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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From Beach Town to Arts Capital: Art Basel Miami Beach’s Impact on South Florida

by | Nov 28, 2016
Courtesy Art Basel

By Chris Umpierre
MIAMI Staff



From its colorful Wynwood murals to its shining new art museums to its hip Design District, Miami exudes art. You can’t go anywhere in this town without seeing this staple of Miami life.

Miami’s arts metamorphosis — most of which occurred in the last 15 years — has helped attract the world’s wealthy, fuel a modern skyline and transform a beach town into a top global city.

One of the catalysts for this new Miami began in 2002 when Art Basel, the Switzerland-based art fair, made Miami Beach its American home. Art Basel Miami Beach — the biggest contemporary-art fair in the United States and one of the largest in the world — showcases Miami every December in front of the world’s top collectors, gallerists, artists and industry professionals.

The 15th annual fair — which runs from Dec. 1-4 — is expected to field more than $3 billion in art, draw more than 77,000 visitors and attract more private jets (800) than the Super Bowl. Art Basel Miami Beach has shown the world Miami is an arts destination. Its popularity boosted local real estate as more international investors and homebuyers made Miami home. Art Basel’s popularity encouraged developers and local government to launch and fund new museums and cultural institutions.

Miami has shown how a city can market itself around culture. Arts create a sense of place, attract tourists and educate and inspire citizens to develop new ideas. In recent years, Miami has become known around the world for its cutting-edge building designs. Architects like the late Zaha Hadid choose the city.

The unique exoskeleton structure of Hadid’s 1000 Museum (a high-rise residential condominium under construction in Downtown Miami) and the concrete-and-glass, internationally acclaimed design of the 1111 Lincoln Road parking garage are two examples.


New museums such as the Pérez Art Museum Miami, the Institute of Contemporary Art Miami and the Patricia and Phillip Frost Museum of Science have been completed or are on their way.




The skyline has changed, too, as developers built high-rise hotels and luxury condominiums to accommodate the affluent international visitors who want to live, work and play here.



Miami’s Growing Cultural Infrastructure

The success of Art Basel Miami Beach has led to the development of The Miami Design District (a shopping destination dedicated to innovative fashion, design and art), Wynwood (a hip Miami neighborhood with more than 70 galleries, museums and collections), and a revitalized Downtown Miami (America’s fastest growing neighborhood that just so happens to be home to the most cultural institutions in the Southeast).


Downtown’s two largest art institutions: The Adrienne Arsht Center for the Performing Arts and the Pérez Art Museum Miami (PAMM) opened after Art Basel Miami Beach’s first show in 2002. The Arsht Center (2006 opening) is Florida’s largest performing arts center. PAMM (2013 opening) is a modern and contemporary art museum.

The Arsht and PAMM are located adjacent to each other at Museum Park in Downtown Miami. The centers will soon get a third arts destination when the Patricia and Phillip Frost Museum of Science opens at Museum Park in early 2017.

Frost isn’t the only new art museum under construction. The Institute of Contemporary Art Miami’s new permanent 37,500-square-foot Design District home is nearing completion.

Cities throughout South Florida are also adding to the region’s cultural infrastructure. North Miami has the Museum of Contemporary Art, North Miami. Miami Beach has the Bass Museum of Art. Coconut Grove has the Vizcaya Museum & Gardens. Fort Lauderdale has the Museum of Discovery & Science. The Miami Children’s Museum and Coral Castle Museum are two other cultural institutions.


The Fair



Some of the biggest art deals in the world are made at Art Basel Miami Beach. Celebrities such as Leonardo DiCaprio, Tommy Hilfiger and Sean “Diddy” Combs arrive each year to get a chance to look at some of the best pieces of art in the world.


Works by Jeff Koons, Andy Warhol, Picasso and so many more artists are on display. At last year’s fair, a New York dealer sold Picasso’s Buste au Chapeau (1971) for $10.5 million.

The fair opens with invitation-only dates (Nov. 30-Dec. 1). Major art deals happen. Then the fair opens to the public for four days (Dec. 1-4).


There is no VIP section. Anyone can buy a ticket. Families are allowed. Tickets cost $50. Children under 12 are free. It is a unique scene. Few other places in the world offers the public the ability to see work by Picasso and Warhol so close.

Miami Art Week will also feature 22 satellite fairs in close proximity to Art Basel at the Miami Beach Convention Center.


Art Miami, a 27-year fair, now takes place in December to take advantage of the Art Basel phenomenon. Art Miami will have 280 galleries in three locations across midtown and South Beach.


The Youth



The Miami arts phenomenon and growth of Art Basel Miami Beach has also had an indelible impact on Miami’s youth through the years.

Art Basel donates fair passes each year to hundreds of high school students in the Miami-Dade County Public Schools District. Walking in step with Miami’s art phenomenon, MDCPS offers acclaimed visual arts education.  


“One thing that gets missed with Art Basel is the enthusiasm that it generates in our children, in our youth,” Douglas Elliman Florida CEO Jay Parker said during the MIAMI Association of REALTORS® (MIAMI) 22nd annual International Real Estate Congress in November.

“I think the arts are the way of the future. I think making our city a showcase and a spotlight for every type of visual art you can imagine really invigorates and gives our children an opportunity to dream big and look for creative ways to present their ideas.”


From its youth to its skyline to its museums to its neighborhoods, the arts have redefined Miami. No longer is Miami a beach town. It’s a top global city where art and artists are educational, fun, welcoming and enriching.

Photos courtesy Art Basel

 

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