MBF BLOG

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402 Articles Found

This Master Brokers Forum member brokered both sides of this 11.1 million deal on Miami Beach's North Bay Road. (Article link below.) Awesome job!https://therealdeal.com/miami/2020/08/10/softbanks-marcelo-claure-pays-11m-for-north-bay-road-teardown/

Featuring insight from Master Brokers Forum members Elena Bluntzer and Ron Shuffield. https://www.miamiherald.com/news/business/real-estate-news/article244802252.html

🌎☀️🌴
"Florida was the top state for foreign buyers for the 12th year in a row, accounting for 22% of all the international purchases. Followed by California at 15%, Texas at 9%, New York at 5% and New Jersey at 4%."

https://miamiagentmagazine.com/2020/08/06/florida-no-1-foreign-homebuying-12th-straight-year/

Why are Middle East real estate buyers investing in South Florida?
📈 Stable economic growth
✈️ Easy connectivity
🎉 Vibrant lifestyle

https://gulfnews.com/business/property/why-are-middle-east-real-estate-buyers-investing-in-south-florida-1.1596529574962

These Master Brokers Forum members represented the seller and buyer (respectively) on this $22 million penthouse at 321 Ocean. (Article link below.) Congratulations! https://therealdeal.com/miami/2020/07/31/billionaire-hedge-funder-sells-south-beach-ph-at-a-loss/

🍎➡️🌴
“What was the three-to-five year plan is now the three-to-five month plan...If everything shuts down again, do you want to be stuck in an apartment in New York, or do you want to be stuck in a home in Florida?”

FROM THE 🍎 TO 🌴: This edition of "South Florida by the Numbers" (a Master Brokers Forum partnership with The Real Deal) explores the spiking trend of New Yorkers relocating to Miami in 2020. https://therealdeal.com/miami/2020/07/30/south-florida-by-the-numbers-from-the-big-apple-to-the-magic-city/

"...MIAMI IS STILL A BARGAIN COMPARED TO OTHER GLOBAL CITIES. Here, $1 million can net homebuyers 93 square meters of prime property...That same price will get homebuyers 36 square meters in Los Angeles, 31 square meters in New York, 22 square meters in Hong Kong and a mere 16 square meters in Monaco."

These Miami Master Brokers Forum members recently brokered the sale of a Venetian Islands home for $8.4 million. (Article link below.) Amazing job!!https://therealdeal.com/miami/2020/07/23/chapman-ducote-sells-venetian-islands-home-for-8m/

Master Brokers Forum members Michael Martinez and Seth Feuer (along with partners, representing the sellers and buyers respectively) get the deal done for a $22M Gables Estates mansion. (Article link below.) Yet ANOTHER New York relocation to Miami...great job Master Brokers! https://therealdeal.com/miami/2020/07/23/private-equity-exec-fashion-designer-pay-22m-for-gables-estates-mansion/

Miami-Dade saw a 33.8% uptick in single-family homes under contract, from 1,205 in June 2019 to 1,820 in June 2020. The county also saw a 12.9% increase for condos, from 1,310 to 1,504. Pending sales in Broward grew by 21.2% for single-family homes — from 1,651 to 2,095 — and 1.6% for condos — from 1,681 to 1,708. (Featuring insight from Master Brokers Forum member Nancy Klock Corey.) https://www.miamiherald.com/news/business/real-estate-news/article244416272.html

"Low interest rates and sparse inventory are leading to a highly competitive market for buyers...the report also found that the U.S. housing market is returning to pre-COVID-19 levels..." https://miamiagentmagazine.com/2020/07/21/realtor-com-miami-housing-recovery-continues/

This Master Brokers Forum member sold one of the most expensive condos in Miami last week, a $1.3M residence at the Coconut Grove Bayshore - after only 11 days. (Article link below.) Amazing job! https://therealdeal.com/miami/2020/07/20/miami-condo-sales-steady-as-covid-cases-surge/

In today's Miami Herald, Master Brokers Forum board member Pat Klock Parker explains how Miami real estate has surged in 2020 - despite enormous challenges. https://www.miamiherald.com/news/business/biz-columns-blogs/article244263757.html

In this South Florida Business Journal article (subscription-required link below), Master Brokers Forum board members Jeff Morr, Karen Matluck, Ivory Cooks, and Tere Shelton Bernace discuss how COVID-19 has impacted Miami real estate demand, prices, inventory, rentals - and marketing. https://www.bizjournals.com/southflorida/news/2020/07/15/3-things-to-know-about-miami-dade-residential-mark.html

“They are showing up in droves,” said Master Brokers Forum board member Christopher Zoller. “They are fleeing high density, high-rise locations. They are learning to work from home, or they can work from common spaces.” https://miamiagentmagazine.com/2020/07/13/post-lockdown-migration-driving-miamis-rental-market/

These Master Brokers Forum members were involved in two of last week's ten most expensive Miami condo sales - congratulations! https://therealdeal.com/miami/2020/07/13/condos-selling-in-miami-dade-amid-soaring-coronavirus-cases/

