Themes of the week: UBS “Bubble” Report • Rock The Market Highlights • Special Invitations. Thank you to the South Florida Business Journal for quoting me on this topic. The UBS "Bubble" report is a travesty and they should be embarrassed. This report a sensationalist misuse of a global platform, and its misleading headline is being echoed by press worldwide. * An invitation: Join me, I am speaking at the Real Deal Conference. 📍 Mana Wynwood | November 5 & 6 I am speaking on Nov 6 in a first-ever, special debate style panel with Daniel Kodsi. https://events.therealdeal.com/event/how-to-survive-the-squeeze * An invitation: Join me for my super fight at Main Character Jiu Jitsu 📍 La Scala De Miami Brickell | October 19 Tickets here, please select me at checkout: https://nitrotickets.com/event/1064/MCJJ-1HALLOWEEN-1HAVOC-1--11019
Hot off the presses! Miami Dade SFH 2024 report preview
Hot off the presses!
Miami Dade SFH 2024 report preview. Full 2024 year end report and 2025 forecast coming next week.
Median price at all time highs, inventory 36% below pre covid (2019).
This should provide plenty of ammo to retort the negative, click bait generated by legacy media.
Annual data is simple to understand and the truth is clear.
Download my full Q3 2024 Miami Real Estate Report
This is an overview snapshot of what I will be releasing in my annual report.
2024 median price: $660K
Up 8.2% vs 2023.
Up 80% vs 2019 (pre Covid)
December 2024 was an all time high at $685K. Up 12.2% vs Dec 2023.
Active listings:
up 16% YOY
down 26% vs 2019 (pre Covid)
As I keep saying
market segments that are solutions for the wealth and talent migration are outperforming pre Covid realities.
Miami Dade SFH $1M+ annual transaction volume:
+ 16% YOY
+ 145% vs 2019
Every segment off the single family home market past $500K was up YOY, if not at all time highs.
The transaction volume losses the press loves to report on are at lower price points. And largely because inventory has all but disappeared at those price points.
The Miami Dade single family home market is extremely strong and robust, with inherent scarcity. we cannot add more inventory vertically and people will keep moving here.
Google my analysis of 2023 interstate mgiration, the Daily Mail had two articles that used it. This is just the beginning.
#LongMiami
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