TRENDS | DECEMBER MARKET REPORT

JILL PENMAN December 16, 2021

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MARKET REPORT DECEMBER 2021

TRENDS

TODAY’S REAL ESTATE
ALONG FLORIDA’S EAST COAST

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AN OFFICIAL REAL ESTATE PARTNER OF THE MIAMI DOLPHINS

Aligned by a passion for South Florida and leading with sportsmanship, the Miami Dolphins are the perfect partner to open new opportunities for our agents to connect with the players and fans in a w“ay no other brokerage can.

This collaboration goes beyond brand promotion; it opens new doors for our agents to connect with the team’s fans, staff and players to talk real estate, top properties along Florida’s East Coast, and of course, football.”

DANIEL DE LA VEGA, PRESIDENT
ONE SOTHEBY’S INTERNATIONAL REALTY

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DISCOVER MORE ON ONESOTHEBYSREALTY.COM/DOLPHINS

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Happening atSotheby’s

Stone III

MARBLE / HARDSTONES / MICROMOSAICS

7-9 JANUARY 2022
3:00 PM GMT / LONDON TO LEARN MORE, VISIT SOTHEBYS.COM

ONLY ONE REAL ESTATE BRAND ALONG FLORIDA’S EAST COAST IS CONNECTED TO THE LONGEST-STANDING TASTEMAKER IN THE WORLD.

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LOCAL EXPERTISE WITH A GLOBAL PERSPECTIVE

􏰁 a􏰂 t􏰃r􏰄lle􏰅 to s􏰃are our latest 􏰂ar􏰆et re􏰇ort t􏰃at 􏰈􏰉􏰊 􏰋ot􏰃e􏰌􏰍􏰎s 􏰁􏰏ter􏰏at􏰄o􏰏al 􏰐ealt􏰍 􏰃as 􏰅e􏰑elo􏰇e􏰅 􏰄􏰏 􏰇art􏰏ers􏰃􏰄􏰇 􏰒􏰄t􏰃 􏰐ose􏰏 􏰓o􏰏sult􏰄􏰏􏰔 􏰕rou􏰇􏰖 t􏰃e lea􏰅􏰄􏰏􏰔 􏰄􏰏􏰅e􏰇e􏰏􏰅e􏰏t real estate e􏰗o􏰏o􏰂􏰄􏰗s 􏰗o􏰏sult􏰄􏰏􏰔 􏰘􏰄r􏰂 􏰒􏰄t􏰃 o􏰘􏰘􏰄􏰗es 􏰄􏰏 􏰙er􏰆ele􏰍 a􏰏􏰅 􏰉e􏰒 􏰚or􏰆􏰛

􏰁􏰏 our e􏰘􏰘orts to 􏰇ro􏰑􏰄􏰅e 􏰃􏰄􏰔􏰃􏰜􏰝ual􏰄t􏰍 a􏰏􏰅 a􏰗􏰗ess􏰄􏰌le 􏰄􏰏􏰘or􏰂at􏰄o􏰏 to 􏰔u􏰄􏰅e our 􏰗l􏰄e􏰏ts 􏰒􏰄t􏰃 su􏰇er􏰄or 􏰄􏰏s􏰄􏰔􏰃ts a􏰏􏰅 a strate􏰔􏰄􏰗 􏰇ers􏰇e􏰗t􏰄􏰑e o􏰏 real estate􏰖 􏰒e 􏰗o􏰏t􏰄􏰏ue a􏰏 u􏰏􏰂at􏰗􏰃e􏰅 􏰗olla􏰌orat􏰄o􏰏 􏰒􏰄t􏰃 a truste􏰅 a􏰅􏰑􏰄sor to to􏰇 􏰇u􏰌l􏰄􏰗 a􏰏􏰅 􏰇r􏰄􏰑ate real estate or􏰔a􏰏􏰄􏰞at􏰄o􏰏s􏰛

