South Florida Real Estate
Designed by Herzog and de Meuron, the Perez Art Museum Miami, is a beautiful new addition to Miami’s growing sophisticated skyline. Attendance is free for Miami-Dade residents this week.
The real estate sales continued to mount the week leading up to Art Week. Even though Thanksgiving coincided with Chanukah this year, our sales for a normally quiet week were over $24,000,000, just for our Coral Gables office. The highest residential sale was for the Pinecrest home pictured above.
We had a total of 18 residential sales, which includes single family and condo/town homes, one commercial sale, and 12 new listings.
November was a busy month in Pinecrest. There are currently 127 listings on the market, 18 of which were added to the MLS in November. There are a total of 42 listings under contract, 12 that went pending in November. 14 properties closed in November out of a total 227 sales to date for 2013. The highest sale for November is pictured above. It closed for $3.175 million. Coldwell Banker was the listing broker and EWM was the selling broker.
The highest priced sale so far this year was 6500 SW 98 Street, which was listed by the Campins Group and sold by Shelton and Associates.
Art, art everywhere is basically the theme for December. If you are visiting our beautiful city during Art Miami and Art Basel, take the time to visit some of our other art attractions. Since Art Miami runs December 3-8 and Art Basel runs the 5-8, I have added options on either end of those dates.
Art@TheJames – James Royal Palm Hotel, Miami Beach
December - Concrete Paradise Exhibit Coral Gables Museum
December - MDC Galleries of Art and Design, Miami
December 14 – Artists At Vizcaya
Or you can pull up Miami-Dade’s Art in Public Places map to see all of the places in Miami where you can see more art.
Our Coral Gables office had another great week with over $15 million in sales. Out of our 17 sales, four went for asking price and two went over asking. There were 17 new listings. For an overall market update, check out our video.
Our office had another incredible week, with a total of $50,208,640 in real estate sales. The bulk of that was for a vacant 1.74 acre lot at 301 SW 8 Street. It closed for $20 million. We also had several residential sales over $3 million. Overall, the number of sales were twice as many as new listings. We had 30 residential sales and only 15 new residential listings, further evidence that inventory is still tightening. Demand is high from buyers, and sellers are less likely to list going into the holiday seasons.
If you are planning on selling in 2014, consider putting your home on the market now, while the inventory is low. You will beat the rush of sellers that list their homes in the first part of the year.
Another banner week at EWM, with our Coral Gables office sales for the week totaling over $23,000,000 and our Miami Beach office totaling over $12,000,000!
EWM’s Gables office had 24 sales, with 7 going at or above asking, and 23 new listings, 6 of which are foreclosures.
Sales are going strong due to a still- limited inventory and strong demand from buyers trying to get into the market.
Okay, we are starting to get busy toward the end of November with Thanksgiving and all of December’s holidays, so here are 5 things to do in South Florida this month.
- Fairchild Ramble November 8-10 at Fairchild Tropical Gardens
- Vizcaya to North Grove Bicycle Tour November 11 at Vizcaya Museum and Gardens
- Seraphic Fire at First United Methodist Church November 16
- Miami Book Fair International November 17-24
- Masquerade Ball in the Gardens November 23 at Pinecrest Gardens