Veteran broker offers vision of South Florida market

Miami /
Nov.November 17, 2014 02:15 PM

Longtime independent broker Mike Pappas said he believes Miami-Dade and Broward counties are “moving from a distressed market to a real market,” one that will shed investors and opportunistic buyers.

Pappas, owner with his brother Tim Pappas of Keyes Co., runs one of the few big independent real estate brokerages in South Florida, handling more than $3 billion in annual sales. Pappas spoke to the Miami Herald about market conditions in South Florida.

Pappas said he is “bullish on our expanding economy and the strong world desirability for South Florida.” While neighborhood expertise is key, because of the international allure of Miami, his firm needs to maintain a global, internet presence, he said.

He characterized the advent of online real estate data as a “revolution,” and said that we are in the embryonic stage of using data to predict consumer behavior.

“The interpretation, understanding and ability to communicate the trends and their significance are critical,” Pappas said. [Miami Herald] – Jennifer White Karp


Related Articles

arrow_forward_ios
From left: Eli Neusner of Participant Capital and Karl Fong Yee of the Keyes Company (Getty Images, Participant Capital, The Keyes Company)
Movers & Shakers: Riley Smith’s ex-director joins Keyes to launch new team
Movers & Shakers: Riley Smith’s ex-director joins Keyes to launch new team
Skye Louis' Jud Henry with Keyes' Steven Reibel and Mike Pappas (LinkedIn, The Keyes Company, iStock)
Keyes acquires 140-agent brokerage in Broward, Palm Beach
Keyes acquires 140-agent brokerage in Broward, Palm Beach
These brokerages are winning South Florida’s talent wars
These brokerages are winning South Florida’s talent wars
These brokerages are winning South Florida’s talent wars
Dan Kodsi (front left) and Bernard Wasserman (front right) of Participant Capital Advisors; Joy Triglia (back left) and Jonathan Knight (back right) of Premier Estate Properties (Participant Capital Advisors, Premier Estate Properties, iStock)
Movers & Shakers: Dan Kodsi’s firm taps ex-Virtus exec as president, Premier Estate Properties expands & more
Movers & Shakers: Dan Kodsi’s firm taps ex-Virtus exec as president, Premier Estate Properties expands & more
Illustrated Properties taps longtime head of Alabama brokerage as president
Illustrated Properties taps longtime head of Alabama brokerage as president
Illustrated Properties taps longtime head of Alabama brokerage as president
Movers & Shakers: Newmark lodging group co-head moves to Miami
Movers & Shakers: Newmark lodging group co-head moves to Miami
Movers & Shakers: Newmark lodging group co-head moves to Miami
Jennifer Hyland joins Corcoran Group in Palm Beach
Jennifer Hyland joins Corcoran Group in Palm Beach
Jennifer Hyland joins Corcoran Group in Palm Beach
Jarred Kessler and Mike Pappas
Keyes partners with EasyKnock to offer sale-leaseback program
Keyes partners with EasyKnock to offer sale-leaseback program
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...