South Florida by the numbers: Thankful in Miami Edition

Miami /
Nov.November 27, 2019 12:30 PM
(Credit: iStock)

(Credit: iStock)

“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.

Full disclosure: This is not the first time we have covered this topic in any given November, but there is just so much to be thankful for at the moment. After a hot third quarter for local real estate, there is an air of optimism and excitement (not to mention the first hints of coolness since February), and for all that and so much more, we are grateful. So please pass the turkey and enjoy this Thanksgiving edition of South Florida by the numbers.

2: Category of Hurricane Dorian on Sept. 3, just before beginning a sharp northward turn that had it hugging Florida’s eastern coast — and sparing the state from major damage. [MiamiHerald]

7,104: Number of total Miami home sales in the third quarter of 2019, a year-over-year increase of 4.6 percent. Single-family sales dollar volume climbed by 13.4 percent to $2 billion. [TheRealDeal]

1.8 million: Square footage of new office product under construction in the greater Miami area, per brokerage firm JLL’s third quarter report — the highest level of construction activity in a decade. [GlobeSt]

$1,047.83: Amount the average Florida shopper plans to spend during the 2019 holiday season, an increase of 4 percent from last year’s $1,007.24. The Florida Retail Federation announced that retailers should see record sales this holiday season, with growth of between 3.8 percent to 4.2 percent over last year. [FloridaDaily]

11.8%: Annual increase in the number of Miami-Dade County luxury home sales, defined as sales of more than $1 million. Further up the coast, Palm Beach county’s luxury single-family home deals increased 13.9 percent year-over-year. [MansionGlobal]

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.


Related Articles

arrow_forward_ios
2955 Northeast Seventh Avenue and Arte Surfside and Arrington's Coral Gables mansion (Google Maps, Arte, James Irwin / ONE Sotheby’s International Realty)
South Florida by the numbers: The mainstreaming of cryptocurrency
South Florida by the numbers: The mainstreaming of cryptocurrency
Eddie Irvine with 424 Rivo Alto Drive, Miami Beach and Johnny Gray with 176 Spyglass Lane, Jupiter (Getty, Google Maps)
South Florida by the numbers: Formula One revs up Miami real estate
South Florida by the numbers: Formula One revs up Miami real estate
(iStock)
South Florida by the numbers: Here comes the money
South Florida by the numbers: Here comes the money
From left: Don Peebles, Tenisha Williams, Robert F. Smith and Teri Williams (Getty, Linkedin)
South Florida by the numbers: Black achievement in real estate and business
South Florida by the numbers: Black achievement in real estate and business
Miami Mayor Francis Suarez and SoftBank Group COO Marcelo Claure. (Getty)
South Florida by the numbers: Big Tech and Wall Street head to South Florida
South Florida by the numbers: Big Tech and Wall Street head to South Florida
From left: Jared Kushner, Ivanka Trump, Joshua Kushner, Karlie Kloss, Pharrell Williams, Tom Brady and Gisele Bündchen (Getty, iStock)
South Florida by the numbers: Household names play house in Miami
South Florida by the numbers: Household names play house in Miami
Joe Biden and Donald Trump (Getty)
South Florida by the numbers: 2020 presidential election and real estate
South Florida by the numbers: 2020 presidential election and real estate
(iStock)
South Florida by the numbers: Miami millennials
South Florida by the numbers: Miami millennials
arrow_forward_ios

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

Loading...