Broward Council of the MIAMI Association of REALTORS

                                                                                                     

                

  • Colombia Continues to be Top Country Searching for Miami Homes

    Jul 09, 2018
    Colombian consumers registered the most international web searches for Miami homes in March, according to a new report by the MIAMI Association of REALTORS® (MIAMI). Colombia registered 11.9 percent of all international searches on MIAMI’s portal, www.MiamiRealtors.com, in March 2018. Colombia has led the rankings for four consecutive months.
    Full story
  • South Florida Multifamily Transactions, Prices Rise in 1Q

    Jun 26, 2018
    South Florida multifamily real estate transactions jumped 8.5 percent year-over-year in 1Q 2018 and per-unit multifamily prices increased in Miami-Dade, Broward and Palm Beach counties, according to the new 1Q 2018 The Quarterly Report – South Florida Commercial Real Estate
    Full story
  • JTHS-MIAMI Realtors Collect 364 Pounds of Food for Needy Palm Beach Residents

    Jun 25, 2018
    The Jupiter-Tequesta-Hobe Sound Council of the MIAMI Association of REALTORS® (JTHS-MIAMI) collected 364 pounds of non-perishable food for the Palm Beach County Food Bank in April as part of its annual JTHS-MIAMI’s “Move for Hunger” Food Drive.
    Full story
  • Colombia Leads Countries Looking for Miami Homes in February

    Jun 25, 2018
    Colombian consumers registered the most international web searches for Miami homes in February, according to a new report by the MIAMI Association of REALTORS® (MIAMI). South Florida remains the most-searched U.S. market by international consumers and a top-five market for homebuyers in the world’s six largest regions, according to February data.
    Full story
  • Miami Luxury Home Sales Jump in May 2018

    Jun 20, 2018
    Total Miami luxury home sales rose 24.1 percent year-over-year in May as existing condominium sales rose for the second consecutive month, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
    Full story
  • Miami Realtors Join Chapman Partnership to Feed Homeless

    Jun 18, 2018
    Continuing its changing communities initiative, MIAMI Association of Realtors (MIAMI) members and peers again fed dinner to 500 homeless residents on June 14 at the Chapman Partnership’s Downtown Miami Homeless Assistance Center.
    Full story
  • Miami Existing Condo Sales Jump 24.6 Percent in April

    May 24, 2018
    Miami’s existing condominium market posted its best April in three years as condo transactions jumped 24.6 percent and condo dollar volume surged 40.8 percent year-over-year, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system. Miami single-family home sales and residential prices rose.
    Full story
  • MIAMI REALTORS® Launches MIAMI Platinum PLUS for its Members

    May 17, 2018
    The MIAMI Association of REALTORS® (MIAMI) is now offering its members subscriptions to MIAMI Platinum PLUS, an exclusive and unparalleled suite of upgraded Realtor products and services, so Realtors can utilize an even higher level of industry tools to improve and expand their business while enhancing the home buying and home selling process for the public.
    Full story
  • Miami Luxury Home Sales Soar in 1Q 2018

    May 15, 2018
    Total Miami luxury home sales surged 12.3 percent in 1Q 2018 as median prices rose for the 25th consecutive quarter, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
    Full story
  • MIAMI REALTORS CEO Named to South Florida’s Most Influential Business Women

    May 14, 2018
    MIAMI Association of REALTORS® (MIAMI) Chief Executive Officer Teresa King Kinney was named one of the top 25 Most Influential Business Women in South Florida. The South Florida Business Journal honored Kinney’s strong record of leadership, community involvement and industry innovation at an event on May 11 in Fort Lauderdale.
    Full story
  • Miami Luxury Single-Family Home Sales Jump in March

    Apr 23, 2018
    Miami luxury single-family home sales posted double-digit gains as median prices for all properties continued rising in March, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
    Full story
  • South Florida Industrial Real Estate Prices, Transactions Rise in 4Q

    Apr 23, 2018
    South Florida industrial real estate prices increased 11.4 percent year-over-year in the 4Q 2017 and the Miami-Dade, Broward and Palm Beach tri-county region posted its second highest industrial transaction volume for the year,
    Full story
  • Patricia Anglero Elected 2018 Broward President of the MIAMI Realtors

    Apr 07, 2018
    The MIAMI Association of REALTORS® (MIAMI) has elected Fort Lauderdale broker Patricia C. Anglero as its 2018 Broward Council president. She and all of MIAMI’s leadership boards were installed Feb. 2 at the MIAMI 2018 Inaugural and Awards Celebration.
    Full story
  • MIAMI REALTORS Commercial Partners with Research and Data Firm Vizzda to Provide South Florida Commercial Statistics Reports

