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Miami Real Estate Market Continues its Streak of Growth in 1Q

Saturday, May 23rd, 2015


Miami, FL (PRWEB) May 11, 2015

MIAMI Increasing demand from domestic and international buyers helped carry the Miami real estate market to a robust first quarter, as single-family home transactions registered double-digit growth while all properties saw a rise in median sale prices, according to a new report by the MIAMI Association of REALTORS (MIAMI) and the local Multiple Listing Service systems.

The median sales price for single-family homes in Miami increased to $ 250,000 in the first quarter, an 8.7 percent jump compared to the same period last year. The median sale price for condominiums increased 4.8 percent year-over-year to $ 196,500. Miami-Dade County has now seen 13 consecutive quarters of prices growth for single-family homes and condominiums.

Miami real estate sales continue growing at a moderate pace after a historic 2014 that saw the market register an all-time annual record for existing home sales and the second-best sales year for condominiums, said Christopher Zoller, a 27-year Miami-based Realtor and the 2015 Residential President of the MIAMI Association of REALTORS. Miamis recent emergence as a cultural and art destination as well as its budding technological hub and world-class amenities are attracting more international and domestic buyers.

Nationally, the median existing single-family home price in the first quarter was $ 205,200, up 7.4 percent from the first quarter of 2014 ($ 191,100), according to the National Association of Realtors. The national median existing-condo price was $ 193,500 in the first quarter, up 1.5 percent from the first quarter of 2014 ($ 190,600).

Statewide, the median sales price for single-family existing homes in the first quarter was $ 182,000, up 8.3 percent from the same time a year ago, according to Florida Realtors. The Florida median price for condos during the quarter was $ 145,000, up 7.4 percent over the year-ago figure.

Double-Digit Growth for Single-Family Home Transactions

Sales of single-family homes increased 10.2 percent to 3,187 in the first quarter, while condominium transactions decreased 3 percent to 3,744 compared with the same period in 2014.

The Miami market had 6,931 total residential sales in the first quarter of 2015, a 2.7 percent increase compared to the first quarter of 2014.

Nationally, total existing-home sales for single-family and condominiums declined 1.8 percent to a seasonally adjusted annual rate of 4.97 million in the first quarter from 5.06 million in the fourth quarter of 2014, but are 6.2 percent higher than the 4.68 million pace during the first quarter of 2014.

Statewide, closed sales of existing single-family homes totaled 59,599 in the first quarter of 2015, up 18.6 percent over the first quarter 2014 figure. Floridas townhome-condo market had 26,637 total closed sales during the first quarter of 2015, up 7.1 percent compared to the first quarter of 2014.

New, Active Listings Rise in First Quarter

Seller confidence in Miamis balanced housing market continued to expand in the first quarter. Miami saw a 1.7 percent increase in new listings for single-family homes, growing from 6,384 in the first quarter of 2014 to 6,490 in the first quarter of 2015. New listings for condominiums increased by 0.7 percent year-over-year from 9,334 to 9,397.

The Miami market had 18,266 active listings in the first quarter, an 8.2 percent increase from the 16,879 listings at the same time last year.

At the current sales pace, the number of active listings represents 5.3 months of inventory for single-family homes and 9.0 for condominiums. A balanced market between buyers and sellers offers between six and nine months of supply inventory. The inventory for single-family homes decreased 4.8 percent compared to the same period from last year. Compared to the first quarter of 2014, the months supply of inventory for condominiums increased 18.8 percent.

The median days on the market for single-family home listings during the first quarter was 51 compared to 47 a year ago, an increase of 8.5 percent. The median days on the market for condominiums was 63 compared to 57 last year, an increase of 10.5 percent.

