Tag Archives: Florida

PowerSite Profile: A Miami Beach Oceanfront Penthouse

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We are excited to present this PowerSite single property Website:

Edition1405.com

Marketed by Toni and Lauren Schrager of Brown Harris Stevens, the Website highlights a $7.5MM, 2 bedroom, 2 full, 2 half bathroom, oceanfront penthouse on Miami Beach.

Using our PowerSite platform, Toni and Lauren have added:

  • lots of high definition photos
  • a detailed description
  • a print brochure
  • office info
  • an embedded Virtual Tour
  • a property map
  • agent contact information.

Toni has accrued more than $2 Billion in personal lifetime sales by anticipating the ebb and flow of South Florida’s luxury Real Estate market, and investing in talent and innovation to stay ahead of trends. Her local and international clients rely on her for personal service, knowledge, discretion and results. Each is a VIP, catered to throughout the listing, sale or purchase process.

As a Realtor® since 1983, a cofounder of Avatar Real Estate Services and a Brown Harris Stevens Miami Senior Vice President and founding Partner, Toni brings a long view to every transaction — from listings, to negotiations, to closings.

Toni’s client-centered approach is simple: Conduct every Real Estate transaction with the utmost integrity and professionalism — standards that ensure both the buyer and seller are extremely well served.

Lauren brings her considerable experience in global banking and capital markets to the Toni Schrager Team, which she joined just as the recent historic Real Estate boom was starting to rock in 2020. Trial by fire suited the Summa Cum Laude Wake Forest grad well. Prior to diving into the South Florida market headfirst, the Miami native excelled as a financial analyst for the esteemed firm of Ernst & Young.

Lauren’s a smart, strategic thinker, speaks fluent Spanish, and possesses a depth of knowledge in business analytics, regulatory transformation and know-your-customer due diligence. This toolbox, together with her intelligence, attention to detail and engaging personality, serves her well in South Florida’s highly competitive luxury Real Estate market.

Buyers, sellers and investors will reap the benefits of Lauren’s formidable business experience and intimate knowledge of the local Real Estate market. Together with her professionalism and inordinate energy, Lauren is a force of nature whose charm and integrity are her calling cards.

Each PowerSite single property Website includes:

Cutting Edge Design: Modern single-page design with clean, elegant lines.

Custom URL: Web address included! Simply choose any available .com web address to match your property (i.e. 123anyst.com) and we do the rest.

Stunning Photography: We believe good photos make your site stand out from the rest. Gorgeous high-resolution photos fill the screen. Show off your property with unlimited pictures!

Content Control: Maintain full access to your site’s content 24 hours a day, 7 days a week through our easy-to-use admin system.

Dynamic Map: Embedded Google maps provides maximum flexibility.

Responsive Layout: Sites are optimized for desktop, tablet, and smartphones.

Videos & Virtual Tours: Embed virtual tours or custom made videos from YouTube, Vimeo and more.

Social Networks: Links to Facebook, Twitter, YouTube, LinkedIn, and more.

For more information, visit AgencyLogic.com.

Florida’s Housing Market: Closed Sales, Median Price, Inventory Up in April

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Orlando, FL – May 22, 2024 (PRNewswire) Florida’s housing market in April showed more closed sales, more for-sale inventory, more new listings and higher median prices compared to a year ago, according to Florida Realtors®’ latest housing data.

“More active listings provide more options and more homeownership opportunities for buyers, which in turn helps encourage buyer demand,” said 2024 Florida Realtors® President Gia Arvin, broker-owner with Matchmaker Realty in Gainesville. “In time, having more available inventory could ease the pressure of rising prices; however, cautious buyers and sellers are still wary of high mortgage interest rates, which are hovering around 7%.”

Last month, closed sales of existing single-family homes statewide totaled 24,682, up 5.8% year-over-year, while existing condo-townhouse sales totaled 10,228, up 1.9% over April 2023. Closed sales may occur from 30- to 90-plus days after sales contracts are written.

Florida Realtors Chief Economist Dr. Brad O’Connor noted that while sales rose compared to the same time last year, they have not reached pre-pandemic levels.

“Closed sales remain lower than what we may have been used to prior to the pandemic, but they are holding fairly steady,” he said. “Meanwhile, prices continue to rise at a much more sustainable pace and options for buyers continue to expand.”

The statewide median sales price for single-family existing homes in April was $429,900, up 4.9% over April 2023, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. Last month’s statewide median price for condo-townhouse units was $335,000, up 3.1% over the year-ago figure. The median is the midpoint; half the homes sold for more, half for less.

“As for the incoming supply of homes for sale, new listings of single-family homes remained elevated in both property type categories,” said O’Connor. “In April, new listings of single-family homes were up 25% compared to a year ago, although this level of new listings, while significantly greater than last year, is more in line with our typical pre-pandemic numbers. Similarly, new listings of townhouses and condos were up 24.2% year-over-year in April. But in this property type category, we are seeing a level of new listings higher than what we would have expected pre-pandemic.”