MIAMI RANKS AMONG THE TOP 10 U.S. CITIES WITH THE HIGHEST RESIDENTIAL REAL ESTATE VALUE. The Magic City ranked as the city with the No. 7 most valuable residential real estate, the highest ranking in Florida. Miami has a $774 billion in total residential real estate value with a median value of $297,000. https://www.bizjournals.com/southflorida/news/2020/07/08/miamis-residential-real-estate-values.html

These Master Brokers Forum board members had two of the top ten most expensive condominium sales in Miami last week. (Article link below.) Amazing job! https://therealdeal.com/miami/2020/07/07/miami-condo-sales-bounce-back/

🏠💲📈
The taxable value for 2020 is up by over $15 billion from 2019. https://miamiagentmagazine.com/2020/07/07/miami-dade-county-taxable-values-show-increase-values/

“In Miami, we’ve seen an uptick not only from markets like Chicago and New York, but also from Europe and South America...” https://www.mansionglobal.com/articles/major-cities-may-still-want-to-look-to-international-buyers-217234

"The increase could be due to pent-up demand following the lifting of shelter-in-place orders and the fact that in-person showings have resumed, industry experts say. Brokers are also touting an increase in buyers from dense and high-tax markets in the Northeast."https://therealdeal.com/miami/2020/07/02/signed-south-florida-resi-contracts-soar-in-june/

This Master Brokers Forum member brought the buyer for last week's second-most expensive condo sale in Miami last week; a $1.9 million residence at the Ritz-Carlton Residences, Sunny Isles Beach. Amazing job! https://therealdeal.com/miami/2020/06/30/miami-condo-sales-flatten-at-the-end-of-june/

Fair housing is a pillar of the real estate profession. We highlight recent fair housing issues locally and throughout the state in this edition of “South Florida By The Numbers”; a Master Brokers Forum partnership with The Real Deal South Florida. https://therealdeal.com/miami/2020/06/29/south-florida-by-the-numbers-focus-on-fair-housing/

These Gold Coast Master Brokers Forum members just sold a $5.4M Ft. Lauderdale home to Pittsburgh Steeler (and former Florida Gator) Maurkice Pouncey. Congratulations! https://www.bizjournals.com/southflorida/news/2020/06/26/nfl-star-buys-fort-lauderdale-mansion.html

To support this recovering real estate agent, visit her GoFundMe page, and CLICK HERE to see Inman article.

⬆️⬆️⬆️ Miami’s housing market Recovery Index score increased...placing it within the top 20 cities in its recovery of those measured. https://miamiagentmagazine.com/2020/06/22/miami-real-estate-recovery-headed-right-direction/

"The Miami-Dade real estate market is already experiencing a remarkable recovery as evidenced by surging pending sales since mid-April despite the COVID-19 impact on May sales," MIAMI Chairman of the Board Jorge L. Guerra Jr. said. "Historically low mortgage rates, virtual tools and services, reopenings and pent-up demand have many buyers continuing their home buying process, which is generating very strong market activity."

In today's Miami Herald, Master Brokers Forum member Hazel Goldman asserts that "shelter in place" policies have given Miami suburbanites a taste of the commute-free life, and real estate trends will follow. (Article link below.)https://www.miamiherald.com/news/business/real-estate-news/article243648357.html?

"By contrast, southern Florida saw a strong surge in May, especially for stand-alone homes. Contracts for single-family homes priced at $1 million or more surged 45% in Miami-Dade County compared with a year ago..." https://www.cnbc.com/2020/06/18/manhattan-apartment-contracts-fall-over-80percent-in-may-florida-surges.html

These Master Brokers Forum members were involved in four out of last week's five biggest Miami home sales...congratulations! (Article link below.) https://www.miamiherald.com/news/business/real-estate-news/article243574537.html

E-commerce giant Amazon will open its first South Florida 4-star store on Miami Beach’s internationally famous Lincoln Road as part of a plan to open 10 U.S. stores this year stocked with top-rated products. https://www.globest.com/2020/06/11/miami-beachs-lincoln-road-to-get-amazon-store-for-top-rated-products-296-218871/

🏠 Important guidelines for practicing responsible, nondiscriminatory real estate advertising, in compliance with the Fair Housing Act. 🏠 https://nationalfairhousing.org/responsibleadvertising/

..., featuring insight from Maria Alonso, United Way of Miami-Dade; Sari Vatske, Feeding South Florida; and Master Broker Andres Asion, Miami Real Estate Group. We encourage everyone to support these great organizations, and to find their own unique ways to give. https://www.youtube.com/watch?v=lsbppwfliCA&feature=youtu.be

211 is 24/7 source for a wide range of health and human services resources - a partnership between Jewish Community Services of South Florida (JCS), The Children's Trust, United Way of Miami-Dade, Greater Miami Jewish Federation, and Claims Conference (Conference on Jewish Material Claims Against Germany). Please share with anyone who needs help.

During this challenging time, Miami-Dade County's 311 Contact Center provides a fast, simple and convenient way to get information on local government services - including access to FREE food for residents age 60-plus. Please share with anyone you know who needs help.