Luxury Sales Rise for Single-Family Homes, Decline for Condos

Miami saw a 2.3 percent rise in sales for $ 1 million-plus single-family homes in the first quarter compared to the same period last year. Miami which was recently ranked as the sixth most important city in the world to individuals with a net worth of at least $ 30 million by the London-based consultancy Knight Frank — had 222 luxury homes sold in the first quarter. Luxury condominiums listed at $ 1 million or above saw 3.6 percent decline in sales, registering 241 in the first quarter.

The median days on the market for luxury single-family homes was 94 in the first quarter, which equaled the amount from the first quarter of 2014. The median days on the market for luxury condos was 103, a 15.7 percent increase from the same time period in 2014.

Percentage of Cash Sales Increase Compared to Last Quarter

Miami cash sales increased compared to the fourth quarter of 2014, but decreased year-over-year. About 56.5 percent of closed sales in the first quarter of 2015 were all cash compared to 55 percent in the final quarter of 2014. A year ago, Miamis percentage of cash sales was 61.6 percent.

Miami has double the national average of residential cash buyers. Just 24 percent of U.S. home properties were made in cash in March 2015, the most recent statistical data on cash buyers released by the National Association of Realtors. Statewide, cash sales represented 49.6 percent of all closed sales in the first quarter of 2015, down from 55.4 percent during the same period last year.

Miamis existing condo market has more cash-only deals with a whopping 69.4 percent of all transactions made in cash. In the single-family sector, about 41.1 percent of all deals are made in cash. Since nearly 90 percent of foreign buyers pay cash, this reflects Miamis top position as a prime market for foreign buyers. Miami has a significant percentage of international buyers, generating more than double the cash transactions than the national average.

1Q Miami-Dade Statistical Reports visit SFMarketIntel.com

Note: Statistics in this news release may vary depending on reporting dates. MIAMI reports exact statistics directly from its MLS system.

About the MIAMI Association of REALTORS

The MIAMI Association of REALTORS was chartered by the National Association of Realtors in 1920 and is celebrating 95 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of five organizations, the Residential Association, the Realtors Commercial Alliance, the Broward County Board of Governors, the YPN Council and the award-winning International Council, it represents more than 35,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local Realtor association in the U.S., and has official partnerships with more than 125 international organizations worldwide. MIAMIs official website is http://www.miamire.com.

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Buffalo Wings & Rings Spearheads Growth in Kentucky with Crestview Hills Opening

Saturday, August 9th, 2014

Cincinnati (PRWEB) June 20, 2014

Paving a path for itself with its powerful combination of innovative menu items and a welcoming family-friendly atmosphere, Buffalo Wings & Rings is confidently moving forward with its rapid growth plans to serve more communities across the nation. In the sports restaurant brands latest developments, Buffalo Wings & Rings announced it has opened its newest restaurant at Crestview Hills Town Center on June 18, 2014, with a VIP event on June 16.

Were very excited to offer Crestview Hills residents premier wings and incredible customer service. As a brand established in the neighboring city of Cincinnati, the community of Crestview Hills is very close to our heart, said Buffalo Wings & Rings CEO Nader Masadeh. While there is no shortage of restaurants for families to choose when dining out, I think that our interest in sensory impressions and culinary trends has translated well for both families and friends looking for a fun night out in a comfortable environment.

The opening of the Crestview Hills restaurant marks the first of five new locations planned for the brands development around its home base of Cincinnati. Moreover, as part of Buffalo Wings & Rings efforts to revitalize the brand, the franchise plans to remodel existing restaurants in the greater Cincinnati area to ensure that guests enjoy the elevated experience that Buffalo Wings & Rings prides itself on.

As a reflection of the brands success in attracting business-savvy entrepreneurs eager to join an up-and-coming, quality-focused team, Buffalo Wings & Rings Crestview Hills restaurant will open under the leadership of General Manager Dave Seeger.

Seeger joins Buffalo Wings & Rings with the entrepreneurial and managerial skills that will ensure the brand continues to advance against its competitors. In addition to having previously owned and managed the day-to-day operations of two local restaurants in Cincinnati for a total of seven years, Seeger also spent the majority of his young adulthood working in restaurants.