􏰟ee􏰇􏰄􏰏􏰔 a 􏰗lose e􏰍e o􏰏 t􏰃e 􏰂ar􏰆et allo􏰒s us 􏰌etter to a􏰅􏰑􏰄se our 􏰗l􏰄e􏰏ts 􏰒􏰄t􏰃 t􏰄􏰂el􏰍 a􏰏􏰅 rele􏰑a􏰏t 􏰆􏰏o􏰒le􏰅􏰔e􏰛 􏰐ose􏰏 􏰓o􏰏sult􏰄􏰏􏰔 􏰕rou􏰇 􏰃as su􏰗􏰗ee􏰅e􏰅 at 􏰇ro􏰑􏰄􏰅􏰄􏰏􏰔 􏰄ts a􏰏al􏰍t􏰄􏰗al a􏰇􏰇roa􏰗􏰃 a􏰏􏰅 􏰔lo􏰌al 􏰑􏰄e􏰒􏰇o􏰄􏰏t􏰖 al􏰄􏰔􏰏e􏰅 􏰒􏰄t􏰃 t􏰃e lo􏰗al e􏰠􏰇ert􏰄se o􏰘 our real estate 􏰇ro􏰘ess􏰄o􏰏als􏰛

􏰡􏰃e 􏰂ar􏰆et 􏰗o􏰏t􏰄􏰏ues to e􏰑ol􏰑e􏰖 a􏰏􏰅 􏰃ea􏰅s 􏰆ee􏰇 tur􏰏􏰄􏰏􏰔 to 􏰢lor􏰄􏰅a􏰎s 􏰊ast 􏰓oast􏰛 􏰣􏰄a􏰂􏰄 􏰤rt 􏰥ee􏰆 􏰌rou􏰔􏰃t e􏰠􏰗􏰄te􏰂e􏰏t to all o􏰘 us as 􏰒e sa􏰒 real estate a􏰔e􏰏ts􏰖 e􏰏tre􏰇re􏰏eurs a􏰏􏰅 􏰄􏰏􏰑estors 􏰗o􏰂􏰄􏰏􏰔 to􏰔et􏰃er 􏰒􏰄t􏰃 a s􏰃are􏰅 􏰇ass􏰄o􏰏 􏰘or art a􏰏􏰅 􏰗ulture􏰛

􏰥􏰃􏰄le 􏰢lor􏰄􏰅a 􏰗at􏰗􏰃es outsta􏰏􏰅􏰄􏰏􏰔 atte􏰏t􏰄o􏰏 􏰘ro􏰂 all arou􏰏􏰅 t􏰃e 􏰒orl􏰅􏰖 o􏰇􏰇ortu􏰏􏰄t􏰄es 􏰘or 􏰄􏰂􏰂e􏰅􏰄ate relo􏰗at􏰄o􏰏􏰖 a l􏰄􏰘est􏰍le 􏰗􏰃a􏰏􏰔e􏰖 or lo􏰏􏰔􏰜ter􏰂 􏰄􏰏􏰑est􏰂e􏰏t 􏰗o􏰏t􏰄􏰏ue to sur􏰘a􏰗e a􏰏􏰅 our 􏰔lo􏰌al real estate a􏰅􏰑􏰄sors re􏰂a􏰄􏰏 􏰗o􏰏􏰏e􏰗te􏰅 􏰘or our 􏰗l􏰄e􏰏ts􏰛

􏰥􏰄t􏰃 􏰔rat􏰄tu􏰅e􏰖

ABOUT TRENDS:

ONE Sotheby’s International Realty presents the only market report focused on Florida’s East Coast. From Miami to Cocoa Beach, data is presented from a macro perspective down to city level.

Data is sourced from local Multiple Listing Service (MLS) organizations. Written analysis created in partnership with the Rosen Consulting Group,

a nationally recognized consulting firm and trusted advisor to top public and private real estate operators and capital providers.

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Daniel de la Vega

President
ONE Sotheby’s International Realty

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THE REAL ESTATE MARKET ALONG FLORIDA’S EAST COAST

DEC 2021

The Florida East Coast housing market headed towards a strong finish to the year, with home prices continuing to increase. In part driving the price gains, housing demand was bolstered by continued job creation and wage growth. Migration into the region continued to rebound, with younger households attracted by job opportunities and low unemployment rate as well as some households relocating for affordability reasons. Strengthening economic conditions and still-low mortgage rates should expand housing demand despite strong price gains that will curtail affordability.

AVERAGE SALES PRICE BY COUNTY

FLORIDA’S EAST COAST

NOV 2020 NOV 2021

The lack of homes remained the primary constraint
on the market, limiting sales activity despite the elevated buyer demand. In November, nearly 9,800 homes and condos sold in the region, on par with the previous month. Notably, sales volume for both single family homes and condos was stable from October. This contrasts with recent months where the greater availability of condo inventory in many counties helped allow sales to accelerate. As excess condo supply is absorbed, sales activity should more closely align with the single family sector.

