Miami's 87th International Non Stop Flight will Contribute somehow to More Real Estate Buying Activity

Miami’s 87th International Direct Flight will Be to Doha Qatar

Miami has evolved into a much more multifaceted and cosmopolitan metropolis leaving behind the days when it was nothing else than a vacation resort or winter shelter.  Immigration and Urbanization have been key players in making Miami a Global city.  In the Greater Miami area, nearly 60% of all sales last year were to buyers from overseas and for sales of newly built condos downtown, that figure jumps to 90%. These figures are a clear indicator of the increasing move of Immigrants as well of the growing interest of international investors in Miami.  Airlines are aware of this massive immigration and transit of International visitors to our area and they are adjusting their flights according to the trends they see.

Natascha Tello, 
2013 Chairman of the Board of the 
Miami Association of REALTORS® published this article oh how these new international flights will in its turn contribute to the increase of international real estate activity in Miami.  

The recent announcement that Qatar Airways will be offering four weekly direct flights between Miami and Doha is yet another sign of Miami's position as a world-class, global city and as a premier destination for international travelers and real estate buyers and investors. Direct flights are an excellent indicator of future real estate buying activity, as buyers are more likely to purchase property in an area if there are direct flights from their home city.

Starting June 1, 2014, passengers can enjoy a direct flight to Qatar, the oil-rich Persian Gulf state, from Miami International Airport (MIA). The airport, the nation's second busiest hub for international flights after New York's JFK with 19.4 million passengers last year, already offers 86 direct flights to destinations around the world.

Eighty-six International Non-Stop Flights
 Doha will become Miami International Airport's 87th non-stop international destination and its first direct Middle East flight in five years since El Ai cut its Miami-to-Tel Aviv route in 2008. Of the current 86 non-stop international flights, most of them are to Latin America, serving nearly every major city across Central America, South America, the Caribbean and Mexico. Among the major cities served by Miami International Airport's 25 direct flights to South America are Ecuador, Colombia, Venezuela, Argentina, Brazil, Peru, and Chile.

Miami International Airport also offers 10 direct flights to and from many Central American cities, including Belize City, Guatemala City, Liberia, Costa Rica, Managua, Panama City, Roatan, San Jose, San Salvador, and Tegucigalpa. Direct flights to Mexico include Merida, Mexico City and Cancun.

With 33 destinations, the airport's largest share of direct international flights are to the Caribbean, including Bahamas, Dominican Republic, Jamaica, Cuba, Martinique, Puerto Rico and the US Virgin Islands.

MIA also offers 13 non-stop flights to Europe and Russia, including Barcelona, Moscow, Berlin, London, Rome, and Zurich.

Coming Soon. . . Asia?
 While MIA presently does not offer non-stop flights to Asia, technological advances and demand are expected to soon bring direct travel to Asia from Miami.

Watch soon for information on the agreement between the Miami Association of Realtors and the Dubai Real Estate Institute.

Call me now to schedule a complete presentation of any project in Miami. Please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.com 

To Buy, Sell or Rent Properties in Miami go to http://www.JuanSolerRealtor.com

Miami Condos Median Sales Price Rose 26.6% In Q3 Vs Q2 2013

Miami Condos Median Sales Price Rose 26.6% In Q3 Compared to Q2 2013 

 The Miami Association of Realtors in its 3Q Miami-Dade Statistical Reports the steady increase in listings, sales and prices for single family homes as well as condos. 

Median and Average Sales Prices Continue to Rise
 In the third quarter, the median sales price for homes in Miami-Dade County was $230,000, an increase of 21.3% compared to last year and 12% relative to the previous quarter.  The median sales price for condos rose 26.6% to $183,600 in the third quarter compared to the second quarter of 2013. Third quarter price increases mark seven (7) quarters of increases for both single-family homes and condominiums. In addition, compared to last year, the average sales prices for single-family homes and condominiums increased 8.1% to $381,517 and 19.3% to $329,418, respectively. “Despite more new listings coming on the market, supply remains tight, particularly for properties in lower price points, for current level of demand for Miami properties,” said 2013 MIAMI Association of REALTORS Residential President Fernando I. Martinez.  “Robust sales will continue to drive price appreciation in the Miami market.”

Nationally, the median sales price of existing single-family homes was $207,300 in the third quarter, up 12.5 percent from the third quarter of 2012.  The national median sales price for condominiums was $205,400, a 15.1 percent increase over the previous year. 

