Miami Realtors 2024 Inaugural & Awards Celebration

It is officially year 6 of sitting on the Board for MIAMI Realtors! 🤯 The inaugural and awards celebration was nothing short of amazing. It’s always a great time to connect with phenomenal real estate professionals who go above and beyond for our industry. Honored to be serving on the 2024 Miami Realtors Corporate Board of Directors as Secretary.

The MIAMI Association of Realtors represents over 60,000 professionals and is the largest local Realtor association in the U.S. The Association and its Board of Directors are dedicated to our members, leadership in the industry, the real estate profession, and the communities we serve. Our leaders impact the market, further our international presence, make key policy decisions and recommendations on important issues affecting the real estate industry, analyze trends and information, and provide the most impressive and comprehensive package of programs, products and services available in the market today.

Meet your MIAMI Realtors Board of Directors here: https://www.miamirealtors.com/about-miami/miami-leaders/miami-corporate-board-of-directors/


5.25% Fixed Rate + 3% Credit to Closing Costs in Florida City!

Move in soon!

1100 W Palm Drive

Florida City, FL 33034

From Mid $500's

Move in by February 2024! Purchase your new home with amazing incentives -- a 5.25% fixed interest rate and 3% credit toward your closing costs! * Buyer must sign a contract between 1/11/24 - 1/27/24, close on the closing date stated on the contract and use one of ONX's preferred lenders to take advantage of these incentives.*

New Construction Pure Concrete Home Solid X+Construction with Impact Windows! The homes have 5 bedrooms, and 4.5 baths, including a guest suite with full bath and an independent entrance on the first floor. The home showcases a beautiful design with high-impact glass windows, high ceilings, and soft-close cabinets. Upgraded kitchen with stainless steel appliances, LED lights, quartz countertop, pantry, and laundry room hook-up. Low-cost homeowners' association.

  • 5 Beds
  • 4 ½ Baths
  • Contemporary House
  • 2,281 sq ft
  • 1 Garage
  • Year Built: 2023
  • HOA Fees: $35/month

On Alba, an Onx Community offering two-story homes with 5 bedrooms with a signature flex room on the ground floors could be office or guest room with closet and full bathroom.  On Alba is built tough with X+ Construction Technology, a pure concrete home with an elevated foundation and impact windows.  Located in the gateway to the Florida Keys. In the desirable Redlands area of Florida City. The Onx Community features a central park with a football field, basketball courts, beach volleyball, playgrounds for the kids, and much more!

 

Amenities

  • Low HOA
  • Central Park
  • Beach Volleyball
  • Football Field
  • Soccer Field
  • BBQ and Gazebos
  • Kids Playground

 



Leveraging Market Stats Webinar with Miami Realtors

Miami Realtors has a phenomenal webinar series that is hosted by our VP of Communications, Chris Umpierre, and a different Miami Realtors Leader every month. I had the honor of co-hosting the webinar for the third time! We went over the most recent available market statistics and dissected what was happening in our South Florida Real Estate Market. As a real estate broker who helps people buy, sell and invest in Miami real estate, it is important to marry my experience in the marketplace with the overall sales data for our specific market in order to have full understanding and context on the market in order to properly advise our clients and customers. When it comes to real estate, ignorance is NOT bliss. The more we know, the more we are able to make knowledgeable and strategic decisions in our businesses and protect our customers while transacting. I pride myself in always being a student of the industry and I encourage my fellow real estate professionals to do the same. It is how we remain knowledgeable, sharp and informative resulting in providing quality service and always being of value to our clients and customers.

If you missed the live webinar, you can watch the recording here in this blog post. Whether you are a buyer, seller, looking to invest, a real estate professional, or someone just curious as to what is happening in the South Florida real estate market, you will find massive value in this webinar. Here are some key takeaways you will receive:

  • What’s the latest on rising mortgage rates and how are they impacting the market?
  • What’s the latest on the intense demand and lack of supply?
  • What’s happening in the luxury sector?
  • What factors are fueling demand and how will they affect future market activity?
  • How does market performance vary by price point, area, and other factors?

