Sunny Isles Beach penthouse. (In partnership with Profile miami.) https://profilemiamire.com/miamirealestate/2021/10/20/master-brokers-forum-listing-check-out-full-floor-sunny-isles-beach-penthouse-in-muse-asking-13499-million

"Residential real estate here is a seller’s market, repeatedly setting records for total sales, percentage of asking price and lowest inventory. More homes were sold in Miami in the first nine months of 2021 than in all of 2019 or 2020. June saw more sales than any month ever." (Yes, that's Master Brokers Forum member Laurie Finkelstein Reader Real Estate on the yard sign!) https://www.wsj.com/articles/come-to-miami-sunshine-low-taxes-normal-life-suarez-florida-11634309693

WATCH/ICYMI: Last month's Master Brokers Forum virtual panel discussion on "Lessons from Surfside: New Best Practices for Older Buildings" covered possible changes to Miami's current 40 year inspection/certification window; tactics for finding and downloading recertification reports, efforts to improve building transparency, the state of the Surfside condo market, answers and documents condo buyers/agents should secure before presenting offers, and ideas for reforming condo board structures and mandating repair reserve funds. https://youtu.be/VW2NtGTvWPg


THROWBACK THURSDAY: Coverage of the Gold Coast Master Brokers Forum's inaugural Holiday Celebration in 2005, hosted by the Las Olas River House.

♀️ 65% female
5️⃣5️⃣ is median age
💍 64% married
🇺🇸 76% born in the U.S.
🏠 79% sales agents/10% broker associates/11% brokers/1% appraisers

"Sales for condos in Miami-Dade County in the third quarter of 2021 were the highest in years, with 6,259 units sold. The priciest units — those over $1 million — also sold at a record pace, with 663 closing in the third quarter, a 228% increase from pre-COVID levels in 2019, data shows."https://www.sun-sentinel.com/real-estate/fl-bz-condo-market-surfside-aftermath-20211011-y4ijmbbrmja6ji7y6vgwqnfrmu-story.html

For answers to your vaccine questions, visit https://www.cdc.gov/coronavirus/2019-ncov/vaccines/vaccine-benefits.html

Visit https://www.masterbrokersforum.com/mbf-membership-application.htm

THROWBACK THURSDAY: When Residences By Armani / Casa Design Gallery hosted the Master Brokers Forum in November 2018, for a panel discussion featuring Coral Gables Mayor Raul Valdes-Fauli, Miami Mayor Francis Suarez, and Pipeline Workspaces co-founder Philippe Houdard.

"Florida attracted more foreign buyers than any other state for the 13th consecutive year...22% of all homes purchased by international buyers in the U.S. during that period were in Florida." https://www.mansionglobal.com/articles/international-buyers-are-trickling-back-to-miami-01633260965

📈In 2Q 2021, investors bought:
🔥 2,640 homes in Miami (⬆️91% compared with 2020)
🔥 2,163 homes in Fort Lauderdale (⬆️183%)
🔥 1,243 homes in West Palm Beach (⬆️ 53%)

For answers to your vaccine questions, visit https://www.cdc.gov/.../vaccines/vaccine-benefits.html

We reach for the stars — and their humble new abodes — in this month’s “South Florida by the Numbers”; a Master Brokers Forum partnership with The Real Deal. https://therealdeal.com/miami/2021/09/29/south-florida-by-the-numbers-stars-need-houses-too/

MASTER BROKER LISTING: Master Brokers Forum member Elena Bluntzer presents this sprawling, one-story Italianate home in Pinecrest. (In partnership with Profile miami.) https://profilemiamire.com/miamirealestate/2021/9/28/master-brokers-forum-listing-take-a-look-inside-a-north-pinecrest-italianate-home-asking-4488-million

"...Miami has overtaken Los Angeles as the second most expensive housing market in the U.S., according to the latest report from RealtyHop." (Article link below.) https://therealdeal.com/national/2021/09/28/miami-nips-at-ny-for-title-of-most-expensive-housing-market/

