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
Just released: Miami Dade 2024 annual report & 2025 forecast!
Just released! Download my 2024 Annual Miami Dade Real Estate Report + 2025 Forecast.
Video above, accompanying the report announcement:
My full 30 minute presentation at the 2024 MIAMI Global Real Estate Congress. Watch it, it will help you make sense of the 2024 report.
CLICK HERE to download the PDF of all the slides from the presentation >
I gave this presentation at the end of 2024, and it ties together many of the key points quantified in my annual report. You will benefit from watching it after reading the report. Remember: if you can identify the main forces driving what you see happening around you, then you can start to figure out directionality. This is how you can predict the future.
Download the full annual 2024 Miami Real Estate Report & 2025 forecast
2024 Miami Real Estate Report Highlights
New product at prime locations continues to shine: we actually don’t have enough.
Both condo and SFH transaction volume was up YOY past $1K / sq ft.
SFH past $1K /sq ft hit an all time high and is up a remarkable 631% vs. 2019 (pre Covid)
Despite fake, alarmist press headlines: Miami Dade overall inventory levels remain below 2019 (pre Covid) levels
Speaking of inventory levels, this is truly shocking: Miami Dade SFH active listings below $500K are down 800% vs. 2019 pre covid.
There are now only about 600 active SFH listings sub $500K in all of Miami Dade County.
Pre Covid in 2019, there were over 3,500.
I think the implications of this are obvious. And far reaching.
The floor of single family pricing keeps rising and we have inherent scarcity. We cannot add more inventory verticall. I stand by what I have been saying for the past 4 years: SFH within proximity of the urban core remains the best play an individual can make. It is still early days and there is still time. Contact me for opportunites and to discuss strategies.
The same scarcity logic applies to waterfront and prime lots.
The best SFH play are at the floor and at the top of the market.
Email me to work directly with me: it is still early days and there is time to form acquisition strategies.
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