South Beach Sales Update

I'd like to give a quick market update as well as some commentary on the latest sales that my team and I have been involved with:

Condos

Murano Grande #1906- $1,350,000 3 beds / 3baths ($667/S.F.)

Casablanca Villas (resale) #409 $250,000 1 bed / 1.5 bath ($280/S.F.)

Waterfront Single Family Home

Palm Island - 298 S. Coconut Lane $3,150,000 5 beds / 4 baths ($787/S.F.)

Once again, the market has shown that it rewards sellers who price their properties correctly, and (in a bit of shameless but true self-promtion!) when the marketing is handled by an experienced, knowledgeable, detail-oriented, and top producing real estate salesperson. Thanks to aggressive AND creative in the marketing (we had an offer come in from St. Petersburg). My advice to any seller today is to be working with an agent at the top of their field, and who will be a straight talker, positive but realistic, and follow-up with any and all potential buyers. I recently took a two of my more motivated & loyal buyers out to look at both waterfront and non-waterfront homes on Miami Beach that are being poorly marketed. I was left standing in front of three (of six confirmed appointments) in front of homes where the agents failed to show up. In two of these cases, the agents called me THE NEXT DAY wanting to reschedule the showings!