Broward Council of the MIAMI Association of REALTORS

                                                                                                     

                

  • MIAMI Commercial & Expo to Explore Industry Trends and Opportunities

    Oct 17, 2018
    The MIAMI Association of Realtors Commercial (MIAMI Commercial) will present its 18th annual Commercial Conference & Expo on Friday, Oct. 19 at the Biltmore Hotel in Coral Gables. Five panels and sessions with more than 15 speakers will analyze the latest trends and opportunities in the South Florida commercial real estate market.
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  • MIAMI Realtors to Showcase South Florida Real Estate at Paris Expo

    Oct 11, 2018
    The MIAMI Association of REALTORS® (MIAMI) along with partner association FNAIM Gran Paris will again promote South Florida’s lifestyle and real estate market at one of France’s largest property showcases, Salon National de L’Immobilier, on Oct. 12-14 in Paris. MIAMI will make several South Florida market presentations at the expo, which is expected to attract 7,000 visitors and 70 exhibitors.
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  • Delegates from Six Countries Confirmed for MIAMI International Real Estate Congress

    Oct 10, 2018
    Delegates from six foreign countries have confirmed their participation for the 24th annual MIAMI Association of REALTORS® (MIAMI) International Real Estate Congress on Oct. 28-30 at the Biltmore Hotel. MIAMI will announce more participating countries soon as it prepares to host the international real estate event of the year, attended by more than 300 real estate professionals.
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  • 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 is Second-Hottest U.S. City for Millennials

by | Jun 15, 2017



By Chris Umpierre
MIAMI Staff

Diverse employment opportunities, a thriving downtown, walkable neighborhoods, state-of-the-art museums and top entertainment venues make Miami the second-most desired U.S. city for millennials, according to a 2017 Realtor.com study.

The study, which analyzed 60 large U.S. cities, is significant because millennials are America’s largest generation with enormous purchasing power. The 25-to-34-year olds comprise the largest percentage of home buyers (34 percent) in the United States, according to the National Association of REALTORS® (NAR). Millennials make up 64 percent of first-time home buyers today and will factor significantly in real estate for decades.

 

Employment opportunities

All-year sunny weather isn’t the only reason millennials are attracted to Miami. The area boasts a diversity of job opportunities and a top-ranked startup culture.

Millennials moving to Miami can work in one of the nation’s top tourism industries, banking, international trading, real estate, technology, construction and more.

The Miami-Fort Lauderdale area ranks No. 1 among the 40 largest metro areas in the U.S., according to a new study of startup activity by the Kauffman Foundation. Miami sees the nation’s highest rate of new business entrepreneurs and startup density.

 

Walkable Neighborhoods

Millennials love walkability, according to many studies. Miami is the fourth-most walkable city in the United States, according to the 2017 ranking by Walk Score.

Downtown Miami, which is home to the free Metromover in addition to Miami’s 25-mile Metrorail, is one of the area’s most walkable neighborhoods.

The walkability and access to cultural institutions such as Downtown’s Adrienne Arsht Center for the Performing Arts, the Phillip and Patricia Frost Museum of Science and the Pérez Art Museum Miami (PAMM) have helped attract many millennials to Downtown. Downtown Miami, which has added many bars and nightlife options in recent years, was recently ranked as America’s fourth-fastest growing neighborhood, according to Realtor.com.

Downtown Miami’s projected five-year household growth is 14.9 percent, according to Realtor.com

New high rises, multi-family homes and condominiums in other Miami neighborhoods like Wynwood, Midtown, Brickell, South Beach and Coconut Grove have helped increase Miami’s walk score to 79.2, according to Walk Score.

 

Art & Culture

In addition to walkability, millennial home buyers are in search of cultural institutions. Miami has dramatically added to its art and cultural offerings in recent years.

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.

Downtown Miami is home to two new state-of-the-art museums. The Perez Art Museum Miami (PAMM) and the Philip and Patricia Frost Museum of Science sit adjacent to each other in Museum Park along Biscayne Bay. The museums are accessible via the Metrorail and Metromover.

South Florida offers a host of other museums. A partial list includes the Viscaya Museum and Gardens, HistoryMiami, the Wolfsonian, Coral Gables Museum, the Museum of Contemporary Art North Miami (MOCA) and the Bass Museum of Art.

If that’s not enough, Miami is also home to Art Basel Miami Beach, the biggest contemporary-art fair in the United States and one of the largest in the world.

Art Basel Miami Beach fields more than $3 billion in art, draws more than 77,000 visitors and attracts more private jets (800) than the Super Bowl.

 

Entertainment Venues

Millennial home buyers are in search of quality entertainment and Miami’s South Beach nightlife is known around the world.

But there is more to Miami entertainment than just South Beach.

The Adrienne Arsht Center for the Performing Arts in Downtown Miami, for instance, hosts some of the world’s top acts. The Arsht Center opened in 2006 as the country’s second-largest performing arts center (after New York City’s Metropolitan Opera House).

South Florida is also home to American Airlines Arena, Hard Rock Stadium, Marlins Park and the BB&T Center. They each host major concerts all year. Miami is also the site of Urban Beach Week and other music events.

 

Miami Music Week, held in the last week of March, is one of the world’s most recognized electronic music events. Every year, hundreds of thousands of people from across the globe come to Miami to listen and dance to some of the world’s best DJs.

The always sold-out Miami Music Week is a boom to local businesses, hotels, downtown and more. Young Miami Music Week attendees pay for tickets, ranging from $300 to $1,250. In 2016, more than 1,180 artists performed at 260 events hosted at 78 venues.

The grand finale of Miami Music Week is the Ultra Music Festival, which is known as the world’s premier electronic music festival. The award-winning outdoor event is attended each year by 165,000 fans from 90 countries over three days.

All of these factors coupled with a 5.1 percent unemployment rate make Miami a top destination not just for millennials but all home buyers.

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