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NOV 2020 NOV 2021

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SINGLE-FAMILY HOMES

CONDOMINIUMS

INVENTORY DOWN 50% SINCE JANUARY

The total number of for-sale listings decreased by nearly 7% in the last month, falling below the 20,000 home threshold for the first time in this cycle. Since the beginning of the year, inventory has fallen by more than 50%, underscoring the degree to which buyer demand has outweighed new listings coming on the market. With such a large imbalance of demand and supply, it is not surprising that prices reached record levels in many neighborhoods.
With dwindling inventory and strong sales activity,
the months of supply continued to fall. At the current sales pace, condo inventory would be absorbed within roughly 2.5 months. In the more supply constrained single family home sector, inventory would be exhausted in less than 1.5 months if no additional homes came on the market.

MEDIAN SALES PRICE

FLORIDA’S EAST COAST

BUYERS WILLING TO COMPROMISE

In the last few months, the average days on market increased slightly. While an increase often marks a slowing housing market, in this case the lack of supply is driving more buyers to consider homes that have sat on the market for longer than expected, which is leading to the increase in the average days on market. While newly listed homes are often put into escrow quickly, potential buyers that find themselves outbid are increasingly turning to available homes that, for various reasons, have not yet sold. This highlights that some buyers are increasingly compromising on location, amenities and other features in order to gain entry to the ownership market. Roughly 26% of sales closed at greater than the list price, slightly down from the peak in July and August. Competition was elevated in the single family segment relative to condos, with approximately 33% of single family homes sold above asking price while 19% of condos sold for more than the list price. While the share of condos closing greater than the asking price was much lower than single family homes, since 2020 that share has tripled, highlighting the rapid recovery of the condo market in many neighborhoods.

$470,000 2%

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THE REAL ESTATE MARKET ALONG FLORIDA’S EAST COAST

DEC 2021

MEDIAN PRICE CONTINUES TO INCREASE

Driven by strong demand, the median price continued to increase throughout the Florida East Coast. The median price of condos increased by more than 6% in November to reach a record-high of $282,000. The single family home median price increased by more than 2% from

the previous month. While the increase in pricing strains affordability, buyers continued to compete for quality homes. In November, roughly 26% of sales closed at greater than the list price. Tighter conditions in the single family home segment magnified this trend, with nearly 33% of sales closing above the asking price.

With few prospects for inventory to increase substantially in the coming months, sellers in most neighborhoods

AVAILABLE INVENTORY

FLORIDA’S EAST COAST
SINGLE-FAMILY HOMES AND CONDOMINIUMS

will continue to hold leverage over buyers. The elevated demand should spur further price increases even
as mortgage rates may increase next year. Housing affordability will increasingly become an issue for some households, particularly potential buyers of starter homes and smaller condo units, though the surge

in apartment rents may complicate the own/rent decision. The overall trajectory of the economy, as well
as prospects for a full recovery of tourism activity, will remain influenced by the pandemic. Despite potential headwinds, the Florida East Coast housing market should end this year on a positive note with strong prospects for continued growth into 2022.

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Sep 2021

Oct 2021

↓9%

Nov 2021

↓ 10%

↓14%

↓8%

↓7%

↓6%

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SOLD ABOVE LISTED PRICE

FLORIDA’S EAST COAST

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NOV 2020

SINGLE-FAMILY HOMES

NOV 2021

ABOVE LISTING PRICE

MEDIAN SALES PRICE

NOV 2020

AT LISTING PRICE OR LOWER

AVG SALES PRICE PRICE PER SF

NOV 2021

CLOSED TRANSACTIONS

CONDOMINIUMS

HIGHEST SALES

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FOR SALE

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SINGLE-FAMILY HOMES

Miami-Dade County

BUYER DEMAND REMAINS STRONG

While overall sales volume was stable in November, transactions priced between $1 million and $3 million accelerated by 20%. Even as the county has the greatest months of supply, roughly 29% of homes sold above the asking price.

