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BUY, BUY,
BUY!
BRICKELL
IS HOT!
INVEST
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HAVANA
HAVE KIDS?
BUY IN
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TAXES
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2017 MIAMI-DADE REAL ESTATE STUDY
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 2
FIRM BACKGROUND
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 3
FIRM BACKGROUND
Bendixen & Amandi International (B&A) is a full-service public opinionresearch and communications consulting firm headquartered in Miami,Florida. There are few firms with the depth of experience B&A brings tothe table with regard to issues surrounding topical issues and currentaffairs in Florida and none with greater expertise in Miami-Dade County.
B&A’s research capabilities include conducting executive interviews, traditional landlinetelephone polling, cell phone polling, exit polling, focus groups, door-to-door interviewing,multilingual research in more than 30 languages as well as economic impact studies. Thoughrenowned for our opinion research work, above all B&A seeks to understand the social currentsthat are changing societies and countries and to help all types of organizations and individualsmaster emerging issues and implement innovative strategies. The company specializes inanalyzing changes in today's diverse socio-political and economic environments and offers all ofits client’s comprehensive qualitative and quantitative research analysis that helps themachieve their specific goals.
PROJECT DESCRIPTION
A survey of the Miami-Dade County Real Estate market from the
perspective of the top industry experts and professionals.
4BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 5
PROJECT OVERVIEW
• Miami-Dade’s real estate market has historically been a significant driver of the local economy whose impact cannot be understated. This project was conceived as a deep dive into the ‘State of Real Estate’ from the perspective of real estate professionals throughout Miami-Dade County.
• Our approach was to capture the perspective of 100 of the Top Brokers/Agents and industry experts in Miami-Dade County to gain their insights into the county-wide market. The interviews were anonymous, providing a forum through which industry professionals could speak freely and candidly about what they were seeing both positive and negative.
• The Miami Herald is the traditional community conversation starter and as such we believed was the natural partner for this type of project. The results of the survey research will be the focus of a feature story in the Business Monday section of the Miami Herald. First begun in 2015, this is the third annual iteration of the Miami-Dade residential real estate study.
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 6
METHODOLOGY
SAMPLE100 in-depth, executive interviews with ‘industry leaders’ in the Miami-Dade County Residential Real Estate Market
DATES OF INTERVIEWS June 5th, 2017 – July 6th, 2017
LANGUAGE OF INTERVIEWS English
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 7
REAL ESTATE INDUSTRY INSIDERS
Lourdes Alatriste
Francia Alvarez
Sarkis Anac
Anthony Askowitz
Orlando Avellaneda
Mauricio Barba
Tom Bartelmo
SergeBissainthe
Patricia Borges
Jim Brinker
Jill Casuso
Tal Abergel
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 8
REAL ESTATE INDUSTRY INSIDERS
Raul Cossio
EdgardoDefortuna
Gil Dezer
Dania Diaz
Maite Diaz
Lisa Dority
Francisco Dos Santos
Lydia Eskenazi
Jose Fernandez
Juan Carlos Fernandez
Maria Ferrer
Ivory Cooks
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 9
REAL ESTATE INDUSTRY INSIDERS
Robert Fournier
Andrew Frey
Pedro Garcia
Daniel Gomez
Edmy Gomez
Liliana Gomez
Claudia Gonzalez
GinnetteGonzalez
Tony Graziano
Jorge Guerra
Carlos Gutierrez
Monica Harvey
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 10
REAL ESTATE INDUSTRY INSIDERS
Ines Hegedus-Garcia
Vania Herrera
Hillary Hertzberg
Jill Hertzberg
David Hunt-Solomon
Daniel Ickowitz
Nancy Iliffe
Avra Jain
George Jalil
Jill Eber
Danny Kattan
Jim Brinker
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 11
REAL ESTATE INDUSTRY INSIDERS
Teresa Kinney
Georgeé Kluck
Yasmina La Paz
Irma Laracuente