This Master Brokers Forum member brokered both sides of last week's most expensive condo sale in Miami; a $13.5M transaction at Palazzo del Sol on Fisher Island. (Article link below.) Great job! https://therealdeal.com/miami/2020/06/09/condo-sales-volume-surges-in-first-week-of-june/

Master Brokers:

When the year began, we did not know the names George Floyd, Ahmaud Arbery, or Breonna Taylor. Today, the pain of their tragic and unnecessary deaths demands that we collectively face the issue of police violence - and the systemic racism that is its foundation. This is a real problem that impacts our families, communities, and businesses, and we stand with the thousands of peaceful protestors insisting on changes to the standards and practices of community policing.

At the same time, we stand with the vast majority of good and committed police officers who protect us every day, reject the brutality of their colleagues, and continue to do extremely challenging work under difficult conditions.

Our business is homes – for everyone. As such, we are grateful for the guiding principles set forth by the National Association of Realtors (NAR) Code of Ethics, which clearly spells out how race, color, religion, sex, handicap, familial status, national origin, sexual orientation, nor gender identity can have any bearing on our decisions to cooperate with other brokers, or to offer/deny equal professional services to customers. The Code also forbids discrimination or preference in any plan/agreement, employment practices, and the printing, displaying or circulation of any statement or advertisement with respect to selling or renting of a property. We also join NAR in our commitment to Fair Housing and the Diversity which strengthens our communities.

As residential real estate professionals, we must adhere to these principles. As Master Brokers, we should aspire to go beyond them. We should volunteer for causes beyond our immediate interests. We should educate ourselves about the hopes, challenges, and histories of our neighbors.

As leaders of the MBF, we commit to offering programs and information that will enlighten our members on these issues, recruiting a more diverse pool of applicants who meet our membership guidelines, and speaking out on these matters when necessary.

Sincerely,

Jeff Morr
Chair
Miami Master Brokers Forum

Carolyn Block Ellert
Chair
Gold Coast Master Brokers Forum

"The top destination that New York City residents were showing moving interest in was MIAMI, while Tampa and Orlando also made the top 10..." https://www.foxbusiness.com/features/coronavirus-insane-exodus-nyc

🏢One Thousand Museum: $75 million in the past 90 days
🏢Armani/Casa: 2 new contracts totaling $5.8 million
🏢Aston Martin Residences: recently closed on 4 units totaling $8.75 million
🏢Brickell Flatiron: $31.62 million in sales since March
(with insight from Master Brokers Forum member Ron Shuffield)

A list of national housing-focused organizations you may consider supporting during these challenging times.https://www.inman.com/2020/06/01/the-power-of-community-at-work/

Master Brokers Forum member Yolande Citro presents the least expensive waterfront property on exclusive, gated Hibiscus Island; one of the last waterfront homes or sites available at close to land value. Includes private dock for boat and jet ski lifts, with direct access to the Intracoastal waterway and the ocean. https://www.masterbrokersforum.com/Miami-Beach-mls-listing/A10836537.htm

These Master Brokers Forum members brought the buyers for last week's #2 and #3 biggest residential sales in Miami. (Article link below.) Awesome work! https://www.miamiherald.com/news/business/real-estate-news/article243211406.html?

Your donation will make a difference in the lives of South Florida families who are struggiling during this difficult time. On behalf of our partners at United Way and Presidente Supermarkets, we thank you for your generosity!

Master Brokers Forum

"I believe there is room to be optimistic in the long-term about South Florida’s economy, given our area’s attractiveness to residents from other states and foreign individuals." https://www.globest.com/2020/06/01/there-is-only-one-miami-beach-the-next-generation-of-s-fla-residents-investors-296-218195/

The Brickell Flatiron sales follow other recent closings at high-profile Miami projects, including One Thousand Museum, Aston Martin Residences and Missoni Baia. #MBFmiami #MasterBrokers #Miami #RealEstate #MiamiRealEstate #Luxury #Lifestyle #Realtors https://www.miamiherald.com/news/business/real-estate-news/article242999131.html

“I don’t believe people are going to define their life by this pandemic," notes Miami Master Brokers Forum board member Alicia Cervera Lamadrid in this Miami Herald article. https://www.miamiherald.com/news/business/real-estate-news/article243037176.html

This Master Brokers Forum member brought the buyer for last week's biggest residential sale in Miami; a $3.25 million home in Stonegate. Congratulations! https://www.miamiherald.com/news/business/real-estate-news/article242994586.html?

The decline will be temporary, predicted Carolyn Block Ellert, chair of the Gold Coast Master Brokers Forum. “The next month we will likely see opportunity buyers looking for a good deal, then by July we’ll probably see more buyers from the northeast, which would normally be an off-season for us in terms of sales.” She expects domestic buyers from New York, Pennsylvania, New Jersey and Connecticut to continue to flow south. (With additional insight from MBF member Nancy Klock Corey.) https://www.miamiherald.com/news/business/real-estate-news/article242950451.html

Today we salute the ultimate social distancing pastime - Happy National Solitaire Day on May 22! https://nationaldaycalendar.com/national-solitaire-day-may-22/

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402 Articles Found