Cafecito ☕ COMPASS #1, Miami Home Price Correction 2023 + Mortgage Demand & More
What's Happening in South Florida
COMPASS Is #1 In Miami, Broward, and Palm Beach
Congrats to everyone at Compass South Florida on achieving the #1 market share position in Miami Dade, Broward & Palm Beach Counties. Thank you to all of our clients for trusting us, and thank you to our incredible agents and team members on this milestone.
Interested in joining our team?
Foreign Investments Flood Into Miami Real Estate
According to a new report from the Miami Association of Realtors, foreign buyers picked up $6.8 billion of South Florida residential real estate between August 2021 and July 2022.
That's a 34% increase from the sales volume the year prior.
Mortgage demand jumps nearly 28% in one week
◾️ Mortgage rates are at the lowest level since September, and that is bringing new demand into the mortgage market.
◾️ The average contract interest rate for 30-year fixed-rate mortgages decreased last week to 6.23% from 6.42%.
◾️ Applications for a mortgage to purchase a home increased 25% week to week but were 35% lower than the same week one year ago.
Private Exclusive at Botaniko Estates
Tropical exuberance meets organic modern in the exclusive gated community of Botaniko Estates. This under-construction 7,138 ft² lakefront residence, is one of the largest homes of its kind in the community. Botaniko is a private enclave of 120 modern luxury residences designed by award-winning architect Chad Oppenheim located in Weston.
3301 NE 1st Ave #H2507
Miami, FL 33137
2 Bed | 2 Bath | 1,181 SF
Gorgeous sunset and city views from this stunning residence at coveted 4Midtown. Features include grey ceramic floors throughout, large closets, stone countertops, and Jenn-Air stainless steel appliances. You will love life at 4Midtown with its redesigned lobby and common areas.
Offered for sale at $679,000 USD
Mirador South Beach #304
1000 West Ave #304
Miami, FL 33139
Studio | 1 Bath | 776 SF
The perfect pied-a-terre at the Mirador South Beach. This studio with an alcove features a spacious layout with large closets and stylish touches. Enjoy a full-service Bayfront building with state-of-the-art amenities including 24 Hour Security & Concierge, Convenience Store, Hair Salon, Spa, Pool, and Sauna. 5000+ SF Fitness Center with monthly memberships available.Offered for sale at $295,000 USD
The Alex + Joe Team at Compass Advantage
Compass Bridge Loans
A simple solution to bridge the gap between the home have and the home you want.
Compass Bridge Loan Services gives you the financial flexibility to make an offer on your next home without waiting for your current one to sell. When you work with a Compass agent you'll have the option to get up to six months of your loan payments fronted.
Get fronted for the cost of home improvement services with no interest - ever.
Compass Concierge is the hassle-free way to sell your home faster and for a higher price with services like staging, flooring, painting, and more. By investing in your home’s potential, we aim to provide a swifter, more profitable sale.
Who You Work with Matters
The Seller Experience
The Buyer Experience