With over 20 years of experience in luxury real estate and millions of dollars in sales under his belt, Miami broker Chris Leavitt is at the top of his game.
Leavitt’s passion for real estate began at a young age (he held an internship at a well-known Palm Beach agency at just 17!) and it hasn’t slowed down since.
As a real estate expert that appears regularly on cable news shows, and as one of the most successful brokers at Douglas Elliman, the largest brokerage firm on the east coast, he’s a bonafide real estate guru.
Another impressive resume highlight was his sale of a $34 million triplex in Miami Beach, a record-setting price for the state of Florida.
BuzzBuzzHome caught up with Leavitt to learn about new real estate trends in Miami and what’s on the horizon for the city’s luxury market.
BuzzBuzzHome: You were interested in real estate at a young age. What was it that appealed to you so much about real estate back then?
Chris Leavitt: My father invested in real estate and I was fascinated with it and the process. I have always enjoyed touring beautiful homes and I loved watching my dad in action negotiating.
BBH: Are there any new trends in the types of buyers you’re seeing in Miami right now?
CL: We are seeing an influx of domestic buyers that want a better quality of life, in a world-class city that is booming.
BBH: What developments are you working with? Anything brand new in the works?
CL: I have the listings at EDITION RESIDENCES and there is something brand new in the works that is very exciting and will be announced soon!
BBH: What differentiates Miami’s new construction market from, say, New York or LA?
CL: New York and Miami Beach share the same challenge for new construction, lack of developmental land in oceanfront or prime city center locations. In my opinion, Miami differs from Los Angeles because we offer a more stress-free resort lifestyle yet are becoming a world class city on par with NY.
BBH: You’re known for selling a $34 million triplex in Miami Beach, the largest condominium sale in the history of Florida. With Miami’s luxury market so hot right now, how much longer do you think that sale price record will stand?
CL: Miami's luxury market is hotter than ever! According to the Miami Association of Realtors, Miami's single-family home market registered its most robust sales month since December, and median sales prices for all housing types rose in April 2015! The Miami market is strong.
BBH: What do you think are the hottest neighborhoods for real estate in Miami right now?
CL: It depends on what you are looking for. Miami Beach will always be hot, as well as the islands, but downtown and Brickell and Design District are booming.
BBH: Anything up-and-coming that we should know about?
CL: I will be making a very exciting announcement about my next TV venture in the coming weeks and will update you the minute I can talk about it.
BBH: We’re nearly halfway through the year. What are you most excited for in the second half of 2015?
CL: Seller confidence continues to result in more properties being listed in Miami. Active listings at the end of April increased 6.1 percent year-over-year, from 17,067 to 18,113. I am most excited about the new influx of inventory to sell and to enjoy myself along the way.