Are you in the market to purchase a home or to sell your existing one? Let's schedule a call to discuss your specific needs.



Miami and Florida Remain a Hot Spot for International Property Buyers

The National Association of Realtors has released their 2023 Global Study regarding International Transactions in U.S. Residential Real Estate. Here were some of the key takeaways regarding the Miami and Florida real estate market and how they have remained dominant a dominant market for international buyers!

  1. Foreign buyers are less impacted by higher mortgage rates, as 42% paid all-cash
  2. Florida remains the top destination for foreign buyers, with a buyer share of 23%.
  3. Florida’s main buyers were from Latin America (46%) and Canada (24%).
  4. It was the top state destination among Canadian and Colombian buyers.
  5. Florida was the top location for properties sold by foreign clients, accounting for 31% of properties sold by international clients.
  6. 34% Increase in Dollar Volume of MIAMI Foreign Buyer Residential Purchases in 2022 compared to 9% Increase Nationally
  7. 25% Year-over-Year Increase in MIAMI Foreign Buyer Residential Purchases in 2022*― 8% Decline Nationally
  8. (see attached map)
  9. 55% of MIAMI REALTORS®Had an International Customer*― Significantly Higher than National Share of 17%
  10. Investment Security and Desirable Location are the Main Reasons Foreign Buyers Purchase Property in MIAMI Area (see attached pie chart)

Source: NAR 2023 Global Study International Transactions in U.S. Residential Real Estate

 


Miami Market Update


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Miami Single-Family Homes

June 2023

June 2022

% Change Year-over-Year

Closed Sales 1,004 1,139 -11.9%
% Paid in Cash 26.6% 30.2% -11.9%
Median Sale Price $622,500 $579,000 7.5%
Dollar Volume $1,038,246,440 $1,200,985,519 -13.6%
% of Original List Price Received 97 100 -3%
Median Time to Contract 27 15 80.0%
Median Time to Sales 71 60 18.3%
Active Inventory 2,911 3,422 -14.9%
Months Supply of Inventory 3.3 2.8 17.9%
Miami Townhomes & Condos June 2023 June 2022 % Change Year-over-Year
Closed Sales 1,360 1,752 -22.4%
% Paid in Cash 56.0% 52.8% 5.6%
Median Sale Price $418,000 $410,000 2.0%
Dollar Volume $941,704,800 $1,260,758,472 -25.3%
% of Original List Price Received 96 100 -4%
Median Time to Contract 32 22 45.5%
Median Time to Sales 77 67 14.9%
Active Inventory 6,116 5,817 5.1%
Months Supply of Inventory 5.0 3 72.4%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Colombia is Once Again Top Country Searching Miami Real Estate

Colombia posted the most global web searches for Miami homes in May 2023, according to a new report by the MIAMI Association of REALTORS® (MIAMI). Colombia has now finished No. 1 or No. 2 among the top list of foreign countries searching for Miami real estate in each of the last 15 months. Colombia accounted for 10.9% of all international searches on MiamiRealtors.com in May 2023, near its percentage of searches in May 2022 (12.34%).

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South Florida Agent Magazine - Miami YPN is now Global!

I had the pleasure of being featured in South Florida Agent Magazine! The article is called “MIAMI Realtors Launching New Young Professionals Network Global Event in Dubai” where I wrote about how our YPN Congress in Dubai was birthed, and Miami YPN's mission to expand our reach and network GLOBALLY with real estate professionals and industry leaders.

The article is also published online on the South Florida Agent Magazine website, and I encourage you to read it and share it on your social media channels!

Be sure to follow @MiamiYPN and @YPN.Global on Instagram to learn more about dates, registration, schedule, itinerary and more! We are extremely excited about this endeavor and to collaborate with Dawood Al-Shezawi, president of the International Property Show and Invest in Dubai Real Estate, to bring this mission to fruition. Miami YPN is now global!