Andy Lopez
Vivian Macias
Denise Madan
Jack McCabe
Patricia Mellerson
Liza Mendez
Jonathon Miller
Jim Brinker
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 12
REAL ESTATE INDUSTRY INSIDERS
Miriam Mizrahi
Nitin Motwani
Michael Neal
Sepehr Niakan
Neal Oates
Patrick O'Connell
Jay Parker
Roman Pavlik
Don Pingaro
Sergio Pino
Mark Pordes
Michelle Redlich
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 13
REAL ESTATE INDUSTRY INSIDERS
Luis Revuelta
Jorge Rico
Matt Rieger
Branden Rivero
Jaime Rodriguez
Raúl Rodriguez
Alexander Saieh
Gloria Salom
Jeanette Sanchez
TereShelton Bernace
Ron Shuffield
Jill Casuso
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 14
REAL ESTATE INDUSTRY INSIDERS
Riley Smith
Craig Studnicky
Commissioner Xavier Suarez
Mark Tenzer
Henry Torres
Evelina Tsigelnitskaya
Cristina Valencia
Rafael Velasquez
Walid Wahab
Yaakov Waldman
Jack Winston
Patricia Winston
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 15
REAL ESTATE INDUSTRY INSIDERS
Bill Worrall
Albert Yabor
Peter Zalewski
Christopher Zoller
Anthony WilliamsProject Coordinator
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017BENDIXEN & AMANDI INTERNATIONAL - MIAMI RESIDENTIAL REAL ESTATE STUDY 2017 16
CURRENT STATE OF THE REAL ESTATE MARKET
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 17
High Inventory
55%Low Inventory
24%
Stable Inventory
4%
Other/DK/NA
17%
Thinking about your area of specialization, what is your
opinion of the current market inventory in terms of quantity?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 18
Representative Quotes
“Inventory is expanding” – Agent (Pinecrest)
“A lot, buyer has many choices” – Agent (Miami Beach)
“Increasing inventory” – Government Official (Miami-Dade)
“Shortage on homes” – Agent (Homestead)
“Supply is dwindling” – Developer (Downtown)
Thinking about your area of specialization, what is your
opinion of the current market inventory in terms of quantity?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 19
Excellent
27%
Good
40%
Fair
13%
Poor
8%
DK/NA/Other
12%
Thinking about your area of specialization, what is your
opinion of the current market inventory in terms of quality?
67% of participants believe current
market inventory is of high quality.
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 20
Representative Quotes
“Best we've ever seen, interesting forward leap in terms of quality” – Broker (Aventura)
“Improving - unprecedented quality, some Dubai style even” – Broker (Miami-Dade)
“Product is brand new so the quality is high” – Broker (Miami-Dade)
“Used to be worse, but getting better” – Agent (Aventura)
“Wide disparity quality - some good and some bad” – Attorney (City of Miami)
Thinking about your area of specialization, what is your
opinion of the current market inventory in terms of quality?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 21
Overvalued
19%
Good Value
25%Flat Value
38%
Poor Value
12%
Other/DK/NA
6%
Thinking about your area of specialization, what is your
opinion of the current market inventory in terms of value?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 22
Representative Quotes
“Value is good, market prices have adjusted from the boom cycle (between 2012 and 2015)” – Agent (Miami Beach)
“Stabilizing, not decreasing” – Agent (Palmetto Bay)
“Very good compared to other cities” – Agent (Homestead)
“There’s not much value. There's nothing you can point to really and say it’s a good value” – Broker (Aventura)
“Overpriced, but buyers are still buying” – Agent (Brickell)
Thinking about your area of specialization, what is your
opinion of the current market inventory in terms of value?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 23
Aggregate Average
How would you rate Miami-Dade’s affordability on a scale of 1 to 10?
1 being not affordable whatsoever and 10 being very affordable.
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 24
What is the hottest area in Miami-Dade right now?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 25
2017 Results1. Miami Beach2. Brickell3. Coral Gables
What is the hottest area in Miami-Dade right now?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 26
Representative Quotes
What is the hottest area in Miami-Dade right now?
