This article was produced in partnership with Thomas Herd, Founder of T1 Advertising
After a rollercoaster couple of years for the real estate industry brought on by the economic effects of the COVID-19 pandemic, consumers once wary of buying a property mid-health crisis have adjusted to the “new normal,” causing a nationwide rise in market activity and an inventory shortage across the United State. For clients of ONE Sotheby’s International Realty’s Burton Wilkins, December presented a fortuitous opportunity to execute deals across the East Coast’s buzzing market, with Wilkins selling and listing more than $10,000,000 worth of properties throughout the month and ending the year on an 8-figure high note.
Known for his niche dual market focus between Miami, FL, and Ocean City, NJ, Wilkins has long been an integral player in major luxury property sales throughout the eastern coast of the United States. Rather than limit himself to one singular location, Wilkins has built a reputation for his capability of balancing work in both his native state of New Jersey and his long-time residence of Southern Florida—a professional harmony well-represented in December’s cross-region achievements.
Within Ocean City, a market Wilkins navigates alongside his father and sister at their Goldcoast Sotheby’s International Realty family team, Wilkins completed an off-market deal for Ocean Front Hotel at 1417 Ocean Ave with last asking listed at $5,000,000. Soon after, Wilkins and his team nabbed the listing for a dual-purpose commercial and residential property on Ocean City’s E 9th Street at $2,799,000, featuring a ground floor commercial restaurant with multi-unit luxury two-bedroom, two-bathroom residences above.
In line with his buzzy activity up north, Wilkins has likewise maintained his focus on the Miami real estate market, facilitating a deal on a luxury quadplex at 151 NW 33rd throughout December that is set to close within the first week of January, with last asking at $1,950,000. The property boasts four one-bedroom, one-bathroom units in Miami’s Wynwood Arts District, a neighborhood steadily growing in popularity thanks to its reputation as a cultural hotspot within the metropolis.
With another highly successful year under his belt, Wilkins’ 2021 achievements are set to be mirrored in 2022, as industry experts forecast a continued increase in property values across the United States.
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