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Is Miami's scintillating rental market a good or bad thing? Depends on who you ask. We take a "rental health day" to examine the dynamics between renters, owners/investors, and developers in this edition of "South Florida By The Numbers"; a Master Brokers Forum partnership with The Real Deal. (Article link below.)http://therealdeal.com/miami/2024/04/24/south-florida-by-the-numbers-rental-health-day/

June 17, 2014, a fabulous Master Brokers Forum dinner and discussion on "MARKETING DOLLARS: Where to Spend Them in 2014", hosted by SLX LUX Brickell. Who remembers this one??

WATCH: Highlights from last week's FANTASTIC Gold Coast Master Brokers Forum presentation and dinner, generously hosted by our friends at Natiivo Fort Lauderdale and featuring insights from Downtown FTL president and CEO Jenni Morejon. https://youtu.be/hZBSYJs50K4?si=ghHJyge0LfdAm1VI

"Home prices are doubling faster than usual, and the trend is more pronounced in the Sunshine State...Home prices in Miami and Tampa have doubled since 2018." (Article link below.) http://www.businessobserverfl.com/news/2024/apr/19/home-prices-double/

This Master Brokers Forum member has this beautiful Mansion Global "Listing of the Day" in Miami Beach's Biscayne Point Island. (Article link below.) http://www.mansionglobal.com/articles/this-mid-century-modern-house-in-miami-beach-catches-blazing-sunsets-ee5cb2eb?mod=top_markets_miami

"Population growth and employment gains have combined to create the greatest disparity in rent growth percentage between key apartment markets since the pandemic...𝙒𝙃𝙄𝙇𝙀 𝙄𝙉 𝙎𝙊𝙐𝙏𝙃 𝙁𝙇𝙊𝙍𝙄𝘿𝘼 𝘼𝙋𝘼𝙍𝙏𝙈𝙀𝙉𝙏 𝙂𝙍𝙊𝙒𝙏𝙃 𝙄𝙎 𝘾𝙇𝙄𝙈𝘽𝙄𝙉𝙂 – 𝙋𝙀𝙍𝙁𝙊𝙍𝙈𝙄𝙉𝙂 𝘽𝙀𝙏𝙏𝙀𝙍 𝙏𝙃𝘼𝙉 𝙄𝙉 𝘼𝙉𝙔 𝘼𝙍𝙀𝘼 𝙄𝙉 𝙏𝙃𝙀 𝘾𝙊𝙐𝙉𝙏𝙍𝙔 – the opposite is the case for the Bay Area in Northern California." (Article link below.) http://www.globest.com/2024/03/26/south-florida-and-bay-area-truly-a-tale-of-two-apartment-markets/

Re-live our fabulous Master Brokers Forum Dinner and Discussion from May 2019, generously hosted by Elysee Miami! http://youtu.be/ScndzCoMtm8?si=6zHf1ZmF6_3Rb1DK

Many thanks to our friends at Bay Harbor Towers for kindly hosting yesterday's super-productive Miami Master Brokers Forum board meeting! Check out this beautiful project at www.bayharbortowers.com.

Scenes from Monday's AMAZING Gold Coast Master Brokers Forum dinner and presentation, generously hosted by the extraordinary Natiivo Fort Lauderdale! Special thanks to Downtown Fort Lauderdale DDA president and CEO Jenni Morejon for a fabulous update on all the exciting things underway in downtown Ft. Lauderdale.

"Miami earned high scores for nightlife venues (#1 in the United States), density of restaurants and dining options (#2), entertainment options (#3) and population growth (#8). Miami also received high marks for mobility, meaning it’s possible to live there without a car, and its burgeoning creative sector, which is beginning to rival that of New York." (Article link below.). https://southfloridaagentmagazine.com/2024/04/11/miami-ranks-no-7-for-college-grads/

