Miami Newsletter February 2021

Miami Newsletter February 2021

  • Joelle Oiknine
  • March 29, 2021
ONE Sotheby's International Realty
 
Miami newsletter banner for Joelle Oiknine, with a beach backdrop and ONE Sotheby's International Realty branding.
 
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Miami Newsletter - February 2021

Hello & Happy February!

Welcome to all the new members of our Miami family!

To date, the first month of 2021 has shown that the influx of people looking to move to Miami has not slowed since last year. The real estate market is HOT! The only thing better than the market right now is the weather. Winter really does bring out the best of Miami. People are out enjoying the beauty of this wonderful city while adhering to CDC guidelines, of course. There is no better place to work from home.

Miami has seen a spike in sales and rentals, unlike anything we have seen in the past. Every corner of the city is booming with business as companies from all over the country are announcing moving their offices down to the sunshine state.

Inventory levels have dropped significantly in both the homes and condo sectors in Miami Dade since May 2020. In the $1M and above price range, months of inventory based on closed sales dropped from 28 months to 6.7 months for homes and from 95.9 to 25.7 months for condos. Please see the graphs below for more details.

Dozens of big names have arrived. There was a tech contingent: Keith Rabois, a PayPal co-founder and investor, and his husband. Then their friend Peter Thiel, the tech investor and prominent conservative. Jon Oringer, founder of the stock-photography provider Shutterstock, and the media mogul Bryan Goldberg. Steven Galanis, the head of the celebrity-video product Cameo, is here. Elon Musk is talking about building car tunnels under Miami. Blackstone Group & Elliott Management are just a couple of the many companies moving their offices to Miami.

Make sure to read the New York Times & Forbes articles below for more details.

If you are thinking of moving to Miami, or of purchasing a vacation property, let my team help you find your next home.

Contact us here or Send an email


Joelle

Properties for Sale & Rent

Click on photos for details
 
Modern living room with white sofas and colorful art overlooking the ocean.
 
The Surf Club Four Seasons
Residence 705
SURFSIDE, FL
2 Bed + Den | 3 Bath | 2200 Sq Ft | Direct Ocean
FOR SALE: COMING SOON
 
Empty oceanfront balcony overlooking a sandy beach and calm water.
 
Turnberry Ocean Club
Residence 703
Sunny Isles Beach, FL
3 Bed | 4.5 Bath | 2900 Sq Ft
Direct Ocean| Flow through
FOR RENT
 
Beachfront condominium with turquoise pools, palm-lined grounds, a sandy beach, and ocean views.
 
Roney Palace
Residence Ph19
2 Bed | 2 Bath | 1500 Sq ft
Direct OCean
FOR SALE
 
Condominium balcony overlooking a palm-lined beach and turquoise ocean.
 
Oceana Bal Harbour
Residence 1202
2 Bed + Den | 3 Bath | 2200 Sq Ft
Direct Ocean
FOR SALE
 

Market Stats - Months of Inventory

HOMES $1M+ | OCT 2019 - DEC 2020

Area chart of months of inventory, peaking at 28.1 in April 2020 and falling to 6.7 by December.

CONDOS $1M+ | OCT 2019 - DEC 2020

Months of inventory chart peaks at 95.9 in May 2020, then declines to 25.7 by December.

 

In the News

Palm-lined street with neon-lit Art Deco hotels beneath a pink and blue dusk sky.

FORBES
Forget About San Francisco And Silicon Valley—Miami Is Planning On Becoming The Next Great Tech Hub
"After a while, Miami started capturing the attention of the California tech migrants."
 
Two suited men against a purple background with dollar-bill paper airplanes.
 
SoftBank to invest $100M in Miami startups
SoftBank Group COO Marcelo Claure is launching a $100 million initiative to fund Miami-based tech companies and those moving to the Magic CitTY
 
Illustrated Miami welcome sign beside a palm tree, windsurfer, city buildings, and people.
 
THE NEW YORK TIMES
America’s business leaders, freed from the office, looked around the country, taking note of its coronavirus lockdowns, taxes and rabble rousers. And many said as if in unison: Miami!
 

Dining

Restaurant dining room with green banquette seating, white-tablecloth tables, and an ornate chandelier.

CARBONE - SOUTH BEACH
49 Collins Ave, Miami Beach
Major Food Group recently opened Carbone, at 49 Collins Ave. in Miami Beach. . The restaurant is the fourth Carbone to open – with others already in New York, Las Vegas and Hong Kong – but the first in a series of restaurants Major Food Group has planned for South Florida.
 
Outdoor dining patio with diners beneath string lights and colorful illuminated trees.
 
UPLAND -MIAMI
382- 61st St, MIAMI
Heartland, Miami’s newest hidden gem, recently opened in Little Haiti. Not only is the restaurant completely outside, it offers a menu that is cooked over an open fire and provides its guests with live music in a socially distant setting.
 

Partner Calendars

Events

Eighth Anniversary Celebration of the PAMM Fund for African American Art
 
Pérez Art Museum Miami Art + Soul
 
ADRIENNE ARSHT CENTER HERITAGE FEST
 
Dancers in colorful costumes perform beneath a large sculpture in an outdoor plaza at dusk.
 
MIAMI FOOD & WINE FESTIVAL
 
Toasted seafood canapés with orange roe and green garnish arranged on a wooden platter.
 
MIAMI INTERNATIONAL BOAT SHOW
 
Aerial view of a marina packed with boats, with waterfront event buildings along the shore.
 

TESTIMONIAL

I called one of my friends in Chicago who works with One Sothebys in Chicago and told her I was looking for a place in Miami and she connected me with Joelle. Right from the start I REALLY liked her as she was always looking out for me not trying to just find me any place so she could benefit.
 
Joelle was always on my side during the process of looking then negotiating. I would HIGHLY recommend her to anyone that is looking for a real estate agent. I am not the easiest to please and there is nothing I would do differently, she was great.
DEREK- 1000 MUSEUM
 
 
 
Joelle Oiknine seated in a light blue cardigan, her long dark hair draped over her shoulders.
 
Joelle Oiknine
Senior Global Real Estate Advisor
 
[email protected]
+1 3054911885
Click Here to View My Website
 
Sotheby’s International Realty 2018 Top Producer Circle
Master Brokers Forum
Million Dollar Guild Member
REALTrends and The Wall Street Journal

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Joelle Oiknine has been recognized as one of the Top Ten producing agents at ONE Sotheby’s International Realty as well as being named to the Real Trends WSJ Top 100 agents in Miami on multiple occasions.
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The Joelle Team | ONE Sotheby's International Realty

Phone

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Email

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Address

119 Washington Ave #102 Miami Beach FL 33139 ​​​​​​ 18288 Collins Ave #1 ​​​​​​​Sunny Isles Beach FL 33160 9588 Harding Ave Surfside FL 33154

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