trends jack mcalister

2014market report

ONE | SOTHEBY’S INTERNATIONAL REALT Y

TRENDS is now trending.

In 2010, our first TRENDS piece launched to provide quality real estate trends by area in a market that was

recovering one neighborhood at a time. Four years later, we would like to redefine our TRENDS to incorporate a

longer and broader look at what is truly trending. To that end, we now include a 4-year history by neighborhood

so that the full recovery trend is visible. We have added some of South Florida’s global real estate statistics in the

international spotlight section, because our market is only one degree of separation from these feeder markets.

Finally, we are including new construction data. Both because it is a significant portion of current inventory and

because this market does drive resale real estate trends. Please note the new format changes as well. The market

overview charts provide additional information in an easy-to-read format.

With the evolution of this market report, we also realize that the world is now defined by social media and the use

of hashtags is widespread. With a single hashtag, trending topics are easily accessible by anyone in the world. The

current use of the internet has taken globalization and the transfer of information to a new level. Acknowledging

the importance of consistent market updates, we will be publishing ongoing statistics of all major South Florida

communities in our social media accounts as they occur, with the hashtag #ONEretrend.

For the 2014 market report, you will see that most areas are fully recovered. Inventory is approaching a more

sustainable and balanced level and the rate of increase in pricing is slowing. The mid-priced market was the true

winner in 2013, with that last bit of recovery happening in the $250,000 - $500,000 price range, which posted more

than a 35% increase in sales in both Miami-Dade and Broward counties for the year. The full rebound of the mid

market is the sign of a fully recovered market.

Looking forward to 2014, prices should continue to flatten as inventory continues to build. However, this is not

a bad sign, as double digit price increases are not healthy or sustainable over the long run. A healthy projection

should be a chart that mirrors a staircase: repeated moderate increases followed by a short-lived plateau. This year

will be a run until the next rise. Grow, adjust, grow, adjust… it is a healthy beat signifying a stable economy.

Estate Agent

305.333.5454jmcalister@onesothebysrealty.comwww.jackmcalister.com

Jack McAlister

03

facebook.com/onesothebysrealty

@ONESIR

@ONESIR

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Look for #ONEretrend for more statistics throughout the year.

HILLSBORO BEACH

LIGHTHOUSE POINT

BAY COLONYLAUDERDALE BY THE SEA

FORT LAUDERDALE BEACH

CORAL RIDGE

VICTORIA PARKLAS OLAS ISLES

RIO VISTAHARBOR BEACH

HOLLYWOOD BEACH

HALLANDALE BEACHGOLDEN BEACH

AVENTURA

SUNNY ISLES

NORTH BEACHBal Harbour

MID BEACHPine Tree Drive and North Bay Road

SOUTH BEACHSouth of Fifth

THE ISLANDSFisher IslandPalm / Hibiscus / Star IslandsVenetian IslandsSunset IslandsLa Gorce IslandIndian CreekBay Harbor

MIDTOWN

DOWNTOWNBRICKELL

KEY BISCAYNE

COCONUT GROVE

CORAL GABLESCocoplumGables EstatesSnapper Creek LakesOld CutlerPonce Davis / High PinesDeering Bay

PINECREST

PALMETTO BAY

Broward

Miami-Dade

WESTON

Market Overview

Market Highlights

Miami-Dade

Broward

Community Profiles: Snapshot

In-Depth Look: Community Profiles

Miami / South

Coconut Grove

Coral Gables

Pinecrest

Palmetto Bay

Downtown

Key Biscayne

Brickell

Downtown

Midtown

Miami Beach

South Beach

Mid Beach

North Beach

The Islands

Miami / North

Golden Beach

Sunny Isles

Aventura

Broward County

Fort Lauderdale

Las Olas Isles

Harbor Beach

Fort Lauderdale Beach

Rio Vista

Victoria Park

Bay Colony

Weston

Coral Ridge

Lauderdale by the Sea

Hollywood / Hallandale Beaches

Hillsboro Beach

Lighthouse Point

Pre-Construction Highlights

International Spotlight

About ONE | Sotheby’s International Realty

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M A R K E T O V E R V I E W

2 0 1 3 I N R E V I E W : M O N T H T O M O N T H

$300

$250

$200

$150

$100

$50

$0

For Sale $/SF

18,000

16,000

14,000

12,000

10,000

8,000

6,000

4,000

2,000

0

Sold

M I A M I - D A D E

Sol

d /

For

Sal

eP

rice per S

qu

are Foot

$300

$250

$200

$150

$100

$50

$0

For Sale $/SF

18,000

16,000

14,000

12,000

10,000

8,000

6,000

4,000

2,000

0

Sold

B R O W A R D

Sol

d /

For

Sal

eP

rice per S

qu

are Foot

06

S U P E R L U X U R Y : O N T H E R I S E

2010 2011 2012 2013

1,800

1,600

1,400

1,200

1,000

800

600

400

200

0

Single-Family Homes Condos

PR

OP

ER

TIE

S S

OLD

| $

1M -

$5M

2010 2011 2012 2013

100

90

80

70

60

50

40

30

20

10

0


2010 2011 2012 2013

30

25

20

15

10

5

0


PR

OP

ER

TIE

S S

OLD

| $

5M -

$10

MP

RO

PE

RT

IES

SO

LD |

$10

M+

2010 2011 2012 2013


1,400

1,200

1,000

800

600

400

200

0

PR

ICE

/ SQ

. FT

. | $1M

- $5M

2010 2011 2012 2013

2,000

1,800

1,600

1,400

1,200

1,000

800

600

400

200

0


PR

ICE

/ SQ

. FT

. | $5M

- $10

M

2010 2011 2012 2013

3,000

2,500

2,000

1,500

1,000

500

0


PR

ICE

/ SQ

. FT

. | $10

M+

07

M A R K E T H I G H L I G H T S

31,909# TRANSACTIONS

W 8.0%compared to 2012

29,952# TRANSACTIONS


$273AVG. PRICE/SF


$155AVG. PRICE/SF


M I A M I - D A D E 2 0 1 3 B R O W A R D 2 0 1 3

LA GORCE ISLAND

$1,692HIGHEST

AVG. PRICE/SF

HILLSBORO BEACH

$919HIGHEST

AVG. PRICE/SF

Hillsboro Beach

08

2010 2011 2012 2013 2014

$407K

$314K

$222K

$129K

Miami Fort Lauderdale US

M E D I A N S A L E P R I C E | A L L H O M E S

2011 2012 2013 2014

$2.39

$1.86

$1.33

$0.80

Miami Fort Lauderdale US

M E D I A N R E N T A L L I S T I N G $ / S F | A L L H O M E S

09

M I A M I - D A D E R E S I D E N T I A L M A R K E T

2010 2011 2012 2013

$314

$125

$387$371

$133$156

$450

$400

$350

$300

$250

$200

$150

$100

$50

$0966 1,036 1,130819

$127

14,000

12,000

10,000

8,000

6,000

4,000

2,000

0 10,335 10,998 12,4639,083

$292

waterfront (W) non-waterfront (N)

2010 2011 2012 2013

$309

$105

$358

$411

$130$155

$450

$400

$350

$300

$250

$200

$150

$100

$50

$06,806 7,284 7,3735,481

$104

14,000

12,000

10,000

8,000

6,000

4,000

2,000

0 10,727 10,226 10,9438,680

$287


W 9%# Transactions

Waterfront

W 13%# Transactions

Non-Waterfront

X 4%Price/Sq. Ft.Waterfront

W 17%Price/Sq. Ft.

Non-Waterfront

SIN

GLE

-FA

MIL

Y H

OM

ES

CO

ND

OM

INIU

MS

W 1%# Transactions

Waterfront

W 7%# Transactions

Non-Waterfront

W 15%Price/Sq. Ft.Waterfront

W 19%Price/Sq. Ft.

Non-Waterfront

% Change from 2012 to 2013


Numbers by Trendgraphix©

10

B R O W A R D R E S I D E N T I A L M A R K E T

2010 2011 2012 2013

$172

$110

$178

$200

$116

$134

$250

$200

$150

$100

$50

$02,897 3,240 3,5132,681

$115

12,000

10,000

8,000

6,000

4,000

2,000

08,884 9,669 10,5108,411

$175


2010 2011 2012 2013

$144

$76

$159

$182

$84

$102

$250

$200

$150

$100

$50

$06,074 6,007 6,3355,721

$79

12,000

10,000

8,000

6,000

4,000

2,000

09,797 9,387 9,5949,360

$148


SIN

GLE

-FA

MILY

HO

ME

SC

ON

DO

MIN

IUM

S

W 8%# Transactions

Waterfront

W 9%# Transactions

Non-Waterfront


W 16%Price/Sq. Ft.

Non-Waterfront

W 5%# Transactions

Waterfront

W 2%# Transactions

Non-Waterfront


W 21%Price/Sq. Ft.

Non-Waterfront



Numbers by Trendgraphix©

11

C O M M U N I T Y P R O F I L E S : S N A P S H O TS

ING

LE-F

AM

ILY

HO

ME

S # Trans. Avg. Sale $ Avg. $/SF

2010 43 $3,170,789 $469

2011 137 $1,777,918 $370

2012 193 $1,954,528 $406

2013 217 $3,797,811 $388

Change g12% g94% h4%

CO

ND

OM

INIU

MS

# Trans. Avg. Sale $ Avg. $/SF

2010 16 $854,697 $326

2011 69 $692,162 $302

2012 143 $761,796 $357

2013 158 $758,487 $374

Change g10% 0% g5%

COCONUT GROVE

CORAL GABLES ($500K+)

SIN

GLE

-FA

MIL

Y H

OM

ES # Trans. Avg. Sale $ Avg. $/SF

2010 343 $1,816,014 $397

2011 326 $1,786,483 $394

2012 570 $2,051,202 $433

2013 643 $1,969,151 $441

Change g13% h4% g2%

CO

ND

OM

INIU

MS


2010 34 $1,088,676 $357

2011 17 $888,059 $321

2012 106 $1,014,212 $379

2013 56 $1,003,036 $397

Change h47% h1% g5%

PINECREST

SIN

GLE

-FA

MIL

Y H

OM


2010 45 $1,335,661 $257

2011 187 $1,475,021 $353

2012 225 $1,191,150 $297

2013 242 $949,988 $252

Change g8% h20% h15%


2010 55 $411,292 $139

2011 210 $366,096 $125

2012 342 $380,836 $125

2013 291 $457,814 $159

Change h15% g20% g27%

PALMETTO BAY

SIN

GLE

-FA

MILY

HO

ME

SBRICKELL

Change: comparison between 2012 & 2013 statistics.

