Miami Real Estate Transactions Up Nearly 80% In Q1, & Tech Founders Say They Are Being Outbid

Miami real estate transaction volume soared in the first quarter of 2021.

Total transaction volume for the quarter reached $16.9 billion, according to a tweet from Ana Bozovic, founder of Analytics Miami.

The dollar volume of transactions in the market was 78% higher compared to the same period last year (which was still generally before the Covid-19 epidemic began to impact the economy).

The increase was even more pronounced in residences valued at $1 million or above. Transactions in those homes were up 176% compared to last year.

Some tech company founders are complaining they are having a difficult time finding homes.

Jason Goldberg, founder of fitness streaming service Moxie, tweeted last month that he had lost out on four different bids for Miami homes in a matter of weeks.

 

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Anonymous
3 months ago

First world problems…

Anonymous
3 months ago

May be Patrisse Cullors, wants to buy some real state in Coral Gables !!!!

Anonymous
3 months ago

Cullors has gone on a home-buying binge spending a total of $3.2 million on four properties. The prominent Black Lives Matter leader has purchased a $1.4 million property near Los Angeles and a $415,000 “custom ranch” near Atlanta within the past year in addition to several other properties purchased since 2016, according to the Post….🥰🤪🤪🤪🤪🤩… the funny thing is that she bought in a mostly white neighborhood !!

Anonymous
3 months ago

“the funny thing is that she bought in a mostly white neighborhood !!”

Gee, I might be wrong but I thought this was a free country?

Anonymous
3 months ago

Sure !!! But I wonder why the Marxist leader of BLM wants to live in a white upscale neighborhood!!! 😂

Azarius
3 months ago

Because there should be no suck title just a nice upscale neighborhood is how it should be referred to. Maybe that’s why?

Azarius
3 months ago

Such*

Anonymous
3 months ago

No suck logic.

Anonymous
3 months ago

She and those like her have made everything revolve around race. If she is constantly reducing everything down to race, it’s relevant to bring up her demographic hypocrisy.

Anonymous
3 months ago

Said like a true rightwing republican.

Anonymous
3 months ago

“She and those like her have made everything revolve around race”

Looks like the police have also…

Anonymous
3 months ago

How so? When you are in an emergency does the EMS ask your race first? When someone is trying to rob you does the police ask what your melanin level is?

Race hustlers like this supposed “Marxist” Topanga Canyon resident BLM leader and Corporate Media will drive the narrative that cops are out to get anyone with dark skin. The police is made of all races and ethnicities. If you are a law abiding citizen that has enough self-respect to follow simple orders and act rationally when involved in a situation where there are police officers then most of these highly charged situations would be avoided.

Unfortunately, it’s better to fuel hate and lie to people that your fellow neighbor hates you because of your skin and that you are incapable of forging your own path because of the melanin in your skin.

Azarius
3 months ago

I use to love this site. But this is sickening!!!! This just proves there will never be equality! Especially when you can’t even acknowledge that it’s a problem with police and minorities. Look at the numbers or are minorities just the issue. They should just obey and be good lol boys FOH!!!! F*** anyone with this view!!! YOU ARE THE PROBLEM!!

Anonymous
3 months ago

Are there instances where police officers do illegal things? Of course. The human condition will always allow for bad/evil things to happen. Looking at the numbers as you mention, its clear that these highly publicized incidents are a statistical rarity in the US with a population of nearly 330 million.

To say that the reason why these individuals die is a result of their race is morally reprehensible if no evidence is shown that it was a guiding factor. What is all too absent from the discussion is how important it is to take personal responsibility for one’s actions.

If I make bad choices, the choice lies with me and not the color of my skin or my ethnicity. I’m 23 and a minority. Neither my skin color nor my background define who I am. The actions I take based on my personal character is what defines me. Loss of Human life is always a tragedy no matter the circumstances. If only people would talk more about taking ahold of one’s own life rather than blaming the “system”.

Anonymous
3 months ago

“Are there instances where police officers do illegal things? Of course”

Ha!.. this person admits there’s a problem with these racist police but have a problem with the way some people peacefully protest that problem.

In the rightwing world, wrong is right and right is wrong.

Anonymous
3 months ago

Are police officers, politicians or any other public servant some sort of different type of human being? Are they some how removed from the ills of the human condition? Humans are fallen creatures that occasionally do horrible things.

