Analytics Miami

Miami is the future, am happy to be heading home ✨✨🚀
Traveling always confers newfound perspective, and I was struck anew by how very new Miami is & by how rapidly it has grown.

There is something to be said for being unfettered by a past.

There was virtually no city here 100 years ago.
We have the freedom and the space to define ourselves as a true 21st century, post internet city.

The future is bright and sunny 😎☀️🚀

Pics from the fantastic panel I was on at hosted by .

Pompano Beach is now booming. It is still early days in South Florida, our positive momentum has just begun and the region has just begun to fill in.

Panel was with Edgardo Defortuna, CEO of and the vice mayor of Broward County (he was previously Mayor of Pompano for 11 years).

ana_analytics Thank you & Brian Bandell for the excellent article.
https://www.bizjournals.com/southflorida/news/2022/04/20/s-fla-home-sales-fall-in-march-2022.html

One of my favorite quotes to date, touched upon a few key precepts of our ongoing sh*t-in-focus thesis:

“The quality-of-life contrast between Miami and our feeder jurisdictions is enormous, and people with capital have just begun to move here,” she said. “The reasons that people are moving to South Florida have nothing to do with low interest rates. People are moving to South Florida to live, create and to enjoy life.”

ana_analytics Billion Dollar Miami 🔥💸🚀
Luxury Sales top $1B in Q1 2022.
This pertains to sales of $1M+ properties in the city of Miami.

In addition to year-over-year growth, it is significant to look at the tremendous jump from pre-Covid levels.

Main point in my mind:

The tremendous leap from pre-Covid levels is representative of the ongoing shift in focus away from NYC and other pre-internet capitals.

The world never goes backwards, and new capitals emerge every 100 years or so. London was the capital of the world before NYC, and before London it was Amsterdam. And the world is now shifting again, this time around the freedoms afforded by the internet.

Also:

It will be interesting to see what effects higher interest rates have on this market.

I think that record low (and still dropping) inventory will mitigate some effects, likely resulting in a leveling off rather than a drop.

We shall see.