Another Amazing Week At EWM's Coral Gables/South Miami Office

Last week we did over $21,000,000 in sales.  This week  was over $17,500,000  with 32 sales and only 14 new listings.  Inventory in Miami-Dade is decreasing steadily, as illustrated in the graph below.  Inventory is even tighter once you start looking in a specific price range and community.               […]

Buying, Investment Real Estate, Market Summary, Selling
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Another Amazing Week At EWM’s Coral Gables/South Miami Office

Last week we did over $21,000,000 in sales.  This week  was over $17,500,000  with 32 sales and only 14 new listings.  Inventory in Miami-Dade is decreasing steadily, as illustrated in the graph below.  Inventory is even tighter once you start looking in a specific price range and community.               […]

Buying, Investment Real Estate, Market Summary, Selling
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Thinking of Buying Real Estate For Your Children?

I started receiving graduation announcements from friends’ children and my own son will be graduating in May.  With all that is going on in the economy, I started thinking that maybe my husband and I should buy real estate that one of our three children could eventually live in.  If you consider how much properties, […]

Buying, Investment Real Estate
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Is Renting a Temporary, Short Term Trend or Part of the New Normal?

Rents are tight in most markets and, due to the numbers of foreclosures, short sales, and number of people who have lost their jobs or have had their work  hours decreased, the trend is expected to continue at least for the short term.  However, Jim Woodard predicts this is a temporary trend. If you are a […]

Buying, Investment Real Estate, Renting in Miami
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How Important Is the Mortgage Interest Deduction to You?

Tom Kelly addressed the issue of the mortgage interest deduction going away.  Many argue that it is one way of raising taxes and decreasing the bulging federal deficit.  What do you think? Related blog: Mortgage Interest Deduction: Should It Be Phased Out?

Buying, Investment Real Estate
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Mortgage Interest Deduction: Should It Be Phased Out?

Well disappointingly, but not suprisingly, the Congressional “Super Committee” failed to come up with a plan to reduce the Federal deficit. The fact that the deficit needs to be reduced and there were no new proposals on the table of how to go about doing so, got me to thinking about some of the original […]

Buying, Investment Real Estate, Selling
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Thinking About Investing in Miami Real Estate?

I attended the Realtors Commercial Alliance’s Super Conference today and wanted to share some of the things I heard that may help you decide whether or  not now is the time to invest in real estate. Dr. Randy Anderson, the Howard Phillips Eminent Scholar Chair at the University of Central Florida: pointed out that no other asset […]

Buying, Commercial Real Estate, Investment Real Estate
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Investors Are Taking A Bite Out Of Inventory

I had a buyer call me today wanting to buy a 2 bedroom 2 bath in Kings Creek for under $90,000.  I told her there weren’t any on the market in that price range at the moment.  She responded, “What happened to all of the inventory”?  I explained that investors were snapping up the lower […]

Buying, Investment Real Estate, Selling
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San Jose Island, Panama: How Big is 11,000 Acres?

Okay, I have already posted that it is twice the size of Key West, but maybe that is still hard to put into perspective.  So, I will compare it in size to other famous islands.   Using AskNumbers.com conversion table, I came up with the following: Cayman Brac: 14 square miles =8,960 acres Little Cayman: 10 square miles = […]

Commercial Real Estate, Investment Real Estate, Luxury Real Estate, Selling
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Miami Real Estate: The Market is Changing

If this week’s sales vs listings in just one of EWM’s offices is any indication, the market is changing.  Our Coral Gables office had 37 residential sales versus 10 new listings and 27 leases vs 8 new rentals.  Our total for this week, which include the sale of a commercial property was almost $35,000,000.  This […]

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