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  2. Why Miami?

Why Miami?

Miami is the only major subtropical city in the continental United States. It’s known for its sunny beaches and entertainment. However, over the past two decades, Miami has emerged as a place for tech and finance company to call home.

Miami is now a 24/7 global city with diverse local talent. The top financial center in the Southeast, it’s home to a booming downtown, serves as an unparalleled gateway to Latin America, hosts a world-famous arts and cultural scene and sports the best business-friendly environment in the U.S.

The strength of Florida’s low tax burden comes from its lack of an income tax. It’s written into law by our state constitution, which prohibits such a tax.
Florida also does not assess an estate tax, or an inheritance tax.

Banks and financial services companies like Visa and PayPal are investing in Miami-Dade County. Known as the financial capital of Latin America, Miami-Dade has the largest concentration of domestic and international banks on the East Coast south of New York City.

Miami is one of the greatest cities in the world to work and play. It has incredible beaches, arts & entertainment, world renowned research hospitals, highly sought after universities. Plus, we have beautiful weather and sunshine.

Miami is still affordable compared to other global cities.

Miami is one of the fastest growing major cities in the country as a result of people and companies moving to our city. The population gains have also brought more jobs. The number of tech job listings in Miami grew faster than any other major U.S. city in Q2 2021. Miami’s population is expected to continue growing by approximately 1.1% every year.

The sun is looking bright!

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The Roberts Castellon Group
JoAnn Roberts | Rebeca Castellon
305-215-7653 | 305-600-8493
JoAnnRobertsHomes@gmail.com | Rebeca@Property305.com

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  2. Miami Ranks #1 For Tech Job Growth In Q2 2021

Miami Ranks #1 For Tech Job Growth In Q2 2021

The number of tech job listings in Miami grew faster than any other major U.S. city last quarter, a new analysis shows.

Overall, Miami tech job listings grew 29% to 14,084 in the second quarter, according to a CompTIA analysis of Burning Glass Technologies Labor Insights data cited in the SFBJ.

Phoenix ranked second with 26% growth.

Miami far outgrew Silicon Valley on a percentage basis and essentially matched it on a numeric basis. Silicon Valley had 3,370 new tech job listings during the quarter for a 13% growth rate – less than half Miami’s rate.

On a numeric basis however, New York still far outgrew Miami, with 9,465 new job listings, compared to 3,139 new listings in Miami.

Source: https://www.thenextmiami.com/miami-ranks-1-for-tech-job-growth-in-q2-2021/

Looking to move? Call us first. We are the real estate specialist.

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The Roberts Castellon Group
JoAnn Roberts | Rebeca Castellon
305-215-7653 | 305-600-8493
JoAnnRobertsHomes@gmail.com | Rebeca@Property305.com

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  2. May 2021 Miami Market Report

May 2021 Miami Market Report

The Miami real estate market is HOT!

Single-Family Homes May 2021

The average price sold for single-family homes was up significantly year-over-year to $1.06 million. Months of inventory significantly declined to 2.0 months.

Condos & Townhomes May 2021

The condo & townhouse market is also strong. Due to the high prices of single-family homes, more buyers are opting to buy condos & townhomes. Average Price Sold is up in May 2021 vs year-over-year. Months of inventory was at an all time low.

Looking to move? Call us first. We are the real estate specialist.

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The Roberts Castellon Group
JoAnn Roberts | Rebeca Castellon
305-215-7653 | 305-600-8493
JoAnnRobertsHomes@gmail.com | Rebeca@Property305.com

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  2. Summer Is Here!

Summer Is Here!

 

School is out and summer is here!  That means many residents and vacationers alike flock to the beach for some fun in the sand.

When people think of Miami, the image that comes to mind is usually Miami Beach.  However, the locals head to the hidden gems and one of those is Matheson Hammock Park, located along Biscayne Bay in Coral Gables next to Fairchild Gardens. It is a lovely scenic park with an unusual feature–a man-made atoll pool, which is flushed naturally with the tidal action of nearby Biscayne Bay. Its tranquil breeze-swept beach is a haven for families who enjoy its warm, safe waters and beautiful waterside views.

Matheson is also a prime spot for kitesurfing. Its active breezes and calm shallow waters make launching easy.

The park also has a full-service marina, snack bar and Red Fish Grill restaurant built into an historic coral rock building, picnic pavilions and nature trails. Matheson also contains a sailing and power boat school.

It’s a great place to relax and enjoy!

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The Roberts Castellon Group

JoAnn Roberts | Rebeca Castellon

305-215-7653 | 305-600-8493

JoAnnRobertsHomes@gmail.com | Rebeca@Property305.com

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  2. Record Breaking Sales!

Record Breaking Sales!

We listed and sold the highest price per square foot in Pinecrest for aranch-style home that is completely updated on a builder’s half-acre. Itsold for almost $1.4 million or $544/SqFt.

(We received 13 offers.)

We listed and sold the highest price per square foot in Pinecrest for an original, non-updated ranch-style home that is on a 1/3 acre lot. It sold for almost $1 million or $428/SqFt.

