This Week in Miami Real Estate: Miami migration, Realtor endorsements and more

by Zachary Wright

Redfin reported Miami as one of the most attractive metros for Redfin users. Throughout July to September 2018, Redfin analyzed more than one million Redfin.com users searching for new homes across 75 metros. Miami came in No.6 with a net inflow of 3,019. Last year, Miami’s net inflow was 1,324 – an increase of nearly 130 percent.

Most users searching for Miami originate in New York City, Washington, D.C. and Boston. Contrastingly, 81 percent of Miami Redfin users looking around stuck with Miami. About 20 percent were looking to make the move abroad. Atlanta was the top destination for Miami Redfin users looking out of state. A little under 7 percent, Atlanta ranked No. 1 followed by Washington D.C, which was under 5 percent.  

Ashley Ward, Atlanta Redfin agent, said Atlanta is a destination many think is too good to pass up. “Benefits of Atlanta that keep drawing people here include top-notch public education, affordable housing, an appreciating market and more job opportunities.”

In other real estate news:

  • Florida Realtors’ political action committee announced its endorsement of four more candidates in the upcoming midterm elections. The four candidates endorsed by the association include Chuck Brennan, Anthony Sabatini, Mike Beltran and Ray Blacklidge. The PAC has previously endorsed Ron DeSantis who won the Republican primary for Florida Governor in August. Florida Realtors has endorsed 108 legislative candidates running for office in 115 districts.
  • Jose Isaac Peres, a billionaire from Brazil, plans to move forward with a new high-rise, Ocean 57. Peres Multiplan Real Estate Asset Management is launching the 81-unit, 19-story project in Mid-Miami beach. Marcelo Kingston of Multiplan said construction will begin in March and hope to deliver the luxury complex in a little over two years. The real estate firm said the developer is already beginning sales ahead of schedule. Prices range from $1.5 million to $31 million. Amenities include 12-foot terraces, Italian kitchens, 10-foot ceilings and private elevator entrances in the condo units. Community features include vertical gardens, a spa, pools and a fitness center among other amenities.
  • AGM Builders Group announced their sales launch of Habitat at the Grove. The eight-unit townhome community price ranges from $839,000 to $939,000. The four-story, 2,381-square-foot townhomes have three-beds, three-baths, a rooftop deck and a two car garage. The homes also features private outdoor space with a pool. AGM Builders expects construction to be completed in Spring 2019.
  • Miami developers the Astor Companies revealed its model residences at Merrick Manor. In this luxury residential project in Coral Gables, potential buyers have the chance to view the interior of the new homes. In a press release, the CEO and founder of the Astor Companies, Henry Torres, said they are excited to let buyers experience Merrick Manor before making a purchase. Currently, 60 percent of the development is under contract with prices ranging from $374,990 to $2.6 million. Square footage ranges from 574 to more than 3,400. Some amenities include ground-floor retail and restaurants, a business center, 24-hour front desk concierge and valet parking, a club lounge, a fitness center and a resort-style pool.
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