Hello,
Today is the day Miami-Dade opens its beaches!! We "Miamians" have been waiting for this day impatiently.
Tourism is a significant part of Miami's economy - so it's no surprise people are eager to see it reopen. In 2018 alone, 23 million tourists brought in $18 billion to the local economy, according to the South Florida Business Journal.
A group of medical experts met with Mayor Gimenez to solidify a reopening plan. If there's any indication from tourist hotspots that are planning to open up soon, such as Greece and Italy, expect limited capacity at beaches, restaurants, hotels and more.
Managers at the Boucher Brothers beach concession stands will place chairs and umbrellas six feet apart, and "Beach Ambassadors" will tell beachgoers when they're too close, or have too many people in a group.
Unsurprisingly, hotel availability is plentiful at many of the city's popular points hotels. Pricing is considerably lower than normal in June. The Miami Beach Edition is available starting June 12 at $225 per night. In fact, some June dates are pricing lower than normal: At the Fontainebleau Miami Beach, travelers can expect to pay about $150 per night in June - rates that are just about average.
Despite the shortages of flights, we are finding many North Easterners looking to secure a home or condo in Miami at this time. After the last few months in lock-down, Miami is even more appealing.
My team and I are here to help you during this time. Whether you need to check on a relative, deliver groceries, or help you find a new home or condo, please feel free to call 305 491 1885.
We partner with Sotheby's agents all over the world. See below for calendars in your city.
Please stay safe and healthy!
- Joelle
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New York City has long been a cheek-to-jowl town with cramped apartments and determined strivers. But starting in March, as the coronavirus outbreak here began, parts of the city emptied out, with many leaving from New York's wealthiest neighborhoods. Mail-forwarding requests show where a number of them went. Some abandoned the Upper West Side for sunny Miami. Others left Gramercy Park for New Jersey. Some left Brooklyn apartments for California. In March, the United States Post Office received 56,000 mail-forwarding requests from New York City, more than double the monthly average. In April, the number of requests went up to 81,000, twice the number from a year earlier. Sixty percent of those new requests were for destinations outside the city.
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Harvard University offers 67 free online courses for
those in quarantine
Amid the COVID-19 pandemic, Harvard University, a private Ivy League research university in Cambridge, Massachusetts, is offering 67 free online courses for those who want to expand their knowledge and master new skills during self-quarantine.
The courses range in duration from a week to 15 weeks, with subjects that include programming, health and medicine, social sciences, computer science, art and design, business and humanities and many more.
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Miami Dolphins Announce Plans for The Outdoor Theaters at Hard Rock Stadium
The global entertainment destination will now feature both an open-air and drive-in theater that will showcase classic Miami Dolphins content from the team's 54-year history, classic motion picture films, host commencement ceremonies and other events. The family-friendly experiences will provide a unique environment while staying in accordance with social distance policies. The drive-in events will be held inside of Hard Rock Stadium and accommodate up to 230 cars, while the open-air theater can host small groups for an intimate viewing experience on the complex's south plaza.
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MIAMI-DADE REAL ESTATE STATS:
We expect numbers to be significantly down from last year.
Here are the actual facts. We expect next month to show better and higher numbers
now that we are coming out of lockdown and able to show properties.
I will run the same numbers next month.
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CONDOS $700K+: APRIL 2020 IS A BUYER'S MARKET!
- For sale listings were down 10.8% from one year earlier and down 2.3% from the previous month.
- Sold listings decreased 73.1% year over year and decreased 69.6% month over month.
- Under contract listings were down 68% compared to the previous month and down 82.6% compared to the previous year.
- Months of Inventory based on Closed Sales is 103.4, up 231.5% from the previous year.
- Average Sold Price per Square Footage was down 14.2% compared to the previous month and down 23.9% compared to last year
- Median Sold Price decreased by 10% from last month.
- Average Sold Price also decreased by 23.3% from last month.
- Average Days on Market showed a neutral trend, a decrease of 34.6% compared to the previous year.
- The ratio of Sold Price vs. Original List Price is 86%, an increase of 8.9% compared to the previous year.
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SINGLE FAMILY HOMES $700K+: APRIL 2020 IS A BUYER'S MARKET!
- For sale listings were down 18.4% from one year earlier and down 9.8% from the previous month.
- Sold listings were the same year over year and decreased 40% month over month.
- Under contract listings were up 16.7% compared to the previous month and up 75% compared to the previous year.
- Months of Inventory based on Closed Sales is 43, down 18.4% from the previous year.
- Average Sold Price per Square Footage was down 11.2% compared to the previous month and down 29.7% compared to last year
- Median Sold Price increased by 46.2% from last month. The Average Sold Price also increased by 16.3% from last month.
- Average Days on Market showed a neutral trend, an increase of 207.3% compared to the previous year.
- The ratio of Sold Price vs. Original List Price is 68%, a decrease of 24.4% compared to the previous year.
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FEATURED LISTING
CARILLON BEACH | RESIDENCE #1005
DIRECT OCEAN 2BD/2BA | 1,290 SF LIVING AREA
NEWLY REDUCED PRICE - SALE $1.275M RENT $7,500/MO.
PARTNER CITY CALENDARS
TESTIMONIALS
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Joelle guided my husband and me through the purchase of a pre-construction condominium. As a fellow realtor from out of town, I was impressed by her knowledge, integrity and keen negotiating skills. I have recommended Joelle to people I know who are looking to buy or lease in the Miami market. They will not be disappointed!!
Lindy Goodman / Sothebys Realty Canada Read More Testimonials
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JOELLE OIKNINE
Senior Global Real Estate Advisor
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FOLLOW ME
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