“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.
Thanksgiving in the Magic City may not resemble a Norman Rockwell painting, but we still celebrate this traditional holiday with typical Miami gusto. For those of us in real estate, it is an opportune time to look at the “big picture” and appreciate the many blessings and twists of fate which have not only kept our market on course, but also given us genuine reasons to be excited for Miami’s future. With that in mind, please pass the turkey and enjoy this Thanksgiving edition of South Florida by the numbers.
0: Number of hurricanes that have hit Florida since 2005 – an extraordinary nine-year streak. [Weather.com]
75.9: Miami’s average annual temperature (Fahrenheit), with an average high of 82.8 degrees and an average low of 69 degrees. This comfortable range is further underscored by the debilitating winter storms which have affected much of the country this week. [Climate-Zone.com]
8.7: Percentage increase of the median sales price for Miami-Dade County homes in the third quarter of 2014. This price increases marks 11 consecutive quarters of growth for both single-family homes and condominiums. [MiamiRE.com]
29: Percentage of Miami real estate transactions conducted by international buyers in 2014, according to the National Association of Realtors. While Miami is fortunate to have such a large pool of international buyers, this number actually represents a slight drop in foreign investors, as the percentage was 35 in 2013. [Miami Herald]
12,000,000: Number of people expected to pass through MiamiCentral (All Aboard Florida’s downtown Miami station) each year. In addition to its enormous commercial and retail components, the station is expected to attract millions of visitors by connecting its passenger rail system to Orlando with the Metrorail, Metromover and possibly Tri-Rail through West Palm Beach. [South Florida Business Journal]
This column is produced by the Master Brokers Forum, a network of South Florida’s elite real estate professionals where membership is by invitation only and based on outstanding production, as well as ethical and professional behavior.