😎 "𝙁𝙇𝙊𝙍𝙄𝘿𝘼’𝙎 𝙋𝘼𝙉𝘿𝙀𝙈𝙄𝘾-𝙀𝙍𝘼 𝙍𝙀𝘼𝙇 𝙀𝙎𝙏𝘼𝙏𝙀 𝘽𝙊𝙊𝙈 𝙃𝘼𝙎 𝘾𝘼𝙏𝘼𝙋𝙐𝙇𝙏𝙀𝘿 𝙀𝙉𝘾𝙇𝘼𝙑𝙀𝙎 𝙄𝙉 𝙏𝙃𝙀 𝙎𝙐𝙉𝙎𝙃𝙄𝙉𝙀 𝙎𝙏𝘼𝙏𝙀 𝙏𝙊 𝙏𝙃𝙀 𝙏𝙊𝙋 𝙊𝙁 𝙏𝙃𝙀 𝙈𝙊𝙎𝙏 𝙀𝙓𝙋𝙀𝙉𝙎𝙄𝙑𝙀 𝙉𝙀𝙄𝙂𝙃𝘽𝙊𝙍𝙃𝙊𝙊𝘿 𝙇𝙄𝙎𝙏— knocking once-thriving Manhattan hot spots out of the top 10 and cutting Beverly Hills down to size.The most expensive neighborhood in the country is in the Coral Gables section of Miami...Florida is home to seven of the nation’s most expensive neighborhoods when measured by housing prices…" (Article link below.) https://nypost.com/2024/04/11/business/ritzy-florida-neighborhoods-bump-nyc-beverly-hills-off-list-of-most-expensive-us-real-estate/

"At a critical time across the country, it’s never been more important for Realtors to tell their stories intentionally and educate consumers on their unique expertise and their essential role during real estate transactions. The Only a Realtor® campaign amplifies these efforts." Read more from Broward, Palm Beaches & St. Lucie Realtors® CEO Dionna Hall at: https://southfloridaagentmagazine.com/2024/04/09/only-a-realtor-creating-a-national-movement/

"Florida's been a popular destination for a while - 𝙩𝙝𝙞𝙨 𝙞𝙨 𝙩𝙝𝙚 𝙣𝙞𝙣𝙩𝙝 𝙮𝙚𝙖𝙧 𝙞𝙣 𝙖 𝙧𝙤𝙬 𝙩𝙝𝙚 𝙎𝙪𝙣𝙨𝙝𝙞𝙣𝙚 𝙎𝙩𝙖𝙩𝙚'𝙨 𝙧𝙖𝙣𝙠𝙚𝙙 𝙖𝙢𝙤𝙣𝙜 𝙐-𝙃𝙖𝙪𝙡'𝙨 𝙩𝙤𝙥 𝙛𝙤𝙪𝙧 𝙥𝙡𝙖𝙘𝙚𝙨 𝙩𝙤 𝙢𝙤𝙫𝙚.'I think these people, these families want space,' said (Master Brokers Forum member) Miltiadis Kastanis. 'We have weather, lifestyle. I think the trend is people love Miami.'" (Article link below.) https://www.cbsnews.com/miami/news/goodbye-snow-hello-palm-trees-more-people-moving-to-florida/

☀️🌕🌑 "In South Florida, we will begin seeing a partial eclipse at 1:47 p.m. with a mid-eclipse peaking at 3:02 p.m. The sun will be back in full view by 4:02 p.m." (Article link below.) https://www.local10.com/news/local/2024/04/08/todays-the-day-what-time-can-i-see-the-eclipse-in-south-florida/

😎🎶It's the most 🎶 wonderful time 🎶 of the year🎶😎

Featuring insight from Master Brokers Forum member Christina Pappas, Real Estate Professional: “𝙏𝙃𝙀𝙍𝙀 𝙄𝙎 𝘼𝙉 𝙊𝙋𝙋𝙊𝙍𝙏𝙐𝙉𝙄𝙏𝙔 𝙁𝙊𝙍 𝙏𝙃𝙀 𝘽𝙀𝙎𝙏 𝘼𝙂𝙀𝙉𝙏𝙎 𝙏𝙊 𝙍𝙄𝙎𝙀 𝙏𝙊 𝙏𝙃𝙀 𝙏𝙊𝙋." (Article link below.) http://therealdeal.com/miami/2024/04/03/south-florida-brokers-react-to-commission-litigation/

These Master Brokers Forum members represented the buyers in last week's #1 and #2 most expensive Miami condo sales. (Article link below.) Congratulations! http://therealdeal.com/miami/2024/04/02/miami-dade-county-weekly-condo-report-10/

This Master Brokers Forum member represented the seller in this RECORD SETTING deal for a $44M Four Seasons Residences at the Surf Club penthouse. (Article link below.) Congratulations! http://www.bizjournals.com/southflorida/news/2024/04/01/four-seasons-penthouse-sells-surf-club-record.html

