Broward Council of the MIAMI Association of REALTORS

                                                                                                     

                

  • 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.
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  • 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,
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  • 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.
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  • 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.
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  • 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).
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  • 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.
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  • 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.
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  • 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.
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  • 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."
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  • 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.
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  • Colombia Tops Countries Looking for Miami Homes

    Feb 20, 2018
    Colombian consumers posted the most web searches among foreign countries for Miami homes in December, according to a new report by the MIAMI Association of REALTORS® (MIAMI). South Florida finished as the most-searched U.S. market by international consumers and is a top-five market for consumers in the world’s six largest regions, according to December data.
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  • Miami Single-Family Homes Post Fifth Biggest Sales Year in History

    Feb 13, 2018
    Miami recorded the fifth-most annual single-family home sales in county history in 2017 as total dollar volume and median prices rose at year-end and in 4Q 2017, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • MIAMI Realtors Releases New 2017 South Florida International Real Estate Report

    Feb 08, 2018
    Foreign home buyers spent more on South Florida homes and purchased more local residential properties in 2017 than the year before, according to the new 2017 Profile of International Home Buyers of MIAMI Association of REALTORS® (MIAMI) Members conducted by MIAMI and the National Association of Realtors (NAR).
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  • Jorge L. Guerra Jr. Elected 2018 MIAMI Realtors Residential President

    Feb 06, 2018
    The nation’s largest local Realtor association has elected Miami broker Jorge L. Guerra Jr. as its 2018 Residential President. He and the entire Board of Directors were installed Feb. 2 at the MIAMI Association of REALTORS® (MIAMI) 2018 Inaugural and Awards Celebration.
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  • MIAMI Realtors to Honor South Florida Real Estate Industry Leaders

    Feb 06, 2018
    he MIAMI Association of REALTORS® (MIAMI) will honor South Florida real estate’s industry leaders with its 2017 MIAMI Awards at its 2018 Inaugural & Awards Celebration today. “From educator of the year to humanitarian of the year to public policy advocates, the MIAMI Awards honors individuals and groups that made the real estate industry and all of South Florida a better place,” MIAMI CEO Teresa King Kinney said.
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  • Miami Native Brian Sharpe to Lead MIAMI Commercial Realtors

    Feb 06, 2018
    The Realtors Commercial Alliance of the MIAMI Association of REALTORS® (MIAMI) has elected Miami native Brian Sharpe as its 2018 president. He and the 2018 RCA Board of Governors were installed Feb. 2 at MIAMI’s 2018 Inaugural and Awards Celebration.
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  • MIAMI Realtors to Honor South Florida Real Estate Industry Leaders

    Feb 02, 2018
    The MIAMI Association of REALTORS® (MIAMI) will honor South Florida real estate’s industry leaders with its 2017 MIAMI Awards at its 2018 Inaugural & Awards Celebration today.
    Full story
  • George C. Jalil Elected to Lead Nation’s Largest Local Realtor Association

    Feb 01, 2018
    The MIAMI Association of REALTORS® (MIAMI) has elected Miami Broker George C. Jalil, RAA, TRC as its 2018 chairman of the board. He and the 2018 MIAMI leadership boards will be installed Feb. 2 at MIAMI’s 2018 Inaugural and Awards Celebration.
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  • Luxury Miami Home Sales Surge in December

    Jan 24, 2018
    Luxury Miami home sales posted double-digit gains and existing condominium transactions surged year-over-year in December, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system. Luxury ($1 million-and-above) existing Miami condo sales jumped 47.6 percent year-over-year, from 42 to 62. Luxury Miami single-family home sales rose 16.7 percent, from 60 to 70. Existing Miami condo sales increased 6.5 percent year-over-year in December, while single-family transactions stayed effectively even (down 0.7 percent).
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  • MIAMI Realtors Partners to Create Miami Shores’ New Community Destination

    Jan 12, 2018
    The MIAMI Association of REALTORS® (MIAMI) is partnering with several entities to host Party in the Plaza from 5-9 p.m. Saturday, Jan. 13 to celebrate Miami Shores' new pedestrian-friendly space, Plaza 98, at 9802 NE 2nd Ave. MIAMI, sponsors and volunteers recently painted 10 multi-colored, intersecting pineapples on Plaza 98's asphalt to create a new Downtown Miami Shores destination for community gatherings. All ages are welcome for Saturday’s free event
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South Florida Boasts 115 of Florida's Most Sought-After Zip Codes

by | Jan 06, 2016

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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.

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