Are there some racist cops? Yes. Are there racist white people? Yes. Are there racist black people? Yes. Are there racist Asian people? Yes. Are there racist Hispanic people? Yes.

I have no issue with people practicing their right to peaceably protest any issue. Now, if you include smashing up an autozone or looting the local target as “peaceful” actions, then there is not much room for discussion. Unlike you, I can differentiate between the actions of misguided individuals that ruin peaceful protests that ultimately devolve into riots. All protesters are NOT rioters. Just as NOT all police officers are racist.

Anonymous
3 months ago

^ Even at these so-called “riots” all over the country, no police officers were killed like when we saw, on TV, the storming of the Capitol Building in Washington DC. It was stormed by thousands of rightwing confederate flag waving and hangman noose carrying crazyass people who were dressed in some of the wildest outfits as if they were at a halloween costume party. All of them whipped up by a Republican ex-president who couldn’t take losing an election that he said was stolen from him and went to court over sixty times but couldn’t produce one shred of evidence to prove his point. Talk about embarrassing the country.. Sheesshh!

Yeah, you righties keep pointing the finger at BLM and Antifa.. meanwhile, I’ll keep laughing when the FBI round up another idjut that thought he or she could get away with storming the Capitol Building and leaving pi$$ and sh!t all over the place.

Anonymous
3 months ago

If you live in Miami, be glad that you were spared from having your business be looted and burned to the ground in the riots, yes RIOTS, that Minneapolis, Portland, Seattle, Chicago etc. experienced. If you have no issue, with your home or Livelihood being destroyed please let us know where you live as those victims of the riots would like the opportunity to “peacefully” assemble inside your property.

No current or former member of the US government condones the crazy radical people that vandalized the US Capital. While the investigation of the death of Officer Sicknick is still ongoing, the autopsy shows it was due to a heart attack a day after Jan. 6th. While the events of Jan. 6th may have influenced the medical episode, the final verdict is yet to be determined. Do you know which officer did irrefutably lose their life at the Capital? Officer William Evans. The guy who murdered him by plowing down Evans with his car and injuring others was not a “rightwing confederate flag waving and hangman noose carrying crazyass” but rather a crazy Nation of Islam radical. Hate and evil comes in many forms.

If you wish to believe anyone who holds different opinions and beliefs than you is an evil person, then you are not much different than those in the 20th century who thought only certain traits and beliefs to be superior and worthy of life. I support your right as an individual to hold whatever views you wish. If you won’t respect the same for people like me, we will voice our opinions regardless of whether you like it or not.

Anonymous
3 months ago

^ No current or former member of the US government condones the crazy radical people that vandalized the US Capital”

He!!, a lot of them were hiding because they feared for their lives!

Heck, you wanna bring up riots in Minneapolis, Portland, Seattle, Chicago etc and try to make that appear so atrocious but conveniently ignore what a looney tune rightwinger named Timothy McVeigh did when he blew up the Alfred P. Murrah Federal Building in Oklahoma City, OK and killed 168 people which included 19 children.

I told you, you can point the finger at BLM and Antifa all you want but you rightwingers all truly nuts!

Azarius
3 months ago

The down votes speak volumes 😂🤣🤧

Anonymous
3 months ago

Miami winning.

Jesus
3 months ago

Then build more! We need more building of tall skyscrapers. Perhaps Capital at Brickell and other great projects should start already.

Anonymous
3 months ago

Right Jesus.. and I got booed for saying “start building some 15 to 25 story tall buildings in wynwood.”

Azarius
3 months ago

We really need higher paying jobs and more affordable housing to balance everything that’s happening otherwise the scale is going to tip over!

Anonymous
3 months ago

First, build better looking and more affordable housing no matter how tall, then the balance will follow no matter what.

Anonymous
3 months ago

You can get affordable housing and a yard in Gladeview and Opa-Locka, with decent Metrorail access.

Anonymous
3 months ago

affordable is exactly that. Affordable.
We don’t get to have cheap housing at 1/2 price with views, parks, theater.
There is less expensive stuff just a little further.

No one expects to buy a 2 bed condo for $100k in Beverly Hills or Rodeo drive, on even up on Millionaire Mile Hillsboro beach.

Anonymous
3 months ago

I want Beach Front, Views, big yard, tennis courts, swiming pool… but I don’t want to pay for it. I want it 1/4th the price…. ?? What? ?

Anonymous
3 months ago

Founders and CEOs’ are not that interested in condos as much as bay island mansions.

