• 8 in Coral Gables.  Priced from $349,900 to $13,475,000
• 7 in Pinecrest.  Priced from $585,000 to $2,099,999
• 5 in Coconut Grove.  Priced from $450,000 to $1,300,000
• 3 in Miami Beach.  Priced from $399,900 – $8,650,000

Arches Enhance Entrance to Kitchen

According to floor plans obtained from the City of Coral Gables microfilm, this beautifully updated Old Spanish home was once a parsonage.   Built in the 1920′s but recently updated, it is the perfect combination of old world charm w/modern amenities. Marble floors, impact resistant windows, granite kitchen counters & updated bathrooms are the elegant finishes that compliment the Old Spanish design. The 1 bed/1 bath cottage is perfect as an office, guest room or gym.

• Tuesday -  S&P Case Shiller home price index:  this index tracks changes in the value of residential real estate at both a national level as well as in 20 metropolitan regions (Miami is one them).  Although it is calculated monthly and is released on the last Tuesday of every month, it is published with a two month lag.  Tuesday’s report will include values through December 2010.

• Wednesday – new home sales :  this report is based on a survey conducted by the U.S. Census Bureau that starts with the number of building permits authorized for single family homes .

• Thursday  – pending home sales :  this index is prepared by the National Association of Realtors (NAR).  Because this report looks a homes that are currently under contract, it gives a good picture of where the housing market is headed in the next couple of months.  Although many of the pending sales fall through due to a variety of reasons (buyer’s don’t qualify or they get impatient waiting for a bank to approve a short sale are the main reasons in today’s market), many of the sales will close thereby absorbing inventory.

As of today, pending home sales in Coral Gables currently stand at 72 (24 since 1/1/11) versus an inventory of 410 active listings (45 new listings since 1/1/11).

Pinecrest pending home sales are 30 (7 since 1/1/11) and active homes for sale are 196  (17 added since 1/1/11).

Another wine tasting a little further south at 9563 South Dixie Hwy:
L’Atelier Gourmet & AB Fine Wines

Come and have taste of a Chardonnay from Mendoza,
a 90 pts Robert Parker Ribera Del Duero, a Sauvignon blanc Pouilly Fume, and a wonderful Syrah Granche
from South of France.  While you are there, pick up some of the pastries for a late night snack.  Their macaroons are amazing!

These areas should be avoided from 7a.m – 12 p.m.  These are not all of the streets, so check the map.

In Coconut Grove:

• South Bayshore Drive
• Tigertail Avenue
• Oak Ave
• Grand Ave
• Main Highway
• Poinciana Avenue
• 37 Avenue from Ingraham Highway to Main Highway
• 42 Avenue  from Poinciana Ave to 72 Street/Sunset Dr.

In South Miami/South Gables:

• Sunset Drive from Cocoplum Circle to Ponce de Leon
• Ponce de Leon to SW 88 Street

In Pinecrest:

• SW 88 Street westbound lane from SW 57 Avenue to SW 67 Avenue
• SW 67 Avenue southbound lane to SW 120 Street
• SW 120 Street westbound lane to SW 82 Avenue
• SW 82 Avenue southbound lane to exit out of the Village at SW 136 Street
• Old Cutler Road/SW 57 Avenue northbound lane to exit into Coral Gables

In Palmetto Bay:

• SW 82 Ave to 168 Street
• SW 168 Street to 84 Ave
• SW 84 Ave to SW 174 Street
• SW 174 to SW 87 Ave