Im looking forward to seeing the excitement of family and friends come together at Buffalo Wings & Rings, Seeger said. Families can come and relax with a great meal in an open and welcoming environment.

Based on Buffalo Wings & Rings confidence in Seegers management of the restaurant, the brand has chosen the Crestview Hills location to act as a training site for future managers and franchisees, and is one of the first corporate locations developed with the brands newest restaurant prototype design.

Since 2011, the brands newest prototype has been a huge success, both with new units and converted units. The brand has a flexible footprint of 4,500- 6,000-square-foot per location (customized to your real estate), a seating range of 180-220 seats with a tap table, as well as a covered outdoor patio in its design.

This opportunity with Buffalo Wings & Rings is perfect I get to help an already successful operation grow while also applying my experience in the business world to support their development, Seeger said. Buffalo Wings & Rings growth opportunity appealed to me a lot. Not only in terms of helping open more stores, but also hopefully the opportunity to eventually join the corporate team as the brand continues to grow.

Founded in 1984, Buffalo Wings & Rings operates 45 restaurants in the United States and 12 locations abroad, and has grown consistently and steadily. Since rebranding itself and levitating away from the concept of being a simple wings and rings restaurant, the franchise has evolved beyond its core items to appeal to an ever-growing customer base.

A brand is only as good as its food, and the food at Buffalo Wings & Rings is exceptional. Guests are treated to fresh never frozen wings with 12 flavors and two dry seasonings that range from the traditional to the avant-garde, and offered the opportunity to select the degree of heat that they prefer. Alongside those wings is fresh-made blue cheese dressing that will make the customer think they are dining at the finest steakhouse in town.

Our customizability is fundamental to our success, Masadeh said. Everyone who spends a night with us gets what they want, the way that they want it, and in an atmosphere thats warm and welcoming. If you are a wing connoisseur or simply enjoy being out with your family for a great meal, we have a table waiting for you at Buffalo Wings & Rings.

ABOUT BUFFALO WINGS & RINGS

Established in 1984 in Cincinnati, Ohio, the sports restaurant franchise has always been committed to giving customers the absolute finest wings in America. Over the years, the brand has pioneered and perfected the art of homemade sauces, customizable heat profiles and fresh wings, as well as grown to offer specialty burgers, gyros and salads to cater to its customers and provide options for the entire family to enjoy. With 45 units in the United States and 12 abroad, Buffalo Wings & Rings celebrates this success and works to further evolve to meet the needs of families and wing connoisseurs everywhere. For more information, visit http://www.buffalowingsandrings.com.







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Daniel Lemire Launches Growth Coach Master Franchise in the Province of Quebec, Canada

Friday, February 14th, 2014


Terrebonne QC, Canada (PRWEB) January 31, 2014

Businessman Daniel Lemire is looking forward to expanding The Growth Coach into French Canada and helping business leaders find success and balance as a Growth Coach Master Franchise owner for the whole province of Quebec.

The Growth Coach is the worlds leader in group coaching, the #1 Business Coaching Franchise in the United States according to Entrepreneur Magazine and the only coaching franchise dedicated to helping business leaders find both success at work and balance in life.

As a Master Franchise owner, Daniels company is two-fold. While hell be serving small business owners and leaders, management professionals, sales teams and self-employed professionals with The Growth Coachs signature services in its own locale of Terrebonne, hell also be offering Growth Coach franchise opportunities to other potential Growth Coaches across the province of Quebec.

Ive been in business for myself since 1994 and most of what Ive learned, I learned the hard way. In the geo-marketing consulting business I own, Ive worked with large international companies and franchise organizations. The franchise world has always interested me, but I didnt see myself managing restaurants or in a retail environment. Thats when I found business coaching and The Growth Coach. I looked into other coaching systems companies and the concepts were interesting, but when making my final decision, The Growth Coach came out ahead of the competition said Daniel. As a Growth Coach, Ill be able to help other businesses shorten the path to success by avoiding some of the mistakes most entrepreneurs make.

