Miami Luxury Real Estate Panel (Audrey Ross & friends)

Jeanne Nicastri, John Sandberg, Audrey Ross

Some of Miami’s Top Realtors shared their insights on Miami’s Luxury Real Estate Market at the ShowcaseMiami/Keller Williams Coral Gables Expert Panel at University of Miami.

They included:

• Audrey Ross of EWM

• Jeanne Nicastri of Coldwell Banker

• John Sandberg of Keller Williams

Miami Realtor Jason Smith introduces special guest Coral Gables Mayor Jim Cason

Insights that were shared:

• 80% of their transactions in the past 12 months have been cash deals

• They are seeing appreciation in some Luxury Miami Buildings (especially Miami Beach’s South of Fifth or “SoFi” area)

• A majority of the International Buyers are coming from:  Brazil, Argentina, Venezuela and Mexico

• 2011 has seen significant movement of premier waterfront properties in Miami Beach and Coral Gables (after less activity in 2010)

• So far, it appears that Asian buyers consider the West Coast of the U.S. more accessible than South Florida

• The Panelists said it was too soon to tell if the downgrade of U.S. debt would affect the South Florida Luxury Real Estate Market

Full House at ShowcaseMiami/Keller Williams Coral Gables Expert Panel