In an article published earlier this week by USA Today, 46 economists predict that "the economy will shift into a higher gear this summer and then grow for the next nine months at the fastest pace in three years". Here in Miami, we have already seen the signs of a recovery but glad to hear that the economist are in agreement. The more interesting news is the growth prediction. Now that's exciting. Click here to read the full article. If you or someone you know...Continue Reading!
Real Estate News Category
During the first month of 2013 (January) 9 homes sold in Coconut Grove, a decrease from the previous month. Here are some important Coconut Grove market statistics and a list of what sold. *Data as of 2/11/13* I keep up to date on the market. I make sure my clients are well informed so they make the best decisions when buying or selling their home. Please send me an email at firstname.lastname@example.org or call me at 305-992-6188 if you are interested in buying or selling...Continue Reading!
Beautiful lakefront home in the resort style community of Sunset Lakes located on a quiet cul-de-sac. Home is protected by accordion shutters and has upgraded light fixtures in dining areas & custom draperies that stay. Aluminum fencing surrounding back yard and scenic view of the lake. For more information about this home or Sunset Lakes Click Here.Continue Reading!
Chart by The Real Deal Miami According to a report by Florida Realtors a statewide industry group, median sale prices and number of sales of townhouses & condominiums in Florida rose quickly in the fourth quarter of 2012. The median sales price in the state jumped 24.3% — from $90,000 to $111,900. Closed sales in Florida grew 14.3%, to 24,743 from 21,640 in the fourth quarter. Overall, 2012 saw improvements, with the number of closed sales growing 2%, to 101,876 from 99, 894...Continue Reading!
Modern homes in Coconut Grove are in high demand these days and therefore garner a higher value than a typical home. The property at 2891 Coacoochee Street built by Miami architect Peter Jefferson just closed for $400 per square foot, well above the average in Coconut Grove. The sale price of the property was $1,250,000 and the home offered 3 bedrooms, 4 baths with 3,119 square feet of living area on an 8,543 square foot lot. Broker was Coldwell Banker. Every home...Continue Reading!
San Francisco is famous for its Old Victorian's, Coral Gables is known for its Old Spanish, and Miami Beach for its Art Deco. No matter where you live or travel, architectural styles play an important role in the fabric of a community. Some other popular styles in Florida in the last 100 years include: Georgian Colonial Victorian Tudor Prairie Craftsman bungalow Ranch Mid-century modern Contemporary New urban Which style is the most prevalent in your community? Is there a style you would pay a premium for?Continue Reading!
FHA loans are the largest source of low-down payment mortgages. A buyer with less than stellar credit can purchase a property with as little as 3.5% down. Starting April 1st, the FHA will institute it's third increase since 2011 when it raises it's premiums by 1/10 of a percent, or 10 basis points. Then, on June 3, FHa loans will be harder to qualify for whenthe debt to income ratio is is increased to 43% for individuals with a credit score...Continue Reading!
The first month of 2013 (January) 32 homes sold in Coral Gables. Slightly less than what sold in December 2012. The average price per sq.ft. dropped from $318 to $286. However more homes sold for either asking price or above in January (7) than in December (3). Here are some key market statistics for the month of January and a list of what sold. *Data as of 2/11/13* Throughout the years I have helped many friends and clients purchase or...Continue Reading!
Looking for volunteers to help us fundraise for College Scholarships while having fun! The North Bay Village Optimist Club has been working with the Art Festival for the past 15 years. Perfect opportunity to meet new people and give back to our community. For more info call Doris Acosta at 305-301-1799. (4 hours blocks) Feb 16, 17, & 18.Continue Reading!
Investment properties are going like hotcakes. I just sold this 3 bedroom, 1 bath home in Palmetto Bay to an investor for cash. We had 4 backup offers waiting in the wings, also all cash. Obviously priced right!! It needed to be completely remodeled but investors can see past the issues a home currently has to what it can be and what it could be worth. They also have the cash and resources to revitalize a home like this one. Good for the...Continue Reading!