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The Miami Beaches Market Pulse – September 2017

Christopher J. Lazaro, MBA Licensed Real Estate Broker & REALTOR® Christopher J. Lazaro, MBA, Licensed Real Estate Broker & REALTOR®, 1-800-798-9192 ext. 333, License #: BK3252123, Metro International Investments, MLS: http://REBroker.Miami
Hurricane Irma

Hurricane Irma – September 2017

Market Activity & Neighborhood Reports by Zip Code for the Miami Beaches

Hurricane Irma Strikes!

In prior posts I mentioned noted the long lag between this year and the last hurricane, Hurricane Wilma, we experienced in October of 2005, and that a huge number of people had moved to Southeast Florida who had not previously ever witnessed one of these beasts.  While Miami-Dade & Broward Counties suffered minimal damage, it was nearly 4 weeks before power was restored to all residences and traffic could resume normal patterns.  It will be interesting to see if Hurricane Irma results in a spike in listing volume (or not) as I believed it would.  Fortunately, Miami-Dade did not take a direct hit with this Category 4 Hurricane, at the same time, I was personally witnessing the wrath of this storm’s wind field here in Sunny Isles Beach which was both substantial, and documented with video via my Instagram and Facebook feeds.

The hurricane has most certainly affected sales data so the blips in the trends cannot be fully relied on at this time.  With the “knowing” of the oncoming storm, the resulting mass evacutation, and the effects of several days of being in the storm’s enormous wind field combined with the effects of the aftermath (power outages, blocked roads & cleanup), there is no real telling what September’s data “should have / could have been”.  Rather than make a lot of commentary on September’s data, I am simply going to publish the reports and eliminate the commentary on Sales Volume versus Listing Volume for this month.  Due to delayed reporting, as well, August’s numbers may not be as accurate as we hope and I have gone back to clarify that and adjust the report accordingly (numbers for MLS are due from Realtors by the 15th of the following month to be reported on).  Other than having commented on the Hurricane and it’s potential impact on people wanting to live here or remain living here, there is really nothing else to discuss for the month of September 2017.

See the Miami Association of Realtors® Market Focus Report for September 2017 here.

They did a great job of summarizing the issues caused by Hurricane Irma with respect to the numbers.  The expectation is for trends to resume (or so they say).  Over the following few months it will become more evident as to what, if any, impact the storm has had on the real estate markets of the Miami Beaches and Southeast Florida in general.

33139 – South Beach & The Venetian Islands

Click here to receive the 33139 Market Activity Report

Click here to receive the 33139 Neighborhood Report

** In the wake of the hurricane, no commentary will be given this month **

33140 – Mid-Beach, Bayshore, Sunset Islands, La Gorce & La Gorce Island

Click here to receive the 33140 Market Activity Report

Click here to receive the 33140 Neighborhood Report

** In the wake of the hurricane, no commentary will be given this month **

33141 – North Beach, Normandy Isle, Normandy Shores & North Bay Village

Click here to receive the 33141 Market Activity Report

Click here to receive the 33141 Neighborhood Report

  ** In the wake of the hurricane, no commentary will be given this month **

33154 – Bal Harbour, Surfside & Bay Harbor Islands

Click here to receive the 33154 Market Activity Report

Click here to receive the 33154 Neighborhood Report

  ** In the wake of the hurricane, no commentary will be given this month **

33160 – Sunny Isles Beach, Eastern Shores & Golden Beach

Click here to receive the 33160 Market Activity Report

Click here to receive the 33160 Neighborhood Report

 ** In the wake of the hurricane, no commentary will be given this month **

About the Miami Beaches Market Pulse

The Miami Beaches Market Pulse is a monthly market analysis by Christopher J. Lazaro, MBA & Licensed Real Estate Broker, featuring professional commentary, data & statistics, downloadable market reports & neighborhood reports, of the five zip codes of the Miami Beaches: 33139 (South Beach & The Venetian Islands), 33140 (Mid-Beach, the Sunset Islands, Bayshore, La Gorce & La Gorce Island), 33141 (North Beach, Normandy Isle, Normandy Shores, North Bay Village), 33154 (Surfside, Bal Harbour & Bay Harbor Island), 33160 (Sunny Isles Beach, Eastern Shores & Golden Beach).

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About Christopher J. Lazaro (51 Articles)
I am a Licensed Real Estate Broker specializing in Residential Real Estate transactions from Downtown Miami, through the Miami Beaches and into Fort Lauderdale along the US1 Corridor and East. Whether you are a First Time Home Buyer, an Institutional Buyer, or Private Investor, I will be happy to provide you a consultation to evaluate your real estate investment goals. I can be reached at 1-800-798-9192 ext. 333. My MLS Website can be found at http://REBroker.Miami. I am a Qualifying Broker for and partner in, Metro International Investments.

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