Market Information
April 10, 2014
This has been a busy week for my team, with 6 new listings and more on the way! Take a look below for my new listings, and click on the photos for more information. 4855 Ponce De Leon Blvd, Coral Gables 590 Loretto Ave, Coral Gables 8120 SW 191 St, Cutler Bay 8890 SW 183 Terr, Palmetto Bay 8365 SW 183 Terr, Palmetto Bay 7355 SW 89 St Unit 417N, Toscano Condo
March 23, 2011
This week is Welcome Home Week, a statewide celebration of the benefits for home owning in Florida. The Sunshine state is attracting more buyers now than ever and it’s not just for our beaches, boating, and culture. Both foreigners and locals know it’s a great time to buy in South Florida with historically low prices and aggressive interest rates. This week you can expect to see lots of open houses, especially today and all throughout the weekend. Take a drive through your favorite neighborhoods and take a peek in some of these homes. Maybe you will find that right home at the right price you never dreamed you could own. Wednesday Open Houses- 12:00 p.m. – 2:00 p.m. We will be kicking off this TODAY with 2 open houses for 2 of our listings which we consider to be GREAT family homes in […]
February 11, 2011
If you will recall my recent post,“New listing in Pinecrest,” I just listed a 3 bedroom/ 2 bath home in Pinecrest last week. After 5 showings and 3 days on the market we had a signed contract in hand. It’s a wonderful house in a great location that I know will be the perfect home for it’s soon-to-be, new owners. This is just another indicator that the key to selling homes in this market is pricing. When you price a home at a higher price than the market can support chances are it will just remain stagnant on the market. Pricing a home realistically will help everyone save time, money and patience, in the end. If you are thinking of selling your home and would like to speak to me regarding the market, I would be […]
January 5, 2011
As you will recall in my recent blog, “What is a short sale?”, I explained the basics of short sales. Even though it is popular topic in the news, there is still a lot of mystery and gray area surrounding it. So, it’s easy for misinformation to spread. Today I want to clarify three myths I often hear. Myth #1 In a short sale situation, the bank owns the home. This is incorrect. That is the case with a foreclosure, which is when a lender has repossessed a home from the owner, as a result of continued loan default, and is selling it in order to recover their loss on the loan. A short sale is when a homeowner decides to sell their […]
December 15, 2010
I can’t tell you how many times I get this question from clients, family, collegues and various others in the course of a week. It is a relatively new concept, only really becoming popular within the last few years, and lately seems to be the situation with a good portion of my listings and those listings that buyers I am working with are interested in buying. A short sale occurs when a seller’s lender agrees to take a payoff for less than balance owed on their loan. Then they either forgive the remaining debt or ask the seller to pay back all or some of the debt, through a promissory note or cash contribution. When a seller chooses to sell […]
September 29, 2010
If you are considering selling your home the first question you must ask yourself is,”Am I serious about selling?” If the answer is “Yes” then I am sure you will want to attract buyers and receive the highest possible purchase price for your home. Pricing is crucial in today’s market. An over-priced home gives the impression that you are not serious about selling. Although, inventory is progressively decreasing there are still a lot of homes to choose from out there. Serious buyers are aware of this and are doing their homework before making their next big purchase. It is safe to say that an overpriced home will often be overlooked not only by these buyers, but by realtors. Many buyers grow tired and frustrated with available housing, […]
March 12, 2010
So you want to buy a home in Palmetto Bay… I just listed a house this week at 14500 SW 84 Court in Palmetto Bay and within the first few hours of it going live on the market we had two showings set up for that same day. It has 3 bedrooms and 2 bathrooms, plenty of living space including formal living/dining rooms. A large kitchen with tons of counterspace and an island with sink. Good sized bedrooms. Screened, partially covered patio and pool. Big yard with fruit trees. A garage with enclosed utility/laundry area. Great location. This house is just simply “comfortable,” a perfect family home. It appears that we are starting to notice a decrease in the inventory in this neighborhood and others nearby, meaning fewer homes […]
February 3, 2010
Almost everyone is curious about what is going on in the real estate market in Miami. That goes for residents and out-of-towners alike. And with the consistently changing market it’s important to stay on top of the housing market trends. The best way to do this is to look back over the past year and compare the numbers of today with those of 1 year ago: In December 2008 there were 14,988 single family homes for sale in Miami-Dade County. In December 2009 there were 8,271. That’s a 44.8% decrease in the amount of homes for sale. Looking at activity levels, for the end of 2008 there was an average of 625 sales per month compared to 807/month in 2009. […]
February 3, 2010
It’s a major incentive for buyers right now. Business Week published an article in December titled “If you don’t buy a house now, you’re stupid or broke.” The article basically noted the historically low interest rates we are now experiencing. Rates are currently around 5%, the lowest they’ve been in 40 years. Here’s a look back so that you can see where we’ve been… Average of 9% in the 1970s 10% in the 80s and early 90s 7-8% for much of the 90s 6% only over the last couple of years You have to understand the impact the rate has on purchasing a home. Every quarter point change is equivalent to approximately $6,000 for every $10,000 borrowed over the course of a […]