(We received 20 offers.)

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Website: https://www.property305.com​​

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The Roberts Castellon Group

JoAnn Roberts | Rebeca Castellon

305-215-7653 | 305-600-8493

JoAnnRobertsHomes@gmail.com | Rebeca@Property305.com

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  2. South Florida Real Estate 2021 Edition

South Florida Real Estate 2021 Edition

 

South Florida Agent Magazine, Who’s Who in South Florida Real Estate 2021

We are thrilled and honored to be part of The Who’s Who in South Florida Real Estate 2021 Edition. A huge thank you to all of our clients and South Florida Agent Magazine. click for article

The current year’s Who’s Who praises the individuals who have reliably positioned among the top producers in their field, the individuals who accomplished a more significant level and the individuals who commended an important vocation achievement this year.

We are here to help you. If you’ve been thinking about moving, THE TIME IS NOW! Call us first to get the best deal!

Client Focused, Results Driven. The realtor you choose can make a great difference!

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Website: https://www.property305.com​​

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The Roberts Castellon Group

JoAnn Roberts | Rebeca Castellon

305-215-7653 | 305-600-8493

JoAnnRobertsHomes@gmail.com | Rebeca@Property305.com

 

 

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  2. Miami Market Report April 2021

Miami Market Report April 2021

The Miami Real Estate market is hotter than ever!

The Miami real estate market continues to be in high demand. Average price sold for single-family homes and condos/townhome increased in April. Meanwhile, months of inventory continued to decline. It will be interesting to see what happens after more states open and life returns to “normal”. Will people and businesses continue to relocate to Miami?

Single-Family Homes April 2021

The average price sold for single-family homes was up significantly year-over-year to $1.15 million. Months of inventory significantly declined to 1.7 months.

Condos & Townhomes April 2021

The condo & townhouse market is also strong. Due to the high prices of single-family homes, more buyers are opting to buy condos & townhomes. April 2021 was the highest average sold price in recent years. Months of inventory was at lowest level within the same time period. Looking to move? Call us first. We are the real estate specialist.

 

Connect with us:

Website: https://www.property305.com​​

Instagram: https://www.instagram.com/therobertsc

Facebook: https://www.facebook.com/therobertsca

 

The Roberts Castellon Group

JoAnn Roberts | Rebeca Castellon

305-215-7653 | 305-600-8493

JoAnnRobertsHomes@gmail.com | Rebeca@Property305.com

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  2. Tech & Private Equity Companies Are Flocking to Miami

Tech & Private Equity Companies Are Flocking to Miami

 

Miami is undergoing a transformation as many tech and private equity companies are relocating or expanding their offices to South Florida.  According to Miami’s Mayor, Francis Suarez, “We’re seeing mass migration from two mega capital centers — the Bay Area and Silicon Valley and New York,” the mayor said. “They’re going to converge in Miami and that’s going to create more capital than we’ve ever seen.”

The injection of money from other states into Miami has created an incredible demand for real estate, and the market keeps reaching new highs.  The average sold price of a single-family home in March 2021 was $1.05 million (up 83% year-over-year) and inventory levels reached at an all-time low of 1.7 months. (A balanced market is about 6 months of inventory.) Condo and Townhome market is also experiencing high demand.   Average price sold increased to $627K (up 38% year-over-year) and inventory levels were reduced to 5.1 months. Click for more details

Below are some of the companies and investors moving to South Florida.

Company relocations

  • Colony Capital:The Los Angeles-based investment firm (NYSE: CLNY) moved its corporate headquarters from Los Angeles to Boca Raton in early 2021.
  • Elliott Management Corp: The $41 billion-asset hedge fund, led by billionaire Paul Singer, announced plans to relocate its corporate headquarters from New York City to West Palm Beach last October.
  • Pipe Technologies:The alternative financing platform for startups moved its headquarters from Los Angeles in Miami in late 2020. The fintech recently raised $50 million from a collection of investors that included Slack, Salesforce founder Marc Benioff and Reddit co-founder Alexis Ohanian.
  • ShiftPixy: The gig economy job platform (Nasdaq: PIXY) moved its headquarters from Irvine, California to Brickell Key last fall. ShiftPixy is developing a ghost kitchen incubator program in the Miami area.

 

