market analysis: 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)
market analysis: Last Week's Brokers Open
- 09/10/13 05:42 AM
Better late than never.... Last week's brokers open tour was educational and a bit exciting. I had the opportunity to go out and about with Luisa Mendoza from our EWM Coconut Grove office and visit a few of our most attractive listings currently available in the South Coral Gables and Coconut Grove Real Estate area. During our tour we discussed how the recently passed Biggert-Waters Flood Insurance Reform Act of 2012 may affect properties in Coconut Grove and Coral Gables. Shoot me an email or give me a call and I'll tell you a bit more about it. You can browse … (0 comments)
market analysis: Wednesday's Broker's Open
- 08/29/13 06:06 AM
Today I finally had the chance to go out and see some active listings in the South Gables area. It's usually hard with the mid-day rush to get out and see properties, but we made it a point this week to go visit some of these listings. In all it was a very successful tour with some nice houses and some that were very impressive. We even had an opportunity to see an amazing $18M house with a private observatory, a shooting range, a dark room and over 900 feet of water frontage! Please see below a brief description of these … (0 comments)
market analysis: Coral Gables Market
- 08/22/13 07:34 AM
According to recent data the Coral Gables market continues to thrive. A considerable amount of 3 bedroom properties, all under 2,000 Sq. Ft., have closed in the past 6 months (i.e., 74), with an average sale price of $496,081 (or $283 per sq. ft.). An interesting trend emerges when you compare the current 90 days closing sales with the first 90 days closing sales of 2013. During the current 90 days closing sales a total of 44 3 bedroom properties sold for an average of $506,191 (or $288 per sq. ft.), in contrast, during the first 90 days closing sales … (1 comments)
market analysis: Miami Shores
- 05/23/13 03:40 AM
Miami Shores is located south of N.E. 107th St. and north of N.E. 87th St., and east of N.W. 5th Ave. just south of North Miami. Miami Shores Village was developed in the 1920's and is well known for its small town feel, Bay front vistas, and tree-lined streets. The style of homes in Miami Shores varies widely but is mainly comprised of Art Deco and Mediterranean style-homes. Miami Shores is close to some of South Florida's best beaches, including Miami Beach, Sunny Isles, and Surf Side. Local attractions include the Miami Shores Country Club, Miami Theater Center, and Barry … (0 comments)
market analysis: Coral Gables Market Continues to Thrive
- 05/15/13 04:11 AM
Historically, Coral Gables has been one of the premier places to live in Miami due to its ideal location, thriving downtown area, and pedestrian-friendly tree lined streets, and according to recent closings the Coral Gables market continues to thrive. A considerable amount of 3 bedroom properties have closed in the past 6 months (i.e., 41), with an average sale price of $386, 507 (or $229 per sq. ft.). An interesting trend emerges when you compare the current 90 days closing sales (i.e., 2-10-13 to 5-10-13) with the previous 90 days closing sales (i.e., 11-19-12 to 2-9-13). During the current 90 days … (0 comments)
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