South Florida is comprised of several prominent communities, which are greatly influential and indicative of the

market’s overall health. Areas such as Coral Gables and Coconut Grove in Miami-Dade carry a great deal of weight

in the general statistics of the county. The tables below demonstrate market trends for the main areas of focus in

Miami-Dade and Broward. These communities are reviewed in further detail in the following section.

12

COCONUT GROVE

CORAL GABLES ($500K+)

CO

ND

OM

INIU

MS


2010 76 $265,953 $241

2011 475 $250,857 $227

2012 897 $294,365 $278

2013 983 $394,164 $246

Change g10% g34% h12%

CO

ND

OM

INIU

MS


2010 33 $191,334 $169

2011 212 $181,664 $169

2012 410 $248,789 $242

2013 506 $348,426 $340

Change g23% g40% g40%

MIAMI BEACH

SIN

GLE

-FA

MIL

Y H

OM


2010 180 $1,854,809 $444

2011 177 $2,281,900 $531

2012 295 $2,416,577 $526

2013 343 $2,588,201 $635


CO

ND

OM

INIU

MS


2010 2,094 $436,636 $409

2011 1,495 $420,528 $388

2012 2,828 $473,808 $446

2013 2,905 $504,216 $420

Change g3% g6% h6%

THE ISLANDS | MIAMI BEACH

SIN

GLE

-FA

MIL

Y H

OM


2010 10 $3,376,567 $583

2011 26 $4,407,039 $419

2012 55 $9,904,592 $993

2013 41 $8,074,179 $659

Change h25% h18% h34%


2010 20 $1,241,000 $592

2011 48 $2,751,313 $767

2012 82 $2,230,244 $777

2013 78 $2,797,833 $874


SIN

GLE

-FA

MILY

HO

ME

SS

ING

LE-F

AM

ILY

HO

ME

S # Trans. Avg. Sale $ Avg. $/SF

2010 1 $420,000 $1,380

2011 1 $2,250,000 $251

2012 4 $490,500 $173

2013 12 $1,087,908 $351

Change g200% g122% g103%

CO

ND

OM

INIU

MS


2010 125 $354,748 $267

2011 623 $348,254 $293

2012 1,135 $396,957 $346

2013 1,123 $477,557 $328

Change h1% g20% h5%

BRICKELL

DOWNTOWN MIDTOWN

13

SIN

GLE

-FA

MIL

Y H

OM


2010 26 $3,976,176 $878

2011 43 $3,914,092 $1,237

2012 74 $4,376,787 $897

2013 63 $4,528,437 $964

Change h15% g3% g7%

CO

ND

OM

INIU

MS


2010 36 $595,910 $360

2011 120 $725,804 $416

2012 290 $828,034 $473

2013 224 $860,659 $545


KEY BISCAYNE

AVENTURA

SIN

GLE

-FA

MIL

Y H

OM


2010 31 $806,342 $269

2011 18 $673,975 $236

2012 35 $826,373 $285

2013 48 $925,333 $321


CO

ND

OM

INIU

MS


2010 475 $377,961 $227

2011 465 $356,359 $219

2012 959 $390,097 $233

2013 937 $530,460 $277


SUNNY ISLES

CO

ND

OM

INIU

MS


2010 76 $546,310 $340

2011 397 $531,374 $354

2012 817 $636,968 $421

2013 751 $731,979 $433

Change h8% g15% g3%


2010 4 $2,234,250 $566

2011 17 $1,804,750 $264

2012 11 $3,169,217 $494

2013 17 $3,020,479 $620

Change g55% h5% g26%

GOLDEN BEACH

SIN

GLE

-FA

MILY

HO

ME

SC O M M U N I T Y P R O F I L E S : S N A P S H O T

14

KEY BISCAYNE

AVENTURA

SIN

GLE

-FA

MIL

Y H

OM


2010 1,159 $617,785 $237

2011 1,223 $656,310 $208

2012 1,600 $670,987 $114

2013 1,809 $755,799 $185


CO

ND

OM

INIU

MS


2010 1,324 $267,191 $258

2011 1,304 $252,062 $245

2012 1,900 $281,714 $228

2013 2,085 $327,744 $265


HOLLYWOOD / HALLANDALE BEACHES

SIN

GLE

-FA

MIL

Y H

OM


2010 6 $317,267 $157

2011 32 $448,547 $179

2012 45 $539,067 $149

2013 50 $699,625 $216


CO

ND

OM

INIU

MS


2010 177 $236,027 $281

2011 513 $214,007 $241

2012 934 $225,263 $234

2013 848 $260,190 $259


HILLSBORO


2010 5 $6,430,000 $743

2011 2 $5,950,000 $773

2012 2 $13,075,000 $1,296

2013 4 $5,631,250 $919

Change g100% h57% h29%

FORT LAUDERDALE

SIN

GLE

-FA

MIL

Y H

OM

ES

LIGHTHOUSE POINT


2010 80 $621,015 $235

2011 50 $700,287 $207

2012 81 $674,857 $211

2013 98 $786,875 $257


SIN

GLE

-FA

MILY

HO

ME

S

15

M I A M I / S O U T HCoral Gables, known as the “ City Beautiful”, is home to historical architecture, museums, art galleries and world-class dining. With exclusive communities such as Coco Plum and Gables Estates, it continues to be one of the finest places to live in Miami. This area offers excellent schools, high-end shopping in the Village of Merrick Park, and fine dining along the ever-popular Miracle Mile. Coral Gables and its surrounding neighborhoods provide the ideal residence for families and young professionals alike.

C O C O N U T G R O V E / C O R A L G A B L E S / P I N E C R E S T / P A L M E T T O B AY

16

W: $788,779N: $734,813

W: $816,580N: $700,393

W: $3,176,571N: $732,484

W: $6,687,500N: $908,122

$409

14 2 61 8 115 28 105 53

2010 2011 2012 2013

$380

$223

120

100

80

60

40

20

0

$418

$443

$296 $304

$550

$450

$350

$250

$150

$243

waterfront (W) non-waterfront (N): $500K+

$693

5 38 6 131 7 186 2 215

2010 2011 2012 2013

$480

$259

250

200

150

100

50

0

$545

$440

$266

$335

$700

$600

$500

$400

$300

$200

$100

$244


COCONUT GROVE: SINGLE-FAMILY HOMES

COCONUT GROVE: CONDOS

W: $5,665,000

N: $676,577

W: $2,870,000N: $685,835

W: $661,893

N: $1,047,500

W: $739,211N: $645,313

Coconut Grove waterfront and non-waterfront condos have consistently increased in price since 2011, as has the number of transactions. With luxury condo developments set to debut in the next couple of years, condo prices are sure to continue to rise.

Although it appears that waterfront homes dropped in avg. price/square foot in 2013, the small sampling of only two homes is not a good indicator of its overall health. With an average sale price of about $6.7 million in 2013, Coconut Grove proves to be an extremely desirable residential area.

C O C O N U T G R O V E

Avg. Sale Price20

1120

1020

1220

13

Avg. Sale Price

2011

2010

2012

2013

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: w 111% N: W 24%

# TRANSACTIONS

W: X 71% N: W 16%

AVG. $/SF

W: X 19% N: W 26%

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: W 4% N: X 5%

# TRANSACTIONS

W: X 9% N: W 89%

AVG. $/SF

W: W 6% N: W 3%

W: Waterfront N: Non-waterfront

17

W: $1,495,444N: $737,344

W: $2,184,444

N: $673,810

$528

9 21 5 12 18 25 16 35

2010 2011 2012 2013

$382

$290

40

35

30

25

20

15

10

5

0

$440

$481

$307

$354

$550

$500

$450

$400

$350

$300

$250

$200

$257


$264

$529

48 295 45 281 84 486 76 567

2010 2011 2012 2013

$507

$281

600

500

400

300

200

100

0

$598$576

$267

$305

$650

$600

$550

$500

$450

$400

$350

$300

$250

$200

$150


CORAL GABLES: SINGLE-FAMILY HOMES

CORAL GABLES: CONDOS

W: $1,223,000N: $738,500

W: $1,664,531N: $731,671

Historic Coral Gables has long been a desirable residential area, and 2013 was no exception. While the average sales price and the average price per square foot for waterfront homes dropped slightly in 2013, median sale prices increased 4% from 2012, displaying a steady uptrend for this area.

Condos only account for about 33% of all Coral Gables residences, but market trends display steady growth since 2010. Although the number of waterfront transactions slightly dipped in 2013, an increased avg. price per square foot and median sale price of $1,360,000 are positive indicators.

