March 2, 2013

Want to Sell Fast? – Price it Right

Pricing a house correctly when it is first listed is incredibly important. A property that has been reduced in price creates concerns and questions to the buyer.  The buyer always wants to know why that property has been on the market for so long and what is wrong with it? As a general rule, it […]
February 25, 2013

********* Palmetto Bay 2012 Year in Review *********

  Residential home sales in Palmetto Bay in 2012 were strong with 290 closed  sales  for a total volume of $118,073,513. The most expensive house sold for $1,00,000.00 at $285 per square foot while the least expensive home sold for $70,000.00 at $94 per square foot.  The average house in Palmetto Bay was a 4 bedroom, 2.5 […]
February 24, 2013

Update on Pinecrest Homes for Sale

Market reports say there is little inventory to sell these days. Well, its true.  Pinecrest  has 128 homes currently on the market. They range in price from a 3 bedroom, 2 bath, short sale in SW Pinecrest for $395,000.00 on a 3/4 acre lot to an 8 bedroom 9 bath new Italianate estate on over […]
February 23, 2013

Pinecrest Market Analysis 2012 – The Year in Review

The Village of Pinecrest had a very good year with 223 homes sold for  just under $217,000,000.00 in total sales.  Sales ranged from $220,000.00 to $4,500,000.00 with an average sale price of $972,821.00 and an average square foot (SF) price of $232.00. In the chart below, Pinecrest is divided into approximate quadrants to evaluate the statistical differences within […]
February 22, 2013

Pinecrest Garden Fund’s 7th Annual Soiree

Picture This… You wind your way up the candle lit pathways, through the lush tropical garden, until you come upon the breathtaking terrace of Pinecrest Gardens.  Cocktails and hors d’oeuvres await you in the glow of moonlight, under the stars.   Oh yeah! Every February, the residents of Pinecrest and its surrounding communities look forward to the […]
February 18, 2013

50th Coconut Grove Arts Festival

Year after year, I never tire of the Coconut Grove Arts Festival.  This year, the St. Stephen’s Art Festival, right next door, had quite a few new and repeat artists that this visitor enjoyed. One of my favorites were the magnificent wood vessels by Tim Niewiadomski, Studio by Ski – Shades of Wood, from Akron Ohiio.  This […]
February 17, 2013

Bidding Wars in Coconut Grove, Coral Gables and Pinecrest

Overbidding the Appraised Value The highest offers on a property, if contingent on an appraisal, are not necessarily the best.  We are seeing some overbidding on properties that allow the buyer to clinch the deal, only to manipulate the sale to a lower price with the appraisal. Sellers have options when receiving multiple offers. Countering with an […]
February 16, 2013

Five Real Estate Provisions in “Fiscal Cliff” Bill

Tax Breaks Extended through 2013 in Cliffhangar President Obama signed into law the real estate-related provisions of the so-called “Fiscal Cliff” Bill.  It’s more of a slippery slope in that the House and Senate extended most provisions through 2013 and made them retroactive for 2012. Here’s the gist of it. The Mortgage Forgiveness Debt Relief Act […]
February 15, 2013

Miami Palmetto Senior High School is an “A” School

Pinecrest’s High School Earns “A” Grade Miami Palmetto Sr. High School in Pinecrest is once again an A school.  Palmetto, who has earned this distinction for eight out of the last 12 years, will be eligible for school recognition funds which reward schools that have sustained high student performance or have shown substantial student performance improvement. I […]