"In July, according to Redfin, Miami was the top migration destination for home buyers in the U.S., while San Francisco had the largest homeowner exodus." https://nymag.com/intelligencer/2021/09/how-miami-seduced-silicon-valley.html

"Home equity wealth is at a record level and will bolster economic activity in the coming year," said Dr. Frank Nothaft, chief economist for CoreLogic. "Higher wealth spurs additional consumer expenditures and also supports room additions and other investments in homes, adding to overall economic activity." https://www.worldpropertyjournal.com/real-estate-news/united-states/irvine/real-estate-news-corelogic-homeowner-equity-report-frank-martell-homeowner-equity-gains-in-2021-rising-equity-report-frank-martell-frank-nothaft-12738.php

For answers to your vaccine questions, visit https://www.cdc.gov/.../covi.../hcp/answering-questions.html.

Luxury sales of single-family homes, priced at $1 million and up, rose by 68.6 percent to 258 sales, and 🚀 𝗹𝘂𝘅𝘂𝗿𝘆 𝗰𝗼𝗻𝗱𝗼 𝘀𝗮𝗹𝗲𝘀 𝘀𝗸𝘆𝗿𝗼𝗰𝗸𝗲𝘁𝗲𝗱 𝟮𝟭𝟳.𝟭 𝗽𝗲𝗿𝗰𝗲𝗻𝘁 🚀 to 222 deals. (Article link below.) https://www.inman.com/2021/09/22/a-competitor-is-recruiting-me-should-i-jump-ship-to-another-brokerage/

MEMBERS ONLY: Join us TODAY for this important and timely discussion. All active Master Brokers Forum members have been emailed this invitation, please check your inbox for links and instructions.

"...the parallel of Microsoft has a very positive twist for Miami: while Microsoft will not bring a glitzy base for cutting-edge technology, it is a big boost for a corps of major corporations that base their Latin American and Caribbean operations in Miami-Dade – which is right where they belong..." https://www.miamitodaynews.com/2021/09/14/microsoft-landing-elevates-business-hub-of-latin-america/

Featuring insight from Master Brokers Forum member Anna Sherrill. https://www.mansionglobal.com/articles/boom-times-continue-in-miami-with-a-new-flock-of-developments-ready-to-launch-sales-228703

MEMBERS ONLY: Join us next week for this important and timely discussion. All active Master Brokers Forum members have been emailed this invitation, please check your inbox for RSVP instructions.

This Master Brokers Forum member recently sold this $6 million One Thousand Museum residence to reggaeton artist Nicky Jam. (Article link below.) Congratulations! https://therealdeal.com/miami/2021/09/14/reggaeton-artist-nicky-jam-picks-up-downtown-miami-condo/

Thank you to our friends at Coral Gables Trust Company and Belmont Village Senior Living for hosting yesterday's amazing Miami Master Brokers Forum board meeting at ZUCCA Miami!

💰=👑 "Cash buyers comprised 41% of all deals in June in Miami-Dade County, compared with 26% in the same month last year...In Broward County, cash buyers made up 48% of all transactions in June versus 27% in June 2020." (Article link below, with insight from Master Brokers Forum members Ivan Chorney and Ron Shuffield.) https://www.miamiherald.com/news/business/real-estate-news/article253906848.html

This Master Brokers Forum member recently sold Miami Heat superstar Jimmy Butler's Pinecrest mansion for $7.11M. (Article link below.) Congratulations! https://www.realtor.com/news/celebrity-real-estate/jimmy-butler-reportedly-sells-florida-mansion-for-7-11-m/

“The news that Microsoft is headed to Downtown Miami is rocket fuel for our City’s growth as a technology hub that’s capable of attracting the largest firms in the world,” said Manolo Reyes, City of Miami Commissioner and Chairman of the Miami Downtown Development Authority. “Microsoft’s office in the Brickell Financial District will be a magnet for other tech firms and the businesses that serve them, and that activity will have a direct impact on our Miami economy."https://www.miamiherald.com/news/business/article254071048.html

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