With 31, Miami has more music festivals than any other city in the analysis. The city also scored well for its number of film festivals and artists. 

Fell has worked for Illustrated Properties for 18 years and previously was director of corporate services.

Anderson Ohman will serve as the manager of the new office and oversee the day-to-day operations. Renovations are expected to finish in early December. 

The projected year-over-year change in home sale transactions in the Miami-Fort Lauderdale-West Palm Beach region is -2%.

Miami came in at No. 52 in this year’s 2023 World’s Best Cities Report, a comprehensive annual study by Resonance Consultancy.

From January through October of this year, the Fisher Island ZIP code had a median home sale price of $5.2 million, fourth-highest in the nation.

Baird & Warner has opened a new branch in Naples, Florida. Although the Chicago-based brokerage has conducted some business in Wisconsin and Indiana, the move represents its first office outside of Illinois.

South Florida collectively recorded a 15.3% year-over-year drop in total sales of single-family homes worth $1 million and up in the third quarter of the year.

Downsizing from a four-bedroom home to a two-bedroom home in South Florida would save the typical homeowner more than $322,000.

The 44th edition of the in-depth forecast report examined 80 cities to determine trends in the real estate industry for 2023.

The Grammy-winning rapper’s new home is 8,897 square feet, featuring seven bedrooms and 8.5 bathrooms on gated Allison Island. 

The gated community, AKAI Estates, will consist of 16 properties with modern styling and amenities ranging from 7,000 to 15,000 square feet. 

The median age of inventory in Miami is 63 days, down from 98 before the pandemic began.

The residence sold for $2,506 per square foot, the highest price per square foot deal in Miami.

The development includes a first-phase offering of 62 luxury condominiums starting at $3 million.

In Miami, home prices posted a 28.6% year-over-year gain in August — the largest in the country — compared to a 31.7% gain in July. Month over month, prices fell 0.1%.