market conditions: Real Estate Market Conditions for Miami Shores, Bay Harbor Islands, Surfside and El Portal - Florida - 08/05/07 05:43 AM
Real estate  market conditions for the month of July show a slight increase in inventory from the previous month which is normal since July is historically one of the slowest months of the year (December being the first).  From the graph it is evident which price ranges are moving the most. 
Miami Shores Real Estate - shows the most inventory in the $400k to $600K range, but it also shows the most sales for the same price range. The months of inventory has dropped to 22 which shows the market is slowly stabilizing. 
Bay Harbor Islands Real Estate - shows the most inventory … (13 comments)

market conditions: Market Conditions for Miami Shores, El Portal, Bay Harbor Islands and Surfside - Florida - 07/05/07 04:49 AM
Historically, the month of JUNE shows the highest amount of sales in the whole year, and this year, even in a very evident buyer's market, that still remains true.  Please keep in mind that the sales that appear in June are from contracts that were executed in the months of April and May - since contracts stipulate 30 to 60 day closings on the average.  You can compare this month's numbers to last month's market report at Market Conditions for Miami Shores, Bay Harbor Islands, Surfside and El Portal
For Miami Shores - June's sales represented 20% of sales for the whole … (10 comments)

market conditions: Market Conditions for Miami Shores, Bay Harbor Islands, Surfside and El Portal - 06/05/07 02:23 PM
Real Estate Market Conditions don't appear to have changed a great deal since last month, but  we are seeing more movement with regards to showings and more offers coming in.  In addition, great news starting to appear from economists throughout declaring that HOUSING SLUMP IS OVER!
Here are market conditions for Miami Shores, Bay Harbor Islands, Surfside and El Portal, all located in Miami and close to each other geographically.  These 4 markets are very different with regards to price ranges, but similarly priced properties are moving at similar rates.  All the information in this market report was obtained from the Southeast Florida Multiple … (6 comments)

market conditions: Market Conditions for Miami Shores, Bay Harbor Islands, Surfside and Biscayne Park - 05/08/07 05:36 AM
For the month of May, we decided to show the real estate market conditions for single-family homes of four cities within Miami with the purpose of comparing the different markets.  The cities I will be showing are close to each other geographically, but with obvious price range differences.  These numbers were pulled directly from the Multiple Listing Service and reflect conditions for 2007.
There are currently 201 single-family listings in Miami Shores, Florida:
Highest priced listing:  $3,950,000 Lowest priced listing : $317,500Properties currently under contract:  13Closed properties since 1/1/2007:  36 There are currently 17 single-family listings in Bay Harbor Islands, Florida:
Highest priced listing:  $6,000,000Lowest priced listing : … (16 comments)

market conditions: Miami Shores Florida - Market Conditions - 04/05/07 07:24 AM
It is a buyers' market in Miami Shores and the amount of houses for sale keeps increasing.  There have been 26 closed sales this year and there are currently 197 homes for sale.  This means that there are 22 months of inventory.
There are currently 197 single-family listings in Miami Shores:
Highest priced listing:  $3,950,000 Lowest priced listing : $299,500 Properties currently under contract:  18 Closed properties since 1/1/2007:  26 This graph shows the movement in different price ranges in Miami Shores.  Please note that the $200,000 and under market was omitted because there are no listings in that price range.  The … (6 comments)

market conditions: Miami Shores, Florida - Market Conditions - 03/05/07 02:20 AM
It is a full-blown buyer's market, no matter what price range you are referring to.  We have over 20 months of inventory and still very few buyers which means that as a seller you have to take the extra step to make your property stand out.  What can you do to make it stand out?  Please follow this link to read Craig Schiller's article on staging, he's a talented and successful stager in The Chicago area.  Pricing is THE most important factor when selling a property, sellers are competing with many other properties, and buyers are looking at the best priced … (5 comments)

market conditions: Reality Check - truth hurts - 02/24/07 08:41 PM
What happens when a good friend wants to sell their home but you know they will lose money if they sell now?  Just last week we were invited to do a listing presentation by friends and neighbors.  As soon as we pulled their tax information we knew they would loose money with this transaction.
We hoped there was a discrepancy in the tax roll with regards to the size of the house, we hoped they had not put a lot of money into it, we hoped we had made a mistake and could give them the information they wanted to hear. 
Although … (24 comments)