The statewide median sales price for single-family existing homes in the third quarter was $175,000, up 18.6 percent from the same quarter a year ago. The median sales price for condominiums in Florida was up 23.8 percent compared to the same quarter last year at $130,000.

The MIAMI Association of REALTORS was chartered by the National Association of Realtors in 1920 and is celebrating 93 years of service to Realtors, the buying and selling public, and the communities in South Florida.  Comprised of four organizations, the Residential Association, the Realtors Commercial Alliance, the Broward County Board of Governors, and the International Council, it represents more than 30,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage.  It is the largest local association in the National Association of Realtors, and has partnerships with more than 100 international organizations worldwide.  MIAMI’s official website is www.miamire.com

Call me now to schedule a complete presentation of any project in Miami. Please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.com 

To Buy, Sell or Rent Properties in Miami go to http://www.JuanSolerRealtor.com

Miami Home Sales Increased 21.2% in Q3 2013

Posted on 11/18/2013 to General

Miami Home Sales Increased 21.2% in Q3 2013

As reported by The Miami Association of Realtor home sales keep increasing during the third quarter. Increased Demand for Homes and Condos while Median Prices Soared by Double Digits.

Miami, FL – Following record breaking sales activity for nearly three years, the Miami real estate market saw unprecedented growth in the third quarter of 2013 as demand for local real estate and limited supply continue to fuel double-digit growth in prices. 

Sales, Listings of Homes and Condos Grew
 In Miami There were 8,027 homes and condos sold in Miami-Dade County during the third quarter of 2013. This represented a significant 21.2% and 8.7% increase in the sales of homes and condos, respectively, compared with the same period in 2012. The growth in home sales was driven by a remarkable 89.5% increase in home sales $250,000 to $299,999 and a 67.7% growth in sales $600,000 to $999,999 when compared to the same time in 2012. Meanwhile, condo sales were driven by the 50.8% growth in condo sales $250,000 to $299,999 and a similar surge of 46.9% in condos $400,000 - $599,999 relative to the third quarter of last year.  “The surge in sales of Miami homes and condos is driven by a robust demand for real estate from international buyers from worldwide markets – and large numbers of U. S. buyers from other states,” said 2013 Chairman of the Board of the MIAMI Association of REALTORS Natascha Tello. “The third quarter statistics reflect a significant strengthening of our local real estate market with more homes being sold faster than last year.”  

Nationally, total existing-home sales, including single-family and condos, rose 5.9 percent to a seasonally adjusted annual rate of 5.36 million in the third quarter from 5.06 million in the second quarter, and were 13 percent above the 4.74 million pace during the third quarter of 2012, according to the National Association of Realtors.  

Statewide closed sales of existing single-family homes totaled 60,661 in the third quarter, up 17.3 percent compared to the year-ago figure, according to the latest housing data release by Florida Realtors.  Closed sales of condominiums totaled 27,200, up 11.3 percent compared to 2012.

The Miami Association’s initiatives to increase inventory and focus on assisting members to get more listings has made progress along with some additional distressed properties coming on the market.  Home and condo listings also grew by double digits in the third quarter. There were 5,937 new single-family home listings during Q3, a growth of 15.3% relative to the same period last year. Meanwhile, new condo listings were stronger with an increase of 20.5% from 6,872 in Q3 2012 to 8,282 this year.

Call me now to schedule a complete presentation of any project in Miami. Please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.com 

To Buy, Sell or Rent Properties in Miami go to http://www.JuanSolerRealtor.com

Miami the Sixth Most Sought-After City of the Most Demanding Clients

Miami the Sixth Most Sought-After City By the Wealthiest People

Miami is the 6^th most sought after city by the wealthiest people in the world according to real estate consultancy Knight Frank. In this article published by Forbes, Knight Frank made some predictions of changes in the next decade but as today this is the how the 10 preferred cities of the most demanding real estate clients are ranked.  The above picture is a rendering of the future 1000 Museum that is already bringing wealthy residents to this world class building that will be under construction next year.

