MBF BLOG

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1249 Articles Found

"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!

The combined number of millionaire rental households in the Miami, Ft. Lauderdale and Palm Beach metro area grew from 97 in 2020 to 651 (in 2022)... AN INCREASE OF 571%!

"Even though they're still a small group, the increasing number of millionaire renters indicates a shift in how well-off people approach lifestyle and investment decisions nowadays," said RentCafe analyst Veronica Grecu.

http://www.axios.com/local/miami/2024/02/07/millionaire-renters-real-estate-housing

A cool list of local iconic landmarks in The Miami Herald...did they miss anything??http://www.miamiherald.com/living/travel/article284693136.html

10 MOST EXPENSIVE U.S. HOME SALES: Q4 2023
1. Miami, FL (Indian Creek Village): $79M
8. Fort Lauderdale, FL: $40M
9. Miami, FL (Miami Beach): $35.4M
Article: http://www.worldpropertyjournal.com/real-estate-news/united-states/palm-beach/real-estate-news-luxury-home-sales-data-for-2023-redfin-luxury-home-sales-report-for-2023-most-expensive-homes-sold-in-2023-14020.php

"The Sunshine State has long been a top relocation destination for Americans, and 2022 was no exception...Florida saw a net influx of 238,000 residents that year, 𝙋𝙐𝙏𝙏𝙄𝙉𝙂 𝙄𝙏 𝙄𝙉 𝙁𝙄𝙍𝙎𝙏 𝙋𝙇𝘼𝘾𝙀 𝙄𝙉 𝙏𝙃𝙀 𝙐.𝙎....On the flip side, the states with the greatest out-migration in 2022 were California, New York, Illinois, New Jersey and Maryland..." (Article link below.) http://southfloridaagentmagazine.com/2024/01/31/florida-no-1-for-migration/

This Master Brokers Forum member represented the seller in one of last week's top ten Miami condo sales; a $2.475 million transaction in Bal Harbour. (Article link below.) Congratulations! http://therealdeal.com/miami/2024/01/30/miami-dade-county-weekly-condo-report-3/

"The solid new home sales rate in December was fueled by a lack of existing inventory in the resale market and declining interest rates...The rise in sales also coincides with our latest builder surveys, which show a marked increase in future sales expectations because of falling mortgage rates." (Article link below.) http://www.worldpropertyjournal.com/real-estate-news/united-states/tampa-real-estate-news/real-estate-news-new-home-sales-data-for-2023-us-department-of-housing-and-urban-development-us-census-bureau-sales-data-of-newly-built-single-family--14017.php

In this Master Brokers Forum “𝙈𝙀𝙈𝘽𝙀𝙍 𝙏𝙊 𝙈𝙀𝙈𝘽𝙀𝙍” 𝘿𝙀𝘼𝙇, Renier represented the seller and Karen represented the buyer of a Coral Gables residence for $11.2 million. (Article link below.) Congratulations to you both! http://therealdeal.com/miami/2024/01/25/resi-roundup-hedge-funder-spec-developers-buy-sell-homes/

Weeks of falling mortgage rates have inspired buyers to dive back into the market. Is this a sustainable trend, or a momentary uptick? We examine with great "interest" 🤣 the impact of declining mortgage rates 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/2024/01/24/south-florida-by-the-numbers-the-going-mortgage-rate/

In this Master Brokers Forum “𝙈𝙀𝙈𝘽𝙀𝙍 𝙏𝙊 𝙈𝙀𝙈𝘽𝙀𝙍” 𝘿𝙀𝘼𝙇 (last week's fifth-most expensive Miami condo sale), Karla represented the seller and Elena represented the buyer of a Fisher Island residence for $2.35 million. (Article link below.) Congratulations to you both! http://therealdeal.com/miami/2024/01/23/miami-dade-county-weekly-condo-report-2/

"Miami total new listings increased 8.9% year-over-year in December 2023, from 2,330 to 2,538. 𝙏𝙃𝙀 𝙈𝙄𝘼𝙈𝙄-𝘿𝘼𝘿𝙀 𝙈𝘼𝙍𝙆𝙀𝙏 𝙍𝙀𝙈𝘼𝙄𝙉𝙎 𝙄𝙉 𝘼 𝙎𝙀𝙇𝙇𝙀𝙍'𝙎 𝙈𝘼𝙍𝙆𝙀𝙏 𝘽𝙐𝙏 𝙏𝙃𝙀 𝙁𝙍𝙀𝙎𝙃 𝙎𝙐𝙋𝙋𝙇𝙔 𝙊𝙁 𝙇𝙄𝙎𝙏𝙄𝙉𝙂𝙎 𝙒𝙄𝙇𝙇 𝙂𝙄𝙑𝙀 𝘽𝙐𝙔𝙀𝙍𝙎 𝙈𝙊𝙍𝙀 𝙊𝙋𝙏𝙄𝙊𝙉𝙎." (Article link below.) http://www.worldpropertyjournal.com/real-estate-news/united-states/miami-real-estate-news/real-estate-news-miami-home-price-data-for-2023-miami-home-sales-data-for-2023-miami-association-of-realtors-2023-housing-reports-condo-prices-in-miam-14012.php