    Apr 05, 2018
    MIAMI Association of Realtors Commercial (MIAMI Commercial) has formed a strategic alliance with Vizzda (Visual Data) to provide The Quarterly Report – South Florida Commercial Real Estate, which will offer comprehensive commercial research and statistics to MIAMI’s 46,000 members and the consumers they serve.
    Full story
  • MIAMI Realtors Commercial Association Rebrands as MIAMI Commercial

    Apr 05, 2018
    The MIAMI Association of REALTORS® (MIAMI) has rebranded its commercial real estate organization, to MIAMI Commercial. MIAMI Commercial’s new name and logo is part of MIAMI’s successful expansion of the commercial reach of the Miami Association of Realtors that enhances the 25-year-old organization, which was formerly the Realtors Commercial Alliance MIAMI (RCA MIAMI).
    Full story
  • Miami Condo, Luxury Home Sales Rise in February  

    Mar 21, 2018
    Miami existing condominium and total luxury home sales increased in February, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
    Full story
  • Miami Realtors Expands Presence of South Florida Real Estate at Global Expo

    Mar 14, 2018
    The MIAMI Association of REALTORS® (MIAMI) has increased its presence by 400 percent at the world’s largest commercial real estate conference, MIPIM. MIAMI Realtors will have exhibits promoting South Florida at MIPIM from March 13-16 in Cannes, France as part of the National Association of REALTORS® (NAR) expanded U.S. pavilion. This year, MIAMI has significantly expanded the U.S. and MIAMI/South Florida presence by adding its own adjacent exhibit space.
    Full story
  • Colombia Leads Countries Looking for Miami Homes in January

    Mar 13, 2018
    Colombian consumers registered the most international web searches for Miami homes in January, according to a new report by the MIAMI Association of REALTORS® (MIAMI). South Florida remains the most-searched U.S. market by international consumers and a top-five market for homebuyers in the world’s six largest regions, according to January data.
    Full story
  • Urgent Legal Alert from Florida REALTORS General Counsel

    Mar 06, 2018
    Recently, Florida Realtors became aware of several lawsuits filed against real estate brokers in Miami Dade and Broward counties concerning allegations of discriminatory advertising—a violation of fair housing laws. Specifically, brokers are being sued for discriminating against tenants with Section 8 vouchers. These violations, however, pertain to local ordinances, not the Federal Fair Housing Act. Under these local ordinances, landlords and Realtors are precluded from discriminating against tenants with Section 8 vouchers, as this falls under the protected class "source of income."
    Full story
  • Miami Condo, Single-Family Home Sales Jump in January

    Feb 22, 2018
    Miami existing condominium and single-family home sales rose in January as $1 million-and-up luxury transactions jumped for all properties, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
    Full story

South Florida Boasts 115 of Florida's Most Sought-After Zip Codes

by | Jan 06, 2016

Print Version

South Florida has 115 of Florida’s hottest 500 zip codes based on supply and demand, according to Realtor.com data released exclusively last month at the 21st annual MIAMI Association of REALTORS® International Real Estate Congress. In October 2015, the aforementioned Miami-Broward-Palm Beach- Martin zip codes received eight times as many views on Realtor.com than the average zip code.

International consumers comprised a majority of those web views as the South Florida real estate market leads all U.S. metro areas in international web traffic on Realtor.com.

“Miami is setting the standard for international web traffic,” Realtor. com Chief Economist Jonathan Smoke said during the 2015 MIAMI Congress, which hosted more than 400 foreign and domestic real estate professionals at events in Miami and San Diego.

Two generations — millennials and boomers — are spearheading the interest in South Florida properties, Smoke said. Millennials, the generation of Americans between the ages of 25-34, are the largest and most diverse generation in the U.S. population. Boomers are the generation of Americans born after World War II and are between the ages of 50-64.

For millennials, the top zip codes in Miami-Dade County are: Miami Springs (33166), Brickell (33129), Coral Way (33145) and downtown Miami (33132), according to Realtor.com data. Boomers, meanwhile, favor the northern part of South Florida. The top zip codes for Boomers are: West Palm Beach (33417), Hobe Sound (33455), Stuart (34996), Jensen Beach (34957) and Boynton Beach (33437).

Half of South Florida’s zip codes are projected to see household growth of 6 to 18 percent in the next five years, Smoke said.

South Florida’s Hottest Zip Codes
About 115 South Florida communities are ranked among the top-15 percent of the nation’s hottest zip codes, Smoke said.

“There are 33,000 zip codes in the U.S. so to rank in the top 15 percent is impressive,” Smoke said at the 2015 Congress. “There is no question this South Florida market is hot in a lot of ways.”

The 33413 zip code of West Palm Beach ranked as the most sought-after area in South Florida based on supply on demand in South Florida, according to Realtor.com data. Broward County had six of the market’s 10 hottest zip codes.

