Council assists _in enhancing RPR’s database for more than 1.3 million members

February. 13, 2020 – Realtors Property Resource® (RPR) has appointed Christina Pappas, District Sales Manager of The Keyes Company’s Brickell office, as a member of its prestigious advisory council. The appointment is a one-year term beginning Jan. 1, 2020. RPR’s advisory council is represented by top agents, brokers, appraisers and state and local association executives.

RPR is a real estate platform offered to members of the National Association of REALTORS®. The advisory council provides RPR’s management team with input on industry issues that will help design and deliver high-value data and products while increasing market engagement.

Pappas has more than 10 years of experience as a real estate professional, beginning her career as a sales associate assisting clients through the buying, selling and listing process. Upon receiving Rookie of the Year honors at Keyes, Pappas was promoted to Assistant Sales Manager and facilitated the training of administrators.

She currently oversees the Keyes Brickell office and is a certified trainer and mentor for the company’s “Keyes Next Gen” program, which develops the under 40 sales associates and conducts contract and social media training sessions.

“It is a great honor to be appointed to the advisory council and have the opportunity to bring my knowledge of real estate to the management team,” said Pappas. “My goal is to serve effectively and create a better product for the members of RPR.”

Through RPR, a real estate professional who is a member of the NAR receives online access to comprehensive real estate market data, analytics and reports for each of NAR's constituencies. It includes a national database of more than 160 million residential and commercial properties in the U.S. The database includes hundreds of data sets: on/off market listings, sales, valuations, assessment, foreclosure, tax, mortgage, transaction history, FEMA flood maps, and more.

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About The Keyes Company: Independently-owned and operated since 1926, The Keyes Company is a leader in the real estate industry. Keyes completed a merger with Illustrated Properties in July 2016. Following the merger, Keyes has 58 offices, more than 3,000 Associates and nearly $7 billion in annual real estate sales and services. Keyes’ offices are distributed throughout six counties – Miami-Dade, Broward, Palm Beach, Martin, St. Lucie, and Volusia. Keyes expands our Associates’ reach globally as a Founding Member and Shareholder of Leading Real Estate Companies of the World®. The Keyes Company offers a suite of resources to cover whatever needs arise while buying or selling a home. Mortgage, title, insurance and property management needs can all be managed in-house, allowing Keyes to close deals with speed and efficiency while giving clients valuable access to the professionals responsible for the specific service lines.

Council assists _in enhancing RPR’s database for more than 1.3 million members

February. 13, 2020 – Realtors Property Resource® (RPR) has appointed Christina Pappas, District Sales Manager of The Keyes Company’s Brickell office, as a member of its prestigious advisory council. The appointment is a one-year term beginning Jan. 1, 2020. RPR’s advisory council is represented by top agents, brokers, appraisers and state and local association executives.

RPR is a real estate platform offered to members of the National Association of REALTORS®. The advisory council provides RPR’s management team with input on industry issues that will help design and deliver high-value data and products while increasing market engagement.

Pappas has more than 10 years of experience as a real estate professional, beginning her career as a sales associate assisting clients through the buying, selling and listing process. Upon receiving Rookie of the Year honors at Keyes, Pappas was promoted to Assistant Sales Manager and facilitated the training of administrators.

She currently oversees the Keyes Brickell office and is a certified trainer and mentor for the company’s “Keyes Next Gen” program, which develops the under 40 sales associates and conducts contract and social media training sessions.

“It is a great honor to be appointed to the advisory council and have the opportunity to bring my knowledge of real estate to the management team,” said Pappas. “My goal is to serve effectively and create a better product for the members of RPR.”

Through RPR, a real estate professional who is a member of the NAR receives online access to comprehensive real estate market data, analytics and reports for each of NAR's constituencies. It includes a national database of more than 160 million residential and commercial properties in the U.S. The database includes hundreds of data sets: on/off market listings, sales, valuations, assessment, foreclosure, tax, mortgage, transaction history, FEMA flood maps, and more.

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About The Keyes Company: Independently-owned and operated since 1926, The Keyes Company is a leader in the real estate industry. Keyes completed a merger with Illustrated Properties in July 2016. Following the merger, Keyes has 58 offices, more than 3,000 Associates and nearly $7 billion in annual real estate sales and services. Keyes’ offices are distributed throughout six counties – Miami-Dade, Broward, Palm Beach, Martin, St. Lucie, and Volusia. Keyes expands our Associates’ reach globally as a Founding Member and Shareholder of Leading Real Estate Companies of the World®. The Keyes Company offers a suite of resources to cover whatever needs arise while buying or selling a home. Mortgage, title, insurance and property management needs can all be managed in-house, allowing Keyes to close deals with speed and efficiency while giving clients valuable access to the professionals responsible for the specific service lines.

MIAMI and PALM BEACH, Fla. | Jan. 20, 2020 – Across South Florida, luxury condominiums sold for higher prices during the fourth quarter of 2019, according to the quarterly South Florida Luxury Market Report produced by The Keyes Company and Illustrated Properties. The region’s high-end single-family market did not experience similar pricing gains, staying relatively flat when compared to the same period 12 months earlier.