The sheer flurry of “highest priced on the market” and price-shattering local home sales over the past two years has been extraordinary, even taking into account the relentless degree of demand and barren level of inventory. We examine the trend of big-ticket home sales in this edition of “South Florida By the Numbers”; a Master Brokers Forum partnership with The Real Deal. (Article link below.) http://therealdeal.com/miami/2024/03/29/south-florida-by-the-numbers-prices-rising/

"The week of April 14–20 is expected to have the ideal balance of housing market conditions that favor home sellers, more so than any other week in the year. A recent survey from Realtor.com® found that the majority (53%) of home sellers took one month or less to get their home ready to list, so the time to start prepping is now." (Article link below.) https://www.realtor.com/research/best-time-to-sell-2024/

MASTER BROKER LISTING: Master Brokers Forum member Meryl Koslow presents this three-bedroom, four-bath newly designed condo by Perla Lichi. Sold fully furnished with accessories, every item has been curated and thoughtfully designed. Fresh paint, new wallpaper and marble floors throughout. The office has a murphy bed which makes this a three-bed residence with separate laundry area. Bedroom #3 has an en-suite bathroom. The primary suite has a floor-to-ceiling headboard and all lighting is custom designed with unique ceilings.

Custom closets and generous primary bathroom with his-and-her separate toilets. The hallway is truly a gallery of art and lighting with a decorative glass niche. The media room boasts a luxury leather sofa, TV and silkscreen wall. The square footage is 3,264, plus the balconies boast views that will take your breath away.

20201 East Country Club Drive, #1903 in Aventura is currently listed for $2.6M by Meryl Koslow, who can be reached at 954-401-2296 and/or mkoslow@onesothebysrealty.com.

http://www.Hamptonssouth1903.com

"While there are warning signs of trouble in commercial real estate in some places, South Florida is not one of those places." (Article link below). http://www.wlrn.org/business/2024-03-25/commercial-real-estate

"South Florida’s wealth migration keeps prices and demand high. During the pandemic, South Florida got wealthier with corporate expansions, some of the world’s wealthiest...moving to Miami, and those executives bringing their staff. As a result of corporate expansions and job growth, Miami-Dade has a historically low unemployment rate of 1.4%. (Article link below, featuring insight from Master Brokers Forum member Nancy Klock Corey.) http://www.miamiherald.com/news/business/real-estate-news/article286929020.html

WATCH: Highlights from yet another AMAZING Master Brokers Forum dinner and discussion, hosted by our partners at City National Bank of Florida in their Miami Tower earlier this month. There are many benefits to being a Master Broker...but the opportunity to attend our signature events is among the very best! https://youtu.be/k_1I7NOlqD8?si=dXO5n3bbSxniKzmR

"Miami-Dade’s net international population growth surged in 2023, and was the highest of any county in the U.S...𝙉𝙊 𝙊𝙏𝙃𝙀𝙍 𝘾𝙊𝙐𝙉𝙏𝙔 𝘼𝘿𝘿𝙀𝘿 𝘼𝙎 𝙈𝘼𝙉𝙔 𝙉𝙀𝙒 𝙄𝙉𝙏𝙀𝙍𝙉𝘼𝙏𝙄𝙊𝙉𝘼𝙇 𝙍𝙀𝙎𝙄𝘿𝙀𝙉𝙏𝙎." (Article link below.) http://www.thenextmiami.com/census-miami-ranked-1-for-international-population-growth-in-2023/

So much of the work to make the Master Brokers Forum successful happens behind the scenes at our board meetings. Last week's Gold Coast chapter meeting - generously hosted by Tim Singer at his beautiful $5.425M listing in Ft. Lauderdale (link below) - was a perfect example. Board members volunteer their precious time and expertise to make important decisions that advance the MBF, and we get amazing mortgage updates from Rich Campanella and City National Bank of Florida. Thank you to all MBF board members! http://timsinger.com/properties/3509-ne-27th-st-fort-lauderdale-fl-33308-f10397471

"That would be welcome news to millions of Florida homeowners suffering under backbreaking increases in property insurance costs over the past several years. The Insurance Information Institute, a nonprofit organization funded by large insurers, estimated in 2023 that Florida homes cost $6,000, THREE TIMES the national average, to insure." (Article link below.) http://www.sun-sentinel.com/2024/03/14/reduce-insurance-costs-by-25-south-florida-backers-push-bill-they-say-would-do-it/