1. London

2. New York

3. Hong Kong

4. Paris

5. Singapore

6. Miami

7. Geneva

8. Shanghai

9. Beijing

10.  Berlin

Call me now to schedule a complete presentation of any project in Miami. Please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.com 

To Buy, Sell or Rent Properties in Miami go to http://www.JuanSolerRealtor.com

  

New Yorkers Outspending the Latin Buyers in Miami Luxury Real Estate Market

New Yorkers Outspending the Latin Buyers in Miami Luxury Real Estate Market

I found this article by Samantha Joseph in Miami Today and decided to share in my blog since it is a fair reflection of some of the existing dynamics of the luxury Miami real estate market. As you read the article you realize it is a description of events that already took place or are currently developing and not just a mere opinion.  Here is the article.

New Yorkers now top spenders for Miami homes

New Yorkers are emerging as the darlings of local real estate. Accustomed to expensive property and wanting to escape state taxes, they’re outspending other buyers to set up a local home base.

“They’re now competing with the South Americans, and in a lot of the cases the New Yorkers are willing to pay more,” said Helen Jeanne Nicastri, the previews international specialist at Coldwell Banker who this year sold actress Rosie O’Donnell’s $16.5 million Star Island house to a New Yorker.

“That’s how they’re getting into the market. Previously it was the South Americans who were willing to pay more than the locals,” she said. “The prices we are offering here are substantially lower than what they are used to paying in New York and other cities.”

Local property values have been a major draw to American homebuyers in the past three years, said Ron Shuffield, president and CEO of Esslinger-Wooten-Maxwell Realtors.

“When you compare with other world centers we are a fraction of the cost. You can literally buy three or four of our Brickell Avenue condos for the price of one in New York,” he said.

That’s why New York has become the area’s leading feeder market, accounting for about 15% of luxury real estate sales this year – up five percentage points in the past 12 months, said Jeff Morr, CEO and founder of Majestic Properties, and chairman of the Master Brokers Forum, a group whose members have reached $5 million in annual sales.

“They’re coming from a more expensive market, so they can deal with the prices better than someone from a low-value area of the country,” he said. They’re dealing better too than buyers from other countries.

Howard Lorber says brokerage Douglas Elliman had initially geared its luxury oceanfront Miami Beach condominium sales to international buyers. But the $2.5 million to $50 million price tag for condos at Faena House made him think the project would be better suited to a different market. “I was right. When you look at all the people who have bought, they are all New Yorkers,” he said last week at the Urban Land Institute’s Miami Condo Market Symposium.

With deep pockets and low sensitivity to high real estate prices, these Americans are outspending their Latin counterparts. “Who else but a New Yorker would think $3,000 per square foot is cheap?” said Mr. Lorber, CEO of Vector Group Ltd. and chairman of Douglas Elliman.

“A lot has been made about the importance of the international buyer, but the phenomenon now is redefining the relationship between Miami and New York,” said Jonathan Miller, president and CEO of Miller Samuel Inc., a real estate appraisal and consulting firm. “In some ways, Miami competes with The Hamptons.”

Part of the willingness to spend comes from a desire to avoid rising state income taxes that have top earners parting with huge chunks of their earnings. “If you earned $1 million in New York and paid 12% combined state and city income taxes, that’s $120,000,” said Mr. Morr. “If you’re able to homestead in Miami and not pay those taxes, that would buy you a $1.5 million house.” How? The cost of finance a $1.5 million house with taxes, insurance and mortgages is about $10,000 per month or $120,000 a year. “You’d have a free house,” he said. “With the money you’d save by living in Florida, you could live in a $1.5 million house.”

Some states are looking to rein in citizens looking to avoid income tax, but Florida has long been an attractive haven for such dollars. And with a thriving urban art scene that includes ballet, new museums and cultural festivals, marketers say Miami-Dade is in sync with “the New York state of mind.” “These buyers are following in the footsteps of their grandparents who also came here, but now it’s different,” Ms. Nicastri said. “The earlier group came to retire, but this crowd is coming to play.”

The market’s not only attracting native New Yorkers, it’s also drawing wealthy part-time residents of the northeastern metropolitan area. “They’re adopting the same lifestyle,” Ms. Nicastri said. “They’re adding Miami to New York. And Brazilians who come here also adding New York [real estate], so it’s going both ways. New York has become a very important market for us.” But with brokers reporting a 25% spike in purchases from New Yorkers, Mr. Shuffield said, “The big story is the return of the American buyer to Miami.”

Call me now to schedule a complete presentation of any project in Miami. Please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.com 

To Buy, Sell or Rent Properties in Miami go to http://www.JuanSolerRealtor.com

Every Single Unit Will Boast a Water View at Biscayne Beach Miami

The Best of the City & the Beach at Biscayne Beach Miami

100% of the units will boast a water view, including the first floor residences.