AVERAGE SALES PRICE

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DAYS ON MARKET

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Miami-Dade County

SALES BY NEIGHBORHOOD

AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

DAYS ON MARKET

DAYS ON MARKET

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PRICE RANGE

AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

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SOLD ABOVE LISTED PRICE

NOV 2020

AVAILABLE LISTINGS

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ABOVE LISTING PRICE

AT LISTING PRICE OR LOWER

NOV 2021

↓4%

SINGLE-FAMILY HOMES

CONDOMINIUMS

Miami-Dade County

LARGE INVENTORY PRESENTS OPPORTUNITIES FOR BUYERS

In the last month, inventory decreased by nearly 7% as the pace of sales accelerated. Despite this improvement, the share of units sold above list price was the lowest
in the region.

AVERAGE SALES PRICE

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DAYS ON MARKET

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Miami-Dade County

SALES BY NEIGHBORHOOD

AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

DAYS ON MARKET

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-

ER

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PRICE RANGE

AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

DAYS ON MARKET

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SOLD ABOVE LISTED PRICE

NOV 2020

AVAILABLE LISTINGS

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ABOVE LISTING PRICE

AT LISTING PRICE OR LOWER

NOV 2021

↓6%

CONDOMINIUMS

SINGLE-FAMILY HOMES

Broward County

HEIGHTENED COMPETITION LEADS TO PRICE GAINS

The county maintained the greatest share of homes sold over the list price in the region at 37%. This competition helped drive the average price paid per square foot to a new high in November.

AVERAGE SALES PRICE

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DAYS ON MARKET

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Broward County

SALES BY NEIGHBORHOOD

AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

DAYS ON MARKET

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PRICE RANGE

AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

DAYS ON MARKET

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SOLD ABOVE LISTED PRICE

NOV 2020

AVAILABLE LISTINGS

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ABOVE LISTING PRICE

AT LISTING PRICE OR LOWER

NOV 2021

↓9%

SINGLE-FAMILY HOMES

CONDOMINIUMS

Broward County

INVENTORY FALLS, PRICES RISE

Since June, listing inventory fell by more than 16%, bringing the number of available units below the 3,000 unit threshold for the first time. The strong sales activity led to a more than 4% rise from last month in the average price.

AVERAGE SALES PRICE

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DAYS ON MARKET

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Broward County

SALES BY NEIGHBORHOOD

AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

DAYS ON MARKET

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PRICE RANGE

AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

DAYS ON MARKET

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SOLD ABOVE LISTED PRICE

NOV 2020

AVAILABLE LISTINGS

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ABOVE LISTING PRICE

AT LISTING PRICE OR LOWER

NOV 2021

↓5%

CONDOMINIUMS

SINGLE-FAMILY HOMES

Palm Beach County

SALES ABSORB INVENTORY AT ACCELERATING PACE

In November, for-sale listings fell by more than 11%. The bulk of the increase in sales occurred in the $1 million to $3 million range. In contrast, the growth in sales in October was driven by the under $1 million category.

AVERAGE SALES PRICE

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DAYS ON MARKET

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Palm Beach County

SALES BY NEIGHBORHOOD

AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

DAYS ON MARKET

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PRICE RANGE

AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

DAYS ON MARKET

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SOLD ABOVE LISTED PRICE

NOV 2020

AVAILABLE LISTINGS

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ABOVE LISTING PRICE

AT LISTING PRICE OR LOWER

NOV 2021

↓11%

SINGLE-FAMILY HOMES

CONDOMINIUMS

Palm Beach County

INVENTORY FALLS AS UNITS SELL QUICKLY

Inventory fell by 5% and the average list price increased to more than $765,000. Counter to the regional trend, the average number of days on the market decreased. The average price per square foot reached a new high in November.

AVERAGE SALES PRICE

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DAYS ON MARKET

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Palm Beach County

SALES BY NEIGHBORHOOD

AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

DAYS ON MARKET

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PRICE RANGE

AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

DAYS ON MARKET

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SOLD ABOVE LISTED PRICE

NOV 2020

AVAILABLE LISTINGS

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ABOVE LISTING PRICE

AT LISTING PRICE OR LOWER

NOV 2021

↓5%

CONDOMINIUMS

SINGLE-FAMILY HOMES

Martin County

SALES ACTIVITY REBOUNDS

Sales activity increased for the first time in five months as tight inventory had hampered volume in recent months. The recovery in sales was driven by the less than $1 million price range.

