Miami-Dade County Real Estate Market Update
The Miami-Dade luxury single-family home market remains a seller's market with increased sales and limited inventory, while the luxury condo and townhouse market has shifted to a buyer's market with a significant drop in sales and an oversupply of inventory. Via SF Business Journal.
Single-Family Homes ($1M+):
- Sales increased by 1.3%
- Active listings jumped 35%
- Inventory supply at current sales pace: 4.4 months (seller’s market)
Condos/Townhouses ($1M+):
- Sales dropped by 27.7%
- Active listings soared 57%
- Inventory supply at current sales pace: 8.9 months (buyer’s market)
Coco’s Corner
Back to school tips
Get ready to make the back-to-school transition fun and memorable for you and your kids with these creative back-to-school tips:
- First Day of School Fairy: Place your child’s backpack outside the door. Have the fairy leave supplies, a fun activity, and a tasty snack inside overnight.
- Ice Cream Adventure: Plan a special outing after school, like a trip to the local ice cream stand to celebrate their first day.
- Lunchbox Notes: Brighten your child’s day with a handwritten note in their lunchbox each day of the first week.
- Balloons at Breakfast: Start the first day of school with a festive breakfast by decorating the table with colorful balloons and streamers.
Preparing for Hurricane Season
Hurricane season is here and it's crucial to be prepared. Here are five quick tips to keep you safe:
- Stock Up: Have water, non-perishable food, medications, extra batteries, and flashlights for at least three days.
- Secure Documents: Store vital documents in a waterproof container and make digital copies. Include hurricane-specific insurance policies.
- Prepare Your Home: Reinforce windows and doors, trim palm trees, and secure outdoor items.
- Create a Plan: Know evacuation routes, have a family communication plan, and keep a list of local emergency contacts. Sign up for alerts specific to your neighborhood through city websites.
- Stay Informed: Monitor updates from the National Hurricane Center and follow Miami-Dade County authorities' instructions, and have important city phone numbers saved.
Events Around Town
Gnomes on the Roam
Be part of the quest to find gnomes hidden throughout Fairchild. Collect your map, follow the clues, and complete the adventure for a chance to win a free membership.
Miami Kids Magazine Back To School Bash
Join Miami Kids Magazine for a fun-filled Back-to-School Bash with activities, giveaways, and entertainment for kids of all ages.
Miami International Auto Show
Kick off your Labor Day festivities at the Miami International Auto Show, one of the world's largest auto shows covering over 1M sqft. with new unveilings from top automakers.
Hurricanes vs Gators Labor Day Weekend Kickoff
Catch the Gators' 2024 season opener against Miami. This matchup marks the 57th meeting between the Gators and the Hurricanes. Tune in with friends and family for a perfect Labor Day activity.
Labor Day Weekend at Deering Estate
Enjoy $5 general admission to the Deering Estate this Labor Day weekend. Explore wildlife, bay vistas, and self-guided museum tours.
Disney on Ice
See Mickey and friends in a magical show featuring favorite Disney tunes and dazzling performances by beloved characters.
New & Noteworthy Dining
Casa Neos
Miami River
Riviera Dining Group, known for Mila and Baoli, has opened Casa Neos, a 30,000 sqft. venue featuring a Mediterranean restaurant, boutique hotel, and rooftop lounge.
Tulum Rooftop Bar & Restaurant
Brickell
Located at the W Miami, Tulum opened this summer, offering a beachy, indoor-outdoor dining experience and globally influenced menu.
Maman
Sunset Harbour
The New York-based bakery and café is opening its 2nd Miami location in Sunset Harbour with charming decor, pastries, and South of France-inspired atmosphere.
Sanguich
Coral Gables
Miami’s favorite spot for Cuban sandwiches recognized as a Bib Gourmand, recently opened a location in the Gables with a menu featuring their classic sandwiches, milkshakes, and new breakfast items.
Emmy Squared
Coral Gables
Popular Detroit-style pizza and burger restaurant Emmy Squared is set to open its second Florida location in Coral Gables late August, offering creative pizzas and award-winning burgers made with artisanal, locally sourced ingredients.
Cromer Curated Miami Spice Guide
Discover the best of Miami’s dining scene during Miami Spice Restaurant Months kicking off Aug. 1 - Sept. 30, where top restaurants offer special prix-fixe menus that showcase their finest dishes. Check out our recommendations for the hottest spots participating this year.
RedFarm - Chinese | Coconut Grove (B, D)
Branja - Israeli Mediterranean | Upper Buena Vista (B, D)
Amal - Lebanese | Coconut Grove (B, L, D)
Chug’s Diner - Cuban | Coconut Grove (L)
Cote - Korean | Design District (L)
Klaw - American/Seafood | Edgewater (D)
Cafe La Trova - Cuban | Little Havana (D)
Casadonna - Italian | Edgewater (D)
Eating House - American | Coral Gables (D)
LPM - French | Brickell (D)
Dōma - Italian | Wynwood (D)
Bellini - Italian | Coconut Grove (L, D)
Jaguar - Pan-Latin | Coconut Grove (L, D)
Joe’s Stone Crab - Seafood | South Beach (L, D)
*B=brunch, L=lunch, D=dinner
South FLORIDA INSIDER
Chapman Field Reopens
Chapman Field in Coral Gables has reopened after extensive remediation, now featuring a regulation baseball field, nature trails, a canoe/kayak launch, and a 3.5-acre dog park. Additional amenities are set to open in
January 2025.
Rumors of Changes at Villagio in Merrick Park
Rumors are swirling about Villagio in Merrick Park possibly merging with its sister restaurant, Sea Grill, to create a fusion Italian/Greek dining experience. There's also buzz that a popular New York eatery might be moving into the former Villagio space! Reach out to us for tea.
Celeb-Loved Sant Ambroeus Coming to South of Fifth
The luxe Italian restaurant and coffee bar loved by celebrities is set to open its first Miami location at the Fifth Miami Beach in late 2025.
Beloved Miami Chef Takes Over Mayfair Grill
Starting in August, chef Giorgio Rapicavoli, known for Eating House and Luca Osteria will lead Mayfair Grill at the iconic Mayfair House Hotel & Garden, introducing a delicious shareable menu.
Mangia! Eataly to Open in Aventura Next Year
After nearly a decade of rumors, the beloved Italian food hall plans to open a three-story, 29,000 sqft. location inside Aventura Mall. Expect an authentic Italian experience with various restaurants, food counters, and markets all under one roof.
Chop Steakhouse Sizzles into the Grove
Canadian favorite Chop Steakhouse & Bar will open in Coconut Grove this September at the former Key Club in CocoWalk. Get ready for a premier dining experience in a vibrant new setting.
Did You Know?
A 137-Year Legacy of Learning
As the new school year begins, let's celebrate Coconut Grove Elementary School, a historic local treasure. Designed by H. H. Munday and established in 1887 as the area's first public school, it is the longest continuously used school building in Miami-Dade County. The current building's cornerstone was laid on September 29, 1911. Today, this “A” rated school offers International Studies in French and a World Language Program in Spanish, remaining a vital part of Coconut Grove’s community.
Four Seasons Private Residences Elevates Luxury Living
The Four Seasons is opening a new residence in Coconut Grove, the brand’s first standalone branded residential project in Florida. Enjoy luxury living at its finest, paired with the best services and amenities under the Four Seasons flag. Reach out to us for more information.