Avg. Sale Price

W: $2,744,387N: $828,57920

11

W: $2,923,495

N: $708,5332010

W: $3,387,174N: $715,22920

12

W: $3,107,759N: $830,54220

13

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: X 8% N: W 16%

# TRANSACTIONS

W: X 10% N: W 17%

AVG. $/SF

W: X 4% N: W 14%

2012 - 2013 % CHANGE

AVG. SALE PRICE # TRANSACTIONS AVG. $/SF

W: w 11% N: x 1% W: X 11% N: W 40% W: w 9% N: w 15%

C O R A L G A B L E S

Avg. Sale Price

2011

2010

2012

2013


18

$9,888,182

$7,146,000

W: $3,243,145N: $1,583,333

W: $3,336,173N: $2,368,588

$4,150,000

$5,243,633

$694

1 3 11 7

2010 2011 2012 2013

$935

12

11

10

9

8

7

6

5

4

3

2

1

0

$988 $928

$1,000

$950

$900

$850

$800

$750

$700

$650

$600

all properties

$507

4 4 7 14 11 6 14 9

2010 2011 2012 2013

$594

$382

18

16

14

12

10

8

6

4

2

0

$529$547

$316

$407

$600

$550

$500

$450

$400

$350

$300

$250

$368


COCOPLUM: SINGLE-FAMILY HOMES

GABLES ESTATES: SINGLE-FAMILY HOMES

W: $3,318,750

N: $2,247,188

W: $4,303,571N: $1,908,929

200 acres of some of the best and most desirable Coral Gables real estate lie within Gables Estates, off beautiful Old Cutler Road. These large homes have been consistently selling above $900 per foot for the past three years, well over the area average. 2014 promises to follow a similar trend.

An exclusive enclave in the heart of Coral Gables, the islands of Cocoplum house beautiful single-family homes. While waterfront homes are in line with the overall Coral Gables average, non waterfront homes in this community are about $100 per foot more than the rest of the area.


Avg. Sale Price20

1120

1020

1220

13

Avg. Sale Price

2011

2010

2012

2013

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: w 3% N: W 50%

# TRANSACTIONS

W: w 27% N: W 50%

AVG. $/SF

W: w 3% N: W 29%

2012 - 2013 % CHANGE

AVG. SALE PRICE

x 28%

# TRANSACTIONS

x 36%

AVG. $/SF

x 6%


19

OLD CUTLER COMMUNITIES: SINGLE-FAMILY HOMES

SNAPPER CREEK L AKES: SINGLE-FAMILY HOMES

4 6

2012 2013

8

7

6

5

4

3

2

1

0

$661

$673

$700

$690

$680

$670

$660

$650

$640

$630

$620

$610

$600

waterfront (W)

$496

1 4 2 4 1

2011 2012 2013

5

4

3

2

1

0

$426

$345

$471$500

$460

$420

$380

$340

$300

$438

4

$374


W: $4,550,000

W: $3,176,250

W: $8,000,000N: $2,986,563

W: $3,100,000N: $2,456,250

W: $4,200,000N: $2,896,250

Snapper Creek Lakes is a private community with a mere 124 residences, many of which are on lakes or on a canal with quick access to Biscayne Bay. Four of the five transactions closed in 2013 were for non-waterfront homes at an avg. of $471 per square foot, an increase of 37% from 2012.

This prestigious gated community offers large waterfront homes set in expansive lots with close proximity to the heart of Coral Gables. This small community had the most transactions in 2013 and closed at an average of $673 per foot. There were no transactions in 2010 or 2011.

W: NAN: NA

W: NA

W: NA


Avg. Sale Price

2011

2010

2012

2013

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: w 35% N: W 18%

# TRANSACTIONS

W: X 50% N: 0%

AVG. $/SF

W: X 12% N: W 37%

2012 - 2013 % CHANGE


W: w 43% W: w 50% W: w 2%

Avg. Sale Price

2011

2010

2012

2013


20

$325

7 26 43 48

2010 2011 2012 2013

$336 $336

$302

50

40

30

20

10

0

$350

$325

$300

$275

non-waterfront (N)

PONCE DAVIS, HIGH PINES: SINGLE-FAMILY HOMES

DEERING BAY: CONDOS

$298

1 4 3

2010 2011 2012 2013

$332

$221

15

10

5

0

$340

$345$341

$285

$400

$300

$200

$100

$04 1 12 80


W: $925,375

N: NA

W: $1,400,000N: $607,000

W: $1,098,846N: $988,688

W: $1,058,938N: $923,333

N: $1,147,386

N: $1,243,900

N: $1,270,581

N: $1,631,271

Home to beautiful residences and an Arnold Palmer golf course, Deering Bay offers residents the ideal lifestyle. The average price per square foot for waterfront transactions has been steadily on the rise since 2010, while non-waterfront transactions are too few to accurately portray true value.

Sitting just outside the city limits of South Miami and Coral Gables, this area offers large homes amidst lush landscaping and close proximity to the area’s best schools. With average sale prices below those of neighboring communities, the Ponce-Davis, High Pines area is a hidden gem.


Avg. Sale Price20

1120

1020

1220

13

Avg. Sale Price

2011

2010

2012

2013

2012 - 2013 % CHANGE

AVG. SALE PRICE

N: W 28%

# TRANSACTIONS

N: W 12%

AVG. $/SF

N: x 10%

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: x 4% N: x 7%

# TRANSACTIONS

W: x 33% N: x 25%

AVG. $/SF

W: w 1% N: x 16%


21

Avg. Sale Price

2011

2010

2012

2013

2012 - 2013 % CHANGE

AVG. SALE PRICE

N: W 20%

# TRANSACTIONS

N: x 15%

AVG. $/SF

N: W 27%

2012 - 2013 % CHANGE


W: x 46% N: W 17% W: x 24% N: W 11% W: x 33% N: W 12%

Avg. Sale Price

2011

2010

2012

2013

$270

3 42 6 181

21

20416

226

2010 2011 2012 2013

$466

$240

250

200

150

100

50

0

$364

$230$245

$500

$400

$300

$200

$100

$0

$243


$258

$139

55 210 342 291

2010 2011 2012 2013

$125

350

300

250

200

150

100

50

0

$125

$159

$200

$175

$150

$125

$100

non-waterfront (N)

PALMET TO BAY: SINGLE-FAMILY HOMES

PINECREST: SINGLE-FAMILY HOMES

W: $1,531,047

N: $1,140,275

W: $1,944,167N: $1,005,875

W: $1,416,720N: $965,579

W: $768,959N: $1,131,017

N: $411,292

N: $366,096

N: $380,836

N: $457,814

The village of Palmetto Bay lies South of Pinecrest. Although the number of transactions in this area dropped by 15%, the average sales price and the average price per square foot increased 20% and 27% respectively, representing a great recovery from the 2010-2011 dip.

This community, currently about 8 square miles large, is now expanding west with new developments set to launch over the next few years. Recent trends show that non-waterfront homes are the strongest sector of the Pinecrest market with a 17% increase in average sale prices in 2013.

S O U T H M I A M I


22

Vizcaya Museum & Gardens

D O W N T O W NKey Biscayne, the luxurious residential island located on Biscayne Bay, is known for its beautiful views, beaches and quaint lifestyle with an international flair. The number of transactions for condos and single-family homes in Key Biscayne dropped in 2013 compared to the years prior. However, the average price per square foot increased across the board for all properties from 2012.

Greater Downtown Miami has become the place to see and be seen due to its recent growth. New developments and iconic cultural centers include the Perez Art Museum in Downtown Miami and Brickell City Centre, which will offer 5.4 million square feet of high-end commercial, residential and hotel space in the center of the Financial District. These areas will continue to thrive tremendously with the introduction of additional fine dining, entertainment and luxury living with exclusive condominiums such as One Thousand Museum designed by renowned architect Zaha Hadid.

K E Y B I S C A Y N E / B R I C K E L L / D O W N T O W N / M I D T O W N

Picture provided by One Thousand Museum.

24

279

88 32 217 73 157 67

2010 2011 2012 2013

$286

250

200

150

100

50

0

$375

$445

$700

$600

$500

$400

$300

$200

$262

$458

$545$570

$645


$1,265

4 22 5 38 16 58 8 55

2010 2011 2012 2013

$573

60

50

40

30

20

10

0

$580$689

$2,000

$1,500

$1,000

$500

$0

$490

$1,901

$1,214 $1,239


KEY BISCAYNE: SINGLE-FAMILY HOMES

KEY BISCAYNE: CONDOS

W: $913,041

N: $278,778

W: $1,120,685N: $330,922

W: $1,105,673N: $550,395

W: $1,125,631N: $595,686

W: $6,523,875

N: $1,428,477

W: $6,160,000N: $1,668,184

W: $6,998,625N: $1,754,948

W: $6,845,000N: $2,211,873

The avg. price per square foot to acquire a waterfront condo in Key Biscayne increased by 13% in 2013. The decrease in the number of closed transactions from 217 in 2012 to 157 in 2013 is due to a lack of inventory, in the area. With the eminent launch of a new condo, the area’s value is sure to rise.

Waterfront homes in this lavish island have brought in over $1,000 per square foot over the past 4 years. While the average spiked in 2011, the average sale prices were consistently in the $6M range. Non-waterfront homes were the bulk of the transactions, where prices have steadily increased.

K E Y B I S C AY N E

Avg. Sale Price20

1120

1020

1220

13

Avg. Sale Price

2011

2010

2012

2013

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: x 2% N: W 26%

# TRANSACTIONS

W: X 50% N: x 5%

AVG. $/SF

W: w 2% N: W 19%

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: W 2% N: w 8%

# TRANSACTIONS

W: X 28% N: x 8%

AVG. $/SF

W: W 13% N: W 19%


25

$336

3 31 6 202

21

37916

347

2010 2011 2012 2013

$336

$250

800

700

600

500

400

300

200

100

0

$382

$318$310

$337

$400

$300

$200

$100

$0

$198

94 421 756 776


1 1 4 12

2010 2011 2012 2013

$251

15

14

13

12

11

10

9

8

7

6

5

4

3

2

1

0

$173

$351

$400

$300

$200

$100

$138

non-waterfront (N)

BRICKELL: SINGLE-FAMILY HOMES

BRICKELL: CONDOS

W: $501,673

N: $207,823

W: $451,628N: $244,879

W: $502,870N: $291,043

W: $590,115N: $364,999

N: $420,000

N: $2,250,000

N: $490,500

N: $1,087,908

Brickell is an urban neighborhood just South of Downtown Miami and North of Coconut Grove. With a few single-family homes in the area and a great deal of development with new restaurants and entertainment, it is no wonder prices soared in 2013 with an avg. sale price of over $1 million.

