April 15, 2013

South Miami Homes for Sale

The City of South Miami has only 29 single family homes for sale between $2,875,000 ($436/SF) and $130,000 ($167/SF).   The median home on the market right now is 4 bedroom, 2 bath, 2,225 square feet with an asking price of $639,000 ($264/SF). I have quite a few buyers right now that are looking in this neighborhood. Some are investors but most are first […]
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 28, 2013

Devonwood Contemporary Home Sold

A Pinecrest tri-level contemporary home just closed in Devonwood for $1,200,000.  Comtemporary architecture is red hot right now and this 5 bedroom, 4.5 bath, 1974 total renovation is no exception.  It sold in just under two months for 97% of list price at $269/sq ft. Want to learn the difference between Modern and Contemporary architecture? Check out my blog here. I am […]
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 24, 2013

Do NOT Wait to Upsize – Here’s Why

If you’re considering selling a house to purchase a larger, more expensive home, waiting a year or two will likely mean a higher sales price as well as a higher purchase price.   So why move up now, you ask? The Numbers Don’t Lie… If you look at the dollars and cents, a $200,000 home that […]