ewm: Emerging Surge in Pinecrest Properties
- 03/26/14 04:02 AM
Recent data indicates an emerging surge in real estate sales in Pinecrest. At this point last year, 31 total properties were sold at an average of $1.3 million or $265/sq. ft. Now fast forward to this year, thus far there have been 45 total sales at an average of $1.6 million or $341/sq. ft.! This same trend is evident when we look at properties of $3 million and above. In 2013, there were only 7 total sales of properties over $3 million at an average of $360/sq. ft. Amazingly, thus far this year there have been 6 total sales of properties … (0 comments)
ewm: Sellers...It's Still a Sellers Market
- 02/03/14 05:01 AM
Its a sellers market according to recent data which indicates Dade County is currently in a sellers market and is trending towards a neutral market in the upcoming months. The above graph shows the number of properties for sale divided by the number of properties sold (i.e., Months of Inventory (MOI) based on Closed Sales) for the last 5 years. Simply put, abundant inventory and low sales leads to a higher MOI, while low inventory and high sales leads to a lower MOI. For Dade County we are currently at a 3.6 MOI which puts us at the cusp between … (0 comments)
ewm: Say Goodbye to Scotty's Landing!
- 11/14/13 02:56 AM
Say goodbye to Scotty's Landing! Developers have been proposing a Coconut Grove waterfront project for several years and finally on November 5th voters approved a waterfront plan, which will lead to the demolishing of Scotty's Landing. According to the Miami Herald the vote allows the Grove Bay Investment Group to sign a 50-year lease with the city for the sites of the Chart House and Scotty's Landing restaurants and the Grove Key Marina. The plan, as it is currently outlined, will require the developers to spend $18 million to refurbish the Marina and to build three new restaurants (with one … (0 comments)
ewm: Buenos Aires Meets Hollywood in Miami Beach
- 10/14/13 08:59 AM
With new developments popping-up all over South Florida these days it is easy to clump them all together as your typical highrise. However, this would be a big mistake with one of these new developments, that is, the new development on Miami Beach headed by Alan Faena, which he has branded as the Faena District Miami Beach. This development sets itself apart in two important ways. Firstly, the team behind this development is unique. It is headed by world renowned Alan Faena, an Argentine developer-alchemist who most recently transformed Buenos Aires' rundown Puerto Madero district into real-estate gold. Also part … (2 comments)
ewm: The Roads in Miami
- 05/02/13 02:50 AM
The Roads in Miami is a neighborhood that is located south of 11th St., between SW 12th Ave. and SW 15th Road, just west of Brickell. The Roads in Miami is known for its old homes with large yards and tree-covered streets. Interestingly, the Roads was mapped out and developed by Mary Brickell just days before her death. She wanted the area to provide a pedestrian-friendly neighborhood and accomplished this beautifully by incorporating wide streets with median parkways and roundabouts. Aside from the pedestrian-friendly neighborhood and beautifully landscaped streets and houses the Roads in Miami is ideally located just minutes … (0 comments)
ewm: South Florida's Housing Market Continues to Grow
- 05/01/13 05:58 AM
Potential sellers have much to be excited about these days as South Florida's housing market continues to grow. According to S&P/Case-Shiller index South Florida's housing stock appreciated 10.8% in Feburary from last year, reported by the Sun-Sentinel, which marks 14 consecutive months of increases. According to the report, which surveyed 20 metro areas across the US, the South Florida market showed double digit increases in the housing market over the past year. As evidence that the South Florida's housing market continues to grow, the median price for a single-family home in Miami-Dade county skyrocketed 25.1% to $225,000 in March from … (1 comments)
ewm: Coral Gate Neighborhood
- 04/16/13 05:44 AM
Coral Gate Neighborhood was Miami's first planned subdivision established in 1948 and was rated best neighborhood in Miami in 2012. It is located between SW 16th Street and Coral Way and between SW 37th Avenue and SW 32nd Avenue, within walking distance to downtown Coral Gables and Miracle Mile. Coral Gate neighborhood is a vibrant and safe neighborhood perfect for first time home owners and families. Coral Gate neighborhood recently finished renovating the neighborhood's community park adding a new recreation building able to host several programs at once. The community prides itself on providing a safe, friendly, and relaxed place … (0 comments)
6423 Collins Ave #1705 2 bedroom 2 bath 1,994 Square Feet of Living Area MLS: A1769995 This new Miami Beach listing has beautiful ocean and city views from a wraparound balcony! Marble floor and floor to ceiling windows provide a beautiful natural feel throughout the apartment. Spacious kitchen is perfect for entertaining. New glass balconies will be installed throughout the building. Walking distance to shops & restaurants. This new Miami Beach listing with beautiful ocean views also offers numerous amenities including, a heated Pool, Gym, Sauna, Billiard room, beach access, private outdoor BBQ area, and a penthouse bar and … (1 comments)
Recent data indicates an emerging surge in real estate sales in Pinecrest. At this point last year, 31 total properties were sold at an average of $1.3 million or $265/sq. ft. Now fast forward to this year, thus far there have been 45 total sales at an average of $1.6 million or $341/sq. ft.! This same trend is evident when we look at properties of $3 million and above. In 2013, there were only 7 total sales of properties over $3 million at an average of $360/sq. ft. Amazingly, thus far this year there have been 6 total sales of properties … (0 comments)
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