Historic Brickell Avenue, once home to lavish mansions, is now lined with luxury condos. The area has greatly developed over the years, becoming one of the largest financial districts in the US. An ideal area to live, prices will surely rise with the debut of mega projects like Brickell City Centre.

B R I C K E L L / D O W N T O W N

Avg. Sale Price

2011

2010

2012

2013

2012 - 2013 % CHANGE

AVG. SALE PRICE

N: W 122%

# TRANSACTIONS

N: W 200%

AVG. $/SF

N: W 110%

2012 - 2013 % CHANGE


W: w 11% N: w 25% W: w 80% N: x 8% W: w 14% N: w 9%

Avg. Sale Price

2011

2010

2012

2013


26

$274

3 27 6 173 316 359

2010 2011 2012 2013

$273

$180

700

600

500

400

300

200

100

0

$316

$188

$240

$304

$400

$300

$200

$100

$0

$207

49 302 581 624


$260

16 1 527

89 5 16912

2010 2011 2012 2013

$261

$240

200

160

120

80

40

0

$307

$479

$247

$412

$500

$400

$300

$200

$100

$248


BRICKELL KEY: CONDOS

DOWNTOWN: CONDOS

W: $344,980

N: $186,296

W: $328,559N: $173,154

W: $369,304N: $219,426

W: $482,103N: $306,225

W: $335,781

N: $410,000

W: $303,187N: $233,143

W: $343,809N: $239,800

W: $631,537N: $445,773

Downtown Miami is a highly sought-after area with the surge of cultural centers such as the Adrienne Arsht Center, the Perez Art Museum and the American Airlines Arena. With record-breaking prices by condos such as One Thousand Museum, Downtown’s value looks highly promising.

Brickell Key, with just twelve condo towers and no remaining buildable land, has skyrocketed with the development of Brickell and Downtown Miami. This small, exclusive island will undoubtedly continue to rise in value over the next few years.

B R I C K E L L / D O W N T O W N

Avg. Sale Price

2011

2010

2012

2013

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: w 84% N: W 86%

# TRANSACTIONS

W: w 90% N: W 140%

AVG. $/SF

W: w 56% N: W 67%

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: w 31% N: W 40%

# TRANSACTIONS

W: w 7% N: W 14%

AVG. $/SF

W: x 41% N: W 27%


Avg. Sale Price20

1120

1020

1220

13

27

0

2010 2011 2012 2013

$393

$274

$509 $592

$219

$269

$600

$500

$400

$300

$200

$100

$09 8 126

$182

100

90

80

70

60

50

40

30

20

10

065 76 9876

$419


$189

18 15 6 75

21

153 201

2010 2011 2012 2013

$179

$158

350

300

250

200

150

100

50

0

$257

$348

$229

$332

$400

$300

$200

$100

$0

$149

137 257 305


MIDTOWN / BISCAYNE CORRIDOR: ALL CONDOS

UPPER EAST SIDE: SINGLE-FAMILY HOMES

W: $241,168

N: $141,500

W: $201,782N: $161,545

W: $275,270N: $222,308

W: $381,154N: $315,697

W: $2,315,833N: $411,140

W: $1,473,888N: $365,361

W: $2,190,000N: $538,977

W: $2,851,154N: $628,601

As neighboring Downtown Miami and Brickell continue to thrive, residents are seeking homes in close proximity. Biscayne Corridor has greatly developed over the years with new luxury condos, as has Midtown with the introduction of several world-class restaurants and boutiques.

Belle Meade, Bay Point, Morningside, and the Design District have become known as Miami’s Upper East Side. This up-and-coming area has grown over the past years and sale prices have reached nearly $600 per foot for waterfront homes and over $250 per foot for non-waterfront homes.

M I D T O W N

Avg. Sale Price

2011

2010

2012

2013

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: w 38% N: W 42%

# TRANSACTIONS

W: w 19% N: W 31%

AVG. $/SF

W: w 36% N: W 45%

2012 - 2013 % CHANGE


W: w 30% N: w 17% W: w 50% N: W 29% W: w 16% N: w 23%

Avg. Sale Price

2011

2010

2012

2013


28

Wynwood Walls artwork by Retna

M I A M I B E A C HMiami Beach shines brightly on a global scale. In our firm’s markets from single-family homes to condominiums, the average price per square foot has climbed more than 20%, as buyers of tropical retreats pay top dollar for a piece of the American Riviera. Last year’s resurgence in new residential developments has resulted in a real estate market that’s hotter than ever. This next wave vastly expands on “starchitecture” that projects such as Apogee and St. Regis Bal Harbour reintroduced to the island. The area hasn’t seen this level of creativity and attention to detail since its Art Deco and Mid-century Modern heyday. These designers’ fresh, innovative concepts take luxury to an unprecedented height that factors in culture and lifestyle to high-end amenities, decor and location.

S O U T H B E A C H / M I D B E A C H / N O R T H B E A C H / T H E I S L A N D S

Picture provided by the DS Team.

30

W: $707,982

N: $165,290

W: $635,495N: $205,185

W: $707,954N: $239,634

W: $752,708N: $255,967

M I A M I B E A C H$594

6 497

21

98416

1,072

2010 2011 2012 2013

$523

$252

2,000

1,800

1,600

1,400

1,200

1,000

800

600

400

200

$593 $584

$297$256

$700

$600

$500

$400

$300

$200

$100

$0

$223

1,000 1,845 1,8832501,022


$609

6 111

21

17916

222

2010 2011 2012 2013

$722

$339

250

200

150

100

50

0

$735

$839

$317

$430

$900

$800

$700

$600

$500

$400

$300

$200

$100

$0

$278

66 116 12111664


MIAMI BEACH: SINGLE-FAMILY HOMES

MIAMI BEACH: CONDOS

W: $2,936,434

N: $773,183

W: $3,610,224N: $953,575

W: $3,988,183N: $844,971

W: $3,945,551N: $1,230,851

Prices for waterfront and non-waterfront condos have followed a similar trend. They slowly increased during 2010-2012 largely due to developments launching in this area, with more underway. 2013 showed a slight increase in average sale price with a small decrease in price per square foot.

M I A M I B E A C H

Miami Beach’s waterfront properties are home to several local and international celebrities due to the beautiful views. Prices for these homes have not seen higher prices in over 5 years. Whether waterfront or non-waterfront, homes in Miami Beach are ideally situated and very marketable.

Avg. Sale Price

2011

2010

2012

2013

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: x 1% N: W 46%

# TRANSACTIONS

W: w 4% N: W 24%

AVG. $/SF

W: w 14% N: W 36%

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: w 6% N: W 7%

# TRANSACTIONS

W: x 1% N: W 9%

AVG. $/SF

W: x 2% N: x 14%


Avg. Sale Price20

1120

1020

1220

13

31

W: $737,231

N: $144,037

W: $923,850N: $181,872

W: $911,687N: $242,528

W: $734,248N: $234,505

$576

1575 164 200

2010 2011 2012 2013

$553

300

250

200

150

100

50

0

$881

$1,103

$1,400

$1,200

$1,000

$800

$600

$400

$200

$0

waterfront (W)

$631

6 267 54416

545

2010 2011 2012 2013

$851

$250

600

500

400

300

200

100

0

$871

$766

$333

$228

$1,000

$900

$800

$700

$600

$500

$400

$300

$200

$100

$0

$227

325 571 43027

83


SOUTH BEACH: CONDOS

SOUTH OF FIFTH: CONDOS

W: $845,129

W: $621,361

W: $1,283,980

W: $1,581,789

A thriving center for beautiful beaches, nightlife, shopping and dining, South Beach’s real estate runs north from 5th street to 22nd street. Prices in SoBe took a slight dip in 2013, but new luxury residences set to launch in the next two years will drastically change the average sale prices.

The South of Fifth enclave has grown into one of the most popular addresses in South Florida. SoFi condos and real estate are upscale and designed to standards of exclusive style and luxury, reflected in the very high price per square foot that condos in this area received in 2013.

S O U T H B E A C H

Avg. Sale Price

2011

2010

2012

2013

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: X 19% N: x 3%

# TRANSACTIONS

W: X 25% N: 0%

AVG. $/SF

W: X 12% N: x 32%

2012 - 2013 % CHANGE


W: w 23% W: w 22% W: w 25%

Avg. Sale Price

2011

2010

2012

2013


32

$370

$281

4 10 9 133 13 23 22

2010 2011 2012 2013

$745

$256

25

20

15

10

5

0

$300

$674

$979

$400

$1,000

$800

$600

$400

$200

$0


$364

3 5 6 41

21

8516

74

2010 2011 2012 2013

$329

$239

600

500

400

300

200

100

0

$388

$460

$236

$300

$500

$400

$300

$200

$100

$0

$330

53 297 519 544


MID BEACH: CONDOS

NORTH BAY ROAD & PINE TREE DRIVE: SF HOMES

W: $464,247

N: $196,400

W: $400,298N: $188,918

W: $467,646N: $202,828

W: $568,881N: $217,718

W: $3,275,000

N: $690,000

W: $4,823,879

N: $775,000

W: $6,302,778

N: $845,000

W: $7,194,615

N: $1,218,591

North Bay Road and Pine Tree Drive are home to historical waterfront estates, some of which were originally built in the 1920s. Prices along these streets are consistent with the most exclusive areas in Miami Beach, at almost $1000 per square foot in 2013.