Top-10 Hottest Zip Codes in South Florida:
Rank Zip Code Area Name County Hotness Index
1 33413 West Palm Beach Palm Beach 90.46
2 33026 Hollywood Broward 89.14
3 33073 Pompano Beach Broward 89.01
4 33028 Pembroke Pines Broward 87.51
5 33018 Hialeah Miami 86.04
6 33076 Pompano Beach Broward 85.83
7 33458 Jupiter Palm Beach 85.72
8 33406 West Palm Beach Palm Beach 85.42
9 33317 Fort Lauderdale Broward 85.25
10 33067 Pompano Beach Broward 85.03

Miami’s Diverse, Strong Economy Fueling Local Real Estate Market
Miami-Dade’s unemployment rate is on pace to dip below the U.S. average (5.5 percent) in 2016. Miami-Dade County’s unemployment rate has fallen consistently since the recession and currently sits at 5.9 percent, according to state figures.

Hedge funds, private equity, and venture capital companies are relocating to Miami because of its strong startup network, reputation for aggressive development and multilingual population. Personal finance website Wallet Hub recently ranked Miami as the second-fastest growing economy among large U.S. cities.

“There is no question Miami is becoming the financial capital of the southern hemisphere,” Smoke told 2015 Congress attendees.

With its multinational companies, cultural institutions and commercial developments, downtown Miami is one of the county’s top submarkets. Congress panelists discussed how downtown has become one of the fastest- growing residential districts in the U.S. Downtown

Miami boasts the highest concentration of cultural institutions in the Southeast, almost 400 restaurants and bars, and three under-construction megaprojects.

The 9-acre Brickell City Centre and the 27-acre Miami Worldcenter plan to bring major retail, residential and hospitality uses to downtown. All Aboard Florida aims to transform South Florida transit with rail connecting downtown Miami, Fort Lauderdale, West Palm Beach and Orlando.

Price Appreciation on the Rise
Miami-Dade had the fastest price appreciation year-over-year among South Florida counties in October 2015, Smoke said at the 2015 Congress. Miami saw a 22.2 percent growth in median list price compared to October 2014, according to Realtor.com data. The county’s median price is $396,000.

Top South Florida Zip Codes in terms of Price Appreciation:
County Zip Area Name Y/Y change Median Price
Broward 33060 Pompano Beach 37.9% $244,000
Martin 34996 Stuart 147.3% $989,000
Miami-Dade 33127 Miami (Wynwood) 100.0% $282,000
Palm Beach 33426 Boynton Beach 38.4% $191,000

South Florida is Top U.S. Destination for International Home Buyers
The Miami/Fort Lauderdale/West Palm Beach market is far and away the top U.S. metro for international traffic on Realtor.com. South Florida posted an international traffic index of 3,395, significantly higher than the 2,820 index from second-place Honolulu.

A look at the top-10 U.S. Metros for International Traffic, according to Realtor.com:

  1. Miami-Fort-Lauderdale-West Palm Beach
  2. Urban Honolulu
  3. Los Angeles-Long Beach-Anaheim
  4. Bellingham, Wash.
  5. Orlando-Kissimmee-Sanford
  6. Anchorage
  7. Kahului-Wailuku-Lahaina, Hawaii
  8. Naples-Immokalee-Marco Island, Fla.
  9. Las Vegas-Henderson-Paradise, Nev.
  10. Watertown-Fort Drum, N.Y.

South American, Canadian Interest
South Americans have long had an affinity for Miami real estate, and the latest Realtor.com data proves it. The Miami market receives four times more interest on Realtor.com from South America consumers than the U.S. average. About 23 percent of international interest in Miami comes from South America, according to Realtor.com. North America (35.4 percent), Western Europe (13.8), the Caribbean and Central America (8.7) and Northern Europe (7.7) comprise the remainder of the top-five destinations.

Among South Florida counties, Miami-Dade registered the most South American interest on Realtor.com, posting a 39.3 percent share. Broward and Palm Beach counties accounted for 29 and 19 percent, respectively. In Miami-Dade, zip codes

such as 33172 (Doral area) and 33178 (Doral area) boast up to 60 percent in international traffic from South American consumers, according to Realtor.com.

Canadians, meanwhile, are using Realtor.com to significantly search for Palm Beach County homes. Canadians represented 33 percent of Palm Beach’s international traffic on Realtor.com. The share increases close to 70 percent in Palm Beach zip codes such as 33062 and 33069 in Pompano Beach.

Print Version

Broward Events & Classes

Over 4,000 Seminars throughout South Florida

77% Included with your MIAMI Membership - "The Educated Choice" - Hundreds are Included with your MIAMI Membership - all are discounted only for MIAMI Members

Click here for Calendar of East Broward Classes

Click here for Calendar of West Broward Classes

Click here for Calendar of North East Broward Classes