MASTER BROKER LISTING: Master Brokers Forum member Megan Probst presents this luxurious two bedroom/two and one-half bathroom (plus den) beachfront retreat on the 18th floor of Solemar, offering a sophisticated living experience in the heart of Pompano. Revel in breathtaking ocean views from every room, complemented by an innovative split floor plan with a den easily converted to a third bedroom. Solemar offers a wellspring of amenities spanning 24/7 valet, tranquil spa facilities, elegantly curated club room, state-of-the-art fitness center, green spaces, personalized concierge services, and sunrise/sunset swimming pools featuring cabanas as well as food and beverage options. Residents will delight in the unparalleled proximity to downtown Pompano Beach and Fort Lauderdale, promising a vibrant coastal lifestyle with endless dining, entertainment, and cultural experiences.

1116 N Ocean Blvd Unit 1805 is currently listed for $2,450,000 by Megan Probst, who can be reached at (954) 999-2875 and/or megan.probst@compass.com.

https://www.masterbrokersforum.com/Pompano-Beach-mls-listing/A11486529.htm

"For the past year, consumer spending has had more strength and momentum in South Florida’s economy, and that is expected to continue this year." (Article link below.) http://www.miamitodaynews.com/2024/01/16/consumer-spending-spurs-miami-economy/

"And you think real estate agents don’t earn their commissions? To be fair, many don’t. 𝘽𝙪𝙩 𝙩𝙝𝙚 𝙜𝙤𝙤𝙙 𝙤𝙣𝙚𝙨 𝙜𝙤 𝙩𝙤 𝙜𝙧𝙚𝙖𝙩 𝙡𝙚𝙣𝙜𝙩𝙝𝙨 𝙩𝙤 𝙗𝙧𝙞𝙣𝙜 𝙖 𝙙𝙚𝙖𝙡 𝙩𝙤 𝙛𝙧𝙪𝙞𝙩𝙞𝙤𝙣. 𝘼𝙉𝘿 𝙈𝙐𝘾𝙃 𝙊𝙁 𝙒𝙃𝘼𝙏 𝙏𝙃𝙀𝙔 𝘿𝙊 𝙄𝙎 𝘽𝙀𝙃𝙄𝙉𝘿 𝙏𝙃𝙀 𝙎𝘾𝙀𝙉𝙀𝙎, 𝙎𝙊 𝙔𝙊𝙐’𝙇𝙇 𝙉𝙀𝙑𝙀𝙍 𝙎𝙀𝙀 𝙄𝙏." (Article link below.) http://www.miamiherald.com/news/business/article284346334.html

THANK YOU to our friends at JEM Private Residences for hosting yesterday's wonderful Miami Master Brokers Forum board meeting! Learn more about this extraordinary new development at www.thejem.com and visit the JEM sales gallery at 110 NE 10th Street.

"New listings in Miami grew 13.5% from 2022...Declining mortgage rates are a trend Realtor.com anticipates will make a positive impact on home-selling sentiment and the possibility that more new listings will enter the market." (Article link below.) http://southfloridaagentmagazine.com/2024/01/11/miami-home-listings-grow-as-prices-stabilize/

“The strong growth of movers from New York, New Jersey and California tells me that there’s still a significant price differential,” said Gay Cororaton, the chief economist for Miami Realtors. For example, she said, while Miami home prices have jumped since the start of the pandemic, 𝐭𝐡𝐞 𝐦𝐞𝐝𝐢𝐚𝐧 𝐨𝐟 𝐚𝐛𝐨𝐮𝐭 $𝟔𝟏𝟓,𝟎𝟎𝟎 𝐜𝐨𝐦𝐩𝐚𝐫𝐞𝐬 𝐭𝐨 $𝟏.𝟑 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐒𝐚𝐧 𝐅𝐫𝐚𝐧𝐜𝐢𝐬𝐜𝐨." (Article link below.) http://www.bnnbloomberg.ca/miami-keeps-luring-more-out-of-state-residents-1.2020357

"Office rents will likely grow in 2024...Tenants who can't find space in Brickell and Coconut Grove have been looking to Downtown Miami, Coral Gables, and the Miami Freedom Park micro-market...Miami's status as an international destination and gateway to Latin America should continue to drive the demand for luxury and high-end hotels..." (Article link below.) http://www.axios.com/local/miami/2024/01/09/commercial-real-estate-2024-interest-rates

"A recent report from Redfin... found demand starting to pick up in December as rates fell. Redfin's Homebuyer Demand Index — a seasonally adjusted measure of requests for tours and other homebuying services — was up 10% from a month ago to its highest level since August..." (Article link below.) http://www.nbcmiami.com/news/business/money-report/mortgage-rate-decline-pushes-buyers-back-into-the-housing-market/3200298/

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1249 Articles Found