The Mid Beach section of Miami Beach runs from 24th to 63rd Street. While less transient than the popular South Beach area, condos receive high prices per square foot due to the great beaches and ocean views. Since 2011, prices have been on the rise, a trend which will likely continue in 2014.

M I D B E A C H

Avg. Sale Price

2011

2010

2012

2013

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: w 22% N: W 7%

# TRANSACTIONS

W: w 5% N: x 13%

AVG. $/SF

W: w 19% N: W 27%

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: w 14% N: W 29%

# TRANSACTIONS

W: w 44% N: x 4%

AVG. $/SF

W: w 45% N: W 13%


Avg. Sale Price20

1120

1020

1220

13

33

W: $336,555

W: $377,759

W: $484,252

W: $510,753

0 4 6 9

21

1316

10

2010 2011 2012 2013

$493

$406

15

10

5

0

$792

$856

$406$430

$900

$800

$700

$600

$500

$400

$300

$200

$100

$0

$256

3 2 5


$325

26 142 258 276

2010 2011 2012 2013

$344

300

250

200

150

100

0

$441

$497

$600

$500

$400

$300

$200

$100

$0

waterfront (W)

NORTH BEACH: CONDOS

BAL HARBOUR: SINGLE-FAMILY HOMES

W: NA

N: $792,750

W: $2,204,000N: $1,316,611

W: $5,637,500N: $1,580,963

W: $3,550,000N: $1,390,000

North Beach runs from 63rd to 87th street in Miami Beach. Condos and homes are situated in an area surrounded by water, with the Atlantic to the east and the Intracoastal to the west. Due to this, prices have consistently risen over the past 4 years and there is no doubt this will continue in 2014.

Luxurious mansions and mid-century modern properties line the Intracoastal Waterways, where the average price per square foot has been dramatically increasing since 2011. Prices for non waterfront homes have increased modestly, but the desirability of this area can’t be denied.

N O R T H B E A C H

Avg. Sale Price

2011

2010

2012

2013

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: w 5%

# TRANSACTIONS

W: w 7%

AVG. $/SF

W: W 13%

2012 - 2013 % CHANGE


W: x 37% N: x 12% W: w 150% N: x 23% W: w 8% N: w 6%

Avg. Sale Price

2011

2010

2012

2013


34

$592

20 48 82 78

2010 2011 2012 2013

$767

100

75

50

25

0

$777

$874

$900

$800

$700

$600

$500

$400

$300

$200

$100

$0

waterfront (W)

51 27 6 26

21

5616

58

2010 2011 2012 2013

$422

$148

$454

$551

$153

$188

$117

112 189 249

$324

$600

$500

$400

$300

$200

$100

$0

250

200

150

100

50

0


BAL HARBOUR: CONDOS

FISHER ISL AND: CONDOS

W: $465,194

N: $123,170

W: $636,545N: $143,413

W: $693,686N: $160,585

W: $892,679N: $220,133

W: $1,241,000

W: $2,751,313

W: $2,230,244

W: $2,797,833

Fisher Island has been dubbed one of the most exclusive communities in the US, with one of the highest incomes per capita. It includes a hotel, private marina and golf course, with access only by boat or ferry. Already known as a highly priced area, prices have increased further in recent years.

As Miami Beach begins to develop, Bal Harbour, which sits just North, is becoming favorable to more than just the out-of-towners. The trend in Bal Harbour shows consistent increases in the number of transactions and prices since 2010, indicating genuine growth for the beach-side community.

N O R T H B E A C H / T H E I S L A N D S

Avg. Sale Price

2011

2010

2012

2013

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: w 29% N: W 37%

# TRANSACTIONS

W: w 32% N: W 4%

AVG. $/SF

W: w 21% N: W 23%

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: w 25%

# TRANSACTIONS

W: x 5%

AVG. $/SF

W: w 12%


Avg. Sale Price20

1120

1020

1220

13

35

$574

$177

3 3 8 8 16 15 15 20

2010 2011 2012 2013

$586

$400

25

20

15

10

5

0

$775

$484

$959

$505

$1,200

$900

$600

$300

$0


$733

3 9 12 10

2010 2011 2012 2013

$760

15

10

5

0

$1,085

$992

$1,200

$900

$600

$300

$02 4 6 5

$413

$278$263

$355


PALM / HIBISCUS / STAR ISL ANDS: SF HOMES

THE VENETIAN ISL ANDS: SINGLE-FAMILY HOMES

W: $2,691,667

N: $1,549,500

W: $3,829,667N: $997,058

W: $7,515,250N: $1,294,500

W: $5,391,675N: $1,160,000

W: $1,741,667

N: $806,667

W: $2,933,125

N: $1,080,625

W: $3,589,594

N: $1,170,400

W: $5,068,333

N: $1,245,462

Palm, Star, and Hibiscus Islands are highly exclusive islands off the MacArthur Causeway in Miami Beach. Excessively large homes in these areas drive the average price per square foot down, but average sale prices are over $5 million for the homes along the waterfront.

Prime real estate in the form of condos and homes on Biscayne Bay and along the Venetian Causeway can be found on the Venetian Islands. Homes have drastically increased in price over the years largely due to its ideal location between Downtown Miami and South Beach, both thriving areas.

T H E I S L A N D S

Avg. Sale Price

2011

2010

2012

2013

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: X 28% N: x 10%

# TRANSACTIONS

W: X 17% N: x 17%

AVG. $/SF

W: X 9% N: x 33%

2012 - 2013 % CHANGE


W: w 41% N: W 6% W: X 6% N: W 33% W: w 24% N: W 4%

Avg. Sale Price

2011

2010

2012

2013


36

W: NA

N: NA2 5 1 2 22

2011 2012 2013

5

4

3

2

1

0

$722

$526

$1,692

$467

$1,800

$1,500

$1,200

$900

$600

$300

$0

$850

$513


$168

$448

133 4 17 6 9 8

2010 2011 2012 2013

$813

$439

$521

20

15

10

5

0

$979 $1,005

$526

$1,200

$900

$600

$300

$0


SUNSET ISL ANDS: SINGLE-FAMILY HOMES

L A GORCE: SINGLE-FAMILY HOMES

W: $9,050,000

N: $2,335,200

W: $5,750,000

N: $2,187,500

W: $21,875,000

N: $2,177,500

W: $1,600,000

N: $1,600,833

W: $4,391,667

N: $1,320,000

W: $6,626,541

N: $1,628,500

W: $6,875,889

N: $1,674,125

A hidden gem of Miami Beach, La Gorce Island lies North of Pine Tree Drive and at the end of North Bay Road. Its entrance is guard-gated and patrolled by land and sea 24 hours a day. This exclusivity comes at a price, with 2 sales in 2013 averaging over $21 million.

Homes on the Sunset Islands maintain a small-community atmosphere. Ideal location, stunning views and waterfront access make these residences highly sought after, resulting in record-breaking sales. This area has shown great price growth over the past years.

T H E I S L A N D S

Avg. Sale Price

2011

2010

2012

2013

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: w 4% N: W 3%

# TRANSACTIONS

W: x 47% N: W 33%

AVG. $/SF

W: w 3% N: W 1%

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: w 280% N: 0%

# TRANSACTIONS

W: w 100% N: 0%

AVG. $/SF

W: w 134% N: x 11%


Avg. Sale Price20

1120

1020

1220

13

37

1 4 93 2 13 5 10

2010 2011 2012 2013

$493

$406

15

10

5

0

$519

$406

$1,070

$430

$1,400

$1,200

$1,000

$800

$600

$400

$200

$0


$256

$356

$2,000

$1,500

$1,000

$500

$0

$1,179

5

4

3

2

1

0

2011

3

2012

0

2013

$1,853

0

2010

1

waterfront (W)

INDIAN CREEK: SINGLE-FAMILY HOMES

BAY HARBOR: SINGLE-FAMILY HOMES

W: $9,300,000

W: NA

W: $34,651,667

W: NA

W: $800,000

N: $792,750

W: $2,204,000

N: $1,316,611

W: $1,767,500

N: $1,580,963

W: $6,210,000

N: $1,390,000

With about 40 residences, a premiere golf course and the exclusive Indian Creek Country Club, the island of Indian Creek offers its residents the best in luxury living. Prices are some of the highest in South Florida, yet being such a small and exclusive area, there were no transactions in 2013.

Bay Harbor Islands connect the mainland with Bal Harbour, thus providing island living with the conveniences of a bustling city. With just a few homes on the market each year, prices are always on the high side, but 2013 was a winner, with a median price of $4,550,000 for the five homes sold.

T H E I S L A N D S

Avg. Sale Price

2011

2010

2012

2013

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: NA

# TRANSACTIONS

W: NA

AVG. $/SF

W: NA

2012 - 2013 % CHANGE


W: w 251% N: x 12% W: w 150% N: x 23% W: w 106% N: W 6%

Avg. Sale Price

2011

2010

2012

2013


38

Indian Creek

M I A M I / N O R T HSunny Isles Beach and Aventura have been home to a wealth of new developments and privileged residents over recent years. Extensive views of the intracoastal waterways and the pristine Atlantic Ocean provide an idyllic setting for a home in the sky. The development of several high-end condominiums, such as Bellini in William’s Island, has elevated the standard of living in these communities and has driven prices above years past. Not to be overlooked, is the neighboring oceanfront town of Golden Beach, which offers extravagant living in beautiful single-family homes. The town offers a mile long private beach, unsurpassed security with its own police department and an ideal location minutes from Miami and Fort Lauderdale.