market conditions: Strongest Real Estate Markets - 02/17/07 01:50 PM
Finally some great news for Florida - Business 2.0 Magazine ranked the country's strongest real estate markets and 3 Florida cities made it to the list!  Woo Hoo!  Number one used to be my weekend stompping ground my first year of college at Florida State University, what beautiful beaches! 
Here's the list:
Panama City, FLVero Beach, FLBridgeport, CTLakeland, FLMcAllen, TXSan Luis Obispo, CAWilmington, NCManchester, NHFort Collins, COAtlanta, GAThe same article also lists the bottom 10 cities, the safest cities for investors, and the highest portion of households in foreclosure where Miami is number 3 and Fort Lauderdale is number 5.  Sorry Florida, it can't always … (54 comments)

market conditions: Biscayne Park, FL Market Conditions - 02/16/07 10:11 AM
Overview of the single family market in Biscayne Park, FL:
Currently on the market:  40Currently under contract:  5 Closed in the last 90 days: 4Lowest Priced Listing:  $264.900Highest Priced Listing:  $699,500Overview of the condo market in Biscayne Park, FL:
Currently on the market:  1Currently under contract:  1Closed in the last 90 days: 0 Lowest Priced Listing:  $169,900Highest Priced Listing:  $169,900Overview of income producing (residential) in Biscayne Park, FL:
Currently on the market:  18 Currently under contract:  2 Closed in the last 90 days: 3Lowest Priced Listing:  $329,900 Highest Priced Listing:  $550,000Compare with the last market report - prepared November 19th, 2006
Visit  http://www.yourpropertypros.com/ www.miamism.comfor more information … (11 comments)

market conditions: Miami Shores, FL - market conditions - 02/01/07 02:39 AM
It is still a buyer's market here in South Florida but the market is surely picking up.  This can be evidenced by the amount of movement we are seeing with showings of our own listings and the amount of phone calls we are receiving with inquiries.   It's a new year and buyers that were holding off and waiting for a "market collapse" cannot wait any longer and are beginning to buy.
Certain price ranges are moving better than others, we grabbed all the sales in Miami Shores, Florida in the last 6 months and arranged them by price range to get an … (9 comments)

market conditions: El Portal FL Market Conditions - 01/05/07 03:18 PM
Overview of the single family market in El Portal, FL:
Currently on the market:  44Currently under contract:  4Closed in the last 90 days:  5 Lowest price listed:  $ 330,000Highest price listed:  $ 975,000Visit http://www.yourpropertypros.com/ www.miamism.com for more information about El Portal, Florida Real Estate.
 
This is a photo of one of our listings in EL PORTAL, Florida.  It's a handyman's special on a 14, 177 sq. ft. lot, where the main house  has 3 bedrooms/2 bathrooms and a 1/1 in-law quarters.  Please visit our website athttp://www.yourpropertypros.com/ www.miamism.com for additional information on this and other listings.
… (7 comments)

market conditions: Surfside, Florida - Market Conditions - 01/02/07 03:14 PM
Overview of the single family market in Surfside, FL:
Currently on the market:  66 Currently under contract:  9Closed in the last 90 days:  9Lowest price listed:  $ 525,000 Highest price listed:  $ 8,000,000Overview of the condo market in Surfside, FL:
Currently on the market:  181Currently under contract:  13 Closed in the last 90 days:  21 Lowest price listed:  $169,000 Highest price listed:  $2,650,000Visit http://www.yourpropertypros.com/ www.miamism.com for more information about Surfside Real Estate.
The photo was taken from the balcony of one of our listings at The Waverly at Surfside Beach - located at 9201 Collins Avenuer, PH 1225. - Surfside Beach is one of the best beaches in "MID-BEACH" … (8 comments)

market conditions: Miami Shores, FL - Market Conditions - 12/12/06 03:21 PM
Overview of the single family market in Miami Shores, FL:
Currently on the market:  176Currently under contract:  27Closed in the last 90 days: 22Lowest Priced Listing:  $325,000 Highest Priced Listing:  $3,950,000Overview of the condo market in Miami Shores, FL:
Currently on the market:  32 Currently under contract:  11 Closed in the last 90 days: 8 Lowest Priced Listing:  $189,499 Highest Priced Listing:  $610,000Visit http://www.yourpropertypros.com/ www.miamism.com for more information about Miami Shores Real Estate.
 