"Clever Real Estate, a data and real estate analysis company, completed a study of the nation’s 50 biggest cities and home price increases in those large metro areas. MIAMI CAME IN WITH THE GREATEST INCREASE IN HOME PRICES IN THE U.S. SO FAR THIS CENTURY, WITH A 299% (!) JUMP IN HOME VALUES." (Article link below.) http://floridapolitics.com/archives/664998-miami-sees-largest-home-price-surge-among-major-u-s-markets-since-2000-with-other-florida-cities-near-the-top/

MASTER BROKER LISTING: Master Brokers Forum member Techrin Hijazi invites you to enter a space like no other in Miami Beach.Located adjacent to Lincoln Road, the best of the beach will be at your doorstep.

onnect to the earth with stunning private gardens, designed by Raymond Jungles, enjoyable from every room. You will find thoughtful details throughout this luxurious home. It is a true haven, designed by award-winning Herzog & de Meuron. Ten foot ceilings and custom sliding doors create a seamless indoor-outdoor flow. Chefs will delight in the gourmet kitchen with Bosch & Sub-Zero appliances. Find serenity in the spa bathroom, featuring rain shower experience and free-floating bathtubs. Sophisticated white oak floors, spacious custom closets, private elevator and an integrated smart home system, are just some of the details you will find here. No pet restrictions.

1664 Lenox Avenue Unit 1 is currently listed for $4,990,000 by Techrin Hijazi, who can be reached at 305-815-4655 and/or Techrin@gmail.com.

http://www.masterbrokersforum.com/Miami-Beach-mls-listing/A11477970.htm

"The buzz surrounding Messi’s move to Miami continues, and it’s evident that his presence transcends the sports scene. Alongside other major events like Formula 1 and Art Basel, the upcoming 2026 FIFA World Cup further solidifies South Florida’s status as an international hotspot, drawing increased attention to its real estate market." (Article link below.) http://www.bizjournals.com/southflorida/news/2024/03/07/south-florida-luxury-condo-market-miami.html?fbclid=IwAR2bR-4Y1PWTllR-FUyTFBdW2diL0wvBEklRazfAa329p01X2QBbWdl6c3w

Featuring insight from Master Brokers Forum board member Alicia Cervera and this week's guest panelist Analytics Miami. (Article link below.) http://www.bizjournals.com/southflorida/news/2024/03/07/south-florida-luxury-condo-market-miami.html

"Located at the Shore Club Private Collection in Miami Beach, the unit spans about 10,500 square feet with around 7,500 square feet of terraces and a private rooftop pool. The identity of the buyer is not known." (Article link below.) http://www.mansionglobal.com/articles/a-120-million-penthouse-will-become-the-miami-areasmost-expensive-home-be9ec237?mod=top_markets_miami

✅ Pagani
✔️ Porsche
✔️ Aston Martin
✔️ Mercedes-Benz
✔️ Bentley
(Article link below.)

http://www.axios.com/local/miami/2024/03/07/real-estate-luxury-high-rises-pagani-residences

Another amazing Miami Master Brokers Forum board meeting, generously hosted today by our friends at Villa Miami! Learn more about this extraordinary new project in Miami's Edgewater neighborhood at https://villamiami.com/.

Many thanks to our partners at City National Bank of Florida for hosting another amazing "Lunch and Loans" meeting for some of the newest members of the Master Brokers Forum Gold Coast Chapter!

"The Magic City’s luxury prices rose 6.5 percent in 2023, year-over-year, 𝙏𝙃𝙀 𝙈𝙊𝙎𝙏 𝙊𝙁 𝘼𝙉𝙔 𝘼𝙈𝙀𝙍𝙄𝘾𝘼𝙉 𝘾𝙄𝙏𝙔...The ultra-rich are relocating to South Florida in droves, fueling the region’s booming trophy market." (Article link below.) http://therealdeal.com/miami/2024/02/29/miami-leads-u-s-in-luxury-resi-market-price-growth/

🔥 14 renters competing for each unit – the highest in the country, and double the national average
🔥 Occupancy rate 96.5% (national average 93%)
🔥 Available units being rented in 36 days (national average 41)
⬇️ Article link: https://www.thenextmiami.com/miami-named-the-hottest-apartment-market-in-the-u-s-to-start-2024-again/