G O L D E N B E A C H / S U N N Y I S L E S / A V E N T U R A

40

M I A M I / N O R T H $340

76 397 817 751

2010 2011 2012 2013

$354

1,000

800

600

400

200

0

$421 $433

$450

$400

$350

$300

$250

$200

$150

$100

$50

$0

waterfront (W)

15

10

5

0

$765

$1,000

$900

$800

$700

$600

$500

$400

$300

$200

$100

$06 5

2011

$302

$225

12

21

6

2012

$223

5 5

2013

$847

$393

122

2010

$218

2

$913


GOLDEN BEACH: SINGLE-FAMILY HOMES

SUNNY ISLES: CONDOS

W: $546,310

W: $531,374

W: $636,968

W: $731,979

W: $3,901,000N: $567,500

W: $2,917,500N: $692,000

W: $5,132,600N: $1,205,833

W: $4,733,958N: $1,307,000

Sunny Isles, once lined with small hotels, is now predominantly composed of luxury, high-rise condos directly on the beach, with views of the intracoastal and the ocean. From 76 transactions in 2010 to 400 the following year and over 750 in 2013, it is evident that this area is on the rise.

Golden Beach is home to oceanfront estates on the Atlantic Ocean, a rarity in South Florida. With restricted commercial and high-rise development, homes provide the intimacy of a small community next to a large city —a clear indication as to why prices are on the upswing for Golden Beach.

G O L D E N B E A C H / S U N N Y I S L E S

Avg. Sale Price

2011

2010

2012

2013

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: x 8% N: W 8%

# TRANSACTIONS

W: w 140% N: x 17%

AVG. $/SF

W: w 11% N: W 76%

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: w 15%

# TRANSACTIONS

W: x 8%

AVG. $/SF

W: w 3%


Avg. Sale Price20

1120

1020

1220

13

41

$227

475 465 959 937

2010 2011 2012 2013

$219

1,000

800

600

400

200

0

$233

$277

$300

$250

$200

$150

$100

$50

$0

waterfront (W)

12

2010

30

20

10

0

$400

$350

$300

$250

$200

$150

$100

$50

$0

$230

6 8

2011

$239

$233

10

21

15

2012

$332

$238

20 18

2013

$375

$266

3019

$307


AVENTURA: SINGLE-FAMILY HOMES

AVENTURA: CONDOS

W: $1,014,351

N: $598,333

W: $625,700N: $722,250

W: $996,700N: $656,045

W: $1,103,275N: $747,391

W: $377,961

W: $356,359

W: $390,097

W: $530,460

Aventura’s central location and endless amenities make it a great option for international and local buyers looking for spacious single-family homes. Although Aventura is predominantly composed of condos, the single-family market has grown with prices of around $300 per square foot.

Transplanted from major international metropolitan areas, most of Aventura’s residents prefer the high-rise lifestyle, therefore causing the spike in the number of transactions over the last 2 years.

AV E N T U R A

Avg. Sale Price

2011

2010

2012

2013

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: w 14% N: W 11%

# TRANSACTIONS

W: w 50% N: W 20%

AVG. $/SF

W: w 13% N: W 12%

2012 - 2013 % CHANGE


W: w 36% W: X 2% W: w 19%

Avg. Sale Price

2011

2010

2012

2013


42

Williams Island

BROWARD COUNT YLong known as the Venice of America and the Yachting Capital of the World due to its waterfront living and abundance of wealth, Fort Lauderdale has proven to be a city on the rise. A bustling downtown, beautiful beaches and quiet residential neighborhoods all combine to make this city a beautiful place to call home. With prices moderately behind those of Miami neighborhoods, Fort Lauderdale is becoming the next great investment opportunity with beautiful new developments including Privage along the intracoastal.

FORT LAUDERDALE / HOLLYWOOD & HALLANDALE BEACHES / HILLSBORO

Picture provided by Susan Rindley.

44

BROWARD COUNT Y652

2010

1,200

800

400

0

$350

$300

$250

$200

$150

$100

$50

$0

$187

6 608

2011

$311

$179

696

21

894

2012

$302

$154

1,00616

978

2013

$327

$202

1,107672

$328


911

2010

1,500

1,000

500

0

$350

$300

$250

$200

$150

$100

$50

$0

$128

6 950

2011

$316

$100

273

21

1,242

2012

$161

$66

35816

1,403

2013

$211

$158

406248

$346


FORT L AUDERDALE: SINGLE-FAMILY HOMES

FORT L AUDERDALE: CONDOS

W: $365,748N: $168,633

W: $334,942N: $169,182

W: $374,302N: $189,126

W: $429,006N: $226,481

W: $1,036,301N: $199,269

W: $1,115,176N: $197,444

W: $1,104,812N: $237,162

W: $1,234,869N: $276,728

Waterfront condos in 2013 sold at a median price of $331,000, while non-waterfront condos sold for a median price of $130,000. As Fort Lauderdale continues to develop, this area will become the next South Florida hotspot, which will drive prices up. Now is the time to start investing.

Although just 25 miles north of Miami, Fort Lauderdale feels a world away with less Latin flair and a greater feeling of classic Americana. Fort Lauderdale’s price per square foot is often more favorable than Miami while offering the same amenities. 2013 saw increases throughout from 2012.

F O R T L A U D E R D A L E

Avg. Sale Price

2011

2010

2012

2013

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: w 12% N: W 17%

# TRANSACTIONS

W: w 13% N: W 13%

AVG. $/SF

W: w 31% N: W 139%

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: w 15% N: W 20%

# TRANSACTIONS

W: w 10% N: W 9%

AVG. $/SF

W: w 8% N: W 31%


Avg. Sale Price20

1120

1020

1220

13

45

$800

$700

$600

$500

$400

$300

$200

$100

$0

20

15

10

5

06

2011

$360

$272

11 4

21

2012

$577

$161

8 716

2013

$516

$268

15 70

2010

8

$580

$289

5


0

2010 2012 2013

70

60

50

40

30

20

10

0

$500

$400

$300

$200

$100

$05

2011

$385

$219

453

$412

$322

57 1

$411

$391

6526

$488


L AS OL AS ISLES: SINGLE-FAMILY HOMES

HARBOR BEACH: SINGLE-FAMILY HOMES

W: $2,140,150

N: NA

W: $2,017,192N: $818,000

W: $2,045,586N: $763,333

W: $2,010,327N: $1,300,000

W: $2,443,750N: $791,540

W: $2,293,182N: $1,040,000

W: $3,794,375N: $845,286

W: $3,917,183N: $736,071

Las Olas Isles stretches out along East Las Olas Boulevard from the Intracoastal to its Western canal. While the majority of single-family homes in this area are waterfront, the prime location has drastically driven up prices for the non-waterfront properties as well, specifically in 2013.

Harbor Beach is a luxury community located in Southeast Fort Lauderdale. Residents enjoy waterfront properties with deep-water dockage and gorgeous dry lots. Harbor Beach has been able to earn higher prices per square foot than some of the other Fort Lauderdale communities.


Avg. Sale Price

2011

2010

2012

2013

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: X 2% N: W 70%

# TRANSACTIONS

W: w 14% N: x 67%

AVG. $/SF

W: 0% N: W 21%

2012 - 2013 % CHANGE


W: w 3% N: x 13% W: w 88% N: 0% W: x 11% N: w 66%

Avg. Sale Price

2011

2010

2012

2013


46

0 6

2010 2011

$270

$382

4250

$332

100

80

60

40

20

01

2013

$367

$413

946

2012

04

63

$435

$220

$1,200

$,1000

$800

$600

$400

$200

$0


$1,200

$1,000

$800

$600

$400

$200

$0

$1,012

5

4

3

2

1

06

2011

$718

$302

2 3

2012

$666

0 116

2013

$766

$644

3 40

2010

2

$395

1


FORT L AUDERDALE BEACH: SINGLE-FAMILY HOMES

FORT L AUDERDALE BEACH: CONDOS

W: $387,866N: NA

W: $388,463N: $270,000

W: $374,773N: $319,750

W: $482,513N: $363,667

W: $3,925,000N: $499,900

W: $4,375,000N: $893,333

W: NAN: $1,800,000

W: $2,608,333N: $1,888,580

In the 1990s, Fort Lauderdale Beach became a very sought-after residential area. This has resonated with waterfront condo transactions over the past four years, all earning between $332 and $435 per square foot. Non-waterfront condos are few, yet on high demand for their proximity to the beach.

Fort Lauderdale Beach may be one of the most famous beach areas in the world. While only a few transactions have occurred, median prices for waterfront properties in 2013 were over $2.8 million and about $1.5 million for non-waterfront properties.


Avg. Sale Price

2011

2010

2012

2013

2012 - 2013 % CHANGE

AVG. SALE PRICE

N: W 5%

# TRANSACTIONS

N: W 300%

AVG. $/SF

N: x 3%

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: w 29% N: w 14%

# TRANSACTIONS

W: w 49% N: w 50%

AVG. $/SF

W: x 5% N: w 67%


Avg. Sale Price20

1120

1020

1220

13

47

0

2010 2011 2012 2013

$336

$217

$464

$382

$249$270

$500

$400

$300

$200

$100

$020 23 182

$434

$198

100

80

60

40

20

036 70 9618


0

2010 2011 2012 2013

$578

$228

$445

$489

$272

$330

$600

$500

$400

$300

$200

$100

$013 15 296

$490

$240

50

40

30

20

10

019 42 384


RIO VISTA: SINGLE-FAMILY HOMES

VICTORIA PARK / SUNRISE KEY / COLEE HAMMOCK: SF HOMES

W: $2,150,375N: $533,775

W: $1,382,262N: $523,737

W: $1,828,233N: $670,395

W: $1,529,017 N: $710,618

These neighborhoods offer single-family homes with historic architecture and tight-knit communities. The favorability of this area is evidenced in the steady rise of prices for non-waterfront properties since 2011. Waterfront homes dropped in 2012, but show regained strength in 2013.

