PODCAST: Top Producing LA Agent Interviews Miami Real Estate Agent David Siddons

Top Producing Miami Real Estate Agent David Siddons discusses the state of the Luxury Real Estate Market

LA Power agent Juliette Hohnen, a top producing Douglas Elliman realtor in Los Angelos interviews our own David Siddons. The interview covers various topics from how David started in the business to how the Covid-19 affects the Miami real estate market and what reactions we may expect to see across both of our Luxury Markets in LA and South Florida. See how two power agents view their equally impressive markets. Juliet acts as a ‘syndicate Partner’ to the David Siddons Group and works our LA referral clients magnificently.

PODCAST: Top Producing LA Agent Interviews Miami Real Estate Agent David Siddons

Interview Timeline

 

  • Minute 0-12/13: David’s move to Miami and how he started in the real estate industry
  • Minute 13/14: Early adapting on blogging, real estate market reports and vlogging.
  • Minute 17: Everything about the David Siddons Group team
  • Minute 23: Our expertise in creating reports, our brand new real estate software and our ability to help clients make better decisions
  • Minute 30: The Covid-19 situation; how we work through this as Miami real estate agents and how it will change the market?
  • Minute 40: What affect will Covid-19 have on real estate prices and should you list your home now?
  • Minute 50: How are we maintaining our client relationships during this period?

Interesting Take Aways from this Interview on the Miami Real Estate Market

How does our marketing knowledge and technology stand out?

 

The David Siddons Group is known as market analysts and even uses its own data analytics software. The stats however are only one part of the equation. Everyone can have stats, but it is the skill of interpreting the stats and seeing the bigger picture that counts! When we provide data we look at specific price levels and specific neighborhoods within Miami. We combine this with ‘in-the-field’ knowledge. You need to look at the bigger picture, buyer’s psychology and be able to understand macro factors. You cannot forecast what will happen exactly, but you can analyse the robustness of the markets and their ability to survive bearish markets and that is what we do! The continuous desire to be the smartest or best educated Miami real estate agent in town really gives us an edge over other Miami realtors.

How to run a real estate business during the Covid-19 pandemic?

 

We are obviously seeing challenges with our (new) listings as we cannot take any pictures or videos, open houses are prohibited and sellers do not allow showings anymore. Even if they allow showings we have to be sensitive with what is going on and think of the community. Where we can we do virtual tours, but the reality is that many of the deals will need to be postponed.

We are currently reaching out to clients to see if everyone is ok. We are also promoting local businesses by providing our clients with meals from our favorite local restaurants (delivered to their homes). I think it is key, specifically during moments like these, to add value by providing information. People like to stay informed and that is what we are doing.

The Effect of Covid-19 on the Miami Real Estate Market

 

I have noticed that many buyers are expediting deals. They need a home and they want to move in as soon as possible. Many of them just sold their own property and have no place to live. We had one deal that fell through as the buyer experienced difficulties with financing deadlines, we called our backup who moved right away with an all cash offer, no inspections and no appraisals. So there is a sense of urgency with people who sold a home or want to lock themselves in before we are in full quarantine. These are not the opportunistic buyers but rather families or people with a real need.
I had a lot of deals happening which are now postponed. I am sure they are still happening, but just with a delay.

On the other hand there might also be a lot of people now being locked in their home thinking their home is too large or too small. There might also be people who realize working remotely isn’t as difficult as they thought it would be. I think this experience will have many people reflect on their lifestyle, which might also have an impact on the real estate market.

Have Market Prices Dropped?

 

I do not like generalized conversations and I always look at sub-markets or specific cases as a $10M home does not trade or is not affected in the same matter as a $500K home. I do think that a well-done home or a ready-to-move-in home will hold its value. Anything that needs remodeling or investment properties might be more affected by this pandemic. People will look for for a safe port for their assets and the Miami real estate market still offers great opportunity. There is a lot of demand and limited supply in many of our submarkets

Contact David Siddons today for more information on the Miami real estate market

David Siddons | 305.508.0899 | David@siddonsgroup.com

David Siddons is a top producing Miami real estate agent and director of luxury sales with Douglas Elliman. He is known as a market analyst and he is the author of several of Miami’s most influential real estate reports and forecasts.

FAQ

These are the most commonly asked Google Real Estate Related questions

1. What are the Current Best New Condos in Miami?

If you want to hear in more details our opinions on the best new Miami new construction condos. Please read this article:Best New Construction Condos 2022-2023

2. What is the best New Construction Condo in Fort Lauderdale?

In our opinion, the Residences at Pier Sixty-six are certainly the most interesting and unique. Already well underway this 32 Acre project will be home to the first of its kind Marina where owners will be able to anchor up vessels up to a staggering 400 ft! For specifics of this project see our independent review of this project.

3. How can I compare the new luxury construction Condos to the best existing Luxury Condos in Miami? 

Our Best Luxury Condos in Miami article will prove to be very useful to those looking to compare the existing to the new. You may also want to watch this video which shows the performance of the best Condos in Miami over the last 15 years!

WHY WORK WITH DAVID? THINGS YOU SHOULD KNOW...

For all our analytics we are agents driving some very unique and advanced tech. We Provide a granular and custom experience that empower our clients with the insight and tools to understand the most complex behaviors of any local markets.

  • Analytical

    Over 100 reports produced to date

  • Knowledgeable

    Over 1800 published articles and counting

  • Experienced

    Over $2 billion in real estate sales

    Reviews
David Siddons
blog
Akbota YerseitAkbota Yerseit
13:29 03 Jun 22
Excellent leaders!
Cathryne HaladnerCathryne Haladner
12:12 18 Sep 21
We have only superlatives to describe how wonderful Cris Buzolin was throughout the process of selling our townhouse in Coral Gables. We were away in the UK while the transaction was taking place and Cris handled everything-from clearing out our house, selling contents when she could, arranging the moving and storage and dealing with some very difficult problems which arose. Always patient and very willing to help in every way, Cris is a consummate professional who really cares about her clients and worked extremely hard to get the price we had asked for and make things for us as easy as she could. Nothing was too much for her to handle.Cris and Marianela (who provided additional very helpful assistance to us during the transaction) are part of the team that David Siddons has assembled.When we decided to sell our property, we contacted David and he established the framework for the transaction and ensured that everything proceeded smoothly and in accordance with our wishes. In sum, David Siddons and his team are extremely competent and professional and we are totally satisfied with the service they provided. To repeat, Cris Buzolin in particular, went way beyond what one would expect from a real estate agent. The David Siddons Group has our highest recommendation!
Jose Eduardo FilhoJose Eduardo Filho
17:17 13 Jul 21
I thank the whole team and especially Cris Buzolin who, in a very professional and competent way, helped me to sell my property safely and in the best market condition.
Idan Singh (Idan)Idan Singh (Idan)
19:53 07 Jun 21
Great Service for British Expats looking to move to the States.
Simone GarrettSimone Garrett
17:20 26 Feb 21
Fantastic group of people to work with!! David and Adriana were responsive and professional throughout the entire process. We weren't familiar with South Florida so David took us under his wing and did a fabulous job giving us a tour of select neighborhoods in South Florida and shared a great deal of information about each. We fell in love with the Botaniko community in Weston and closed the deal with Adriana. If you are buying/selling this is the team you want to work with!! Thank you guys for helping us find our dream home.
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