MBF BLOG

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"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/

"...some states are beginning to see substantial week-over-week gains on housing purchase applications and others are already experiencing increases over 2019." https://miamiagentmagazine.com/2020/05/20/purchase-applications-13-florida/

To minimize health risks, Florida Realtors recommends a cautious, measured approach for re-opening real estate offices. https://www.floridarealtors.org/news-media/news-articles/2020/05/what-brokers-need-know-about-reopening-during-coronavirus-covid-19

This Master Brokers Forum member had the second-biggest residential sale in Miami last week, a $3.8 million home in Coconut Grove. (Article link below.) Nice job! https://www.miamiherald.com/news/business/real-estate-news/article242819011.html?

The pandemic has affected everyone's livelihood differently, and we realize that some agents and brokers may be struggling. Here is some useful information from Florida Realtors, including assistance programs specifically for independent contractors and the self-employed. https://www.floridarealtors.org/news-media/news-articles/2020/04/realtors-filing-unemployment-benefits-what-we-know-right-now

Miami's residential real estate market has responded well to the complex challenges presented by the pandemic. We explore those bright spots in this month's "South Florida By The Numbers", a Master Brokers Forum partnership with The Real Deal South Florida.https://therealdeal.com/miami/2020/05/18/south-florida-by-the-numbers-bright-spots-in-a-challenging-market/

This Master Brokers Forum member recently brought the buyer for an $11 million penthouse at Miami's iconic One Thousand Museum. Great job! https://www.miamiherald.com/news/business/real-estate-news/article242776001.html

MASTER BROKER VOICES: During this unusual time, Karen Schmutter Matluck shares a message of gratitude with all her fellow Master Brokers Forum members. https://youtu.be/2cs0mVDKoqo

Read the story behind Iliana Abella's now-famous Zoom background during a recent Master Brokers Forum board meeting in this The Real Deal article.https://therealdeal.com/miami/2020/05/15/real-estate-players-get-creative-on-zoom-during-lockdown/

MASTER BROKER LISTING: Master Brokers Forum board member Iliana Abella of The Abella Group at Compass presents this completely remodeled 4 bed/3.5 bath waterfront apartment at The Brickell Bay Club. With over 4,000 sq. ft., this beautiful unit's features include marble floors throughout, high ceilings, formal dining room, and eat-in kitchen, offering beautiful views of Biscayne Bay. https://www.masterbrokersforum.com/Miami-mls-listing/A10846512.htm

"Industry experts predict the trend will have staying power even after the crisis, now that more agents and buyers have embraced the technology required to conduct sales virtually." https://www.mansionglobal.com/articles/coronavirus-has-some-buyers-purchasing-homes-without-setting-foot-inside-them-139227?fbclid=IwAR2jW-N0E63Ks-gamtABAZmAc605ZMnPoNaGIg5hA7bGXPGaNIthdOp3f5k

MASTER BROKER VOICES: While demonstrating textbook social distancing in their Bal Harbour listing, Master Brokers Forum members Stephan Burke and Carol Cassis of the Cassis Burke Collection explain how they have used technology to close deals and stay in touch with clients! https://youtu.be/_gKLU_YT6rQ

Great news from the Master Brokers Forum's 2018 Holiday Party sponsor, Aston Martin Residence Miami! (For a recap of that fantastic event, visit https://bit.ly/3cyz6cv.) https://www.miamiherald.com/news/business/real-estate-news/article242717681.html?

"Some realtors are seeing pandemic fueled demand, a big increase in New Yorkers and people from other large cities moving to south Florida due to Covid-19...many northerners fleeing the coronavirus have set up shop in south Florida and some say they never want to leave." https://www.wpbf.com/article/south-florida-realtors-seeing-influx-of-buyers-from-nyc-other-large-cities-amid-covid-19/32393637

AMAZING news from Master Brokers Forum member Jo-Ann Forster! (Based on MLS data.)
🌴New sale contracts across all price ranges UP 9%
🌴Third straight week of increased sales contracts
🌴New contracts between $500K and $1 million UP 33%
🌴New contracts above $1 million UP 64%
🌴Cancelled contracts DOWN to the lowest level since start of quarantine

https://miamiagentmagazine.com/2020/05/11/new-report-shows-miami-market-bouncing-back-coronavirus-impact/

Great ideas for lending a helping hand, sharing relevant information, and getting creative in your outreach during these unusual times.

SO MUCH GOOD to report from last week’s Gold Coast Master Brokers Forum “donation caravan” for The Pantry of Broward! Members contributed more than 375 lbs. of food and several generous direct gifts via The Pantry’s web site.

BUT THAT’S NOT ALL! This program inspired new Ft. Lauderdale homeowners John and Rhonda O'Donnell (seen here, clients of member Vicci Read) to make an unsolicited, surprise donation of $5,000.00 to the Pantry. We thank them and EVERYONE who participated for supporting local grandparents who are raising their grandchildren on fixed incomes - during this especially difficult time!

Master Brokers Forum board member Karen Schmutter Matluck presents this unique and beautifully maintained 3 bedroom/4 bathroom residence in Aventura's Porto Vita condominium. Enjoy the 3-D experience! https://my.matterport.com/show/?m=9woU7kmKQfA&agent_id=5b284bb7f47f737eda9d88d8

This Master Brokers Forum member and her partner represented the seller of the $9.2 million Ponce-Davis home mentioned in the article below. Great job! https://therealdeal.com/miami/2020/05/06/cuban-coffee-mogul-trades-waterfront-tahiti-beach-mansion-for-ponce-davis-estate/

Master Brokers Forum member Corey Schwartz offers practical real estate advice for dealing with this unusual situation to sellers, buyers, landlords, and tenants in the Miami Herald.https://www.miamiherald.com/news/business/real-estate-news/article242490601.html

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381 Articles Found