"𝙎𝙊𝙐𝙏𝙃 𝙁𝙇𝙊𝙍𝙄𝘿𝘼 𝙍𝙀𝘼𝙇 𝙀𝙎𝙏𝘼𝙏𝙀 𝘾𝙊𝙉𝙏𝙄𝙉𝙐𝙀𝙎 𝙏𝙊 𝙊𝙐𝙏𝙋𝘼𝘾𝙀 𝙏𝙃𝙀 𝙉𝘼𝙏𝙄𝙊𝙉...Miami-Dade total home sales increased 0.9% and total dollar volume jumped 19% year-over-year in January 2024...The statistics would be much stronger if they included South Florida's robust developer new construction market and volume. (Article link below.) http://www.worldpropertyjournal.com/real-estate-news/united-states/miami-real-estate-news/real-estate-news-miami-home-sales-data-for-january-2024-miami-condo-sales-data-for-january-2024-miami-median-home-price-data-for-2023-miami-associatio-14040.php

(Whatcha gonna do? 🤣)

MASTER BROKER LISTING: Master Brokers Forum board members Jeff Morr and David Nguah present this rare chance to acquire a wide bay single-family home with breathtaking wide bay views; a 8,850 square foot lot featuring 52 feet of water frontage on the wide bay, with downtown views. (There are no fixed bridges to the ocean.)

GRANDFATHERED BOAT DOCK PILINGS significantly enhance the value of this already attractive property. Offering RM-1 Zoning, perfect for a new condominium development project. The FAR of 1.25 permits up to 11,000+/- square feet of living space, with a maximum height of 55 feet. The property is not historic, paving a path to creating something extraordinary. This is a prime residential development opportunity not to be missed.

1920 Bay Drive in Miami Beach is currently listed for $5,500,000 by David Nguah (786-200-3966) and Jeff Morr (786-200-5005).

http://www.masterbrokersforum.com/Miami-Beach-mls-listing/A11517733.htm

Why have so many of the industry’s top players recently opened shiny, high-profile new offices in emerging local markets? We examine in this month's edition of "South Florida By The Numbers"; a Master Brokers Forum partnership with The Real Deal. (Article link below.) http://therealdeal.com/miami/2024/02/23/south-florida-by-the-numbers-where-the-fish-are/

👀 MUST WATCH! Longtime Master Brokers Forum member Hal Feldman interviews Miami MBF chair Iliana Abella on his weekly Miami's Community Newspapers Real Estate Show. The two discuss the history of the MBF, its successful post-pandemic recovery, how buyers/sellers and Master Brokers benefit from working together, the critical importance of ethics in our industry, and much more. Check it out! http://communitynewspapers.com/videos-2/miamihal-with-hal-feldman-and-special-guest-iliana-abella-chair-of-master-brokers-forum-miami/

This Master Brokers Forum member represented the seller in this $15.1 million deal for a corner unit at Fendi Chateau in Surfside, an increase from $9.3 million in 2021. (Article link below.) Congratulations! http://www.bizjournals.com/southflorida/news/2024/02/20/fendi-condo-surfside-sale.html

😎 IT'S NOT EVEN FAIR 🤣

FLASHBACK FRIDAY: Exactly ten years ago this week, the Miami Master Brokers Forum was graciously hosted by Paraiso Bay for a fabulous dinner and discussion about "Tapping Into Global Markets", featuring The Related Group chairman and CEO Jorge Perez.

This Master Brokers Forum member was the listing agent in this $7M sale of reggaeton artist Nicky Jam's One Thousand Museum condominium. (Article link below.) Congratulations! http://therealdeal.com/miami/2024/02/13/reggaeton-artist-nicky-jam-sells-downtown-miami-condo/

This Master Brokers Forum board member represented the seller in last week's third-most expensive Miami condominium sale; a $2,787,500 transaction in Aventura. (Article link below.) Congratulations! http://therealdeal.com/miami/2024/02/13/miami-dade-county-weekly-condo-report-5/

A very special "Thank You" to our friends at The St. Regis Residences, Miami for hosting yesterday's lovely Miami Master Brokers Forum board meeting in their exquisite sales gallery!

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1289 Articles Found