Bisnow reporter Deirdra Funcheon took a wide-ranging look at the state of the South Florida real estate market three months into the pandemic. She interviewed Sturgis to get the Native Realty CEO’s insights on what he has been focusing on and how activity has continued in Fort Lauderdale.
Miami After 90 Days Of Coronavirus: ‘The Distress Is Definitely Coming’
Fort Lauderdale broker Jaime Sturgis found the past few months a nice respite from a busy 10-year run
Fort Lauderdale broker Jaime Sturgis found the past few months a nice respite from a busy 10-year run when the city’s population increased 11.5% and the median home price increased 161%. He was able to take care of back-of-the house duties and feels ready to work again, he said. In fact, he is hiring.
“In the last 24 hours, I’ve had bidding wars on two listings,” he said Tuesday, referring to a multifamily property and a retail office, one for about $500K and the other, about $1M. He’s even negotiating a few restaurant deals.
“It’s not quite the doom-and-gloom everyone thought it would be,” he said.