Real Estate
August 2, 2022
Heading south on US-1 has been a growing trend in real estate for the past couple of years. Because of this, the state of the real estate market in Palmetto Bay and Pinecrest has been leaning heavily towards the sellers since early 2020. Now, as interest rates are rising, what’s most interesting is how little has changed. Currently, there are 112 properties for sale in Pinecrest and 91 in Palmetto Bay. Housing Inventory in Palmetto Bay & Pinecrest The level of inventory is up from last year, but still well below pre-COVID levels of inventory (low inventory typically drives up prices). Homes in Palmetto Bay are currently selling with a median sale price of $1,017,000and Pinecrest homes are going for a median price of $2,623,000. These are both still […]
July 12, 2022
Real estate is always about location. Neighborhoods are – in a way – defined by their surrounding schools. There is a strong correlation between the quality of the schools nearby and the demand for homes within a given neighborhood (read more about that here. This is why it’s crucial to do your research on districts when house hunting. Even if you don’t have kids, school districts should still be carefully considered when buying a home. Commute Times Near Schools in Miami When looking at a home near schools, we always encourage our clients to check out the neighborhood during drop-off and pick-up times. If you don’t have kids, you may discover that certain streets are not ideal due to school-related traffic. […]
June 7, 2022
It’s no surprise Miami attracts people from all over the world – the beautiful waters and sunny weather make for the perfect place to settle into a vacation home (or a forever home!) If you’re looking for a vacation property in South Florida, here are some recommendations for top areas to begin your search: Miami Beach A fashion and entertainment capital, playground for celebrities, and oasis for travelers, Miami Beach is the ultimate vacation destination. From 5-star restaurants to gorgeous beaches, there is an unending variety of attractions that will leave visitors and vacationers wanting more. The area is the perfect combination of luxurious and fun. Most vacationers and beach lovers prefer to walk or ride a bike as their main mode of transportation – and with […]
May 10, 2022
Miami real estate has whatever you are looking for (unless you’re looking for mountains) and can suit just about anyone’s taste. From the beautiful ocean views to the rich culture that inhabits every nook and cranny, Miami has earned its global city status. While it is no secret that the palm tree-laden paradise is a sought-after destination – even more sought-after since COVID – many people come here because of the exceptional neighborhoods, towns, and suburbs most tourists don’t often hear about. To describe all of Miami-Dade County succinctly is pretty much impossible, which is why we would much prefer to show you: 4340 SW 10 STMIAMI, FL 33134 $999,000 Beds: 3 Baths: 1 Sq. Ft.: 1,098 Restore this gem to […]
April 26, 2022
It can’t be stressed enough – if you’re buying a home, knowing what financing you can qualify for is the first step to getting the house you really want. One of the worst sensations (especially in this market) is to find your dream home, get your offer accepted…only to lose it when the financing falls through. If you are planning to get a mortgage to finance your new home purchase, getting pre-approved (not just pre-qualified) is an essential step to not only get the result you want, but also to line you up to get your offer accepted. Here’s our take on why it’s so important to be pre-approved for a mortgage when buying a home: First, You Don’t Need […]
April 19, 2022
We’ve said it before, but location really is the most important quality in real estate. This is true regardless of property size or square footage. Where you live truly does affect so many aspects of your living experience, so it’s no surprise that selecting the right location is one of the most important components of your home search. Location Affects Your Lifestyle It’s crucial to consider your daily quality of life and needs – are you an active person who wants to be close to trails or running routes? Do you prefer to have a larger yard with room to entertain or have a pool? Your neighborhood should offer you access to these important lifestyle needs or aspirations. School Districts […]
April 12, 2022
Buying a home will probably be the most important financial decision you will make in your life – if that doesn’t put the pressure on to get it right, we don’t know what does! Unsurprisingly, home-buying will stir up some serious stress – which just isn’t good for anyone making a big decision. Even in a competitive market like South Florida’s, you can still get ahead of the curve and alleviate any built-up stress with a sound strategy, an experienced realtor, and a few key items in-place. Find the Right Realtor Anyone in the market for a new home can benefit from hiring an experienced realtor, especially first time home-buyers. Realtors are going to save you a lot of time, stress, and […]
March 29, 2022
When looking to buy or sell a property, one of the first things to consider is what the comps are for recent sales in the area. As for Miami, the numbers still show a seller’s market. In Palmetto Bay specifically, we’re seeing very little supply – only about 40 active listings ranging from 3 bedroom homes in the mid $400s near US-1 to estates abutting the Deering Nature Preserve asking $2,500,000. Recent sales have mostly ranged from $325 a square foot to $375 a square foot. The median listing home price is sitting right around $875,000 in early 2022, which is up over 29% in the last 12 months. Homes in Palmetto Bay have been selling right around asking price in […]
March 22, 2022
For what seems like time immemorial, the world over has been looking to invest in waterfront condos in Miami. And the truth is there is a valid reason, so much so that we tend to split Miami’s real estate market into segments – single family homes and condos – and see demand for one segment really doesn’t affect the other. In fact, political instability abroad and the strength of the dollar are important factors to consider when looking at Miami condos. If you’re looking for a short answer, yes – condos are a good investment in Miami. However, like anything in real estate, there are many factors you should consider before diving into a serious investment. Here are some of […]