April 23, 2013
You’d be surprised to know that true oceanfront single family homes for sale these days are rare. Hundreds of properties have ocean access and are located off canals of Biscayne Bay, but there are only 17 properties in all of Coral Gables, Coconut Grove, Key Biscayne and Palmetto Bay with true ocean or wide bay views – the kind you’d want to pay $10 million for. You […]
April 13, 2013
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
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 […]
February 25, 2013
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 bath, […]