SoFla luxury condo sales to stay slow as single-family market grows in ’18, experts say

Condo developers to pull back after years of sky-high appreciation

With a large number of luxury condos remaining available paired with low sales, it can be expected to see many projects be cancelled in the 2018 year. However, this may prove beneficial to buyers as some sites may start reducing their prices. Mike Pappas, along with several other Miami real estate figures speak to The Real Deal about what to expect in the coming 2018 year.

“In the luxury market, they set prices too high.”

- Mike Pappas, Keyes Company CEO & President

Mike Pappas, president of the Keyes Company, said the double-digit appreciation new condos experienced between 2013 and 2015 created a false perception about what those same units could sell for in 2016 and 2017. “Over the last two years, we have seen that greater appreciation coming back to down to reality,” he said.

Read the full article here!

NAR Power Broker Roundtable: A Look at the Year Ahead.

Christina Pappas joins in this month's National Association of REALTORS® Power Broker Roundtable as she prepares to enter her new position of NAR Liaison for the 2018 year.

This month's National Association of REALTORS® (NAR) Power Broker Roundtable introduces Christina Pappas, district sales manager for The Keyes Company and incoming moderator of the Roundtable for 2018.

In the discussion, NAR Moderator, Robert Bailey, talks with Christina Pappas over several topics including Pappas's incoming role of becoming the 2018 Liaison for NAR, a brief history of The Keyes Company, Pappas's plans and goals in the new position, and the new generation in the industry.

Read the full interview here!