 


City Spotlight Miami Springs

I had the honor of hosting the City Spotlight for the City of Miami Springs with Mayor Maria Puente Mitchell and Miami Realtors. The Mayor shared some great information about the revitalization of the Miami Circle and 36th street. I was able to share a market update about the Miami Springs real estate market and our Miami Realtors CEO, Teresa Kinney, presented our new Global headquarters, which will be in the heart of Miami Springs!


Thank you to everyone who attended! Make sure to follow @themiamirealtors to learn about future City Spotlight events!

 


Aria Reserve Miami - The Tallest Residential Waterfront Dual Towers in the United States

Aria Reserve Miami

A pair of glass towers with flowing design profiles rise high above Miami’s chic Edgewater neighborhood. Directly on the shores of Biscayne Bay and surrounded by lush gardens and nature, Aria Reserve is immediately recognizable, yet feels like a private estate hidden away from the rest of the world. It is a first-of-its-kind relationship between design and nature, which creates an atmosphere of total serenity.

2 Tallest Waterfront Dual Towers in the United States

5+Acres of Waterfront Reserve

547 Linear Feet on the Water

2+Acres of Exclusive Amenities

Every unit has direct waterfront views

One to four-bedroom residences are priced from $850,000 to over $2 million. Only $50,000 to reserve your new home in the sky!

 


Pricing & Opportunities

  • One Bedroom - Sold Out!
  • Two Bedrooms - From $1,340,000
  • Three Bedrooms - From $1,364,900
  • Four Bedrooms - From $2,140,900

Payment Plan

  • Reservation $50,000
  • 20% Deposit at Contract
  • 5% Deposit at Groundbreaking
  • 10% Deposit at the 20th Floor
  • 5% Deposit at Top-off
  • 60% Deposit at closing (financing available)

 

 


Chandra Etienne Elected to Lead MIAMI Realtors Young Professionals Network

I had the honor and privilege of being installed as the 2022 Miami YPN President! There is still a lot of work to be done to ensure that our real estate leaders across the country at every level accurately represent the communities that they serve. So, I want to thank @themiamirealtors for giving this young, Black woman born of Haitian Immigrant parents the opportunity to serve as the 2022 President for Miami YPN at the nation's largest local Realtor association, and let’s admit, the best Realtor Association in the world. Although I’m the one on this stage, this is so much bigger than me. So, thank you. 🙏🏾🙌🏾

I look forward to serving alongside the other great leaders who are also installed -  Fernando Arencibia Jr., Brad Westover, Michael D Hinton, Enrique Teran and David Dweck. I’d also like to thank all of our loyal customers, agents, and affiliates for believing in us, my friends and family for supporting me.

It has been an honor, privilege and a blessing to be serving on the Miami YPN board since 2019. Serving alongside other professionals who are just as passionate about our association and our industry as a whole makes this even more of a fulfilling experience! As the 2022 Miami YPN President, the goal is to expand on our national global connections and relationships, improve and develop new educational curriculum and events to help with professional development, and to strategically collaborate with all of the other boards to provide even more value to our Realtor members. Together we are better, and I can't wait to see what our boards and associations accomplish together this year!

Read the Miami Realtors press release here.

 


Baccarat Residences Miami

One of the most prestigious luxury hotel brands in the world, Baccarat Residences Miami. The three towers will feature 57, 77 and 82 stories. It will offer 360 residences.

The famous architecture firm Arquitectonica, designed the towers to resemble waves undulating in a sea of glass. All Residences have high ceilings, and impact-resistant windows that frame views of Biscayne Bay and Downtown Miami. As it is located practically in the center of Brickell, the views from the top floors in the complex are some of the best in Miami.