***The photo is of our oldest son wakeboarding next to Sunset Island in Biscayne Bay.  Look at the beautiful homes in the background........and yes.... he caught air!***
… (16 comments)

market conditions: Bay Harbor Islands FL Market Conditions - 11/25/06 05:05 AM
Overview of the single family market in Bay Harbor Islands, FL:
Currently on the market:  16Currently under contract:  3 Closed in the last 90 days:  1 Lowest price listed:  $ 899,000 Highest price listed:  $ 3,295,000Overview of the condo market in Bay Harbor Islands, FL:
Currently on the market:  139Currently under contract:  24Closed in the last 90 days:  10 Lowest price listed:  $185,000Highest price listed:  $1,961,000Visit http://www.yourpropertypros.com/ www.miamism.com
… (6 comments)

market conditions: Biscayne Park FL Market conditions - 11/19/06 04:25 AM
Overview of the single family market in Biscayne Park, FL:
Currently on the market: 31Currently under contract: 9Closed in the last 90 days: 8Lowest Priced Listing: $320,000Highest Priced Listing: $792,900Overview of the condo market in Biscayne Park, FL:
Currently on the market: 5Currently under contract: 8 Closed in the last 90 days: 0Lowest Priced Listing: $148,900Highest Priced Listing: $198,500Overview of income producing (residential) in Biscayne Park, FL:
Currently on the market: 19Currently under contract: 2Closed in the last 90 days: 1Lowest Priced Listing: $325,000Highest Priced Listing: $625,000Visit http://www.yourpropertypros.com/ www.miamism.com
for more information about Biscayne Park Real Estate.
The picture is of Rick wakeboarding in Biscayne … (6 comments)

market conditions: El Portal FL Market Conditions - 11/19/06 02:33 AM
Overview of the single family market in El Portal, FL:
Currently on the market:  39 Currently under contract:  5 Closed in the last 90 days:  5 Lowest price listed:  $ 339,900 Highest price listed:  $ 975,000Visit www.Miamism.com for more information about El Portal Real Estate.
 
This is a photo of our 2 oldest sons with their friend at a University of Miami game (at the Orange Bowl) with the Hurricane Cheerleaders.
… (2 comments)

market conditions: Miami Shores FL Market Conditions - 11/12/06 01:39 AM
Overview of the single family market in Miami Shores, FL:
Currently on the market:  173Currently under contract:  20 Closed in the last 90 days: 29Lowest Priced Listing:  $344,000Highest Priced Listing:  $3,995,000Overview of the condo market in Miami Shores, FL:
Currently on the market:  36Currently under contract:  9 Closed in the last 90 days: 9Lowest Priced Listing:  $189,500Highest Priced Listing:  $610,000Visit http://www.yourpropertypros.com/ www.miamism.com
… (5 comments)

market conditions: Miami Shores FL Market conditions - 10/24/06 12:54 PM
Overview of the single family market in Miami Shores, FL:
Currently on the market:  176Currently under contract:  20Closed in the last 90 days: 33Lowest Priced Listing:  $302,900Highest Priced Listing:  $3,995,000Overview of the condo market in Miami Shores, FL:
Currently on the market:  33Currently under contract:  8Closed in the last 90 days: 8Lowest Priced Listing:  $139,500Highest Priced Listing:  $699,00Visit http://www.yourpropertypros.com/ www.miamism.com
for more information about Miami Shores Real Estate.
… (0 comments)

market conditions: El Portal FL Market Conditions - 10/07/06 06:26 AM
Overview of the single family market in El Portal, FL:
Currently on the market:  35Currently under contract:  5 Closed in the last 90 days:  4Lowest price listed:  $ 339,900 Highest price listed:  $ 749,900Visit www.miamism.com  for more information about El Portal Real Estate.
… (0 comments)

market conditions: Surfside FL Market Condition - 10/07/06 06:23 AM
Overview of the single family market in Surfside, FL:
Currently on the market:  64Currently under contract:  5Closed in the last 90 days:  3 Lowest price listed:  $ 515,000Highest price listed:  $ 8,000,000Overview of the condo market in Surfside, FL:
Currently on the market:  192Currently under contract:  17Closed in the last 90 days:  14Lowest price listed:  $169,000 Highest price listed:  $2,699,000Visit www.miamism.com  for more information about Surfside Real Estate.
… (0 comments)