AVERAGE SALES PRICE

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DAYS ON MARKET

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Martin County

SALES BY NEIGHBORHOOD

AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

DAYS ON MARKET

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PRICE RANGE

AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

DAYS ON MARKET

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SOLD ABOVE LISTED PRICE

AVAILABLE LISTINGS

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NOV 2020

ABOVE LISTING PRICE

NOV 2021

AT LISTING PRICE OR LOWER

↓ 23%

SINGLE-FAMILY HOMES

CONDOMINIUMS

Martin County

PRICE GAINS REDUCING COMPETITION

Pricing surged in recent months, and the upward shift in seller expectations helped to reduce the number of units sold above list price. The condo market tightened in November and at the current sales pace inventory would last one month.

AVERAGE SALES PRICE

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DAYS ON MARKET

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Martin County

SALES BY NEIGHBORHOOD

AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

DAYS ON MARKET

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PRICE RANGE

AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

DAYS ON MARKET

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SOLD ABOVE LISTED PRICE

AVAILABLE LISTINGS

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NOV 2020

ABOVE LISTING PRICE

NOV 2021

AT LISTING PRICE OR LOWER

15%

CONDOMINIUMS

SINGLE-FAMILY HOMES

Indian River County

LOWER PRICED HOMES OUTPERFORMING MARKET

In November, inventory fell by more than 11% as buyers absorbed homes at a faster pace. As the bulk of homes sold were priced less than $1 million, the growing number of higher priced homes listed on the market increased the median list price by more than 9%.

AVERAGE SALES PRICE

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DAYS ON MARKET

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Indian River County

SALES BY NEIGHBORHOOD

AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

DAYS ON MARKET

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PRICE RANGE

AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

DAYS ON MARKET

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SOLD ABOVE LISTED PRICE

AVAILABLE LISTINGS

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NOV 2020

ABOVE LISTING PRICE

NOV 2021

AT LISTING PRICE OR LOWER

↓ 11%

SINGLE-FAMILY HOMES

CONDOMINIUMS

Indian River County

MOST COMPETITIVE CONDO MARKET

The condo market produced the greatest share of units sold above list price in the region. Increased competition led to an 8.5% increase in the average price paid per square foot.

AVERAGE SALES PRICE

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DAYS ON MARKET

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Indian River County

SALES BY NEIGHBORHOOD

PRICE RANGE

AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

DAYS ON MARKET

DAYS ON MARKET

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SOLD ABOVE LISTED PRICE

AVAILABLE LISTINGS

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NOV 2020

ABOVE LISTING PRICE

NOV 2021

AT LISTING PRICE OR LOWER

↓7%

CONDOMINIUMS

SINGLE-FAMILY HOMES

Brevard County

TIGHT MARKET PUSHES PRICING TO NEW HIGHS

Brevard County is the tightest single family market in the region, with approximately three weeks of supply at the current sales pace. The average price per square foot reached a new high in November.

AVERAGE SALES PRICE

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DAYS ON MARKET

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Brevard County

SALES BY NEIGHBORHOOD

PRICE RANGE

AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

DAYS ON MARKET

AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

DAYS ON MARKET

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SOLD ABOVE LISTED PRICE

NOV 2020

AVAILABLE LISTINGS

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ABOVE LISTING PRICE

AT LISTING PRICE OR LOWER

NOV 2021

↓ 10%

SINGLE-FAMILY HOMES

CONDOMINIUMS

Brevard County

CONDO MARKET TIGHTENS

The number of listings fell by nearly 7% in November, reaching the lowest point since early in the year. The average price of listed properties increased by 6% to $323 per square foot, the highest figure on record.

AVERAGE SALES PRICE

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DAYS ON MARKET

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Brevard County

SALES BY NEIGHBORHOOD

PRICE RANGE

AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

DAYS ON MARKET

AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

DAYS ON MARKET

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SOLD ABOVE LISTED PRICE

NOV 2020

AVAILABLE LISTINGS

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ABOVE LISTING PRICE

AT LISTING PRICE OR LOWER

N0V 2021

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CONDOMINIUMS

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An exclusive suite of services designed to make buying and selling your home a delight.

Strategic Home Renovations

Global Refferal Network

Committed Lending Partners

Title Insurance & Settlement Services

Furnishing & Décor Consigment

Sell at Auction

New Developments

Virtual Home Staging

Let’s have a conversation about presenting your home to the market with the White Glove difference.