“Miami Beach, because there’s no limit” – Realtor (Miami Beach)
“When you think of Florida, you think of Miami Beach” – Agent (Miami Beach)
“Brickell is one of the hottest areas for millennials” – Analyst (Miami-Dade)
“Brickell, Doral, and Homestead are priced well for lot size” – Industry Expert (South Dade)
“Coral Gables – Local areas where people prefer to live” – Broker (Miami-Dade)
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 27
What is the most overvalued neighborhood in Miami-Dade?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 28
2017 Results1. Miami Beach2. Brickell3. Wynwood
What is the most overvalued neighborhood in Miami-Dade?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 29
Representative Quotes
“Miami Beach is overpriced compared to newer buildings downtown” – Agent (Miami Beach)
“I just can't understand why clients want to spend a million on a small condo on Miami Beach when they can get a big house at $500,000 elsewhere" – Agent (Brickell)
“Any property on the water is overpriced” – Agent (Miami-Dade)
“Brickell – spaces are very small for a very high cost” – Agent (North Miami-Dade)
“Wynwood – the price isn’t worth it, the main problem is the lack of access to public transportation” –Industry Expert (Beaches)
What is the most overvalued neighborhood in Miami-Dade?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 30
What is the most undervalued neighborhood in Miami-Dade?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 31
2017 Results1. Homestead2. Coral Gables/Midtown/Little Havana3. Miami Gardens/Opa Locka
What is the most undervalued neighborhood in Miami-Dade?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 32
Representative Quotes
“Homestead – property values are very affordable” – Agent (Pinecrest)
“Homestead has the potential to grow to a much larger entity” – Broker (Miami-Dade)
“Coral Gables is not being recognized to its full potential” – Architect (Miami-Dade)
“Little Havana and Midtown are good locations and they will be developed soon” – Broker (Downtown)
“Little Havana – it’s getting attention but it hasn’t been overbuilt” – Broker (Miami-Dade)
What is the most undervalued neighborhood in Miami-Dade?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 33
Representative Quotes
“Little Havana has proximity to Downtown and is not as expensive as areas surrounding it” – Agent (Coral Gables)
“Opa-Locka and Miami Gardens, the value is increasing but it’s still low” – Government Official (Miami-Dade)
“Miami Gardens – location and past historical sales make it undervalued” – Agent (Palmetto Bay)
“Miami Gardens – good prices in comparison to other neighborhoods” – Agent (Miami Lakes)
“Normandy Isles off of Miami Beach – it’s less attractive, less developed and less expensive, but it’s still a pretty waterfront” – Agent (Miami Beach)
What is the most undervalued neighborhood in Miami-Dade?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 34
Buy Sell Both Neither
45%
29%25%
1%
Is now the time to buy or sell?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 35
Representative Quotes
Is now the time to buy or sell?
“Buy if it’s an investment – but it really depends on your situation and goals” – Broker (Miami-Dade)
“Buy. Interest rates are historically low” – Agent (Pinecrest)
“Buy. Take advantage of low interest rates”– Agent (Doral)
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 36
Representative Quotes
“Sell, because inventory is low and the buyers are there” – Broker (Miami-Dade)
“Sell. Most people are stuck on the sidelines, and will be in limbo for the next 4 quarters” – Consultant (Miami-Dade)
“Both. It’s a buyers’ market, but better hold until 2018” – Agent (East Miami-Dade)
Is now the time to buy or sell?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 37
Own Rent Both Neither
73%
19%7%
1%
Is now the time to rent or own?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 38
Representative Quotes
“Own – the market will always go up” – Broker (Miami-Dade)
“Own. Rental affordability is worse than owning affordability” – Broker (Miami-Dade)
“Own. It’s always better to own. You’re building equity” – Broker (Miami Beach)
“Rent, because it’s hard to make a profit given the cost of buying and selling in Miami” –Agent (Coral Gables)
Is now the time to rent or own?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 39
Are you seeing a shift in interest in buying vs. renting?
