MBF BLOG

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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

๐Ÿ”ฅ Miami existing condo sales increased 45.2% from September 2020 to September 2021.
๐Ÿ”ฅ Year-to-date, Miami has registered 17,942 existing condo sales in nine months, which surpasses the previous annual record of 17,142.
๐Ÿ”ฅ Miami real estate has already recorded more total sales in nine months this year (29,962) vs. 2020 (26,345) and 2019 (27,436).
๐Ÿ”ฅ 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

๐Ÿคฃ

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

๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿญ ๐—™๐—Ÿ๐—ข๐—ฅ๐—œ๐——๐—” ๐—ฅ๐—˜๐—”๐—Ÿ๐—ง๐—ข๐—ฅ๐—ฆ ๐— ๐—˜๐— ๐—•๐—˜๐—ฅ ๐—ฃ๐—ฅ๐—ข๐—™๐—œ๐—Ÿ๐—˜
โ™€๏ธ 65% female
5๏ธโƒฃ5๏ธโƒฃ is median age
๐Ÿ’ 64% married
๐Ÿ‡บ๐Ÿ‡ธ 76% born in the U.S.
๐Ÿ  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

๐Ÿ“ˆIn 2Q 2021, investors bought:
๐Ÿ”ฅ 2,640 homes in Miami (โฌ†๏ธ91% compared with 2020)
๐Ÿ”ฅ 2,163 homes in Fort Lauderdale (โฌ†๏ธ183%)
๐Ÿ”ฅ 1,243 homes in West Palm Beach (โฌ†๏ธ 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 ๐Ÿš€ ๐—น๐˜‚๐˜…๐˜‚๐—ฟ๐˜† ๐—ฐ๐—ผ๐—ป๐—ฑ๐—ผ ๐˜€๐—ฎ๐—น๐—ฒ๐˜€ ๐˜€๐—ธ๐˜†๐—ฟ๐—ผ๐—ฐ๐—ธ๐—ฒ๐˜๐—ฒ๐—ฑ ๐Ÿฎ๐Ÿญ๐Ÿณ.๐Ÿญ ๐—ฝ๐—ฒ๐—ฟ๐—ฐ๐—ฒ๐—ป๐˜ ๐Ÿš€ 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!

๐Ÿ’ฐ=๐Ÿ‘‘ "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

MASTER BROKER LISTING: Master Brokers Forum member Richard Feldman presents this fantastic Keystone Point mansion. (In partnership with PROFILEmiami.) https://profilemiamire.com/miamirealestate/2021/9/7/master-brokers-forum-listing-step-inside-a-waterfront-mansion-in-keystone-point-asking-45-million

Observed the first Monday in September, Labor Day is an annual celebration of the social and economic achievements of American workers. The holiday is rooted in the late nineteenth century, when labor activists pushed for a federal holiday to recognize the many contributions workers have made to America’s strength, prosperity, and well-being. https://www.dol.gov/general/laborday/history

Want to craft the best possible real estate descriptions for your high-end listings? Here are seven tips to consider. https://rismedia.com/2021/07/15/how-write-copy-that-sells-high-end-homes/

THROWBACK THURSDAY: The Miami Master Brokers Forum 2016 Holiday Celebration hosted by Eighty Seven Park, where MBF founder Helen Jeanne Nicastri was honored with the chapter's "Legacy Award".

According to the FBI’s Internet Crime Complaint Center, there were more than 11,000 victims of real estate cybercrime in 2019. Use this information to protect yourself and your clients. https://www.floridarealtors.org/news-media/news-articles/2021/08/realtors-guide-cybersecurity-works

"Miami has consistently made the top 10 list...but has never taken the number-one spot until now. ๐—œ๐˜ ๐—ต๐—ฎ๐—ฑ ๐—ฎ ๐—ป๐—ฒ๐˜ ๐—ถ๐—ป๐—ณ๐—น๐—ผ๐˜„ ๐—ผ๐—ณ ๐Ÿณ,๐Ÿฒ๐Ÿญ๐Ÿฌ ๐—ฅ๐—ฒ๐—ฑ๐—ณ๐—ถ๐—ป.๐—ฐ๐—ผ๐—บ ๐˜‚๐˜€๐—ฒ๐—ฟ๐˜€ ๐—ถ๐—ป ๐—๐˜‚๐—น๐˜†, ๐™ˆ๐™Š๐™๐™€ ๐™๐™ƒ๐˜ผ๐™‰ ๐™๐™๐™„๐™‹๐™‡๐™€ ๐˜๐—ต๐—ฒ ๐Ÿฎ,๐Ÿฎ๐Ÿญ๐Ÿฒ ๐—ป๐—ฒ๐˜ ๐—ถ๐—ป๐—ณ๐—น๐—ผ๐˜„ ๐—ผ๐—ณ ๐—ฎ ๐˜†๐—ฒ๐—ฎ๐—ฟ ๐—ฒ๐—ฎ๐—ฟ๐—น๐—ถ๐—ฒ๐—ฟ." https://www.redfin.com/news/july-2021-housing-migration-trends/

