March 9, 2013

Divorce and Home Sales Can be a Legal Mess

I recently represented the buyer in the purchase of a condo.  After a lengthy contract negotiation, with both sides in full agreement, the seller added a stipulation to the contract that the sale was contingent on her divorce.  The listing agent suggested that this was a minor change to the contract, but I knew immediately that it was a significant problem.  After reviewing the […]
March 4, 2013

Gables by the Sea Update

Gables by the Sea, a lovely Coral Gables community on the water, has fifteen homes for sale as of March, 2013.  The most expensive listing is a 6 bedroom, 5 bathroom contemporary beauty that has 7,765 SF with fabulous views of Biscayne Bay, offered at a list price of $8,999,000.00 (a whopping $1,159/SF).  The lowest […]
March 3, 2013

Reduced Price Listings in Pinecrest

There are currently 117 homes  for sale in Pinecrest.  Half of these home have been on the market for over three months.  Fifteen houses have been listed for over six months and ten have been for sale for over a year.  Most of the houses that have been on the market for over three months […]
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 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 […]