Ask an Agent: Insider Perspectives on Three Hot Markets

Douglas Elliman experts answer key questions about real estate trends and share an insider’s perspective on three hot markets. —by Michelle Sinclair Colman DINA GOLDENTAYER ,  MIAMI BEACH, FL Q: What is your current favorite neighborhood in Miami? A: Having lived in South Beach for the past 15 years, I have seen communities evolve tremendously. Sunset Harbour, a small enclave northwest of Miami Beach’s City Center, is a prime example of this evolution. It has become my favorite neighborhood. It is where I work out, grab brunch and shop for groceries. Not too long ago, it was most notable for its automotive repair shops and tow truck yards. Though tourists have yet to catch on to the buzz about Sunset Harbour, it is now the hippest local spot, filled with good restaurants, coffee and cold-pressed juice bars, trendy boutiques, pedestrian-friendly streets, and gorgeous water views. There’s also a lovely park here, a yacht marina and a new Starbucks coming soon. Early next year I will be bringing an ultra-luxe condominium to the neighborhood. All residences will have water views. MARK KITCHING ,  BEVERLY HILLS, CA Q: What is the biggest change you’ve seen during your years in Venice? A: I have been in Venice for 16 years, since back when the slogan was “Where Art Meets Crime.” As it has gentrified, Venice has evolved into a place where families from more stable communities, like Brentwood and the Pacific Palisades, have migrated south for a more eclectic lifestyle. As the “new” money flooded the market, the commitment to the quality of the schools has been significant. Now there are French schools, Mandarin-immersion schools and low-cost private schools, such as St. Marks. Venice High School is undergoing a $111 million renovation. This shift has ultimately changed the landscape of residential housing. The diversity of Venice’s people is represented architecturally by the area’s mix of tiny 1905 Craftsman homes neighboring large, new modern masterpieces. In Venice, no matter who you are or what you do, you can find what you’re looking for. MARCOS COHEN ,  NEW YORK, NY Q: What demographic of buyers is making the most notable impact on the Manhattan market right now? A: Prosperous empty nesters moving toward retirement have realized Manhattan is a great place to age. You don’t have to drive, you can utilize all the amenities in your building as opposed to having to maintain a house and you can walk everywhere. Empty nesters usually want doorman buildings, where you can receive packages, dry-cleaning, etc. Some also like outdoor space, such as a balcony or terrace. They tend to prefer the Upper East Side and Upper West Side because of the relative tranquility of those areas, but it depends where their grandkids live. They want to enjoy life, have easy access to transportation and, of course, no stress. Most can accommodate themselves in one-to-two-bedroom residences, downsizing from a house. New York City is always defying national trends, not only in housing but also in terms of lifestyle. Historically and statistically New York City is resilient, and buyers should remember that. Contact an Elliman agent today and make your next move.