September 20, 2013

Residential Land Sales in Pinecrest

The Village of Pinecrest has been active in land sales this year with nine lots between .65 acres to 1.5 acres selling for an average of $18 a square foot.  The most expensive land,  a 6,438 square foot lot  lot on 78th Ave and 111th St., sold for $1,100,000 or $23 per square foot.  The […]
September 16, 2013

Luxury Sales in Coconut Grove

Forty two homes sold in the residential luxury market in Coconut Grove this year, with sales beginning at $1,000,000. The chart below breaks down the sales in increments of $200,000 until reaching $2,000,000.  Sales were strongest between $1,200,000 and $1,399,000, with nine of those sales falling between $1,200,000 and $1,299,000. In the ultra luxury category, […]
August 30, 2013

Flipping Houses – Seven Rules to Flip By

Interested in buying properties at a discount, fixing them up and re-selling them quickly for a profit?  Follow these seven rules and you will succeed. 1.  Don’t overpay for the property.  Know its value. 2. Don’t underestimate the cost of repairs or skimp on renovations. (Save receipts to show appraisers) 3.  Don’t buy with the […]
August 27, 2013

Coconut Grove Investment Ops -Tear Downs and Renovations

Coconut Grove is bustling with investors, builders and home buyers snatching up original Grove homes on small lots that are prime for renovation or, more often than not, tear down and new construction. Built in the early to mid 1900’s, these houses are approximately 940 to 2,330 square feet, on tree lined lots from 5,000 […]
August 26, 2013

Rock Lake in Pinecrest – Two Homes for Sale

Very little real estate in the Village of Pinecrest is waterfront with the exception of homes along canals and on small lakes that do not have ocean access.  Rock Lake, nestled between 67th and 69th Ave and 124th St and 130th Terr, is one such community where residents can canoe and paddle boat while enjoying the serenity, […]
August 20, 2013

Distressed Sales of Single Family Homes – Southeast Miami Dade Corridor – 2013

Distressed single family home sales as a percentage of total annual sales are down since the first quarter in homes along the Southeast Miami-Dade corridor.  Distressed sales include foreclosures and short sales. I analyzed distressed sales in six cities: Pinecrest, Palmetto Bay, Coconut Grove, Coral Gables, South Miami and Key Biscayne.  In the chart  to […]
August 12, 2013

Compare Your City – Average Price Per Square Foot of Homes for Sale

Check out how your neighborhood compares in average price per square foot for single family homes for sale.  I analyzed homes currently on the market in six cities: Coconut Grove, Coral Gables, Key Biscayne, Pinecrest, Palmetto Bay and South Miami. The numbers are quite interesting, especially if you are thinking of buying or selling a home. […]
August 9, 2013

South Coral Gables Market Report – July 2013

Closed Sales In July, a total of six properties sold in South Coral Gables off Old Cutler Road averaging 5 bedrooms, 4 baths with 4,428 square feet of living area at an average sale price of $2,740,833 or $619 per square foot.  These homes were on the market an average of 130 days and sold […]
August 5, 2013

Pinecrest Market Report – July 2013

In July, 27 single family homes were sold in The Village of Pinecrest for a total volume in sales of $29,898,500.  Sales were strongest in the $600,000 – 700,000  range and in the $1 – 2 million range for the luxury market.  The average home was 5 bedrooms, 4 baths, with 4, 050 square feet […]