ONESOTHEBYSREALTY.COM/WHITE-GLOVE

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Recent Blog Posts

NEWLY REPRICED RONEY MATEU MASTERPIECE

The Scoop: South Florida | October 2024

Just Listed | Unlock the Charm of Shenandoah: A Historic Miami Treasure Awaits 🏡✨

Just Listed | Luxurious Living Awaits: Discover Your Dream Townhouse in Coconut Grove🌴

The Scoop: South Florida | August 2024

🌆 Live the Miami Lifestyle at Gale Miami/ Natiivo! | 601 NE 1st Avenue

THE SCOOP | WEEK OF JANUARY 20

Whether you’re looking for a total makeover or a new knickknack, here are some ideas to feather your nest.

Showcase Worthy Home on an Idyllic Tree-Lined Street in one of South Pasadena’s Most Desirable Neighborhoods
August is the new May

It is like 2005 again in this real estate market! Buyers are making offers with interest rates so low.

THE SCOOP | WEEK OF FEBRUARY 10

Here’s a little list of home and design news to spruce up your surroundings.

THE SCOOP | WEEK OF MARCH 3

Stores have begun receiving the season’s collections to freshen up your wardrobe.

THE SCOOP | WEEK OF FEBRUARY 3

Rather than wait until the last minute, here are some gift ideas to share the love sans stress.

THE SCOOP | WEEK OF APRIL 7

Gather design tips for a good cause at the 4th annual Kips Bay Decorator Show House Palm Beach 2021.

THE SCOOP | WEEK OF MARCH 24

Signs of spring are everywhere from the flowering tropical trees to some of South Florida’s premier events.

THE SCOOP | WEEK OF JANUARY 13

South Florida is receiving a slew of new restaurants, especially established imports from hot dining cities

THE SCOOP | WEEK OF MARCH 17

Here are some fantastic fashion and art exhibits that are worth spending a few hours indoors.

THE SCOOP | WEEK OF DECEMBER 17

Though holiday gatherings are much smaller this year, it doesn’t mean you can’t celebrate in style.

THE SCOOP | WEEK OF MARCH 31

With spring break at full tilt in South Florida, we have beach days on our mind.

Selling Twice is Oh so Nice!

Just Sold

Top Outdoor Dining Venues In Miami Fall | September 2020

Not yet ready to dine indoors, here are my September pics for some great outdoor dining settings

THE SCOOP | WEEK OF APRIL 14

Introduced this year, a mini, 8-goal polo series with Sunday brunch runs through Mother’s Day.

THE SCOOP | WEEK OF DECEMBER 29

The holidays can certainly be hectic, but there’s a lot to enjoy this week.

Just Sold Another Grove Townhouse! | 2926 Bird Avenue #2

We are confident that they will create many cherished memories within its walls.

Broker's Open | 3616 SW 26th Street

Don't miss out on making this your own private oasis in the heart of South Florida.

MY TOWN TUESDAY

Every Tuesday I feature on my instagram a local spot or business that I like to visit in South Florida.

The Markers | Grove Isle

I am excited to provide another new construction option to my Coconut Grove buyers.

Home in the Sky | Four Seasons Residences in Brickell

Your jaw will drop as you step into this one-of-a-kind residence, 58E in the sky in the heart of Miami.

MyTown Tuesday! | July 27th

You’ll find there’s so much to do in Coconut Grove if you just know where to look.

THE SCOOP WEEK OF JULY 15

Frenchmen and Francophiles around the world are celebrating Bastille Day, better known as Fête Nationale.

THE SCOOP | WEEK OF JULY 21

It’s time to get a hobby. Take advantage of this time to learn a new skill. Here are some ideas.

The Scoop | Week of August 2

Located on a tranquil, 15-mile stretch of beach, Hutchinson Shores Resort & Spa is a no-brainer.

MyTownTuesday! | July 26th

The only thing you'll want to do this month is go to the South Florida beaches.

JILL PENMAN JUST SOLD ANOTHER ONE

I am thrilled for my client who viewed this townhouse at the perfect time to capture the purchase.

Spotlight | Key Biscayne

Please enjoy our curated guide to this urban oasis that offers the best of both worlds.

THE SCOOP | WEEKEND OF JULY 29TH

The wellness movement is only growing stronger with the current medical crisis. Learn more in this week's Scoop.

