Category Archives: South Florida Market Trends

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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Miami Herald Asks Local Influencers “What will Trump’s Presidency Mean for Miami Real Estate?”

The Miami Herald conducted an interesting and thought provoking audit of local influencers in the wake of the Trump Election (here). Their piece sought to assess the reaction of professionals who are active in local real estate, one of South Florida’s biggest industries. The Herald spoke with realtors, developers, economists, bankers, and lawyers about short…Continue Reading

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

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

2016 Trends Report Released

My firm’s 2016 Trends Report has been released. Rich with data, and the finished product dives into the current state of the market in the most desirable South Florida enclaves. The region has matured into a more diversified and vibrant economy. Buyers are finding themselves with more opportunity, but the best-in-class, newer projects still represent…Continue Reading

Miami Beach Boat Show 2016

All weekend long I’ll be enjoying the Miami Beach Boat Show, love is in the air for me and I want to share the excitement with you. The new site at the Miami Marine Stadium Park takes advantage of the country’s first stadium built for watching powerboat races. The “relic” is a Miami icon that…Continue Reading

Sotheby’s International Realty – Dominating Presence in Florida

I’ve kicked off a fresh year of strong sales but it’s also fun to look back and celebrate 2015 milestones with recently released data. Hard numbers show that our strong global Sotheby’s network is equally strong statewide. In 2015 my firm achieved $7.6 Billion in sales for Florida alone. And ONE Sotheby’s is the top…Continue Reading

Updated: Ultra High Net Worth Buyer Trends

Last month yielded growth statistics regarding real estate purchase trends of the elusive UHNWI (the Ultra High Net Worth Individual) demographic whose asset base is $30M+. Wealth-X & Sotheby’s International Realty, partnered on the UHNW Residential Real Estate Index to update the UHNW Residential Real Estate index which rose to 115.2 in Q2 2015. This…Continue Reading

Market Update: Miami is the 2nd Most Popular Destination for International Visitors

The global appetite for the Miami lifestyle is not slowing down. In fact, in 2014 Miami was the second most popular destination for international visitors in 2014, as reported by the U.S. Department of Commerce. A new record was set as international visits to Miami increased 21%, with traffic second to only NYC (note –…Continue Reading

The Numbers are In: South Florida Market Trends of 2014

Recently, my firm released its annual report of the South Florida real estate market, Trends. After consistent year-over-year growth since 2010, when Trends was first published, it’s no surprise that after further growth in 2014 South Florida has become one of the most sought-after residential destinations in the world. Today, Miami is considered one of…Continue Reading

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