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Category: Market Trends

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The Michelin Guide Extends Its Honors To Hotels – These Miami Properties Are The First Recipients

Long renowned for its’ luxury travel tips, The Michelin Guide has expanded its’ ratings from the coveted Michelin Stars for restaurants to add Michelin Keys for hotel and resort properties. 2024 is the debut year for the Michelin Key Hotels honors and unsurprisingly, Miami is well-represented on the list. In order to receive a distinction, the hotel property must be far more than an overnight lodging. These properties are highly curated and inspired offerings that significantly add to the traveler’s experience through five categories: architecture and interior design, quality and consistency...

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The Canopy In The Grove Answers The Call For More Luxury Boutique Office Space

The ongoing renaissance of Coconut Grove is continuing, with new restaurant, hotel and luxury residential developments popping up all around the waterfront downtown area, and now the circle is becoming complete with new commercial office space. After all, the elite new Grovites will also need a place to nurture their careers. To answer this call, many of the Coconut Grove office spaces have undergone restorations in order to offer the amenities that today’s professionals have come to expect. The newest addition to this lineup is The Canopy in the Grove, which offers move-in-ready office spaces...

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2024 Coconut Grove Real Estate Values | Year-Over-Year Numbers

I am pleased to share with you my annual Coconut Grove statistics report highlighting that, yet again, Coconut Grove has outpaced a cooling national real estate market by setting new, all-time records across multiple categories! Herein, I have compiled and analyzed the 2023 statistics, per MLS data, by hand-calculating the stats to ensure they are accurate for our readers. This information allows you to see for yourself the market trends in our community. I would also like to note the reason I have been so passionate and adamant about publishing the Coconut Grove sales analytics annually for...

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The 2024 Douglas Elliman | Knight Frank Wealth Report Is Here – Tides Are Changing In Miami

The Douglas Elliman | Knight Frank Wealth Report is here again for the 18th year, and there is some very special news about the Miami luxury and ultra-luxury market. In the 2024 report, we see that Miami has hit an unmistakable inflection point. Change is upon us and there is no going back. So where are we headed? Out With The Old – Miami Has Changed It used to be that mentions of Miami Beach conjured up thoughts of Cocaine Cowboys and wild Spring Breakers. This is no longer the case. The Cocaine Cowboys days are now just a Netflix novelty and w hile the Spring Breakers are still interested...

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For 305 Day, Let’s Discuss Miami Truth And Miami Hype

Today is 305 Day. Miami’s official hype day. For those who are new to The 305, this is the unofficial Miami Day named after our signature area code. Miami actually became The 305 back in 1947 along with the rest of Florida, but over the years it became a Miami thing as population grew. Those were the days. As Miamians we love finding reasons to celebrate, even if we are celebrating an area code. As proof, there are endless ways to celebrate 305 Day. Budget-friendly travelers can purchase flights from Miami International for $30.50. Axios Miami embraces things we love about our city (and things...

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Douglas Elliman’s Q4 2023 Miami Mainland, Coral Gables & Miami Beach Market Reports

Douglas Elliman has released the 4th quarter 2023 Elliman Reports for Miami Coastal Mainland, Coral Gables and Miami Beach & Barrier Islands. Produced in conjunction with Miller Samuel to provide you with the most comprehensive and objective market insight available, the Douglas Elliman Reports are recognized as the industry standard for providing the state of the residential real estate market, which includes an extensive suite of tools to help readers objectively identify and measure market trends, provide historical context to current information and provide comprehensive analysis of...

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Douglas Elliman Q3 2023 Market Reports – Sales Shrink Slightly, Yet Prices Continue Upward

While the market in the third quarter of 2023 has slowed a bit, prices continue to rise, according to the Douglas Elliman Market Reports that are compiled quarterly by consulting group Miller Samuel…

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Florida’s Real Estate Market Surpasses New York, Becoming The Second Most Valuable Market In The US

The mass exodus from New York to Florida is showing in newly-released market reports conducted by Zillow. Florida has now surpassed New York to take the second place spot..

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Which Views Are The Best In Miami? A Case For Choosing A West-Facing View

Of course living in Miami with a view of the ocean is a very marketable feature, but there is also something to be said for looking at the Biscayne Bay or the vibrant neighborhood that you choose…

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