The Growth Coach was recently included in the Bonds Top 100 Franchises and has been recognized in Entrepreneur Magazines Franchise 500 as the #1 Business Coaching and Consulting Franchise as well as in the magazines Best of the Best and Top Home-Based Business listings.

While the Growth Coach works with a varied clientele, the business roots are in helping small business owners learn to work less and earn more. Its that niche that Daniel is especially looking forward to filling in French Canada.

We are a province with the least penetration of national brands and the highest number of mom and pop shops. You still have those small, local places here and that makes it a perfect place for a business like The Growth Coach. Many small business owners can benefit from the services we can offer, Daniel said.

In addition to his role with The Growth Coach, Daniel, and his wife of 20 years Jos

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Residential and Commercial Real Estate Brokerage Jameson Real Estate Celebrates 5th Anniversary with 400 Percent Growth in Sales Volume Since 2008

Monday, December 2nd, 2013


CHICAGO, Illinois (PRWEB) November 06, 2013

Leading residential and commercial real estate brokerage firm Jameson Real Estate, comprised of Jameson Sotheby’s International Realty and Jameson Commercial, announced today that the firms sales volume has grown by 400 percent since 2008. The firm is also on pace to have a record-setting 2013, topping its $ 1 billion in sales volume in 2012.

When Charley and Harry Huzenis invited Mike Sato and me to join the Jameson team five years ago, we were honored for the opportunity to build upon the firms 25-year-old reputation of integrity, innovation and results, said Chris Feurer, chief executive officer at Jameson. For this partnership to result in such exponential growth, despite enduring our generations worst recession, is testament to the tenacity of our leadership, our agents and our staff.

Over the past several months, Jameson has continued to hire top-performing residential and commercial agents, increased marketing staff and grown its technology and infrastructure platforms.

Jamesons sales volume for 2013 is expected to exceed $ 1.3 billion, said Mike Sato, president at Jameson. With 75 percent of our business in residential and 25 percent in commercial brokerage, our firm has a unique position in the Chicago market. We understand whats required to meet this current level of market growth and Jamesons increasing market share, but we dont want to just meet it, we want to exceed it. But if you dont give your agents the necessary tools, its unsustainable.

In October, the residential and commercial real estate brokerage launched a new marketing program to deliver tailored information to consumers based upon demographics, sophistication and neighborhood, through a variety of customizable digital and offline communication vehicles. Because our agents live in the neighborhoods they serve, they truly know their clients lifestyles, needs and goals. An off-the-shelf approach contradicts the Jameson philosophy which recognizes each client, and every transaction, as unique, said Feurer.

The messaging carried throughout the communications program is Expect the Exceptional, illustrating Jamesons exceptional qualities, service and brand. Our clients have come to expect the exceptional, because thats exactly what we deliver. This mantra applies to every aspect of our firm, in the way we communicate, service and sell, said Feurer.

For the more tech-savvy client, weve launched a social media program that delivers timely information to keep clients up-to-date on things that matter to them. In addition to dedicating staff to support this program, were also leveraging the best technology, allowing our agents to select what, when and how they share that information with just one click, said Feurer.

In addition to social media, agents can choose from print and online advertising, branded client gifts and direct mail campaigns. Feurer added, The entire program is customizable, scalable and measurable. And as our clients continually evolve, so will our approach.

Jameson has also enhanced its inbound messaging by establishing a flexible website platform along with robust language and currency translation. Feurer said, Through our Sothebys partnership, were able to deliver our localized expertise on a global scale. Were reaching clients in almost 50 countries, so our searchable database needs to offer that access from anywhere in the world. And because more than 50 percent of visitors view our site in a language other than English, its critical that our website truly communicates with each visitor.