THE SCOOP | WEEK OF AUGUST 6

Miami Swim Week, the world’s largest market for swim and resort fashions, may have been canceled in person.

THE SCOOP | WEEKEND OF JULY 2

Fireworks may be on hold this year, but there’s still plenty to celebrate on the Fourth of July.

MarketWatchMonday! | September 27th

With beautiful cities like Miami and the Keys, Florida is ranked #8 in the U.S. of the highest-growing cities!

The Scoop | Week of September 28

Sotheby’s fall auction season is in full swing. The staggering variety promises something for every collector.

THE SCOOP | WEEKEND OF APRIL 17th

Digital galleries, curbside pickups and home deliveries, and virtual exhibits. This and more in the Scoop.

THE SCOOP | WEEKEND OF APRIL 24th

Digital galleries, curbside pickups and home deliveries, and virtual exhibits. This and more in the Scoop.

MarketWatchMonday | November 15th

Florida is the most popular destination for overseas purchasers, accounting for 20% of the country.

THE SCOOP | WEEKEND OF May 15th

Digital galleries, curbside pickups, home deliveries and virtual exhibits. This and more in the Scoop.

Just Leased! | 3975 Utopia Court

Just Leased this private home on a quiet, tree-canopied cul-de-sac in South Coconut Grove.

MarketWatch Monday! | December 6th

June 2021 was the most successful month in Miami’s history with a 4,057 total transactions.

MyTownTuesday | December 28th

Here are great events in the area that I’m sure you’ll undoubtedly enjoy as we stroll into a New Year!

Considerations for Seniors Who Are in the Process of Downsizing

Downsizing is a solution for seniors who want to age in place but aren’t able to continue living in their home.

FOODIE GUIDE TO THE 2020 SOUTH BEACH WINE AND FOOD FESTIVAL

This year, its 19th annual edition is now taking over South Beach through Sunday, Feb 23rd. Here are the events you don’t want to miss

THE SCOOP | WEEKEND OF MARCH 27TH

Little River Cooperative organizes two weekly curbside pickups as well as home deliveries.

The Scoop | Week of February 22

Philanthropy abounds during traditional galas and tony winter events along Florida’s east coast.

MyTownTuesday! | March 22nd

Part 2 time with North Miami markets since we posted my favs already in the Grove, Gables, and Pinecrest!

Just Listed! | 55 SW 9th Street Unit #3301

Move right in and enjoy brand-new appliances and an interior washer and dryer combo.

JPG Weekend Round-up of Family Fun in Coconut Grove

The festival celebrates the best Miami has to offer– fresh seafood and waterfront views.

Happy Columbus Day from The Jill Penman Group

Today is the 54th Columbus Day Regatta in Miami down to the Florida Keys.

JPG Weekend Round-Up of Family Fun in Coconut Grove

With the start of Fall comes Miami’s bustling and vibrant events season.

Hot Pre-Construction in Coconut Grove – Catalina Townhouse

With a new week in South Florida comes a new luxury real estate opportunity.

Off Market Sale in Coconut Grove

My clients benefit from my 11+ years of experience and significant connections in Coconut Grove real estate.

The Scoop | Week of April 5

Here are tips to make the most of the season from stylish spring fashion to home décor.

The Scoop: Weekend of April 6th

The Raymond Jungles-landscaped restaurant opens up to the sky through a retractable roof.

Just Sold! | 3242 Day Avenue

In a seller’s market with such limited inventory, I had to find my buyer off market opportunities to purchase.

Just Listed! | 3242 Day Avenue

Be the first residents to live in the newly constructed 3242 Day Avenue and enjoy brand-new everything!

Just Sold! | 8607 SW 68th Court Unit #6

I adore breaking records and just sold the highest-priced condo in this community since 1968.

In Escrow! | 711 University Drive

When my NY buyers came to me looking for only charming Old Spanish estates I had to get creative.

MarketWatchMonday! | May 2nd

Miami real estate registered its third-highest sales month in history in March 2022.

Just Listed! | 7085 SW 68th Avenue

The phone is blowing right now over this South Miami gem in the Banyans community.

MarketWatchMonday! | May 9th

Miami's existing condo luxury ($1-million-and-up) sales surged 40.4% year-over-year to 389 transactions.

MarketWatchMonday! | May 16th

Miami-Dade County single-family median prices increased 13.1% year-over-year in March 2022.