Is there any way the local rental market can find a steady supply and demand balance? We explore in this month’s “South Florida by the numbers", a Master Brokers Forum partnership with The Real Deal. https://therealdeal.com/miami/2021/08/30/south-florida-by-the-numbers-record-rents-go-through-the-roof/

๐Ÿ”ฅ "The number of ultra-luxury houses and condos (priced at or above $10M) sold between the first and second quarter 2021 ๐—ฟ๐—ผ๐˜€๐—ฒ ๐—ฏ๐˜† ๐—ฎ๐—ฏ๐—ผ๐˜‚๐˜ ๐Ÿฑ๐Ÿฐ%, ๐˜๐—ผ ๐Ÿด๐Ÿฌ ๐˜๐—ฟ๐—ฎ๐—ป๐˜€๐—ฎ๐—ฐ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ณ๐—ฟ๐—ผ๐—บ ๐Ÿฑ๐Ÿฎ..."๐Ÿ”ฅ https://www.miamiherald.com/news/business/real-estate-news/article253737923.html

๐Ÿ”ฅ"On the luxury side, sales of single-family homes were up ๐Ÿญ๐Ÿญ๐Ÿฌ.๐Ÿญ% in July, more than doubling compared to 2020, while condos saw a ๐Ÿฏ๐Ÿฎ๐Ÿฏ.๐Ÿฏ% year-over-year surge, according to the report, which classifies luxury as $1 million and up for both housing types."๐Ÿ”ฅ https://www.mansionglobal.com/articles/miami-home-sales-jumped-58-in-july-as-migration-to-low-tax-state-continues-01629838544?mod=top_markets_miami

MASTER BROKER LISTING: Master Brokers Forum member Joelle Oiknine presents this ultra-luxe Key Biscayne oceanfront condominium residence asking $11 million. (In partnership with PROFILEmiami.) https://profilemiamire.com/miamirealestate/2021/8/9/master-brokers-forum-listing-check-out-an-ultra-luxe-oceanfront-condo-at-oceana-key-biscayne-asking-11-million

These Master Brokers Forum members recently sold this Venetian Islands vacant lot and house for $13 million. (Article link below.) Amazing job!! https://therealdeal.com/miami/2021/08/23/boston-wealth-manager-picks-up-venetian-islands-home-and-lot-for-13m/

Get to know Master Brokers Forum member Liz Hogan - who recently completed a record-breaking $30 million deal for 94 Palm Avenue - in this PROFILEmiami interview. https://profilemiamire.com/miamirealestate/2021/8/11/master-brokers-forum-profile-liz-hogan-of-compass

๐Ÿ•๐Ÿถ๐Ÿฉ Master Brokers Forum member Minette Schwartz and others answer the eternal question: DO DOGS HELP REAL ESTATE AGENTS GET LISTINGS AND SALES? https://www.mansionglobal.com/articles/real-estate-has-gone-to-the-dogs-01629395160

"Absorption is far exceeding all of the new supply coming to market...in the second quarter of 2021 alone, net absorption of apartments in the Miami area surged to 10,028 apartment units even though just 4,855 new apartments were delivered in the same period." https://www.thenextmiami.com/new-miami-apartment-buildings-are-filling-up-as-fast-as-elevators-will-allow/

๐Ÿ’ฅ "...the number of buyers who paid at least $500,000 over the listing price ๐™ˆ๐™Š๐™๐™€ ๐™๐™ƒ๐˜ผ๐™‰ ๐™๐™๐™„๐™‹๐™‡๐™€๐˜ฟ in the last quarter compared with the first three months of the year..." ๐Ÿ’ฅ (Article link below.) https://www.miamiherald.com/news/business/real-estate-news/article253548749.html

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713 Articles Found