W: $1,627,500N: $344,333

W: $1,822,125N: $391,710

W: $1,742,522N: $536,906

W: $2,330,972N: $588,606

These quaint neighborhoods along charming canals offer a suburban feeling within minutes of Downtown Fort Lauderdale. The majority of transactions in these neighborhoods were for the non-waterfront homes which have witnessed steady increases of all stats since 2010.


Avg. Sale Price

2011

2010

2012

2013

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: X 16% N: W 6%

# TRANSACTIONS

W: w 93% N: x 10%

AVG. $/SF

W: w 10% N: W 21%

2012 - 2013 % CHANGE


W: w 34% N: w 10% W: X 22% N: W 37% W: x 18% N: w 8%

Avg. Sale Price

2011

2010

2012

2013


48

0

2010 2011 2012 2013

$167

$152

$159

$205

$156$171

$300

$250

$200

$150

$100

$50

$0189 278 29273

$196

$168

500

400

300

200

100

0257 441 451106


2010 2011 2012 2013

$565

$277

$444

$600

$500

$400

$300

$200

$100

$03 10 74

$333

12

10

8

6

4

2

0

waterfront (W)

BAY COLONY: SINGLE-FAMILY HOMES

WESTON: SINGLE-FAMILY HOMES

W: $669,674N: $410,586

W: $559,888N: $383,909

W: $561,542N: $389,175

W: $652,213N: $441,611

Weston, ranked as the best place to live in Florida by Money Magazine, saw the highest price per square foot, number of sales, and average sale price in the last four years. While 2011 and 2012 show a downtrend, this is undoubtedly over for the community and recovery is well underway.

W: $1,255,000

W: $2,615,000

W: $1,665,000

W: $2,754,286

Bay Colony’s dockage starts at 100 feet, making it port to some of the city’s most coveted yachts. While average prices have fluctuated over the past years, the number of transactions has increased since 2010 and the average days on market has dropped steadily.


Avg. Sale Price

2011

2010

2012

2013

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: w 65%

# TRANSACTIONS

W: x 30%

AVG. $/SF

W: w 60%

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: w 16% N: W 13%

# TRANSACTIONS

W: w 5% N: W 2%

AVG. $/SF

W: w 29% N: W 10%


Avg. Sale Price20

1120

1020

1220

13

49

CORAL RIDGE / THE L ANDINGS: SINGLE-FAMILY HOMES

20

15

10

5

0

$500

$400

$300

$200

$100

$06 9

2011

$413

$149

10 9

2012

$391

$213

2016

18

2013

$332

$206

1810

2010

$168

2

$303


80

60

40

20

0

$400

$300

$200

$100

$06 34

2011

$222

$219

7 54

2012

$286

$199

4116

48

2013

$296

$201

4232

2010

$303

14

$292


L AUDERDALE BY THE SEA: SINGLE-FAMILY HOMES

W: $1,172,982N: $400,000

W: $1,219,639N: $358,489

W: $925,897N: $390,689

W: $1,033,833N: $515,375

W: $1,163,647N: $693,179

W: $830,929N: $597,765

W: $983,848N: $567,948

W: $1,016,674N: $602,458

Sitting on a barrier island with Fort Lauderdale a short distance to the East, Lauderdale by the Sea real estate offers plenty of charm and easy island living. The homes on this 1.5 square mile town are typically spacious, which helps retain a moderate average price per square foot.

Coral Ridge is a large neighborhood along the intracoastal, within less than a mile from the beach. The Landings is a boating community minutes from the golf course and beaches. It is the only gated waterfront neighborhood in NE Fort Lauderdale, making it a prestigious residential community.


2012 - 2013 % CHANGE

AVG. SALE PRICE

W: w 3% N: w 6%

# TRANSACTIONS

W: w 2% N: x 11%

AVG. $/SF

W: w 3% N: w 1%

2012 - 2013 % CHANGE

Avg. Sale Price

2011

2010

2012

2013


Avg. Sale Price

2011

2010

2012

2013

AVG. SALE PRICE

W: w 12% N: W 32%

# TRANSACTIONS

W: x 10% N: W 100%

AVG. $/SF

W: x 15% N: x 3%

50

19

2010

800

600

400

200

0

$350

$300

$250

$200

$150

$100

$50

$0

$267

6 60

2011

$267

$215

453 168

2012

$287

$181

76616

123

2013

$322

$196

725158

$295


40

30

20

10

0

$400

$350

$300

$250

$200

$150

$100

$50

$06 20

2011

$238

$119

12 24

2012

$207

$90

2116

32

2013

$362

$69

183

2010

$63

3

$251


HOLLYWOOD & HALLANDALE BEACHES: SINGLE-FAMILY HOMES

HOLLYWOOD & HALL ANDALE BEACHES: CONDOS

Hollywood and Hallandale Beach are nestled between Miami and Fort Lauderdale, offering the best of both worlds. Real estate in Hallandale Beach suits diverse budgets, ranging from more modest condo options to world-class oceanfront condominiums and luxurious waterfront homes.

While trends for single-family homes have been a bit disparate depending on property type (waterfront or non-waterfront), condos have followed similar trend lines since 2010 with recent upswings in 2013.

H O L LY W O O D / H A L L A N D A L E

W: $555,000N: $79,533

W: $696,013N: $201,080

W: $949,899N: $128,234

W: $1,283,542N: $115,708

Avg. Sale Price

2011

2010

2012

2013

2012 - 2013 % CHANGE

2012 - 2013 % CHANGE


AVG. SALE PRICE

W: w 35% N: x 10%

# TRANSACTIONS

W: X 14% N: W 33%

AVG. $/SF

W: w 75% N: x 23%

W: $346,738N: $125,316

W: $281,814N: $146,200

W: $302,621N: $147,905

W: $362,198N: $158,181

Avg. Sale Price20

1120

1020

1220

13


W: w 20% N: w 7% W: X 5% N: x 27% W: w 12% N: w 8%

51

0

2010 2011 2012 2013

$260

$154

$295

$353

$126

$161

$400

$300

$200

$100

$037 46 4614

$165

70

60

50

40

30

20

10

013 35 5266

$305


2010 2011 2012 2013

$773

$1,296

$919

$1,400

$1,200

$1,000

$800

$600

$400

$200

$02 2 45

$743

6

5

4

3

2

1

0

waterfront (W)

HILLSBORO BEACH: SINGLE-FAMILY HOMES

LIGHTHOUSE POINT: SINGLE-FAMILY HOMES

W: $875,421N: $366,608

W: $1,072,881N: $327,692

W: $1,064,235N: $285,480

W: $1,361,280N: $353,576

W: $6,430,000

W: $5,950,000

W: $13,075,000

W: $5,631,250

Known simply as Millionaire’s Mile, this community offers some of the most prestigious properties in South Florida based on its geography alone. With large lots, spacious interiors and great views, these rare homes are exclusive and not easy to come by with 13 transactions in the past 4 years.

Bordered by both the Intracoastal Waterways and the ocean, Lighthouse Point is home to gorgeous and manicured parks. While prices have been somewhat steady over the past four years – within a $100 range for both types of home – there was an increase for both sectors in 2013.

H I L L S B O R O

Avg. Sale Price

2011

2010

2012

2013

2012 - 2013 % CHANGE

AVG. SALE PRICE

W: X 57%

# TRANSACTIONS

W: w 100%

AVG. $/SF

W: X 29%

2012 - 2013 % CHANGE


W: w 28% N: w 24% W: 0% N: W 49% W: w 20% N: w 28%

Avg. Sale Price

2011

2010

2012

2013


52

Hillsboro Beach

P R E C O N S T R U C T I O N D E V E L O P M E N T S

Miami Beach Faena House 3315 Collins Avenue 2014

Miami Beach Beach House 8 3651 Collins Avenue 2015

Miami Beach Edition 2901 Collins Avenue 2014

Miami Beach 1 Hotel & Residences 2399 Collins Avenue 2014

Miami Beach Versailles on the Ocean 3425 Collins Avenue 2014

Miami Beach Glass Miami Beach 120 Ocean Drive 2015

Miami Beach Palau at Sunset Harbour 1201 20 Street 2014

Miami Beach Ritz-Carlton Residences 4701 N Meridian Avenue 2016

Miami Beach The Bath Club Estates 6747 Collins Avenue 2015

1,307 - 4,730

3,783 - 5,242

1,171 - 5,246

830 - 4,000

TBD

1,928 - 3,374

780 - 2,045

1,749 - 6,533

5,620 - 10,200

47

8

26

163

54

10

45

126

13

Key Biscayne Oceana 350 Ocean Drive 20151,800 - 7,500154

Coconut Grove Grove at Grand Bay 2675 S Bayshore Drive 20141,244 - 5,67095

Brickell 1010 Brickell 1010 Brickell Avenue 2016

Brickell Brickell House 1300 Brickell Bay Drive 2014

Brickell mybrickell 30 SE 6 Street 2014

Brickell NINE 999 SW 1 Avenue 2014

Brickell Millecento 1100 S Miami Avenue 2014

Brickell Brickell City Centre 6/7/8 Street & S Miami Ave. 2015

Brickell SLS Brickell 1300 S Miami Avenue 2014

Brickell Echo Brickell 1451 Brickell Avenue 2016

Brickell Bond Brickell 1080 Brickell Avenue 2015

Brickell Le Parc 1600 SW 1 Avenue 2015

850 - 1,922

420 - 1,775

600 - 1,220

744 - 2,098

578 - 1,462

TBD

717 - 1,505

760 - 4,300

558 - 2,100

576 - 1,968

352

374

192

390

382

820

450

180

323

128

Downtown One Thousand Museum 1000 Biscayne Boulevard 2016

Downtown ICON Bay 460 NE 28 Street 2014

Downtown One Bayfront Plaza 100 S Biscayne Boulevard 2018

Downtown Bay House 600 NE 27 Street 2014

Downtown Paraiso Bay 600 NE 31 Street 2017

Downtown Baltus House 4300 Biscayne Boulevard 2015

Downtown Biscayne Beach 701 NE 29 Street 2016

Downtown Centro 151 SE 1 Street 2015

4,600 - 9,800

920 - 1,498

TBD

1601-1725

1,055 - 2,141

520 - 1,720

885 - 3,789

500 - 1,131

83

300

700

164

700

167

399

350

Unit Sizes*Area Development Address Completion# Units

54

Unit Sizes*Area Development Address Completion

For more information, please visit

onesothebysrealty.com/new-developments

or email us at [email protected]