He said, “With new listings outpacing sales, and homes on the market a bit longer than a year ago, we have seen quite a bit of inventory growth in recent months here in Florida. You’re probably seeing lots of headlines about the state’s rapid rise in inventory but let’s put that in perspective. Single-family inventory is not quite back to the typical 2014-to-2019 level, but it’s getting close, while the condo-townhouse inventory is now over the typical level of inventory that we had in the years ahead of the pandemic.”

Still, Dr. O’Connor noted, “The fact that the measure of days on market is much more similar to what we saw immediately ahead of the pandemic or even below that level in some cases, gives us reason to be positive about our recent increase in inventory. This increase is going to ease price growth and allow for more opportunities for prospective buyers who were left in the cold when inventory was so low just a couple of years ago.”

On the supply side of the market, inventory (active listings) rose year-over-year with single-family existing homes at a 4.2-months’ supply in April, while condo-townhouse inventory was at a 6.9-months’ supply.

To see the full statewide housing activity reports, go to the Florida Realtors Newsroom and look under Latest Releases or download the April 2024 data report PDFs under Market Data.

Florida Realtors® serves as the voice for real estate in Florida. It provides programs, services, continuing education, research and legislative representation to 238,000 members in 51 boards/associations. Florida Realtors® Newsroom website is available at http://floridarealtors.org/newsroom.

SOURCE Florida Realtors

Florida’s Housing Market: Median Prices, New and Active Listings Up in February

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Orlando, FL – March 21, 2024 (PRNewswire) Florida’s housing market had more new listings, more inventory (active listings) and higher median prices in February compared to a year ago, according to Florida Realtors®’ latest housing data.

“Florida’s housing supply continued to improve in February, providing momentum for buyers wanting to enter the market now to hopefully find their Florida dream home during the spring homebuying season,” said 2024 Florida Realtors® President Gia Arvin, broker-owner with Matchmaker Realty in Gainesville. “Though mortgage rates currently are still fluctuating near 7%, housing economists are predicting rates will start to ease in the second quarter.”

Closed sales of single-family homes statewide last month totaled 19,040, up 2.2% from the February 2023, while existing condo-townhouse sales totaled 7,471, down 2.5% year-over-year, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. Closed sales may occur from 30- to 90-plus days after sales contracts are written.

In February, the statewide median sales price for single-family existing homes was $415,000, up 5.1% from the previous year; for condo-townhouse units, it was $325,000, up 3.2% over February 2023. The median is the midpoint; half the homes sold for more, half for less.

Florida’s home prices and number of closed home sales for the first two months of 2024 look a lot like they did at this point a year ago in early 2023, said Florida Realtors Chief Economist Dr. Brad O’Connor.

“However, while the demand side of the equation is little changed from last year, on the supply side, we are seeing significantly more new listings than a year ago,” he noted. “So far this year, while you could still characterize new listings of single-family homes as being in their normal pre-pandemic range, they were at the high end of that range in February. In fact, there were more single-family homes listed for sale in Florida this February (a total of 32,557, up 28.3% year-over-year) than in any February dating back to 2008, when we started tracking new listings.

“While there were nearly this many new listings in both February of 2016 and 2018, this has been a remarkable turnaround compared to where we were last year at this time, when we had the lowest number of February new listings of single-family homes since 2013.”

Looking at condo-townhouse properties, new listings so far in 2024 are up (a total of 16,906, up 30.3% year-over-year) – and higher than the previous “normal range,” O’Connor said, pointing to recent increases in insurance rates and condo fees as a probable factor, along with local market dynamics.

He added, “Despite the rapid rise in inventory levels (active listings) that has resulted from the recent resurgence in new listings, inventory levels at the end of February in both property type categories were still well within the ballpark of the pre-pandemic norm that was established roughly from 2013 onward.

“It will take a lot more inventory to put a significant dent in home prices, but at current levels, inventory is now high enough that it should continue to slow home price growth and present buyers with a lot more options than they had two or three years ago.”

Statewide inventory (active listings) in February was higher than a year ago for both existing single-family homes, increasing by 36.5%, and for condo-townhouse units, up 73.3%. The supply of single-family existing homes was at a 3.9-months’ supply while existing condo-townhouse properties were at a 6.3-months’ supply last month.

To see the full statewide housing activity reports, go to the Florida Realtors Newsroom at https://www.floridarealtors.org/newsroom and look under Latest Releases or download the February 2024 data report PDFs under Market Data at https://www.floridarealtors.org/newsroom/market-data.

Florida Realtors® serves as the voice for real estate in Florida. It provides programs, services, continuing education, research and legislative representation to 238,000 members in 51 boards/associations. Florida Realtors® Newsroom website is available at http://floridarealtors.org/newsroom.

SOURCE Florida Realtors