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.
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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 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.
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  • 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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Miami is Home to World-Class Tennis Every Spring

by | Apr 05, 2017
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Tennis is an international sport played by every country on this globe, so it’s apropos a city as diverse and welcoming as Miami hosts a major tournament. The Miami Open, which is in its 32nd year at the picturesque Crandon Tennis Center on Key Biscayne, boosts every sector of Miami, including real estate, as it attracts thousands of fans from all over the world.

The tournament, which is played over two weeks in late March, has introduced many fans to Miami’s resort lifestyle and awe-inspiring beauty while boosting the local economy. Consider: the Miami Open has an annual economic impact of nearly $390 million. It draws more than 300,000 spectators and is responsible for more than 14,000 hotel rooms.

Its impact overseas might be more significant. The tournament is televised internationally, showcasing Miami’s sunny weather and skyline. About 90 domestic hours of TV broadcast the tournament and 190 countries broadcast 8,000 hours of total TV coverage overseas, according to tournament officials.

Key Biscayne, where the tournament is played, is an idyllic location. Fans must travel over the Rickenbacker Causeway, which connects Miami to Key Biscayne. Views of boats, beaches, runners, bicyclists and Miami’s skyline adorn your view as you travel the causeway.

Miami Open’s Diversity is a Perfect Match for Miami
The 2017 Miami Open has players from 44 different countries, an illustration of tennis’s incredible diversity. Players come from countries such as Korea, Tunisia, Serbia, Argentina, Japan, Latvia, Portugal, Bulgaria, Sweden, Slovakia, Spain and more.
                                                      
Miami, meanwhile, is America’s most international city with 51 percent of residents foreign born, according to the U.S. Census.

Miami-Dade/Broward/Palm Beach metro area surpassed six million residents for the first time in 2016.
                 
Of the 500,000 new residents who moved to the Miami, Broward, Palm Beach metro area over the last five years, about 65 percent (335,000) came from other countries, according to U.S. Census data.

Miami’s Growth Prompts a Change in Tournament Name
The tournament had been called the Sony Open for years, but officially changed its name to the Miami Open in August 2014. Officials made the change because of Miami’s growing brand around the world.
The annual event on Key Biscayne will keep the name until at least 2019, according to Latin American bank Itau which took over as the event’s presenting sponsor.
“Leveraging the Miami brand is a great effort to strengthen Miami’s reputation as an epicenter for sport and entertainment,” Andrea Pinotti Cordeiro, Itau Unibanco’s Institutional Marketing Director, said at the time.

Tennis is Just a Part of Miami’s Professional Sports Scene
International home buyers want world-class entertainment, and Miami’s three major sports squads are providing it in new or relatively new venues. The NBA’s Miami Heat, Major League Baseball’s Miami Marlins and NFL’s Miami Dolphins have each won championships and gained international recognition.

Major professional sports do more for a city than just instill civic pride. Sports brand a city globally, attract new residents and fuel commercial investment. Take the story of the 2012 and 2013 LeBron James-led Miami Heat NBA championship teams.

The “Big Three” (LeBron, Dwayne Wade and Chris Bosh) shined the already hot spotlight even brighter on Miami. The Heat’s run to four consecutive NBA Finals led to more TV coverage and more exposure. Miami’s breathtaking skyline and beaches were shown nightly during games. Those same shots aired in many international countries, including China, as the NBA is America’s most global game.

The Heat sold out every game during LeBron’s run, but a more impressive feat happened outside of American Airlines Arena in Downtown Miami. The economic impact of the Miami Heat and the area totaled $1.4 billion a year, according to a Miami Downtown Development Authority study.

Downtown Miami’s resurgence was underway when LeBron signed with Miami in 2010, but his success helped encourage residents, business owners and developers to relocate or do more business in Miami.

Today, Downtown Miami has more than doubled its population to 80,000 in the last decade. Realtor.com named Downtown Miami as the nation’s fourth-fastest growing neighborhood. Downtown cultural institutions like the Adrienne Arsht Center for the Performing Arts and the Perez Art Museum are attracting new residents and businesses.

Downtown now features more than 392 restaurants and bars and improved public transit. All Aboard Florida, a new Downtown Miami-to-Orlando passenger train, is being built and will include 163,000 square feet of commercial and retail space in downtown. The $1.05 billion Brickell City Centre, which opened recently, and the $1.7 billion Miami Worldcenter have arrived or are on their way.

Major League Soccer coming to Miami?
Legendary soccer player and global icon David Beckham is planning to build a new, 25,000-seat Miami stadium for a new Major League Soccer expansion team. Multiple reports say the team may begin playing in 2019.
Soccer, of course, is the world’s most popular sport. According to FIFA’s most recent Big Count survey, there are 265 million players actively involved in soccer around the world, roughly about 4 percent of the world’s population.
Soccer is a perfect fit for South Florida as the region is an international melting pot with many residents coming from countries where fùtbol is a national passion. In addition to its diverse community, South Florida has direct access to Europe and Latin America and annually ranks among the highest rates of TV soccer viewership in the United States.

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