March 11, 2013
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 above […]
March 11, 2013
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, […]
March 4, 2013
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
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 […]
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, […]
February 24, 2013
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
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 […]