New offices

  • Blackstone: The New York-based private equity firm signed a lease for an office in downtown Miami in early 2021. Last October it announced it would expand its technology practice to South Florida.
  • Boston Private:Last January the Boston investment management firm opened an office at the Four Season’s Hotel office tower, its second location in South Florida. It recently announced it plans to double the size of the Brickell office.
  • Florida Funders: The state’s most active venture capital firm will expand to Miami and is actively searching for an office space.
  • Founders Fund: Last month, the Silicon Valley venture capital firm signed a one-year lease for an office space in Brickell. PayPal co-founder Peter Thiel, former Google engineer Brian Singerman and Opendoor co-founder and startup investor Keith Rabois are among the firm’s partners.
  • Novo:The New York-based digital banking platform opened an office in Miami’s Brickell neighborhood in March. It plans to double its local team in 2021.
  • Palm Drive Capital:The New York-based investment firm, which primarily invests in Latin American startups, opened an office near Miami’s Midtown neighborhood.
  • Point72 Asset Management:The Connecticut-based firm, led by New York Mets owner Steve Cohen, will open an office for about 45 employees at 360 Rosemary in West Palm Beach.
  • SwagUp: The firm, which designs and manufactures custom swag for businesses, opened an office in Miami’s Little River neighborhood last year. The company’s distribution center is based in New Jersey. Clients can order custom items for new recruits and events on SwagUp’s website.
  • Thoma Bravo: The private equity firm, headquartered in Chicago, will open an office in Miami in the second half of 2021. Thoma Bravo focuses on investments in the software and technology-enabled service sectors.
  • Virtu Financial:The publicly traded fintech, headquartered in New York, announced it will open an office at DiVosta Towers in Palm Beach Gardens.
  • Wealthspire Advisors: The New York-based investment advisory firm, with $13 billion in assets under management, will open an office in Boca Raton.
  • Zumper:  The San Francisco-based home rental platform plans to open an office in Miami this year that will employ up to 150 people. The company is considering office space in downtown Miami or Wynwood.

 

 Founders and investors

  • Keith Rabois, general partner at Founders Fund: The investor, a longtime executive at Silicon Valley technology firms and co-founder of Opendoor, purchased a $28.9 million home in Miami Beach last year.
  • David Blumberg, founder of Blumberg Capital: The investor relocated to Hallandale Beach last December and said his early stage venture capital firm is open to funding local companies.
  • Jonathan Oringer, founder and executive chairman at Shutterstock:The billionaire bought a $42 million home in Miami Beach last October. He stepped down as CEO of Shutterstock, a stock image and photo editing company, last April.
  • Kim Perell, angel investor and CEO of 100.co: The investor and entrepreneur purchased a $11 million Miami Beach mansion last year. Perell said she relocated to Miami to launch artificial intelligence startup 100.co.

 

Looking to move? Call us first. We are the real estate specialist.

 

Connect with us:

Instagram: https://www.instagram.com/therobertsc…

Facebook: https://www.facebook.com/therobertsca…

 

The Roberts Castellon Group

JoAnn Roberts | Rebeca Castellon

305-215-7653 | 305-600-8493

JoAnnRobertsHomes@gmail.com | Rebeca@Property305.com

 

Sources: https://www.bizjournals.com/southflorida/news/2021/04/23/move-over-texas-miami-mayor-talks-bay-area-exodus.html

https://www.bizjournals.com/southflorida/news/2021/03/18/which-companies-moved-to-south-florida.html

https://www.property305.com/miami-market-report-march-2021/

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  2. Miami Market Report March 2021

Miami Market Report March 2021

 

There is an incredible demand for Miami real estate, and it keeps reaching new highs.  

Single-Family Homes March 2021 The average price sold for single-family homes went up year-over-year by +83% to $1.05 million. Months of inventory was at an all time low and number of pended (under contract) homes was at an all time high. The single-family home market is on fire and we are seeing a lot of activity in the homes above $5 million. Condos & Townhomes March 2021

The condo & townhouse market is also strong. Due to the high prices of single-family homes, more buyers are opting to buy condos & townhomes. March 2021 was the highest average sold price and pended (under contract) units has increased by 245% year-over-year. Months of inventory was at lowest level within the same time period.

Click here for full report

 

Looking to move? Call us first. We are the real estate specialist.

 

Connect with us:

Instagram: https://www.instagram.com/therobertsc…

Facebook: https://www.facebook.com/therobertsca…

 

The Roberts Castellon Group

JoAnn Roberts | Rebeca Castellon

305-215-7653 | 305-600-8493

JoAnnRobertsHomes@gmail.com | Rebeca@Property305.com

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  2. The Underline’s “Brickell Backyard” Is Now Open

The Underline’s “Brickell Backyard” Is Now Open

Brickell Backyard, the northernmost section of The Underline, is officially open and today Miami-Dade County officials hosted a ribbon-cutting ceremony.  Brickell Backyard is open to walkers and cyclists and has space for yoga classes, movie screenings and concerts. This area represents about 5% of The Underline’s total distance, but will span 120 acres across 10 miles when it’s completed, which is expected to take at least five years. The Underline will run between the Miami River and Dadeland South Station, providing much-needed green space for city dwellers.

The Underline is a 10-mile multi-modal corridor that stretches from the Miami River in Brickell to the Dadeland South Metrorail station reimagining the space underneath Miami’s Metrorail tracks. The walkway is designed by the same firm that oversaw New York City’s now-famous High Line and is regenerating the spaces below Miami’s Metrorail system to a destination for urban hikers and art lovers

Construction for the Brickell Backyard began in late 2018. The Underline is expected to be built in three phases and be completed in 2025.

Thinking of moving? Call us first. We are the real estate specialist.

The Roberts Castellon Group
JoAnn Roberts | Rebeca Castellon
305-215-7653 | 305-600-8493
JoAnnRobertsHomes@gmail.com | Rebeca@Property305.com

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