Yes
69%
No
30%
DK/NA1%
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 40
More Buying
59%
More Renting
41%
If so, in which direction?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 41
What is the best neighborhood for young professionals?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 42
2017 Results1. Brickell2. Downtown3. Midtown
What is the best neighborhood for young professionals?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 43
Representative Quotes
"Brickell is a manicured, professional, and slick area” – Broker (Coral Gables)
"Young professionals are risk-takers, they don't need an established area, and they’re more flexible. In Brickell, young professionals don’t need quality schools, they're more independent” –Broker (Miami Beach)
“Downtown. It’s convenient and it’s a community with mass transit and walkability" – Broker (Miami-Dade)
"Anywhere where you can live, work, and play. Primarily this is Brickell, Downtown, Midtown, Coral Gables, Coconut Grove, and the Beach" – Industry Expert (Miami-Dade)
What is the best neighborhood for young professionals?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 44
What is the best neighborhood for families with children ?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 45
2017 Results1. Coral Gables2. Pinecrest3. Kendall
What is the best neighborhood for families with children ?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 46
Representative Quotes
“Pinecrest and Coral Gables are the best. Schools are a critical component” – Broker (Miami Beach)
“Definitely Pinecrest, it’s school district centered" – Broker (Miami-Dade)
“Schools are perceived to be the best in Pinecrest and Coral Gables" – Broker (Miami-Dade)
“Kendall and Pinecrest – no question! Its safe, good schools, and family oriented. It’s the best neighborhood to raise a family” – Real Estate Agent (Kendall & Coral Gables)
What is the best neighborhood for families with children ?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 47
What is the best neighborhood for empty nesters or DINKS?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 48
2017 Results1. Miami Beach2. Coral Gables3. Coconut Grove
What is the best neighborhood for empty nesters or DINKS?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 49
Representative Quotes
“People need to know about the good life in Miami Beach” – Agent (Miami Beach)
“Empty nesters & DINKS are moving to condos in the Grove” – Broker (Miami-Dade)
“Coral Gables. There are businesses and restaurants in walking distance. It’s easy to move around and has public transportation” – Agent (Kendall & Coral Gables)
“Coral Gables has condo buildings and is still near families” – Architect (Miami-Dade)
What is the best neighborhood for empty nesters or DINKS?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 50
What is the best neighborhood for retirees?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 51
2017 Results1. Miami Beach2. Not Miami-Dade County3. Aventura
What is the best neighborhood for retirees?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 52
Representative Quotes
“Miami Beach has focused a lot on improving their community’s infrastructure” –Listing Agent (Miami Beach)
“Miami Beach, but it depends on the lifestyle” – Broker (Doral)
“Miami-Dade County is a no-go zone for retirees” – Analyst (Miami Beach)
“Nowhere in Dade County – retirees are moving up north” – Broker (Coral Gables)
What is the best neighborhood for retirees?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 53
Quality Schools
29%
Neighborhood Safety
17%Shopping/Dining
17%Cultural Offerings
3%
Walkability
18%
Houses of Worship
1%Access to mass transit
9%
Something
else
6%
What is the neighborhood amenity that buyers are most
interested in and willing to pay to get?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 54
If you were in the market for a single family home where
would you buy right now?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 55
2017 Results1. Coral Gables2. Coconut Grove3. Miami Beach
If you were in the market for a single family home where
would you buy right now?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 56
If you were in the market for a condo or apartment where
would you buy right now?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 57
2017 Results1. Miami Beach2. Brickell3. Downtown
If you were in the market for a condo or apartment where
would you buy right now?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 58
“If you’re working, then Downtown. If you don’t work, then South of 5th on Miami Beach.” – Attorney (City of Miami)
“Anything that’s waterfront, so Miami Beach and Key Biscayne” – Broker (Miami-Dade)
“Brickell. It drives the Miami market. It has transportation, new buildings, and a city center. It’s like New York without the cold. It’s the best of both worlds” – Agent (Kendall)
Representative Quotes
If you were in the market for a condo or apartment where
would you buy right now?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 59
What areas would you avoid buying in altogether?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 60
2017 Results1. Brickell2. Miami Beach3. Downtown
What areas would you avoid buying in altogether?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 61
“Property on the coastline/oceanfront. Rising seas will affect and determine property values” – Analyst (Miami-Dade)
“I wouldn’t buy in Brickell. The inventory is too high” – Agent (Miami Beach)
“I’d avoid Downtown. Too much traffic” – Agent (Miami Lakes)
Representative Quotes
What areas would you avoid buying in altogether?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 62
“South Beach. It’s too crazy, the tourism can get to be too much, there’s not a good crowd, and it’s overpriced” – Broker (Aventura)
“Brickell and Downtown – if you need a car” – Industry Expert (Miami-Dade)
“Brickell – just getting in and out is a nightmare” – Broker (Miami-Dade)
Representative Quotes
What areas would you avoid buying in altogether?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 63
Are there more foreign buyers, out-of-town buyers or local
buyers in the residential market?