Anonymous
3 months ago

Are you one these CEO’s you’re talking about and that’s how you know that?

Anonymous
3 months ago

they probably read.

Anonymous
3 months ago

Everyone has run up the price of land in the city to Brickell and South Beach prices for locations that are FAR from as desirable as those spots.

Anonymous
3 months ago

honestly think its going to be split up and sold and some parcels staying vacate for another decade.

Anonymous
3 months ago

It’s called “land banking.”

Anonymous
3 months ago

great idea, Jesus. just build. LOL LOL

Anonymous
3 months ago

Built built built. Without infrastructures, transportation systems, even sewage. Failed country practices. Just to make money.

Anonymous
3 months ago

Um, it’s “build build build.”

“Built” is past tense word.

Anonymous
3 months ago

Thank you teacher.

Anonymous
3 months ago

they have building taxes, usually $10K per unit to go towards expanding schools, water and sewer.
The property taxes that the city will certainly enjoy will help pay for roads and such improvements.
When they build UPWARDS (skyscrapers) there is everything you may need inside the building so no reason to drive I-95 and clog streets.
Make the buildings (or at least a few blocks of buildings) all self sustaining… markets, cleaners, etc.

Anonymous
3 months ago

These rich people don’t want flats, they want houses which area in short supply.

Anonymous
3 months ago

lol @ all the Miami natives cheering this on. You are about to get California prices with 1/3 of California salaries. This unrestrained growth has already shown to be unsustainable for SF, Vancouver, Toronto, etc.

Anonymous
3 months ago

100% THIS!

Anonymous
3 months ago

I own, this means my condo price is going to go up so im cheering. And im a native from liberty city.

Anonymous
3 months ago

I would argue that unrestrained growth was not the problem in any of those city’s, but rather just the opposite, over regulation. Harmful regulations made building unnecessarily expensive and attempts to “help” the problems like rent ceilings just disincentives developers to build desperately needed new projects. A strong argument can be made that the current surge in Miami stems, in large part, from people & business’ fleeing from over regulated areas and the negative consequences resulting from those policies.

Anonymous
3 months ago

Either some kind of rent regulation or “shantytowns and/or tent cities.”

Take your pick, or tell states a better way to do it.

Anonymous
3 months ago

Supply is what keeps prices down. Rent regulations have the effect of reducing supply and decreasing the quality of regulated properties since the incentive for upkeep and upgrades is limited.

Anonymous
3 months ago

“Rent regulations have the effect of reducing supply and decreasing”

Spoken like somebody who doesn’t have to worry about being priced out of the market.

Anonymous
3 months ago

Spoken like somebody who doesn’t understand how the rental market works.

Less supply means you’re priced out of the market.

Anonymous
3 months ago

^ Spoken like somebody who truly doesn’t understand supply and demand.

Rent will always increase so don’t expect a deduction in rent prices because some new buildings are built.

Anonymous
3 months ago

Rent may increase, but healthy supply levels will prevent the situations seen in San Fran and the other cities you mentioned from happening here.

You have done a nice job moving the goal posts from your original argument though.

Anonymous
3 months ago

San Francisco and other cities you’re talking or thinking about are older and bigger than Miami.

You must do a better job of moving the goal post from your original argument though. You have a lot to learn.

Anonymous
3 months ago

What does age or the size of the city have to do with the supply of housing? If a city is larger then it has more space to build! If it’s buildings are older and smaller, like many parts of San Francisco, then there is the opportunity to demolish and build UP and have a better utilization of the space.

You will not see that happening in San Francisco anytime soon, since virulent NIMBYS oppose any and all attempts to change the “quaint” and historic character of the colorful and iconic Victorian row homes. Also in San Francisco, you can find well connected community organizations that try and restrict gentrification so that those individuals that currently live in those areas are protected through rent control and other tactics, but what they ultimately end up doing is building a wall of sorts that keeps all newcomers from ever having the opportunity to move-in.

Anonymous
3 months ago

^ And there is no “Preservation Review” part of the MiamiDade department of zoning?

Like I said, “you have a lot to learn.”

Anonymous
3 months ago

The northwest is full of shantytowns, and they have rent control.

Anonymous
3 months ago

The northwest?.. full of what shantytowns where? Son, I’ve lived in the northwest for 34 years. Florida has a bigger population than the entire northwestern states (Washington, Oregon, Idaho, and Montana) combined.