Quick Facts about Biscayne Beach

Neighborhood: East Edgewater Miami Florida.

Biscayne Beach condo Location: 711 NE 29th Street, Miami, FL 33137 (East Edgewater neighborhood)

Developer: Eastview Development and GTIS Partners

Architect: WHLC Architecture/BC Architects

Construction will get underway: first quarter of 2014

Estimated Completion: Early 2016

Number of Story: 51

Number of Units: 399

Number of bedroom: 1, 2, 3 and penthouses

Biscayne Beach Available Units for Sale: Yes

Biscayne Beach condo unit size Floor plans: From 885 to 3,789 sq.ft

Biscayne Price Range: $450,000-$3,500,000+ * See more details below.

 

To learn more about the Building Features, Residence Features, Amenities & All Details about Biscayne Beach and to download a brochure go to:

 http://www.JuanSolerRealtor.com/info/about/biscayne-beach-edgewater/

Price Range as of Nov. 2013

*Prices and availability subject to change without notice

1 Bed Units

1A, 08 Line, 1 bed/ 2 bath + den, 885 sq ft, from $446,900

1B, 09 Line, 1 bed/ 2 bath + den, 962 sq ft, from $475,900

1C, 06 Line, 1 bed/2 bath+ den, 967 sq ft, from $577,900

2 Bed Units

2A, 01 Line, 2 bed/2bath, 1203 sq ft, from $571,900

6^th floor 2A, *14ft ceilings, from $593,900

Podium 2A, 1125 sq ft, from $475,900

2B, 03 Line, 2bed/3 bath +den, 1273 sq ft, from $915,900

Podium 2B, 2/2.5+den, 1360 sq ft for $722,900

Podium 2C, 2/2.5+den, 1269 sq ft for $713,900

2C, 05 Line, 2 bed/ 3 bath+ den, 1276 sq ft, from $908,900

Podium 2D, 2/2.5+den, 1117 sq ft, from $551,900

2D, 04 Line, 2 bed/2 bath, 1241 sq ft, from $814,900

3 Bed Units

3A, 02 Line, 3 bed/4bath+den, 1863 sq ft, from $995,900

3B, 07 Line, 3 bed/4bath+den, 2103 sq ft, from $1,129,900

Podium 3B, 2/3+den, 1693 sq ft, $829,900

Podium 3C, ¾+den, 2579 sq ft, $1,279,900

PentHouses from $2,200,000

Schedule for Buyer’s Deposits:

10% at Signing of Reservation Agreement

10% at Signing of Sales Agreement

20% at Groundbreaking

10% at Pour of Slab on Unit Floor

50% at Closing

Call me now to schedule a complete presentation of the project. For Reservation please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.com Time is always of the essence but much more in Pre-construction. Don't miss this window of Opportunity!

To Buy, Sell or Rent Properties in Miami go to http://www.JuanSolerRealtor.com

 

1000 Museum Another Master Piece by Zaha Hadid

1,000 Museum Another Architectural Master Piece Of Zaha Hadid

 Zaha Hadid, founding partner of Zaha Hadid Architects, was awarded the Pritzker Architecture Prize in 2004 and the Stirling Prize in 2010 and 2011. She is internationally known for her built, theoretical and academic work. Each of her dynamic and innovative projects builds on over thirty years of revolutionary experimentation and research in the interrelated fields of urbanism, architecture and design. Zaha’s buildings include the recently completed Guangzhou Opera House in China, the aquatic center for the London Olympics, Galaxy Soho Beijing, Maxxi Rome, Chanel Mobil Arts Paris, the Contemporary Arts Center in Cincinnati, Ohio and Phaeno Science Center in Wolfsburg, Germany among many other great architectural jewels. Zaha Hadid is now designing Miami's most prestigious new residential tower that undoubtedly will be an unprecedented iconic tower in Miami. Zaha Hadid Architects have developed 950 projects in 44 countries and counts with a 400 staff from more than 55 nationalities.

 About 1000 Museum Miami

Developers: Louis Birdman and Gregg Covin


Architects: World renowned Zaha Hadid Architects


Estimated Completion Date: 2015/2016


Views: Biscayne Bay and city


Number of Units: 83


Number of condos stories: 62


Unit Sizes: From 4500 to 9,800 or even possibly 15,000 SQF

Available Penthouses for sale: Yes

Price Range: $5 to $50Million

To learn more about 1000 Museum and download a brochure and floor plans go tohttp://www.JuanSolerRealtor.com/info/about/1000-museum-luxury-residences-in-downtown-miami/

All inquiries will be held in strict confidence.