Foreign
29%
Out of Town
9%Local
27%
Combination
34%
DK/NA 1%
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 64
2015 2016 2017Foreign 56% 33% 29%
Local 11% 23% 27%Combination 17% 21% 34%Out-of-town 16% 20% 9%Don’t know/No answer - 3% 1%
Are there more foreign buyers, out-of-town buyers or local
buyers in the residential market?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 65
Where are the out-of-town buyers coming from?
2015 – New York2016 – New York
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 66
Other Latin
America
17% Argentina
9%
Brazil
16%Venezuela
19%
Colombia
13%
Canada
7%
Europe
14%
Other
5%
Where are the foreign buyers coming from?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 67
Is the financial and political instability around the world in places like Latin
America and Europe currently having a significant impact in the Miami-Dade residential market?
Yes
88%
No
12%
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 68
Representative Quotes“Buyers from Latin America have really stopped buying here, so that has brought the market down somewhat. But at the same time, issues in Europe have led to a lot of people buying” – Agent (Miami Beach)
“The strong dollar is limiting foreign buyers” – Agent (Miami Beach)”
“Foreign buyers have limited ability to purchase here because of their currency and its liquidity” – Agent (Pinecrest)
“Negative – A lot of people in South America who had cash stopped coming” – Agent (Aventura)
"For international buyers, stability at home is essential to their income level. Buying real estate in Miami is a luxury" – Agent (Miami Lakes)
Is the financial and political instability around the world in places like Latin
America and Europe currently having a significant impact in the Miami-Dade residential market?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 69
Representative Quotes“Yes. Crises in these countries means citizens want to buy in Miami” – Agent (Doral and Miami Lakes)
“Miami is a really exciting place and people already want to come here despite financial and political instability – Agent (Miami-Dade)
“They are coming here still, but they're renting more and buying less” – Agent (Miami-Dade)
“Instability is a win/win - people come and invest to get away, but also invest when times are great” –Developer (Miami-Dade)
“USA is the safest place generally to have your money, but the ways in which that money is getting here is changing” – Construction Industry Expert (Miami-Dade)
Is the financial and political instability around the world in places like Latin
America and Europe currently having a significant impact in the Miami-Dade residential market?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 70
Do you think the Trump administration’s policies are
influencing the Miami-Dade residential market?
Yes
42%No
58%
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 71
Representative Quotes“People are talking but I haven’t seen anything” – Agent (Downtown)
“I believe that long term effects won’t be severe. The weather is the same whether Trump is in office or not” –Developer (Miami-Dade)
“No, he hasn’t done anything” – Agent (Downtown & Miami Beach)
"I could see it the day after the election: local sellers rose and more international buyers paused, afraid of the effects of his policies” – Agent (Brickell)
“Besides the fact that he’s an a**hole, foreign buyers are uncertain” – Agent (Miami Beach)
Do you think the Trump administration’s policies are
influencing the Miami-Dade residential market?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 72
How are most people financing their purchases?
Cash
30%Mortgage
50%
Both
19%
DK/NA
1%
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 73
2015 2016 2017
Cash 68% 58% 30%Mortgage 14% 27% 50%Both 18% 13% 19%DK/NA - 2% 1%
How are most people financing their purchases?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017BENDIXEN & AMANDI INTERNATIONAL - MIAMI RESIDENTIAL REAL ESTATE STUDY 2017 74
FUTURE OF THE REAL ESTATE MARKET
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 75
Generally speaking, over the next 12 months do you expect residential home
values in Miami-Dade County to appreciate, depreciate or remain flat?
Appreciate Remain Flat Depreciate DK/NA
36%33%
21%
10%
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017
If appreciate, by how much?
76
78%
17%5%
0-5%
5-10%
11-20%
ASKED ONLY OF THOSE THAT SAID RESIDENTIAL
HOME VALUES WOULD APPRECIATE
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017
If depreciate, by how much?
77
ASKED ONLY OF THOSE THAT SAID RESIDENTIAL
HOME VALUES WOULD DEPRECIATE
43%33%
24% 0-5%
5-10%
11-20%
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017
In your opinion, where are we in the current real estate
sales cycle?