Miami-Dade, Broward, Palm Beach and Martin counties had a year-over-year average sales price jump of 14.4% for $1 million-and-up condos, from $1.93 million to $2.21 million. The average price per square foot rose 15.8%, from $711 to $823. Total sales increased from 327 to 337.

On the single-family side, South Florida’s year-over-year average sales had a fractional decline, from $2.257 million to $2.248 million. The average price per square foot had a similar decline, from $528 to $500. Total single-family luxury sales slightly increased, from 686 to 692.

Palm Beach County had the most dramatic difference between the luxury condo and single-family sectors. The county’s average sales price for high-end condos surged 38.9% year-over-year from $1.97 million to $2.73 million, while the average sales price for luxury single-family homes declined by 8.1%, from $2.55 million to $2.34 million.

One important caveat: Palm Beach County has significantly more $1 million-and-up single-family product than condos. Total single-family luxury sales in the county dropped by 6.2%, from 260 to 244. High-end condo sales jumped by 18.1%, from 83 to 98.

Miami-Dade County posted average sales price and total sales increases for both luxury single-family homes and condos. On the single-family side, prices rose 3% year-over-year, from $2.31 million to $2.38 million. Total sales climbed from 235 to 247 – a 5.1% gain.

High-end condos in Miami-Dade sold for an average sales price of $2.09 million, up 4.1% from $2.01 million. Total sales jumped 14%, from 171 to 195.

“Luxury condo sellers continue to benefit from the domestic migration of northeasterners fleeing high taxes and cold weather,” said Keyes and Illustrated President and CEO Mike Pappas. “This is especially benefitting Palm Beach County, which is attracting many of these high-net-worth buyers from New York and Connecticut. The single-family sector’s fourth-quarter performance shows that pricing is still an issue – we expect sellers of luxury single-family homes to get more realistic about pricing expectations in 2020.”

Keyes and Illustrated also separately released its 2019 year-end South Florida Luxury Market Report. The year-end data looked similar to the quarterly report, with luxury condo prices rising 9.4% from $2.1 million in 2018 to $2.3 million in 2019 and high-end single-family homes fractionally declining from $2.42 million to $2.40 million.

Firm’s Carlos Villanueva and Carmen Siman arrange transaction involving 30-unit building

MIAMI, Fla. | The Keyes Company’s Carlos Villanueva and Carmen Siman completed the sale of a 30-unit apartment building in Miami for $5.1 million – or $170,000 per unit. The duo listed the 960 S. Le Jeune Road property on behalf of seller Vega’s Apartment Corp.

Villanueva - District Sales Manager of the firm’s Coral Gables office – and Siman were able to close the sale in three months. The buyer is CMC1 LLC of Miami.

The transaction closed on Sept. 13.

“We are thrilled to help the seller obtain this successful outcome,” Villanueva said. “Demand for multifamily product of all asset types remains incredibly strong throughout Miami-Dade County. This particular building benefits greatly from its location near Miami International Airport.”

Paul Nudelman of Marcus & Millichap represented the buyer in the transaction.

Keyes Commercial Real Estate ranked No. 10 in the South Florida Business Journal’s annual list of the largest commercial brokerages in South Florida, based on aggregate volume of sales and leases in the region.

In November 2018, Villanueva completed the $5.6 million sale of a portfolio of 57 rental apartments in Miami’s Little Havana neighborhood.

“We congratulate Carlos and Carmen on another tremendous multifamily sale,” Keyes President and CEO Mike Pappas said. “The Keyes Commercial team continues to prove that our firm is a leader across all real estate sectors.”

Keyes is the largest independently owned real estate firm in Florida and a Top 30-ranked firm in the entire United States, and is extremely active in luxury residential real estate. In 2018, Keyes generated $6.7 billion in real estate services across its Family of Companies.

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About The Keyes Company: Independently-owned and operated since 1926, The Keyes Company is a leader in the real estate industry. Keyes completed a merger with Illustrated Properties in July 2016. Following the merger, Keyes has 58 offices and more than 3,000 Associates. It generated $6.7 billion in annual real estate sales and services in 2018. Keyes’ offices are distributed throughout six counties – Miami-Dade, Broward, Palm Beach, Martin, St. Lucie, and Volusia. Keyes expands our Associates’ reach globally as a Founding Member and Shareholder of Leading Real Estate Companies of the World®. In addition to our Associates’ expertise, The Keyes Company offers a suite of resources to cover whatever needs arise while buying or selling your home. Your mortgage, title, insurance, and property management needs can all be managed in-house, allowing us to close your deal with speed and efficiency while giving you the opportunity to talk to a real person whenever you have a question.

Firm’s Carlos Villanueva and Carmen Siman arrange transaction involving 30-unit building

MIAMI, Fla. | The Keyes Company’s Carlos Villanueva and Carmen Siman completed the sale of a 30-unit apartment building in Miami for $5.1 million – or $170,000 per unit. The duo listed the 960 S. Le Jeune Road property on behalf of seller Vega’s Apartment Corp.

Villanueva - District Sales Manager of the firm’s Coral Gables office – and Siman were able to close the sale in three months. The buyer is CMC1 LLC of Miami.

