Please visit and explore the site and let us know what you think! We welcome all feedback and encourage agents who enjoy blogging on the subject of real estate to join our brokerage or engage us for some cross-content sharing.
My next full length analysese will not be published until early to mid January 2017 when I wrap up the 2016 Retail & Distressed Miami Beach Real Estate Markets in what will be two or three full-length reports covering the data and developments of 2016; and looking forward towards forecasting the 2017 economic year from a real estate broker & investor’s perspective.
Market Activity & Neighborhood Reports by Zip Code for the Miami Beaches
33139 – South Beach
Median Est. Home Value: $387K, Down -1.5%; Median Est. Listing Price: $150K, Down -42.3%; Median Days in RPR: 126 Down –6.7%; Sales Volume: 73, Down –31.1%
MLS Sales Volume is at a NEW 3 year low. Listing Volume is at a NEW 3 year high.
See the Neighborhood Report (above) for full graphs and statistics. Similar to 33139, this area is seeing a drop in both Sales Volume and Median Listing Price while at the same time seeing a build up in Listing Volume / Available Inventory For Sale.
33141 – North Beach & North Bay Village
Median Est. Home Value: $273K, Up 1.9%; Median Est. Listing Price: $198K, Down -17.5%; Median Days in RPR: 102, Down –4.7%; Sales Volume: 56, Down –37.8%
MLS Sales Volume is at a NEW 3 year low. Listing Volume is at a 3 year high.
Of Note – Median Listing Price continues to decline!
It has been a wonderful holiday season and I hope all of you have been enjoying as well. This is a time for both introspection and giving as we head into a brand new year. For those who have emailed me in the past several months about NOT providing e
And, let me not forgot: For those who have emailed me or commented otherwise, in the past several months, about NOT providing enough analysis or data; I have only this to say; “Bitch, PAY ME!”. My service via this blog is both a hobby and, as I said…a service; which I perform at my leisure. My vision and goal over 2017 is to expand the usefulness of this website to become a more encompassing resource for people to better get a feel for not only the real estate market, but the growing culture of the Miami Beaches Community.
My next blogs will happen in a series of 3-4 posts before Mid-January. I wish you all a HAPPY NEW YEAR!
Christopher J. Lazaro, MBA
Licensed Real Estate Broker at Metro International Investments
My Blog has been reborn as BeachBroker.MIAMI, and implies a moniker that I am comfortable with and hope to strengthen as I continue to build my real estate business on Miami Beach & elsewhere!
The new theme for BeachBroker.MIAMI (formerly Real-Estate-of-Miami.com; and former to that, RealtorOfMiami.com) is based on a Magazine Layout Format. The idea, over the next few months, is to create an authoritative, information rich resource that organizes not only my publications & analyses of the market data for the 5 zip codes constituting the Miami Beaches, but provide useful links, documentation, and other resources from known & respected third parties to the general public. I also seek to further integrate my own social media presences into this site, so as to make it a one-stop-shop to see what is moving & shaking with The Beach Broker ;).
In December I was longing for a change, and wanted to set a new tempo for my business; something that was more fresh and exciting than the usual doldrums of Commercial Real Estate, a major part of my business. For many years I worked in Corporate America, in New York City. Even when I had moved to Miami, all I had really done was trade a dark room with computer screens in NYC, for a dark room with computer screens in Miami. Upon leaving Corporate America to start a real estate business over 4 years ago, I landed in the same dark room, only instead of designing & costing global banking systems, I was researching commercial properties and creating packages & reports for investors. While I do enjoy this aspect of the business, commercial real estate is not a profession that takes you outside often enough to really enjoy the Sun on your face. Therefore, I decided to split my time and balance my workload so I could do both commercial real estate, and residential real estate. For the record, residential real estate is WAY more fun! I love getting out, meeting new people, seeing new places and discovering new things. Showing property to prospective buyers is a welcome respite from sitting in an office all day creating commercial real estate packages.
This blog is starting to become a big part of my profession, and my heart and soul. I love doing market analysis, and using all of the cool toys the Miami Association of Realtors provides it’s agents and brokers to educate the public and facilitate smooth transactions between buyers and sellers. While I had a very successful career in information technology, I have not looked back and I do not miss it. I know I made the right choice, and my past couple years of compounding successes continue to remind me of what a great decision I made by following my heart into something that I knew I would love and enjoy.
Please let me know what you think of the new layout! I will be adding a couple more pages, and posting LOTS more information on properties, markets and neighborhoods over the coming weeks.
Some people have asked me why I have not integrated MLS/IDX listings into this website. I decided I wanted this to be a site where I had absolute control over the content. However, I did create a website that is MLS/IDX enabled so customers & clients can browse the local listings – REBroker.MIAMI
I thank you for visiting BeachBroker.Miami and hope you will click the link on the right of the home page to FOLLOW my blog; this way you will automatically be emailed a copy of every analysis I publish on this website. I hope you find my insights and information useful!