MyTownTuesday! | May 17th

If you are from Buffalo like I am, you grew up with some of the best chicken wings.

MarketWatchMonday! | May 23rd

The overall house sales figure for April 2022 is the seventh-highest total home sales month.

MarketWatchMonday! | May 30th

The median transaction price for a single-family house in April was $410,000.

Just Leased! | 1425 Brickell Avenue 58C

Jill did an outstanding job leasing our high-rise condo on Brickell.

The Scoop | Week of July 25

Here’s our guide to experiencing the best that this coastal community offers during summer.

MarketWatchMonday! | June 6th

Miami-Dade County single-family home median prices increased 9.7% year-over-year in April 2022.

Casa de El Roble: A Work of Art in Pinecrest

The Village of Pinecrest is perhaps the most desirable suburb of Miami.

The Scoop | Week of June 20

Here’s a guide to Fourth of July festivities throughout Florida’s East Coast. Have a wonderful holiday.

ONE Sotheby’s International Realty Agents Ranked in Real Trends, The Thousand and America’s Best Real Estate Professionals

Every year Real Trends announces The Thousand and America’s Best Real Estate Professionals rankings.

Just Listed! | 2955 Bird Avenue

Move right into this newer condo in the modern hip boutique building L’UCCELLO only blocks away.

The Scoop: Weekend of April 20th

South Beach boutique and lifestyle brand Alchemist has headed for the big league.

The Scoop | Week of August 8

Here’s a short guide to new international resorts and hotels in incredible destinations.

March 2015 Update – JPG Pending Sales

Some significant changes on my exclusive JPG listings page over the past few days.

JPG Weekend Round Up

After a long week, sometimes you just need celebrate the weekend with a great happy hour.

Just Sold! | 55 SW 9th St Unit 3301

Just sold this corner property with spectacular panoramic views in the heart of Brickell.

Gables Estates 2015 Update

There are 22 listings in Gables Estates, 17 of which are luxury homes worth over $1 million.

JPG Pending Listings

The Jill Penman Group has six pending sales in Miami, South Miami, Coral Gables and Coconut Grove.

TRENDS | JUNE 2022 MARKET REPORT

I am proud to share the only market report focused on Florida’s East Coast. From Miami to Cocoa Beach.

The Scoop | Week of May 23

Memorial Day weekend is also when locals have a minute to really enjoy something that they haven’t had a chance.

The Scoop | Week of June 6

Whether dad’s an angler, golfer, car collector or consummate host, we’ve got you covered.

Just Leased! | 3242 Day Avenue

Stay informed on Florida real estate news, area happenings, and housing market updates.

The Scoop | Week of June 13

Here’s a guide for how to support the LGBTQ+ community in whichever manner you choose.

The Scoop | Week of May 30

From date night to girls’ night to family night, we’ve put together a go-to guide for new restaurants.

MarketWatchMonday! | July 11th

Miami existing condo luxury ($1 million and more) sales increased 8.8 percent year over year.

MarketWatchMonday! | July 25th

Miami-Dade County real estate posted its third-best June sales month in history.

Just Leased! | 4040 Ensenada Avenue

Just leased this Old Spanish home built in 1926 and located in the highly desirable South Coconut Grove.

Newly Priced & For Lease | L'UCCELLO

Buy or lease to purchase this newer condo in the modern hip boutique building L’UCCELLO.

MarketWatchMonday! | August 15th

The rate of growth will reportedly fall to 0.8% in ten years and 0.6% by 2039.

The Scoop | Week of June 27

Many of our clients and colleagues look forward to longer, international excursions this time of year.

Just Listed! | 8120 SW 62nd Place

Move right into this cozy, one-story single-family home surrounded by some of the best parks and schools.

Just Sold! | 2360 SW 16th Street

Wherever and whenever our clients need us we are there to assist with their real estate goals!

MarketWatchMonday! | August 22nd

In July 2022, the median price of a single-family home in Miami-Dade County rose.

MyTownTuesday! | August 23rd

Cooking is one of my favorite things to do when I am not working real estate.

I love the “New Kid” on our block! ONE Sotheby’s Introduces Fairchild Coconut Grove

The project, expected to break ground in 2017, will be built on 3581 Glencoe Street.

Work With Us

We provide our clients with unparalleled customer service, openness and honesty, smooth and transparent transactions, and maximum commercial