Sato said, This is not a simple website redesign. Weve established a forward-looking plan to ensure that we always have the most current technologies in place. He added, That includes making our agents websites truly customizable, empowering them to tailor the content, not just the contact information.

Jameson Sothebys International Realty currently has more than 250 agents with expertise in Chicago and the North Shore. With nearly 50 agents focusing exclusively in Chicago, Jameson Commercial holds a strong presence in the downtown and Lincoln Park markets. Both the residential and commercial real estate brokerage arms are headquartered in Chicago.

Feurer added, The reason Jameson has been able to not just survive, but actually thrive, over the past several years, is that our team focused on our collective strengths and continued to nurture client relationships even when there was little activity in the market. This commitment and professionalism truly sets us apart from other firms, and is the reason why were looking toward an exciting future serving our clients.







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Inlanta Mortgage Adds Industry Veteran Paul Buege to Ensure Future Growth

Tuesday, November 19th, 2013


Brookfield, WI (PRWEB) November 12, 2013

Inlanta Mortgage, Inc. is pleased to welcome Paul Buege as senior vice president – business development and strategic partnerships to its corporate team. He brings over 25 years of successful strategic and sales management to Inlanta.

In his new position at Inlanta, he will lead the companys development in joint venture mortgage partnership opportunities with leading real estate, builder, and relocation management companies across the United States. In addition, he will manage groups responsible for business alliances, marketing services, service arrangements and sales.

“Inlantas leadership has a strong vision for the company and focus on entrepreneurism. It is a profitable and growing company with tremendous opportunity to expand into new mortgage businesses and markets,” Buege said. “With my diverse mortgage lending background, Im confident I can help the company expand on and profit from its current success. Im excited to be joining a strong senior management team and a company loaded with talented and committed employees, all centered on a positive forward-looking business plan that is truly an exciting opportunity.”

Buege will work closely with President Nicholas DelTorto. DelTorto is looking forward to having Buege, with his extensive knowledge of the mortgage industry, on the Inlanta team.

“We are very excited to have Paul joining our team. He is a highly respected mortgage industry veteran, with a track record of business development and leadership success,” DeTorto said. “I look forward to working with him to continue Inlantas growth and development. Pauls focus on adding new channels of business, quality people, and leveraging our existing footprint will be instrumental in our long term strategic approach.”

Prior to joining Inlanta, Buege worked at Shelter Mortgage as the senior vice president, business development. Before that, he was the president & COO of Universal Mortgage Corporation. He also held senior management positions in sales and secondary marketing with Fleet Mortgage Corporation.

About Inlanta Mortgage

Headquartered in Brookfield, Wis., Inlanta Mortgage was established in 1993. The company has grown to 31 branches in 16 states and over 220 employees. Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as jumbo program. The company is an agency approved lender for Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs.

Inlanta Mortgage was named a Top Mortgage Lender in 2012 by Scotsman Guide and has been listed on Mortgage Technologys Top 25 Tech Savvy Lenders List for the last four years. Inlanta has also been named to the Milwaukee Business Journals “Top 25 Largest Milwaukee-Area Mortgage Banking Companies” and Mortgage Executive Magazines “Top 100 Mortgage Companies in America” in 2011 and 2012. In addition, Inlanta was named a “Fastest Growing Firm” by Milwaukee Business Journal in 2013 and a “Platinum Million Dollar Lender” by USDA Rural Development.

Inlantas mission is to be the home financing partner that you trust to serve your family, friends and community. Through our family of dedicated mortgage professionals our commitment is to deliver an exceptional experience. Our unwavering dedication to integrity, honesty and ethics is the foundation of all of our relationships.

For more information, please call Inlanta Mortgage at 262-439-4260, email info(at)inlanta(dot)com or visit the companys website at http://www.inlanta.com. For more information on branch partnership opportunities with Inlanta Mortgage visit http://www.inlantapartners.com or email partners(at)inlanta(dot)com.







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