78
Beginning Beginning/Middle Middle Middle/End End Other
9%
2%
45%
6%
37%
1%
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017
When do you think the next up cycle will begin?
79
≤ 6 months ≤ 12 months ≤ 24 months ≥ 2 years Other DK/NA
7% 6%
27%
43%
13%
4%
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017
If you were advising an investor looking to make a good return on investment 5
years down the road, where is the next emerging market, area or neighborhood
where you would advise them to buy today?
80
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 81
2017 Results1. Little Havana2. Downtown3. Brickell/Miami Beach
If you were advising an investor looking to make a good return on investment 5
years down the road, where is the next emerging market, area or neighborhood
where you would advise them to buy today?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 82
If you were advising an investor looking to make a good return on investment 5
years down the road, where is the next emerging market, area or neighborhood
where you would advise them to buy today?
2015 2016 2017
#1 Miami Beach Downtown Little Havana
#2 Downtown Coconut Grove/Brickell Downtown
#3 North Miami Miami Beach Brickell/Miami Beach
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 83
Representative Quotes
If you were advising an investor looking to make a good return on investment 5
years down the road, where is the next emerging market, area or neighborhood
where you would advise them to buy today?
“Little Havana is great for young families who want to own a home now and flip it down the road” – Agent (Miami Beach)
“Brickell, because by then Miami-Dade County will hopefully have better public transportation in place” – Agent (Brickell)
“Miami Beach, can’t go wrong living in Miami Beach proper” – Industry Expert (Beaches)
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 84
Representative Quotes
If you were advising an investor looking to make a good return on investment 5
years down the road, where is the next emerging market, area or neighborhood
where you would advise them to buy today?
“Apartments everywhere, especially Brickell and Biscayne” – Architect (Miami-Dade)
“Money producing homes in Downtown” – Mortgage Broker (Southwest Dade)
“Targeting Brickell and Downtown, there’s a lot of vertical growth there in condo buildings, a high amount of inventory” – Agent (Miami Beach)
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 85
Are you concerned about the potential impact of global
climate change and sea level rise on the local market?
Yes
59%
No
40%
DK/NA
1%
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 86
Have your clients mentioned this as an issue?
Yes
36%No
64%
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 87
What issues related to housing would you like to see more
media coverage of?
Educational content for buyers and sellers on the residential market
27%
Issues related to housing affordability and middle class market 15%
Highlighting more positive news on Miami-Dade real estate market 11%
Urban issues (e.g. infrastructure, traffic, development, flooding) 10%
Legal/Financial issues and concerns 9%
Neighborhood spotlighting 7%
Other 21%
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 88
What issues related to housing would you like to see more
media coverage of?
Representative Quotes
“How easy it is to get financial advice - people tend to believe that it’s too complicated” – Agent (Miami Lakes)
“Media should cover how buyers and sellers should look for agents and what to look for in an agent” – Agent (Homestead)
"The connection between affordability and supply. Too often we think of government as the way to solve issues of affordability when really supply is the answer" – Agent (Urban Core)
“Media only focuses on high end market and it needs to focus more on middle class, since it makes up a large number of the population” – Agent (Miami Gardens)
“The transit housing connection. People are overhyping the affordable housing issue and not paying attention to the key element that is access to transit” – Attorney (Miami Beach)
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017BENDIXEN & AMANDI INTERNATIONAL - MIAMI RESIDENTIAL REAL ESTATE STUDY 2017 89
COMMON MISTAKES TO AVOID IN REAL ESTATE
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 90
What is the biggest mistake you typically see made
by buyers?
Not taking the time to understand the process 25%Acting on impulse and emotion 10%
Not working with a real estate professional 9%
Making a financially irresponsible purchase/Too expensive 8%
Limited understanding of market timing 8%
Buying in the wrong location/Not knowing enough about location 6%
Hiring inexperienced real estate professionals/Listening to poor advice 5%
Speculating instead of buying for the long term 4%
Other 25%
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 91
Representative Quotes
What is the biggest mistake you typically see made
by buyers?
