Broward Council of the MIAMI Association of REALTORS

                                                                                                     

                

  • Total Miami Home Sales Jump Double Digits in August 2018

    Sep 20, 2018
    Total Miami-Dade County home sales surged 13.3 percent year-over-year in August with single-family homes and condominium markets posting double-digit gains as total luxury sales, median prices and dollar volume increased, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • Colombia Continues to be Top Country Searching for Miami Homes

    Sep 17, 2018
    Colombian consumers registered the most international web searches for Miami homes in June, according to a new report by the MIAMI Association of Realtors (MIAMI). Colombia registered 12 percent of all international searches on MIAMI’s portal, www.MiamiRealtors.com, in June 2018. Colombia has led the rankings for seven consecutive months.
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  • MIAMI Realtors Showcase South Florida Real Estate at Brazilian Convention

    Sep 14, 2018
    The MIAMI Association of REALTORS® (MIAMI) promoted South Florida real estate at one of Brazil’s largest real estate events, the Secovi-SP Convention, on Aug. 26-28 in São Paulo. Secovi-SP, Latin America’s largest trade union, was MIAMI’s first of 178 foreign partner associations worldwide.
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  • JTHS-MIAMI Realtors Raises Money for Palm Beach’s Center for Child Counseling

    Sep 13, 2018
    The Young Professionals Network of the Jupiter-Tequesta-Hobe Sound Council of the MIAMI Association of REALTORS® (JTHS-MIAMI) donated about $7,560 to the Center for Child Counseling in Palm Beach Gardens from proceeds raised from their annual Battle of Bartenders event.
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  • South Florida Office Dollar Volume Surges in 2Q 2018

    Sep 04, 2018
    South Florida office dollar volume rose to its highest value in the past three quarters, according to the new 2Q 2018 The Quarterly Report – South Florida Commercial Real Estate released by data firm Vizzda (Visual Data) and the MIAMI Association of Realtors Commercial (MIAMI Commercial).
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  • Miami Existing Condo Sales Continue Upward Trend in July

    Aug 22, 2018
    Miami-Dade County existing condominium sales increased year-over-year for the fifth time in the last seven months as median prices rose for all properties in July 2018, 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 to Exhibit at Colombia’s Largest Real Estate Expo

    Aug 09, 2018
    The MIAMI Association of REALTORS® (MIAMI) will again promote South Florida’s lifestyle and real estate market at Colombia’s largest property showcase, El XII Gran Salón Inmobiliario – Feria Internacional, starting today through Sunday, Aug. 12 in Bogotá, Colombia. MIAMI will make a South Florida market presentation at the 13th annual expo, which is expected to attract 30,000 visitors and 200 exhibitors.
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  • Miami Condominium Sales Rise in 2Q 2018

    Aug 08, 2018
    Miami-Dade County existing condominium sales surged 5.6 percent in 2Q 2018 as median prices for all properties rose for the 26th consecutive quarter, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • JTHS-MIAMI Realtors Collect School Supplies for Boys & Girls Clubs of Palm Beach County

    Aug 06, 2018
    The Jupiter-Tequesta-Hobe Sound Council of the MIAMI Association of REALTORS® (JTHS-MIAMI) collected $800 worth of school supplies for Boys & Girls Clubs of Palm Beach County children during its annual school supply drive.
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  • Colombia Continues to be Top Country Searching for Miami Homes

    Jul 24, 2018
    Colombian consumers registered the most international web searches for Miami homes in April, according to a new report by the MIAMI Association of REALTORS® (MIAMI). Colombia registered 12.2 percent of all international searches on MIAMI’s portal, www.MiamiRealtors.com, in April 2018. Colombia has led the rankings for five consecutive months.
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  • Luxury Sales Continue to Rise while Limited Supply in Lower Price Points Results in Fewer Sales, Increased Prices

    Jul 23, 2018
    Miami-Dade County luxury real estate sales continue to increase while lower price points experience strong demand and limited supply, resulting in price increases countywide, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • 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.
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  • 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
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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Miami is Expanding, Improving its Rail Options

by | Jan 04, 2017

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Home to Florida’s only heavy rail rapid transit system, Miami already offers residents and tourists a 25-mile Metrorail connecting South Miami, downtown and the airport. The popular Miami Metromover —smaller, fully-automated trains — links downtown’s cultural art institutions to Brickell, the area’s epicenter for international banking.