Call me now to schedule a complete presentation of the project. For Reservation please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.com Time is always of the essence but much more in Pre-construction. Don't miss this window of Opportunity!

To Buy, Sell or Rent Properties in Miami go to http://www.JuanSolerRealtor.com

 

1000 Museum by Zaha Hadid Architects Unassumingly Unprecedented

 One Thousand Museum by Zaha Hadid Architects 

Miami's most prestigious new residential tower will be an unprecedented fusion of art, architecture and design. 1000 Museum will be considered, upon completion, one of the most spectacular residential developments in the world. Internationally acclaimed architect Zaha Hadid designed the breathtaking architecture of this ultra luxury high rise. Her buildings, include the recently completed Guangzhou Opera House in China and the aquatic center for the London Olympics which are known for elastic designs that sometimes appear to be melting.

 

Quick Facts

Developers: Louis Birdman and Gregg Covin


Architects: World renowned Zaha Hadid Architects


Estimated Completion Date: 2015/2016


Views: Biscayne Bay and city


Number of Units: 83


Number of condos stories: 62


Unit Sizes: From 4500 to 9,800 or even possibly 15,000 SQF

Available Penthouses for sale: Yes

Price Range: $5 to $50Million

To learn more about 1000 Museum and download a brochure and floor plans go tohttp://www.JuanSolerRealtor.com/info/about/1000-museum-luxury-residences-in-downtown-miami/ 

*All inquiries will be held in strict confidence.

Call me now to schedule a complete presentation of the project. For Reservation please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.com Time is always of the essence but much more in Pre-construction. Don't miss this window of Opportunity!

To Buy, Sell or Rent Properties in Miami go to http://www.JuanSolerRealtor.com

 

1000 Museum Sales Center is Now Open!

One Thousand Museum Sales Center Opened Last Friday 

The $1 Million Sales Center for Zaha Hadid's One Thousand Museum opened last Friday with a lavish party with the attendance of architects, real estate brokers, members of Million Dollar Listing Miami, developers, and journalists. The sales center, which is open by appointment, is next door on the 5^th floor of Ten Museum Park at 1040 Biscayne Blvd. The Sales Center includes a spinning hologram of the tower, angular furniture from Hadid’s own line and high-definition video screens.

Chris Lepine, project architect for Hadid, said the look of the sales center is not meant to echo exactly the design of the One Thousand Museum tower. However Hadid clarifies that the Sales Center is embedded in the features of the surrounding environment of the city of Miami. In her words: “Miami is a breathtaking location where the water and sky frame a cosmopolitan and diverse city. There is this amazing dynamism in the city that should be reflected in its architecture. With its location on the waterfront—but also in the center of Miami’s cultural district—it was extremely important that all these influences, specific to its site, were incorporated into the design”.   

For Zaha Hadid the most exciting feature of One Thousand Museum is the exoskeleton. The brilliant architect speaking of her first tower in the Western Hemisphere says, "The exoskeleton is the key feature of the design, a fusion of architectural and structural expression. The flow lines of the exoskeleton accentuate the design and connect at critical nodes for structural stability." Units in the Hadid’s tower start at $5million and construction is scheduled to start in mid-2014. *Some notes taken from Ocean Drive. Photos by R. Hill.

Quick Facts

Developers: Louis Birdman and Gregg Covin


Architects: World renowned Zaha Hadid Architects


Estimated Completion Date: 2015/2016


Views: Biscayne Bay and city


Number of Units: 83


Number of condos stories: 62


Unit Sizes: From 4500 to 9,800 or even possibly 15,000 SQF

Available Penthouses for sale: Yes

Price Range: $5 to $50Million 

To learn more about 1000 Museum and download a brochure and floor plans go tohttp://www.JuanSolerRealtor.com/info/about/1000-museum-luxury-residences-in-downtown-miami/

*All inquiries will be held in strict confidence.

Call me now to schedule a complete presentation of the project. For Reservation please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.com Time is always of the essence but much more in Pre-construction. Don't miss this window of Opportunity!

To Buy, Sell or Rent Properties in Miami go to http://www.JuanSolerRealtor.com