“Not doing preliminary due diligence before getting into the market” – Broker (Pinecrest)
“Not analyzing the investment and comparing properties thoroughly” – Agent (Urban Core and Miami Beach)
“Not educating themselves enough on the market” – Agent (Kendall)
“Decide on emotions, don’t use the facts” – Agent (North Miami-Dade)
“Not getting the right advice, think they don't need broker or professional help” – Developer (Miami-Dade)
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 92
What is the biggest mistake you typically see made
by sellers?
Overpricing/Unrealistic Expectations 50%
Not hiring or not listening to a qualified real estate professional 11%
Sell too late/too early 8%
Underestimating buyers 5%
Limited understanding of market timing 4%
Don’t understand process 3%
Feeling pressured to make a deal/Underpricing 2%
Other 17%
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 93
Representative Quotes
What is the biggest mistake you typically see made
by sellers?
“Not being realistic towards the value of their home” – Developer (Miami-Dade)
“Expectation set too high, being unrealistic” – Agent (Downtown)
“Overpricing the property and not looking at the true market value” – Agent (Palmetto Bay)
“Not taking advice from their realtor and missing opportunities” – Broker (Doral)
“Not listening to professional advice from broker(s) specializing in their desired area” – Broker (Miami Beach)
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 94
What is the biggest mistake you typically see made
by agents?
Being Unqualified/Unprofessional 31%
Bad judgement/Bad advice 25%
Poor customer service 14%
Listing overpriced properties 12%
Only care about commission and own self interests 7%
Other 11%
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 95
Representative Quotes
What is the biggest mistake you typically see made
by agents?
“They are being informal, misleading, and not following up with their customers” – Agent (Miami Gardens)
“Lack of knowledge –some of the smaller firms out there are truly scary” – Agent (Miami Beach)
“Underestimate value from broker on other side of the deal (buying vs selling), no collaboration and no team work” – Agent (Miami Beach)
“Not focusing on the best marketing strategies for their clients” – Broker (Miami-Dade)
“Not following up and not doing their research on their clients” – Broker (Pinecrest)
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 96
What is the biggest mistake you ever made?
Didn’t Invest/Buy/Sell at the right time 33%
Business Strategy/Operations Mistakes 21%
General personal and professional mistakes 16%
Poor client management 13%
Overpricing/Trying to make money too fast 5%
No Regrets 3%
Other 9%
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 97
Representative Quotes
What is the biggest mistake you ever made?
“Missed out on buying valuable properties” – Developer (Miami-Dade)
“I should have been smarter in my own purchases, I moved into an area that wasn't appreciating, and as a real estate professional I should have known better” – Industry Expert (Miami-Dade)
“Pricing poorly in early career – a skill that comes with time in the industry” – Agent (Miami Beach)
“Forgetting to put verbal promises in writing and it coming back to bite me later” – Agent (Kendall)
“Being too cocky about status and knowledge” – Developer (Miami-Dade)
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017BENDIXEN & AMANDI INTERNATIONAL - MIAMI RESIDENTIAL REAL ESTATE STUDY 2017 98
POTENTIAL OBSTACLES
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 99
How do factors such as property taxes and windstorm
insurance influence buyer decisions in Miami-Dade County?
No influence
24%
Affects them
24%
Affects them greatly
46%
Other
6%
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 100
Representative Quotes
“Windstorm insurance is through the roof, and it’s especially too much for seniors on fixed incomes” – Industry Expert (South-Dade)
“Taxes have not been an issue so far, but the insurance companies are ‘getting away with murder’ thanks to blaming high rates on possible hurricane damages deterring buyers from certain neighborhoods” – Agent (Kendall)
“Property taxes are fairly low here so that's not a concern, but buyers are aware of the weather that we get here and so that does influence their decisions to some extent. In recent years, the rules and regulations regarding storm protection have been made more stringent” – Architect (Miami-Dade)
“Not significant, both property taxes and windstorm insurance are at a level playing field, but flood insurance will start tomatter a lot in the future” – Realtor (Urban Core)
How do factors such as property taxes and windstorm
insurance influence buyer decisions in Miami-Dade County?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 101
Very little
6%
Somewhat22%A lot
68%
Other
4%
In your opinion, how does traffic congestion influence
decisions regarding real estate in Miami-Dade County?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 102
Representative Quotes
In your opinion, how does traffic congestion influence
decisions regarding real estate in Miami-Dade County?