BACCARAT PRICES

ONE BEDROOMS
RESIDENCE 3005 (1540 SQ FT) USD 1,374,900
RESIDENCE 4805 (1540 SQ FT) USD 1,426,900
RESIDENCE 6805 (1540 SQ FT) USD 1,590,900

TWO BEDROOMS
RESIDENCE 1904 (2018 SQ FT) USD 1,730,900
RESIDENCE 4203 (2157 SQ FT) USD 1,876,900
RESIDENCE 3502 (2189 SQ FT) USD 1,926,900

THREE BEDROOMS
RESIDENCE 3806 (2662 SQ FT) USD 2,236,900
RESIDENCE 4106 (2662 SQ FT) USD 2,450,900

FOUR BEDROOMS
RESIDENCE 4701 (3654 SQ FT) USD 4,454,900

SPECTACULAR COMMON AREAS, AMENITIES AND BUILDING FEATURES

  • Lushly landscaped secluded private entrance leading to the riverfront arrival court and elegant porte-cochère entranceExquisitely appointed entrance lobby with grand high ceilings leading directly to three banks of double private elevators to each residence

  • Permanent installation of curated museum quality art collection throughout the building’s public spaces

  • Elevated 12th level amenities resort deck loaded with a dramatic zero-entry heated saline swimming pool, outdoor spa, pool-side cabanas, summer kitchen area and beautifully landscaped sun terrace

  • Glamorously designed Grand Salon, set as the ideal location for both intimate gatherings and grand celebrations

  • Luxurious Clubroom with bar and billiards, catering kitchen, and multimedia facilities

  • State-of-the-art fully equipped fitness center curated by Altitude Fitness with cardio theater, spinning room, yoga and meditation rooms, all overlooking the pool deck resort area

  • Hammam spa with men’s and women’s steam and sauna facilities, luxurious treatment rooms and spa shop

  • Private screening room with cutting-edge audiovisual equipment and theater-style seating

  • Game room with multimedia facilities and children’s playroom

  • Business Center with conference facilities and private work spaces

  • Gourmet market

  • Wine Cellar and Tasting Room

  • State-of-the-art Chef’s Kitchen and Private Dining room

  • Pet friendly community with Pet Spa, Grooming and Walk Service

  • Hair Salon & Barber Station

  • High-speed internet access in all public areas

  • Electric vehicle charging stations

  • Air-conditioned storage rooms

  • Bicycle storage spaces

  • Highly attentive concierge, with convenient mail and receiving desk

  • Luxury house car limousine service for convenient transport within a three-mil radius

  • 24-hour complimentary valet and optional self-parking in assigned spaces in covered and secured parking garage

  • 24-hour attended security services and controlled access

  • Residential oversight including pet care, plant care, and away from home maintenance

  • 24 hour room service

  • Planned signature riverfront restaurant

  • Lushly landscaped wide promenade along the Miami River connecting to the Miami Circle National Historic Landmark park

  • Elevated waterfront amenities deck with infinity pool offering unparalleled views across the Miami River and Biscayne Bay

  • Private marina with over 300 linear feet dockage with resident yacht for on-demand reservation services and private water taxi

  • Beach Club Membership to 1 Hotel South Beach

PAYMENT PLAN

Fixed Deposit Amount at Reservation per Type of Residence

One-Bedroom Residences - USD 50,000 Deposit
Two-Bedroom Residences - USD 75,000 Deposit
Three-Bedroom Residences - USD 100,000 Deposit
Four Bedroom Residences - USD 150,000 Deposit

Balance of 10% after applying Reservation Deposit at Contract10% Deposit in 2 Months10% Deposit at Groundbreaking 10% Deposit at Top-off 60% Deposit at Closing (Fall 2025)

 

Whether it is your first home or your tenth home, a retirement home, or an investment property, we will work hard to make your home buying experience a positive one. We can help you find the ideal home with the least amount of hassle; and I am devoted to using my expertise and the full resources of my team and office to achieve these results!​ Are you in the market to purchase a new home or sell your existing home? Want to discuss your real estate needs? Click here to schedule your FREE consultation to get started on the process!


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