Miami is emerging as a 21st century capital.
Join me as I interview the visionaries fueling the ascension.
Interview: July 25, 2023
Karen Asprea is a fascinating and unique woman, and she is introducing a new standard of design to South Florida. This is a far reaching discussion where we touch upon her background, her business expansion, how Miami inspires her to create and her thoughts on the future. Karen is one of the most inspiring women I know, and it was an honor to interview her. I learned a great deal from this interview and I hope my viewers enjoy.
New Construction Recommendation:
Five Park in Miami Beach
Ana Bozovic interviewed Russell Galbut, legendary developer and founder of Crescent Heights. They discussed Russell's vision for Five Park and he shared valuable insights on success and life.
2023 Q1: Miami Dade Real Estate Report
Median Pricing Plateauing, cash high
Median condo pricing finished Q1 2023 flat year-over-year. You can see the plateau forming in the chart. The usage of cash edged higher to 70% over $1M and at 52% sub $1M. The very highest segments of the market have once again proved most resilient as the wealth & talent migration continues.
Inventory & Volume Below $1M
Inventory below $1M dropped to 62% below pre Covid realities. If we drill down further, inventory below $200K has dropped a shocking 87% since 2019 (page 6). Interest rates add friction, but the combo of low inventory and 50% cash usage sub $1M provides a floor.