April 6, 2013
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
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
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
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
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 […]
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 9, 2013
I recently represented the buyer in the purchase of a condo. After a lengthy contract negotiation, with both sides in full agreement, the seller added a stipulation to the contract that the sale was contingent on her divorce. The listing agent suggested that this was a minor change to the contract, but I knew immediately that it was a significant problem. After reviewing the […]