April 14, 2013

Luxury Real Estate – Everything You Should Know

Christie’s International Real Estate  published a superb compendium titled LUXURY DEFINED: AN INSIGHT INTO THE LUXURY RESIDENTIAL PROPERTY MARKET.  This is a must read for anyone in the luxury real estate business or interested in buying or selling luxury properties.  Christie’s is the world’s leading network of independent real estate companies dedicated to the sale and marketing of luxury […]
April 13, 2013

Distressed Sales Single Family Homes – Southeast Miami-Dade County – First Quarter

I read an article today in Florida Realtors who reported that the greater Miami area posted the highest foreclosure activity of any large city in the U.S. for the first quarter, with one in every 79 residences receiving some type of foreclosure filing.  This prompted me to analyze the distressed sale activity of single family homes in the South […]
April 10, 2013

What’s for Sale in Palmetto Bay?

As of April 8, there are 37 homes for sale in The Village of Palmetto Bay that are not under contract.  Six homes are listed for over $1,000,000, 15 are listed between $500,000 to $999,000 and 16 are listed for under $500,000.   None of these are foreclosures and only three are short sales. With so little inventory on the market […]
April 6, 2013

Comparison of Sale Price Per Square Foot in Pinecrest Quadrants

Last year I reported that NE Pinecrest had the highest average single family home sale price per square foot than the other areas of Pinecrest.  The first quarter of this year continues the trend.  In looking at the median sales price of single family homes per square foot, NE Pinecrest comes in at $320.00, NW Pinecrest at $278, SE Pinecrest at $256.00 and SW […]
March 26, 2013

No Sales in Snapper Creek Lakes for Six Months

Three months ago, I reported that sales in the Coral Gables community of Snapper Creek Lakes have stalled.   This is a very desirable gated community yet, it has been six months now since there has been a sale.  There are currently two properties under contract and eight homes for sale.  Also on the market since last October is an oak laden lot around three quarters of an acre listed […]
March 25, 2013

Price Distribution of Pinecrest Homes for Sale

    In Pinecrest, 91 homes over $1,000,000 are currently for sale.  Forty four homes are for sale between $500,000 and $1,000,000 and only four homes are under $500,000.  Most homes in this community are on large parcels of land, often 3/4 acre and up, adding significant value to these properties. Click here to see the complete market analysis […]
March 15, 2013

Average Price a of Home in The Village of Pinecrest

Pinecrest Real Estate is More Expensive… I was just looking at the numbers for home sales from January to March 15th of this year and am astounded at how much the average price of a home has jumped in 2013.  The average sale price has increased from $746,636.00 to $1,229,740.00, a whopping $484,104.00 difference.   There have been 25 homes that […]
March 11, 2013

The Only Way to Buy a Condo in Pinecrest

WITH CASH.  Condos under $250,000 are being bought by local and foreign investors for cash.   No cash – no deal.  If you add a finance contingency, you can just about forget it.  Sellers are receiving multiple offers and can pick and choose from the highest and best offer – for cash. In fact, sellers are receiving […]
March 11, 2013

Gables Estates Update – On the Waterfront

Gables Estates, the privately gated waterfront community east of Old Cutler Road, between 80th St and 92nd St. currently has 12 homes for sale.  Most of these residential estates have been on the market for only two to three months, suggesting that luxury waterfront property is selling in Miami.  Properties for sale in this exclusive community range between a ten bedroom, […]