Jun ‘24 - Summer Trends & Insights

Hello Friends! As we navigate through the summer months, I wanted to share some insights on what I've been seeing in the market. For single-family homes, both sales and rental activity have picked up. The end of the school year can be a chaotic time as students wrap up finals. Parents have been patient, waiting to jump back into the market to prepare for their family's next chapter. There were a spike in showing requests as the moment summer vacation commenced, with families attempting to squeeze in some viewings before their travels. On the flip side, many families may delay their home search until after their vacation, which I forecast will lead to an increase in showings in the next few weeks. As for the condo market, buyers continue to search for the best deals as inventory increases in the market. Investors continue to prioritize their search by pricing, rental policies, and the condition of units. The summer months tend to attract a new pool of buyers, including our international buyers. Here is a list of the top international buyers who have favored Miami-Ft. Lauderdale as the #1 destination in 2023: 1) Colombia 2) Argentina 3) Brazil 4) Venezuela 5) Canada When listing a property, consider flexible long term leases for families and value driven condos that are turn key for both end users and investors. - Thanks for Linking Up - Lily

🏡 JUST LISTED 🏡

The Waverly 1330 West Avenue, Unit 1713, Miami Beach

2 Bed | 2 Bath | 1,262 SF LP: $1,295,000 Available for rent: $6,250/monthly Immerse yourself in luxury with this fully renovated modern 2-bed, 2-bath unit boasting stunning bay and ocean views. The condo features elegant porcelain floors, with an open kitchen with an expansive island and quartzite countertops. The master bedroom is spacious, with a walk-in closet and ensuite bathroom featuring a beautiful shower with porcelain walls and dual sinks. Step out onto the expansive balcony for a serene outdoor retreat. The building amenities are unparalleled, with 24-hour security/concierge, a resort-style pool and spa, a state-of-the-art gym, rooftop tennis courts, BBQ grills, and volleyball courts. Live the best of South Beach life, walking distance to Lincoln Road and just minutes from the beach. Be the first to enjoy the renovated condo.

🔐JUST SOLD & UNDER CONTRACT🔐

Miami Beach 1340 Lincoln Road, #209 STUDIO | 1 BA | 408 SF | $239,000 Just Sold - 10 DOM Miami beach 2524 Regatta Avenue 4 BD | 4 BA | 3,232 SF | $6,600,000 Under Contract in 30 days!

See All My Listings

📰 Miami in the News 📰

830 Brickell Shuffles tenants with Citadel's Ken Griffin leasing two additional floors. Read Here

🔦 Hospitality Highlight 🔦

Abbale Tel Avivian Restaurant Fantastic option for both lunch and dinner, come check out this flavorful restaurant located in South Beach and Aventura. I recently dined here for dinner and was surprised to see a completely different menu than what they offered for lunch. The best thing about this restaurant is the ingredients are fresh and full of flavors. We tried their Abbale Herb Salad, crunchy cauliflower, Moroccan spiced local fish (Mahi-mahi), and Moroccan couscous. We loved it so much we wanted to go back the next day! Picture above is from their South Beach location (south of fifth). Avoid the heat and go for dinner when it's a breezy night and top it off with a romantic night lit walk in the neighborhood. Book Your Reservation Here

🎟 Local Happenings 🎟

June 15 (Saturday) Justin Timberlake: The Forget Tomorrow World tour I am personally fan girling Justin Timberlake right now and won't be in town for this concert, which I'm totally heartbroken for. Can someone please go so I can live vicariously through you? Learn More

This Month Home Inspiration Quiet Luxury Lily's Pinterest Inspo

🏗 New Development Spotlight 🏗

The Villa Miami Edgewater Building Highlights - Hospitality and lifestyle brought to you by Major Food Group - Interior Design by Charles & Co - Architecture by ODP Architecets - Landscape Design by Enzo Enea - Project Visionaries: Terra and One Thousand Group - Waterfront living with 55 floors and 49 residential levels within, three levels of private club lifestyle amenities - Half-floor Villa Mezzo residences range from three to four bedrooms - Full-floor Villa Piano residences range from three to four bedrooms - Endless 360 sunrise and sunset views spanning the Bay, Ocean, Downtown Miami and Miami Beach - Piazza-style grounds connected to the forthcoming Miami Baytwalk and promenade, with convenient accessbility to Design District shopping and dining Amenities Include: - 20,000 SF or world-class amenities serviced by MFG - Lake Como-inspired floating pool vessel on the Biscayne Bay - Villa's own MFG restaurant, conceived as an Italian-inspired culinary experience spanning two levels to include bayfront dining and private dining rooms exclusive to residents - MFG curated food and beverage throughout building - Poolside food and beverage service - Spa experience inspired by Italian thermal spas containing plunge pools, steam and sauna rooms, and an extensive menu of treatments - Spacious, light filled fitness center with state-of-the-art Technogym equipment and fully equipped yoga, pilates and boxing studios - Resident's Club with library and intimate lounge rooms - Boardroom and private work spaces - Screening and multi-media rooms - Dedicated Family Lounge I'd Like to Know More

Have a question on real estate? Reach out to chat!

Lily Choi Real Estate Advisor M: 213.284.5954 lily.choi@compass.com

Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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