Miami Real Estate Market Analysis
Trend analysis &
special situations in Miami real estate.
2023 Intrastate Migration Numbers Released by the Census: TX & FL winning
October 24, 2024
2023 Intrastate migration numbers are in, just released at census.gov.
Rather unsurprisingly, the post Covid trend continues. TX & Florida are once again #1 & #2 when it comes to net intrastate migration gains.
* Blue states, that tended to be high lock-down & are high-tax, keep losing population. (This is an observation, I am a registered independent). The top five population losers were all blue states.The two winners (TX & FL) have no state income tax. The two biggest two losers (CA & NY) have among the highest levels. I do not report on this with any personal joy, I grew up in NYC. It is what it is.
Ana Bozovic Debunks Business Insider
October 17, 2024
I released my official Q3 2024 Miami Dade report last week.
All of the Miami and South Florida numbers were fresh in mind.
I happened to come across an article in Business Insider that made the bold statement:
"Home-listing prices are down as much as 12% in boomtowns in Florida, Texas, and other popular states"
The article then lists Miami as #1, with a 12% drop in list prices.
This is absolutely not true. Not even close. This is honestly mind-blowing.
I caught this because I am an expert in this field. And in all honestly, this makes me seriously wonder what else is completely false.
Q3 2024 Miami Dade Real Estate Report: Official Release
October 12, 2024
Officially live: Ana Bozovic's Q3 2024 Miami Dade Real Estate report!
Segments catering to the wealth and talent migration continue to outperform pre Covid realities by a wide margin, with some segments at all time highs.
Ex: SFH past $1K /sq ft transacted at record levels Q1-Q3 of 2024. And most market segments above $500K saw YOY sales volume growth (all SFH segments and some condo).
Actionable value is found when drilling down, but the macro drives the micro. We need to understand the basis of the market and the fundamental trends driving what we see in the numbers. Starting there, we can then drill down further in order to make predictions on specific sectors.
Q3 2024 Miami Real Estate Report Preview
October 3, 2024
Q3 2024 has just closed out! The data continues to trickle in. I will have my full Q3 report ready for you next week. Today I would like to share a preview of some of the initial findings.
Spoiler alert: the #LongMiami and South Florida thesis keeps playing out.
Segments successfully catering to the wealth & talent migration:
-> New product in prime location.
-> Throw in in inherent scarcity, and you get the phenomenon that is our high-end SFH market.
Show Me The Money: all cash buying percentages across South Florida real estate
September 28, 2024
Show Me The Money: A cash market is very unlikely to exhibit bubble-like behavior and it has a solid floor. The South Florida market is very heavy on cash. As data keeps coming in corroborating the South Florida & Miami story, various news outlets continue to publish unsubstantiated clickbait to the contrary. I have been seeing stories lately about "bubbles" and "froth". The question bears asking: what is a bubble and how / why do they pop? Asset bubbles are almost always the result of irresponsible usage of easy debt. When the underlying assets can no longer support the debt, prices quickly collapse. And in retrospect, we define said phenomenon as a bubble bursting.
High Tax Brain Drain & Record luxury real estate
September 12, 2024
Florida #1 for gaining high earning millennials & Miami cited by Knight Frank as the most transformative luxury real estate market, alongside Dubai & Palm Beach.
August 2024 Miami Real Estate numbers are in
September 5, 2024
August 2024 just closed out, so it is a great time to get ahead of main stream media and to report the real Miami & Miami Dade real estate numbers.
2M+ ft² of office coming to Brickell 💰
August 29, 2024
Miami news: 2M+ ft² of office coming to Brickell 💰 Coconut Grove SFH sales past $1K already up 2,200% vs 2019 full year data. Follow the money & the jobs.
Rock The Market 2024 | Ana Bozovic’s Full Presentation
August 22, 2024
Watch Ana Bozovic's full 18 minute presentation at Rock The Market 2024, at the Hard Rock Hotel.
Miami Real Estate: The Truth Behind Inventory Levels
August 15, 2024
I am speaking at the same time day as this blog post: July 25, 2024. I will be speaking at the annual Rock The Market conference at the Hard Rock Hotel. We had well over 2,000 people attend last year, and this year is sold out again.
My topic at Rock The Market: #LongMiami & Early Times, Is There Still Room For Growth?
Short answer: the wealth migration has just begun and corroborative data keeps coming.
As I keep saying: momentum cycles are real and they build. There is no going backwards.
In the associated press this week:
"Florida’s population passes 23 million for the first time due to residents moving from other states" And it is tax payers on the move, flowing out of high tax jurisdictions that were also high lockdown.
The Wealth & Talent Migration Continues, We See The Effects In The Miami SFH Market
July 24, 2024
I am speaking at the same time day as this blog post: July 25, 2024. I will be speaking at the annual Rock The Market conference at the Hard Rock Hotel. We had well over 2,000 people attend last year, and this year is sold out again.
My topic at Rock The Market: #LongMiami & Early Times, Is There Still Room For Growth?
Short answer: the wealth migration has just begun and corroborative data keeps coming.
As I keep saying: momentum cycles are real and they build. There is no going backwards.
In the associated press this week:
"Florida’s population passes 23 million for the first time due to residents moving from other states" And it is tax payers on the move, flowing out of high tax jurisdictions that were also high lockdown.
Empire cycles, Trump and Miami Real Estate
July 18, 2024
Recent events are very much in corroboration of internal disorder predictions I have been making for a few years. I have used a certain Venn diagram in every speaking even I have had since Covid 19.
It is a powerful illustration of the three baseline forces feeding the momentum cycles we see around us now. And these momentum cycles are shaping our markets. (most notably the polarization of wealth & belief systems, both of which are fueling domestic intrastate migration).
I have had full confidence getting behind a #LongMiami thesis because it was clear to me that we are in a period of rapid change. Three forces, throughout history, have ushered in periods of rapid change. They are:
- Transformative tech adoption.
- Wars
- natural empire cycles