With the future in mind — millennials or those between 18-to-34 prefer to take trains versus driving cars, according to various studies — Miami has plans to improve and expand its rail. From the $3.1 billion under construction All Aboard Florida rail system connecting downtown Miami to Orlando to the potential Bay Link Project linked Miami Beach to the mainland, South Florida residents have plenty to be excited about.

South Florida, one of the world’s top cities, even more attractive to the next generation. At 95 million, millennials are already the largest generation alive. By 2025, millennials will comprise the vast majority of the U.S. workforce. Catering to millennials’ preferences for rail and effective transit options will be critical in attracting and retaining top talent in the coming decades.

Miami Rail Ridership Strong
Ridership on Miami’s Metrorail system stands at 75,000 daily, according to Miami’s department of transportation and public works department. Those are strong numbers for a Metrorail system that opened in May 20, 1984.

The Metrorail saw a 10.56 percent increase in ridership between 2012 and 2013, according to the American Public Transportation Agency (APTA). About 21 million trips were taken through the heavy-rail transit system in 2013.

Miami Metromover ridership is also strong. The fully-automated trains transport almost 10 million passengers around the downtown and Brickell neighborhoods each year. The Metromover is popular with tourists, students, attorneys and more.

Orange Line to the Airport
In July 2012, the county completed construction of the Metrorail Orange Line to Miami International Airport. It was a 2.4-mile project that cost $506 million and took about three years to build. The line allows residents and tourists to take the metro from downtown to the airport.

Popular with airport workers and international travelers, the line starts and ends at Metrorail’s newest station, a state-of-the-art facility with digital screens announcing train and flight schedules.

New Miami Metrorail Trains on the Way
Miami is using surtax funds of $375 million to buy a new fleet of Metrorail cars. Hitachi Rail USA will build 136 cars at its Miami factory to replace Miami-Dade County’s Metrorail fleet. The first new vehicles are scheduled go into service in late 2017, Hitachi said.

The new cars will be equipped with the “latest technology that will offer transit customers improved reliability and customer service.”

South Miami-Dade Pushing for Light Rail

In late March, leaders of Homestead, Palmetto Bay and other suburban cities gathered for a meeting to insist Miami-Dade agree to fund a study on how to build light rail along a current 20-mile busway. The Metrorail’s most-southern stop is Dadeland Mall. The South Dade Busway, a 20-mile stretch of highway reserved for busses, currently runs from Dadeland to Florida City.


All Aboard Florida Project
All Aboard Florida is a sizable project in the works. The $2.5 billion project, a high-speed passenger rail linking downtown Miami to Orlando, is expected to remove up to 3 million cars from Florida’s roads and attract 14,000 riders a day by 2020.

The privately owned and operated line plans to run 16 round-trip trains a day between Miami and Orlando, with stops in Fort Lauderdale and West Palm Beach, covering the 235-mile route in about three hours. Service will start with five four-car trains carrying up to 240 passengers each.

Downtown’s growing population is a chief impetus for the development. The number of downtown residents grew from 40,000 to 80,000 from 2000 to 2015, according to the Miami Downtown Development Authority. Most of the growth is coming from millennials. Residents ages 25 to 44 comprise half of the downtown’s population.

Potential Bay Link Project to Connect Miami Beach to the Mainland
Miami officials are also working on a massive project to link Miami and Miami Beach with rail.

In February of this year, the long-delayed Bay Link project won a key approval when a board of local officials agreed to pursue the massive project in two parallel plans. Miami Beach is working on a project after it received a proposal from French rail company Alstom. The city is doing an environmental analysis while using the Alstom bid to collect proposals from other firms.

Connecting South Florida with Rail
South Florida’s increasing rail options will only make the region more attractive to millennials and national companies looking to relocate here.

Millennials prefer trains and light rail to cars, according to studies. Uber, Zipcar, public transit are the modes of transportation. Only half of millennials get their driver’s licenses at 18.
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