1. Inventory Shortage- We have very little inventory and a Huge Demand. Priced right properties have bidding wars. Inventory Shortage indicates a sellers market. This won't last forever! 2. Prices are UP! 3. Low Interest Rates- Some predict rates to go up to 5% by the end of the year, and continue to climb. Low Rates means people can afford to buy more and are willing to buy more now while keeping their payments lower. As rates increase there will not be...Continue Reading!
Coconut Grove had 14 homes sold during the month of May, the same amount as the prior month. Another positive number was the average price per sqft, which increased to $382, the highest this year so far. Here are some statistics and a list of what sold last month in Coconut Grove. *Data as of 6/5/13* 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...Continue Reading!
2150 SW 16th Ave #305 1 Bedroom 1 Bathroom 694 Square Feet of Living Area MLS: A1782819 Check out this new Coral Way condo! This cozy 1/1 is in a gated community, walking distance from restaurants, shopping and more. Aside from the great location this new Coral Way condo offers a beautiful pool area complete with gazebo and grilling area. The unit has been recently painted and is ready to move in. This is a Fannie Mae homepath property which can be purchased for as little...Continue Reading!
A recent report from Christie’s International Real Estate ranked Miami among the top ten luxury real estate markets globally. This ranking puts Miami in league with cities such as London, New York, Côte d’Azur, Hong Kong, Paris, Los Angeles, San Francisco, Toronto and Dallas. Fueled by strong interest from South American buyers, Miami had a high percentage of both international and secondary and additional homebuyers in 2012. 45 percent of luxury buyers in Miami were from out of town. "International buyers, in particular,...Continue Reading!
Are you looking for a home with open spaces, amazing yard and lots of room for entertaining or to just let the kids run wild? My new listing at 8420 SW 66 Street may just be the home for you. Designed for the family that enjoys the indoor/outdoor lifestyle, it is perfect for entertaining family and friends. The interior features include 4 bedrooms, 3 baths, open kitchen, formal dining and living rooms, bright spacious family room with 4,286 sq ft of living area. The outside is where things...Continue Reading!
This week’s roundup of Miami pre-construction condos’ includes: Icon Bay – Construction at Icon Bay has finally begun according to Miami Curbed. The tower is the latest from Related Group Developers, and it will feature 300 units after its scheduled completion in 2015. The Miami luxury condo tower will be located at 462 NE 28th Street, Miami, FL. SLS Brickell – The SLS brand has become a cornerstone in NEW MIAMI – first with the SLS Hotel in South Beach, and now...Continue Reading!
Home buyers awaiting the traditional spring selling season this year may be in for disappointment, the Sun-Sentinel reported. March, April, May and June are usually the most active months for real estate sales. Families will put their homes on the market around this time with hopes of getting settled into a new place by the next school year. However, according to local Realtor boards, the inventory of available homes remains down in Palm Beach, Broward, and Miami-Dade ...Continue Reading!
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The South Florida real estate market is heating up. The Case-Shiller real estate index shows an 11 percent jump in South Florida housing values in December 2012 compared to the previous year. This is the biggest spike since August 2006−a time when the real estate boom was just starting to lose steam. It is also the 13th straight month of consecutive gains. Case-Shiller recently released a report on the nation's top housing markets, showing South Florida as having the sixth largest increase in...Continue Reading!