We are thrilled to announce our latest market share stats from the first half of this year showing that ONE Sotheby’s International Realty just broke record being number ONE.
ONE Sotheby’s International Realty is number ONE in Broward for all residences over $2.5 million USD and number ONE in Miami-Dade for all residences over $1 million!
This is a great accomplishment for ONE Sotheby’s International Realty and our team.
Take a moment to read and review the latest Trends of what is happening in the Luxury Market in Miami, Fort Lauderdale, Lighthouse Point, Lauderdale By the Sea, Sea Ranch, Hillsboro Mile, Coral Ridge and in general in Broward County.
This is an exciting time for Buyers and Sellers in the Luxury Market. Learn about all our new projects and what we have to offer.
The beat goes on as the Miami real estate market continues to be on the upswing. Inventory continues to drop and the number of sales continue to increase, resulting in price increases.
The shadow inventory finally came onto the market in the first six months of 2013, with an increase in inventory of 30% over the same six months in 2012. These foreclosures primarily impact the under $300,000 market segment. Short sales moved in the opposite direction, with a dramatic 77% reduction in inventory. Overall, these distressed properties only represent 16% of what is available for sale.
New construction is coming on line with new projects being introduced each month, but the question remains: will there be enough resale inventory to keep pace with the demand? In the meantime, expect prices to continue to rise through the rest of 2013.
CLICK HERE to read Trends, Mid-Year Update 2013
Miami Spice is a mouth-watering restaurant promotion showcasing the very best of Miami cuisine.
Indulge your appetite during August and September, Miami’s top restaurants offer three-course meals (Lunches $19 or $23,
Dinners $33 or $39) featuring signature dishes created by world-renowned chefs.
Find a list of all the Restaurants participating at Indulge my appetite with Miami Spice
What a better way to spend a Friday night that by visiting our new friend and famous Artist Daniel Bottero at his gallery in Midtown, Miami. Every painting and piece of art he has is a unique piece, the sense of the colors, the contemporary images, and profound message only left good memories for us.
Billy, Alix and Daniel
Bottero is a modernist painter who went to School in Lucca-Italy, worked in Paris-France, lived New York and most recent a resident of South Florida, has featured in private collections for Citibank, Xerox, Merrill Lynch and JP Morgan Chase Bank. His artwork is feaured in many private collections including those of Senator Hillary Clinton, Dan Marino, Gloria and Emilio Estefan, Al Pacino, Steve Segal and Oscar de la Hoya. As an artist he has exhibited at Ft. Lauderdale Museum of Art, Museum of Latino American Art, Laguna Beach, CA, Museo de Arte de Ponce, Ponce, Puerto Rico and Cultural Center Recoleta in Buenos Aires, Argentina, Sotheby’s and Christie’s auction house, New York among many others.
My favorite piece “The Love Of The Poet” is by far the piece that represents a modern romanticism reflecting how important in our busy world, love is still the key to everything.
The Love of the Poet by Daniel Bottero
Especial Thanks to my relative Mayra Sarmiento, “Directora de Relaciones Institucionales” at the Savoy Hotel in Buenos Aires, Argentina for inviting us to meet Daniel Bottero and Thank you Daniel for sharing your art, home, and works with us.
Is South Florida part of the Top 20 World’s Most Expensive Real Estate Markets?
With Luxury Homes prices in between $4,570 USD and $5,920 USD per square foot in Monaco and Hong Kong why wouldn’t you choose South Florida where square foot price for Luxury Homes in Miami is between $1,300 USD to $1,440 USD? It is after all a third of what prices are in Monaco today.
The Knight Frank wealth report said Monaco, Hong Kong and London stand as the Top 3 most expensive market at a Global level. “Demand for Prime property in key locations around the world is likely to remain high as wealth creation, especially in the emerging world thrives… Global demand is rising fast, and the supply of luxury homes remains limited”.
Asia-Pacific (Jakarta and Bali), London, New York and Miami had positive news for the Luxury Residential sector in 2012. Overseas investors find Miami/Fort Lauderdale’s luxury market as a safe place to escape from currency, economic, political and security crises in their home countries. “The US luxury markets are now appealing to global investors looking for value opportunities” said The Knight Frank Wealth Report.
The rise of the luxury market is the most significant trend of 2012. The growth in the million dollars plus market makes South Florida one of the prime real estate markets in the world. The favorable income tax structure is more attractive than ever to those who want to and are able to relocate.
With 30 sales over the $10 million mark in Miami-Dade and Broward County, 2012 was certainly the year of the trophy market in South Florida.
Broward Booms as Sales of residential properties in Broward County over $ 1 million increased a whopping 28% in 2012.
South Florida is still valued tremendously low as far as dollar per square foot in the worldwide luxury real estate market, yet gains prominence and importance, year after year.
The following are the top 20 Most Expensive Real Estate Markets Globally. Data by Knight Frank Report.
For any questions please feel free to send us an email to email@example.com or reach us through our contact form.
Exceptional Representation for Elite Clientele
Alix Aranza & Billy Brown