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Archive for the 'Neighborhood News' Category
Food Glorious Food….
Modern Meals: Remaking American Foods from Farm to Kitchen now through December 31 at the Frost Museum
Fairchild Edible Garden Festival October 22 & 23
Pinecrest Farmers Market Every Sunday
University of Miami Food Day October 24
Smarty Dogs Spotted Throughout Pinecrest
In an earlier post I mentioned the Village of Pinecrest’s art in public places campaign to raise money for the public schools in Pinecrest. Please consider joining the other sponsors and sponsor a dog. Stay tuned for future blogs regarding Smarty Dogs and other art in public places.
Smarty Dogs at the Pinecrest Community Center
Smarty Dogs To Benefit Pinecrest Schools
- Smarty Dog at Pinecrest Gardens
Smarty Dogs are popping up all over Pinecrest. It is an art in public places campaign that is being promoted to raise funds for the public schools in the Village of Pinecrest. If you or your company would like to sponsor one of the dogs, there is still time. The dogs will be auctioned off in March of 2012.
6960 SW 96 Street
High ceilings and an plenty of windows make this home spacious and bright
This wonderfully spacious home with a great floorplan and lots of natural light is available in north Pinecrest. In addition to being in one of the top locations in Miami-Dade County for both public and private schools, it has convenient access to shops, restaurants, the metro rail and U.S. 1.
Canyon Ranch Grill – Where’s JWo Answer
- Canyon Ranch Grill, Miami
The answer to my Where’s JWo post on 8-3-2011, is the Canyon Ranch Grill at the beautiful Canyon Ranch Hotel and Spa on Miami Beach. Once home to the Carillon Hotel, an epitome of the Miami Modern style of many of the Collins Avenue hotels in the 1950′s and ’60′s, Canyon Ranch is a restored, expanded and updated luxurious destination.
How Walker Friendly is Your Home?
Miami just ranked 8, with a score of 72.5, in a walkability scoring of the 50 largest cities in the U.S. Having moved from San Francisco, ranked 2 with a walkability score of 84.9, I decided to check out my home’s walk score. I live in Pinecrest, a suburb, so I wasn’t too surprised to find out that my walk score was pretty dismal at 22. Not all areas of Pinecrest would score that low. If your home is in the western portion of Pinecrest, which is a lot closer to shops and U.S. 1, your home would score much higher.
Recent studies throughout the country have shown that more people want to give up commuting, and the accompanying high gas bills, and live in more walker friendly neighborhoods. So, what is your home’s walk score?
Free Things To Do In Miami: Photography Class
All below was taken directly from the Pinecrest Gardens, Garden Gossip Newsletter.
Miami in Bloom
Photography for the Rest of Us, Tuesday, July 26 at 7:00 p.m.
A Free Photography Workshop
The Photography For The Rest of Us workshop was developed to teach the basics of digital photography. The goal is simple: to make a better photographer out of every person we can reach out to, no matter which camera you own.
In this fun and informative workshop, you’ll learn the basics about composition, use of flash, the shooting modes almost every camera offers and much more. The instructor, Ed Schneider, also the founder of Photography4us, is a professional award-wining photographer whose goal is to help you understand and enjoy taking photos. Ed’s experience and candid approach can virtually guarantee this event will change forever the way you take photos.
Thanks to a collaborative effort from Kendall Camera Club and The Village of Pinecrest, this is a rare opportunity to see Ed Schneider speak at an open event free of charge. Seats are limited. Register today for the Photography For The Rest of Us workshop.
Miami Real Estate: New Single Family Home Listings
New single family homes listed since July 1.
- 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
Pinecrest Real Estate – Market Summary for Single Family Homes
How does the housing market look in Pinecrest half way through 2011? Below are the numbers for single family homes. Note that all of these are going to change a little due to status changes that happen at the end of the month, but are not updated in the MLS until the following month. As of 6/30/2011:
- Closed sales: 90. Low of $270,000, high of $4,000,000. 7 were bankowned (REO), 10 are short sales or approximately 19% distressed sales. 57 closed in the second quarter.
- Pending sales: 48. Low of $265,000, high of $2,150,000. 3 are REO, 17 are short sales. Almost 42% are distressed sales.
- Active sales: 160. Low of $269,900, high of $5,000,000 ($4,999,999 to be exact!). 3 are REOs. 14 are short sales. Only 11% distressed listings. 64 were listed in the second quarter.
What does this mean if you are a seller? If you want to sell your home during the end of the summer buying season, drop your price now. Homes are selling and people are still looking to buy in Pinecrest because of the quality of the public and private schools, parks, and good size lots. If your home needs a lot of work, you are going to have to drop the price even further. Buyers are looking for homes that need minimal updates. If you don’t drop your price now, you are going to have to drop it even further come the beginning of the school year.
If you are a buyer, the numbers mean there aren’t as many “deals” in terms of short sales and foreclosures. Those that are on the market, are priced well, and in reasonably good shape are going to have multiple offers, because there are fewer of them. If you are financing your purchase, you are better off using the numbers to make an offer on a well priced, non-distressed listing.
Miami Beach Real Estate: Market Summary for Single Family Homes
We are half way through the year and the market has been moving. Sales are up, mostly due to lower prices. As of June 30, the single family home market in Miami Beach for the year so far is as follows:
Closed sales: 94. Low of $190,000 to a high of $25,500,000. 9 of the closed sales were foreclosures, 6 were short sales. Only 16% were distressed sales. 49 closed in the second quarter.
- Pending sales: 57. Low $200,000 to a high of $14,900,00. 2 of the pending sales are foreclosures, 23 are short sales. Almost 44% distressed. 21 went pending in the second quarter.
- Active sales: 282. Low of $205,900,high of $49,995,000. 16 are short sales, 1 is a foreclosure. Only 6% distressed. 76 of the active sales were listed in the second quarter.
What does this mean if you are a seller? The good news is that the majority of the closed sales are not distressed sales. If you are priced right for a buyer’s market, you have a closing window of opportunity to sell at a higher price than you will get later this year. I think prices of active listings are going to come down as we come closer to the end of the summer buying season.
What does this mean if you are a buyer? Many buyers are still looking for a “deal” without realizing that they are already looking at one. Just because a property is not a foreclosure or a short sale, does not mean it is not a good deal. A lot of sellers have come down significantly in their pricing, in large part due to the pressure of distressed properties on the market. As the distressed properties listed for sale decrease, they become less of a factor on the overall market. If you are financing your property and only looking at distressed sales, you are going to have even more frustration as you are competing with cash buyers.
Note: These numbers are going to change a bit due to fluctuations at the end of the month when a lot of properties status changes, but those changes don’t get recorded in the MLS until the following month.
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