Category Archives: buyers services

Release of The Wealth-X World Ultra Wealth Report 2015-2016

Wealth-X released their much anticipated World Ultra Wealth Report with updated 2015-2016 data. The findings are particularly illuminating in this election year of change. The report found that there are 212,615 ultra high net worth (UHNW) individuals globally holding a combined wealth of US $30 Trillion in assets. This represents flat growth from the prior year but despite small growth, UHNW individuals still control 12% of the world’s wealth while representing just .004% of the world’s adult population.

Global wealth performance is a significant factor for Miami’s real estate market due to its consistently global participants. In Europe and the Middle East, wealth fell 2.4% but in the Americas, it was Latin America rather than North America that helped the region achieve a modern 1.5% growth in ultra wealth value. Across all geographic regions, it is the highest ranks of the UHNW population who are experiencing the most success. Interestingly, 2015 billionaires saw their wealth grow 5.4% more than double the rate of economic growth.

Most key findings show that UHNW wealth is expected to grow at a compound annual growth rate of 9% and the population itself is expected to exceed 318,000 by 2020. Sadly, female UHNW population remained steady at 13% but their share of total UHNW wealth fell from 14% to 11% this year. Male wealth increased 2.4%. Finance, banking and investment remain the top UHNW industry and in 2 out of 3 cases, wealth is purely self-made rather than inherited. For all these important stats and more, reach out to me to receive the full report and to discuss what these trends mean for you and your real estate portfolio!

With more than 15 years of success selling South Florida area real estate, Anna Sherrill is both respected and sought after by clients who trust her ability to maximize their purchase or sale experience. If you’re considering buying or selling an extraordinary residence, contact her today.

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Q3 Trends Update: Market Strength Spotlight

The ONE Sotheby’s International Realty Q3 Trends Update for Miami-Dade’s single-family home market in its most exclusive neighborhoods is here. The data assessed shows a positive overall snapshot at the health of our luxury market. 4 of the 5 categories in the Waterfront Home segment showed positive change from the same period last year. Average…Continue Reading

The Best of Concierge Service on Miami Beach

The WSJ’s Mansion Global recently did a spotlight on the luxury offerings that top Miami Beach residences can offer and Louver House was featured as the prime example. The piece titled “Concierge Service Brings Miami’s High-End Homebuyers Straight to the Beach” focuses on efforts by condo developers to offer beach service that provides the next…Continue Reading

Anna Sherrill Spotlight: US Mortgages and Foreign Buyers

Global turmoil and economic instability has led foreign buyers to find unique ways of safeguarding their money. Many have determined US real estate to be the ideal safe space but buyers have to be more savvy than ever, especially as foreigners face rising US home prices and a strong dollar. In the past overseas buyers…Continue Reading

Introducing: Palazzo del Sol Fisher Island

The A Team had the pleasure of touring Palazzo del Sol this week and it felt right to share the beauty of the Fisher Island project with you on Waterfront Wednesday. The tower is the only new construction project on the renowned Fisher Island and the live project has brought some of the most desirable…Continue Reading

MID YEAR TRENDS REPORT – Single Family Home Data

My firm has culled through all the data fit to print and has released a mid-year review on Miami’s luxury single family home category. The state of the market shows a residential shift noting a transition that allows buyers a greater selection of inventory and at time – increased negotiating power over sellers. The transition…Continue Reading

Grove at Grand Bay – An Anna Sherrill Spotlight

Coconut Grove has always been a treasured bohemian enclave, and until a year or so ago – remained a local’s secret. But “The Grove” has quietly grown its cache as several significant new developments have emerged (WSJ article chronically its rise). One of the most notable include Grove at Grand Bay (pic above from their Instagram…Continue Reading

South of Spice 2016 – Sponsored by Louver House

Summer temperatures may be hot in Miami Beach, but nothing compares to the heated buzz surrounding South of Fifth’s neighborhood foodie scene. Enter the 2nd annual South of Spice event. From 6PM-10PM, on Tuesday July 26th enjoy a delicious food/beverage tour thru the iconic community. Not only is my firm involved in this evening, but…Continue Reading

Louver House – Always at the Forefront of Luxury

On this Waterfront Wednesday, I feel it’s appropriate to share news about brand new amenities offered for Louver House residents. The luxury South of Fifth development has brokered a partnership with the Boucher Brothers this month. This means the well-known aquatic concierge service will be the key provider for beachfront ease. Residents of the ultra…Continue Reading

Recap: Louver House Event with Michele Oka Doner

Tuesday’s Louver House event was a smash success with the exclusive group of attendees. The art-centric evening paid homage to the work which Michele Oka Doner is creating for the 12-residence boutique property. Michele was present to sign booklets and display her famed “Relic Future Tense”. The native Miamian shared her design vision for the…Continue Reading

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