Anonymous
3 months ago

I hope you understand that the urban boundary of MiamiDade is already restrained from growth into the Everglades. Meanwhile, Florida is the third largest state in population, which makes Florida the third largest state. The more the population grows, the more the salaries will change.

Anonymous
3 months ago

Maybe all Miami natives are cheering because different from those cities like SF, California here in Miami we don’t have the liberal policies that allows tax payer money waist on illegals, the high taxation and the homeless problems with poop and needles everywhere
😘🥰😍
Next time you see a homeless defecating, urinating and doing drugs in front of your kids or in front of your house ( and you can’t do anything) …🤨….think how important is to vote and be thankful we don’t have here in Miami all that garbage of the fancy overpriced cities of the west coast !! 🥰😋😚

Anonymous
3 months ago

Haha, you’re funny if you think Miami is some stainless place to live. San Francisco and Los Angeles are bigger and older than Miami so you cram it where the sun doesn’t shine with that rightwing talking point about liberal voting.

Anonymous
3 months ago

So they are bigger and older …. but still people moving here …. last time I checked we don’t need a Poop 💩 App to walk the streets of Miami !!!

Anonymous
3 months ago

And the last time I checked, you don’t need be bi-lingual to get a job in San Fran or Los Angeles.

Anonymous
3 months ago

You do in L.A. if you’re not in the film industry.

Anonymous
3 months ago

Get your facts… in LA and San Francisco you need to speak Spanish or Mandarin to get a decent job !!!

Anonymous
3 months ago

Working knowledge of one of the most widely spoken languages in the world is a good thing. Miami is pretty unique in that Spanish has been maintained through multiple generations where as in places like LA and Texas, second and third generations generally lose their connection with Spanish.

Miami is arguably the capital of Latin America. Why shouldn’t employers seek qualified individuals that can be up to the task of being proficient in the two most important languages in the Americas?

Anonymous
3 months ago

^ Tell that to Donald Trump.

Anonymous
3 months ago

His wife speaks multiple languages. What’s your point?

Anonymous
3 months ago

^ And his wife was a world renowned model before she married him. So what’s your point?

Anonymous
3 months ago

The conversation was about Bilingualism and the implication that the comment was conveying was that Trump is some sort of bigot and that he should be told the merits of speaking multiple languages.

Being married to Melania and having their son be bilingual shows that the implication that Trump is somehow against Bilingualism is baseless.

I am not a fan of Trump, but this incessant need to bring him up and attach all the “isms” to him is growing tiresome.

Anonymous
3 months ago

Trump speaks another language?

Anyway, Trump dumped another wife for Melania and brought her to this country. That’s before she found out he was cheating on her with Stormy Daniels.

Anonymous
3 months ago

Agree with that !!! What’s the problem to speak a second language!!! Most educated people around the world do! 😛
If you don’t get a job because you’re not bilingual, here or in any major city them move out or get Rosetta Stone !!!

Anonymous
3 months ago

Can you speak any African dialects?

Anyway, during his primary campaign, Donald Trump declared: “We have a country where to assimilate, you have to speak English.” A moment later he added, “This is a country where we speak English, not Spanish.”

Don’t believe it?.. look it up.

Anonymous
3 months ago

What needs to happen is single family zoning has to be abolished to allow for more slightly more density county wide rather than just a few expensive hotspots.

Anonymous
3 months ago

Great now they can feel like the rest of us feel!!!

Anonymous
3 months ago

Who wants to buy my house?

Anonymous
3 months ago

In Hialeah Gardens ?

Grady Muhammad
3 months ago

Yeah. I just asked about a new home built in Liberty City. ASKING price was 349,000 it sold 4 $ 355,000. Right across from the liberty square public housing. No homes are worth this much in my neighborhood. This is drug money because all the buyers are Hispanics and most sell out b 4 they are even listed? Wow. I’ll be buying property, but won’t be here

Anonymous
3 months ago

Ever heard about gentrification, Mr Muhammad?? And for someone with a name that sound like a minority, you shouldn’t be throwing stones to other minorities when you say “ all the buyers are Hispanics” check your facts about who’s buying and don’t pint point to an specific group because you dislike them

Like many people in this blog that always take the chance to vomit their vitriol, envy and hate towards Hispanics!! 🧐🧐🧐 and Cubans !!!

Anonymous
3 months ago

Gee, just think how far the Africans could’ve gotten when they were brought over to this hemisphere at the bottom of slave ships and told they would be killed if they were caught speaking their native language?