“Traffic is horrendous and everywhere. Beyond a city to city problem, needs to be addressed as a county” – Industry Expert (South-Dade)
“A lot. That's the issue I have with Brickell. It has some beautiful buildings, but the traffic is a deterrent. It makes it not worth it" – Agent (Miami Beach)
“Becoming a big influence, people don't like spending hours in car, migrating to urban core. Also, what's happening is that newer, smaller businesses and shopping centers are forming throughout the county” – Developer (Miami-Dade)
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 103
Representative Quotes
In your opinion, how does traffic congestion influence
decisions regarding real estate in Miami-Dade County?
“Influences, but we're spoiled compared to the rest of the world. We complain, but this is nothing” – Broker (Urban Core)
“People rely more on Uber and Lyft to get around, so traffic congestion takes a backseat to other factors, like walkability” – Realtor (Pinecrest)
“Influences decisions immensely given that people will leave a cheaper place due to traffic congestion and go somewhere more expensive instead” – Agent (Miami Lakes)
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 104
Is local government a facilitator or an obstacle to doing
business in the residential market?
Facilitator
34%Obstacle
46%
Both
10%
Neither
8%
DK/NA
2%
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 105
Representative Quotes
Is local government a facilitator or an obstacle to doing
business in the residential market?
“The government caps density to limit supply, and this is done dramatically and artificially. Besides that, there are all the other issues of regulatory costs, delays, impact fees, and obtaining reasonable utility services” – Realtor (Urban Core)
“They've made positive steps with homestead exemption reform but new restrictions imposed on lending hurting the market” – Industry Expert (South-Dade)
“It takes 1 year to get a permit for a new house. I've lost 2 clients waiting for the permits and got frustrated. Permits are out of control, managed by cocky people with no idea” –Developer (Downtown)
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 106
Representative Quotes
Is local government a facilitator or an obstacle to doing
business in the residential market?
“They make slow plans. They are not in the business. Sometimes things that work in theory just don't work in practice” – Agent (Downtown)
“The County has antiquated tech and doesn’t deal with bottlenecks well. It needs an efficiency increase” – Government Official (Miami-Dade)
“While the County government does consider growth a top priority, approvals and decisions take too long” – Broker (Urban Core)
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 107
Aggregate Average
On a scale of 1-10, how important is it to the health of the residential realestate market for Miami Dade County government to play a leadership role in protecting and enhancing property values?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 108
Do you believe Miami-Dade County government is taking
a leadership role?
Yes
42%No
43%
Maybe
13%
DK/NA
2%
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017BENDIXEN & AMANDI INTERNATIONAL - MIAMI RESIDENTIAL REAL ESTATE STUDY 2017 109
MIAMI RESIDENTIAL “BEST OF THE BEST”
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 110
Thinking about the Miami-Dade residential real estate market as a whole
including agents, brokers, lawyers, developers, etc. who in your opinion is the
single most knowledgeable person in the industry?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 111
What is your most trusted news source for the best information on
what’s happening in the local residential market?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 112
Thinking about the Miami-Dade residential real estate market as a whole
including agents, brokers, lawyers, developers, etc. who in your opinion is the
single most knowledgeable person in the industry?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 113
Thinking about the Miami-Dade residential real estate market as a whole
including agents, brokers, lawyers, developers, etc. who in your opinion is the
single most knowledgeable person in the industry?
Ron ShuffieldEWM
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 114
If you were selling your own home, and you couldn’t use your
own company who is the brokerage that you would hire?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 115
If you were selling your own home, and you couldn’t use your
own company who is the brokerage that you would hire?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 116
If you were selling your own home, and you couldn’t use your
own company who is the one realtor that you would hire?
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017 117
If you were selling your own home, and you couldn’t use your
own company who is the one realtor that you would hire?
Nelson Gonzalez
118
Jane Wooldridge, EditorMiami Herald Media Company
305.376.3629jwooldridge@miamiherald.com
BENDIXEN & AMANDI INTERNATIONAL – ANNUAL MIAMI-DADE RESIDENTIAL REAL ESTATE STUDY 2017
Anthony Williams, Project Coordinator3250 Mary StreetMiami, FL 33133305.529.9916anthony@bendixenonline.com
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