The transaction closed on Sept. 13.

“We are thrilled to help the seller obtain this successful outcome,” Villanueva said. “Demand for multifamily product of all asset types remains incredibly strong throughout Miami-Dade County. This particular building benefits greatly from its location near Miami International Airport.”

Paul Nudelman of Marcus & Millichap represented the buyer in the transaction.

Keyes Commercial Real Estate ranked No. 10 in the South Florida Business Journal’s annual list of the largest commercial brokerages in South Florida, based on aggregate volume of sales and leases in the region.

In November 2018, Villanueva completed the $5.6 million sale of a portfolio of 57 rental apartments in Miami’s Little Havana neighborhood.

“We congratulate Carlos and Carmen on another tremendous multifamily sale,” Keyes President and CEO Mike Pappas said. “The Keyes Commercial team continues to prove that our firm is a leader across all real estate sectors.”

Keyes is the largest independently owned real estate firm in Florida and a Top 30-ranked firm in the entire United States, and is extremely active in luxury residential real estate. In 2018, Keyes generated $6.7 billion in real estate services across its Family of Companies.

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About The Keyes Company: Independently-owned and operated since 1926, The Keyes Company is a leader in the real estate industry. Keyes completed a merger with Illustrated Properties in July 2016. Following the merger, Keyes has 58 offices and more than 3,000 Associates. It generated $6.7 billion in annual real estate sales and services in 2018. Keyes’ offices are distributed throughout six counties – Miami-Dade, Broward, Palm Beach, Martin, St. Lucie, and Volusia. Keyes expands our Associates’ reach globally as a Founding Member and Shareholder of Leading Real Estate Companies of the World®. In addition to our Associates’ expertise, The Keyes Company offers a suite of resources to cover whatever needs arise while buying or selling your home. Your mortgage, title, insurance, and property management needs can all be managed in-house, allowing us to close your deal with speed and efficiency while giving you the opportunity to talk to a real person whenever you have a question.

Broker represents seller in transaction involving 57 apartments in emerging Miami neighborhood

MIAMI, Fla. | Nov. 20, 2018 – The Keyes Company’s Carlos Villanueva has completed the $5.6 million sale of a portfolio of 57 rental apartments in Miami’s Little Havana neighborhood. Villanueva, who is District Sales Manager of the firm’s Coral Gables office, represented the seller – the JoAnn Cappelletti Trust – in the transaction.

The sale of the five-building portfolio closed on Nov. 14. The properties are located at 2127, 2128, 2136 and 2248 SW Fifth St. and 2135 SW Sixth St.

Gateway Realty LLC of New York is the buyer. The company obtained seller financing as part of the transaction. Terms were not disclosed.

Villanueva successfully secured the listing from the trust in a competitive process with numerous brokers. JoAnn Cappelletti and her late husband, U.S. Marine Corp. veteran and former Miami Beach police officer Mario, had assembled the rental properties during the 1960s and 70s.

Interest in the portfolio was strong, with most of the prospective buyers coming from New York.

“It was a pleasure to facilitate the successful sale of this legacy portfolio in Little Havana,” Villanueva said. “The neighborhood is experiencing a transformation and is coveted by real estate investors and developers. New York investment groups are perceiving Little Havana the same way they saw Brooklyn 25 years ago – Little Havana is considered a borough of Greater Miami.”

To close the sale, Villanueva had to resolve multiple City of Miami code violations so the buyer could acquire the properties with a clean slate. Significant improvements to the properties are expected.

Little Havana is seeing an influx of development activity, with a focus on boutique and mid-sized multifamily projects. One development firm, Metronomic, has a dozen projects planned for the neighborhood. Owners of existing buildings are capitalizing on the overall activity as well.

“We congratulate Carlos on an impressive outcome for the sellers of this Little Havana portfolio,” Keyes President and CEO Mike Pappas said. “As a firm, we are excited to see what additional opportunities emerge in this neighborhood across all real estate sectors.”

Keyes is the largest independently owned real estate firm in Florida and a Top 30-ranked firm in the entire United States, and is extremely active in luxury residential real estate. In 2017, Keyes generated more than $6 billion in real estate services across its Family of Companies.

Mendel Fellig of Compass represented Gateway Realty in the Little Havana transaction.

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About The Keyes Company: Independently owned and operated since 1926, The Keyes Company is a leader in the real estate industry. Keyes completed a merger with Illustrated Properties in July 2016. Keyes has 58 offices, more than 3,000 associates and nearly $6 billion in annual real estate sales and services. Keyes’ offices are distributed throughout six counties – Miami-Dade, Broward, Palm Beach, Martin, St. Lucie, and Volusia. Keyes expands our Associates’ reach globally as a Founding Member and Shareholder of Leading Real Estate Companies of the World^®. In addition to our Associates’ expertise, The Keyes Company offers a suite of resources to cover whatever needs arise while buying or selling your home. Your mortgage, title, insurance, and property management needs can all be managed in-house, allowing us to close your deal with speed and efficiency while giving you the opportunity to talk to a real person whenever you have a question.