# Units

* Unit sizes in square feet

Fort Lauderdale Privage 325 N Birch Road 2015

Fort Lauderdale Adagio on the Bay 1110 Seminole Drive 2014

Fort Lauderdale Aquavita Las Olas 60/70/80 Hendricks Isle 2014

Fort Lauderdale Cymbrinas Cay 151 Isle of Venice Drive TBD

Fort Lauderdale Paramount 700 N Atlantic Boulevard 2016

Fort Lauderdale Riva 1180 N Federal Highway 2016

3,000 - 4,000

3,285 - 3,415

2,644 - 5,889

2,500 - 3,000

1,930 - 3,477

1,500 - 2,500

22

12

22

8

95

100

Fort Lauderdale Vela Vista 1532 SE 12 Street 20141,902 - 4,06210

Aventura Privé 5000 Island Estates Drive 2015

Aventura Marina Palms 17111 Biscayne Boulevard 2016

Aventura Echo Aventura 3250 NE 188 Street 2015

2,585 - 9,000

1,821 - 2,600

1,500 - 4,020

160

234

190

Hollywood Beachwalk 2600 E Hallandale Beach Blvd 2015

Hollywood Positano - Phase II 3415 N Ocean Drive 2014

Hollywood Sage Beach 2101 S Surf Road 2015

1,087 - 1,853

3,599 - 6,659

2,013 - 2,826

300

17

24

Sunny Isles Porsche Design Tower 18555 Collins Avenue 2016

Sunny Isles Chateau Beach 17475 Collins Avenue 2014

Sunny Isles Jade Signature 16901 Collins Avenue 2016

Sunny Isles Mansions at Aqualina 17749 Collins Avenue 2015

Sunny Isles 400 Sunny Isles 400 Sunny Isles Boulevard 2014

Sunny Isles Muse 17141 Collins Avenue 2017

3,415 - 6,684

1,557 - 4,230

1,378 - 4,953

4,800 - 16,000

1,206 - 1,872

2,360 - 5,800

132

84

192

79

230

68

Bay Harbor Kai at Bay Harbor 9940 W Bay Harbor Drive 2015

Bay Harbor Villas at Bay Harbor 1150 98 Street NA

1,100 - 1,800

2,550 - 2,650

58

18

Mid Beach Ocean Seven 9501 Collins Avenue 2014

Mid Beach Peloro Miami Beach 6610 Indian Creek Drive 2014

Mid Beach Chateau Ocean 9365 Collins Avenue 2015

Mid Beach Surfclub 9011 Collins Avenue 2015

Mid Beach Oceana Bal Harbour 10201 Collins Avenue 2016

4,012 - 4,058

635 - 2,268

3,326 - 10,000

1,200 - 8,000

1,323 - 4,200

7

113

60

150

239

Miami Beach Marea 801 S Pointe Drive 2015

Miami Beach One Ocean 1 Ocean Drive 2014

Miami Beach 321 Ocean 321 Ocean Drive 2015

1,525 - 2,336

1,886 - 3,847

1,877 - 6,807

30

50

21

55

As a truly international city with world-class entertainment, fine dining and incredible value, it is no wonder

Miami has become a city to watch for investors around the world. Miami is on the rise with more than 80 condo

towers and prime retail and commercial spaces debuting over the next few years. With the expectation of a

13.4% increase in the city’s real estate market, Miami comes in as the leader in all real estate markets according

to the experts at moneyjournal.com.

Sydney

Singapore

How many luxury square feet does $1M buy? *

New York

L.A.Shanghai

Beijing

Rome

800

700

600

500

400

300

200

100

0M

onaco

Hong Kong

London

Geneva

ParisM

oscow

Top National Markets

1. California

2. Georgia

3. Texas

4. New York

5. Illinois

M I A M I A S A G L O B A L M A R K E T

W H E R E A R E B U Y E R S C O M I N G F R O M ? * *

Top International Markets

1. Brazil

2. Colombia

3. Canada

4. India

5. Argentina

6. Michigan

7. Pennsylvania

8. Virginia

9. New Jersey

10. North Carolina

6. Venezuela

7. Bolivia

8. France

9. United Kingdom

10. Russia

*2014 Global Market Report, Knight Frank. Miami range based on South Beach value** Miami International Council

I N T E R N A T I O N A L S P O T L I G H T

Miam

i

56

F O R T L A U D E R D A L E A S A G L O B A L M A R K E TFort Lauderdale has been dubbed “the Venice of America” for its amazing canals and waterfront living. It has

become a prime destination for mega-yacht owners and boating connoisseurs from around the world, drawing a

great deal of attention from wealthy buyers and tourists alike. Fort Lauderdale was ranked the 4th most popular

destination from home buyers by the US News & World Report.

OVERALL MOST SEARCHED U.S. CITIES BY NON-U.S. CONSUMERS

1. Los Angeles, CA

2. New York, NY

3. Miami, FL

4. Las Vegas, NV

5. Detroit, MI

Realtor.com in October, 2013.

6. Orlando, FL

7. Houston, TX

8. Fort Lauderdale, FL

9. San Francisco, CA

10. Atlanta, GA

#1 Miami - Miami Beach: 31.3%

#2 Fort Lauderdale: 11.6%

#3 Orlando - Kissimmee: 8.9%

#4 Bradenton - Sarasota - Venice: 8.1%

#5 Palm Beach: 6.5%

TOP FLORIDA CITIES FOR INTERNATIONAL BUYERS

FloridaRealtors.org

Fort Lauderdale Annual International Visitors (2.8 million total):

Canada LatAm Europe Scandinavia UK Other

1.2M

1M

800K

600K

400K

200K

0

57

©MMXIV ONE Sotheby’s International Realty, licensed real estate broker. Equal Housing Opportunity. Each Office Independently Owned And Operated.

All statistics provided by MLS unless stated otherwise. All information is believed to be correct.

ONE Sotheby’s International Realty, founded in 2008, specializes in the sale of luxury properties in Miami and Fort

Lauderdale, where the brokerage is already recognized as a market share leader. Building on a reputation for emphasizing

experience and passion to its customers, qualities that define the Sotheby’s International Realty© brand, the company

has grown to 8 offices and over 350 associates.

Partnerships with more than 750 affiliate offices in more than 55 countries give ONE Sotheby’s International Realty an

unparalleled edge in locating the best properties and investors. Since its debut in 1744, Sotheby’s Auction House has

evolved into the luxury go-to for prestigious possessions from jewelry to antiques. Its name translates around the world.

Sotheby’s counts nearly three quarters of Forbes’s 100 richest people, more than half of its richest Americans and all

of its billionaire art collectors among its clientele. Through this rare level of brand recognition and global footprint, ONE

Sotheby’s International Realty is able to match the most coveted properties with international buyers.

Sotheby’s International Realty | National Affiliates by State | 445 offices - 39 states

Sotheby’s International Realty | International Affiliates by Country | 318 offices - 55 countries

Anguilla

Argentina

Aruba

Australia

Bahamas

Barbados

Belgium

Bermuda

Brazil

Canada

Cayman Islands

Costa Rica

Cyprus

Czech Republic

Dominican Rep.

Estonia

France

Germany

Gibraltar

Greece

Hong Kong

Israel

Italy

Japan

Latvia

Lithuania

Malta

Mexico

Monaco

Morocco

New Zealand

Panama

Peru

Philippines

Portugal

Puerto Rico

Russia

Saint Barts

Saint Lucia

Saudi Arabia

Slovakia

South Africa

Spain

Sweden

Switzerland

Taiwan

Thailand

Turkey

Turks and Caicos

United Arab Emirates

United Kingdom

Uruguay

Vietnam

Virgin Islands (Brit.)

Virgin Islands (U.S.)

Arizona

California

Colorado

Connecticut

Delaware

Dist. of Columbia

Florida

Georgia

Hawaii

Idaho

Illinois

Indiana

Kentucky

Louisiana

Maine

Maryland

Massachusetts

Michigan

Minnesota

Missouri

Montana

Nevada

New Hampshire

New Jersey

New Mexico

New York

North Carolina

Ohio

Oregon

Pennsylvania

Rhode Island

South Carolina

Tennessee

Texas

Utah

Vermont

Virginia

Washington

Wyoming

58

3. Bay Harbor1047 Kane Concourse

Bay Harbor, Florida 33154

305.666.0562

2. Sunny Isles3873 Sunny Isles Boulevard

N Miami Beach, Florida 33160

305.336.0457

ONE Sotheby’s International Realty | Locations

8. Coral Gables1430 S Dixie Highway, Suite 110

Coral Gables, Florida 33146

305.666.0562

7. Key Biscayne260 Crandon Boulevard, #C42

Key Biscayne, Florida 33149

305.365.2811

1. Fort Lauderdale401 East Las Olas Boulevard, Suite 100

Fort Lauderdale, Florida 33301

954.522.2831

4. Miami Beach - Ocean Drive1451 Ocean Drive

Miami Beach, Florida 33139

305.673.4808

6. Brickell1000 Brickell Avenue #315

Miami, Florida 33131

305.779.2430

5. Miami Beach - South of Fifth119 Washington Avenue, Suite 102

Miami Beach, Florida 33139

305.538.9711

1

2

4

56

78

3

59

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