ILoveSoFla.com » Coconut Grove

Lokal: Great Burgers in Grove

jenniferwollmann — Thu, 19 Jan 2012 13:37:07 +0000

Lokal, a great burger and beer joint that specializes in food using local (get it?) produce and ingredients and features microbrews, is having their grand opening tonight from 5-7. Follow on Facebook

Free Things To Do In Miami: King Mango Strut

jenniferwollmann — Sat, 31 Dec 2011 12:36:27 +0000

The King Mango Strut is today at 2:00 p.m. In downtown Coconut Grove. An irreverent parade with themes plucked out of the year’s headlines, the Strut is sure to make you laugh. I have been a faithful attendee since I saw the “Bobbit Brigade” years ago…I still get a chuckle out of that one.

Coconut Grove, FL Real Estate – Market Summary

jenniferwollmann — Mon, 07 Feb 2011 16:45:29 +0000

Market information from the Multiple Listing Service for single family homes for the month of January are as follows:

Closed sales: 8. None were short sales, 7 were REOs. 5 were cash sales.
Price range of closed sales: $565,000 – $48,000
Pending sales: 12. 2 short sales, 1 REO
Price range of pending sales: $2.39 million – $57,900
Active listings: 176. 18 short sales, 5 REOs
Price range of active listings: $16.9 million – $49,900 (no, I didn’t forget a zero!)

Distressed sales made up less of the sales going to contract in January, but made up the majority of closed sales. the actual closings for the month are of regular sales. Based on the number of active listings, distressed sales make up 13% of the market.

What does this mean if you are a buyer? Based on the number of active listings to closed sales, there is still a lot of inventory to work through, so it is still a buyers market. Once you narrow down your price range and specifications however, there won’t be as much to choose from, so use the statistics and market information to negotiate your price. If the house you like is a regular sale and it is priced right, you won’t have as much room to negotiate as you will on one that is overpriced. Cash was king in the distressed sales for January, so if you are going in with financing, make sure you have a very tight offer, including your pre-approval letter for a mortgage, a realistic deposit, and good timing for inspections and other due diligence.

What does this mean if you are a seller? You have a lot of competition so price really does matter, especially in the higher price ranges (84 of the current active listings are over $1,000,000, but the highest closed sale for January was under $600,000). Look at the active sales that most closely match your home in terms of size, location, updates, lot size, amenities. Consider pricing it 10-15% below your closest competition, make sure it has great curb appeal, and de-clutter and freshen up the inside with some elbow grease and a fresh coat of neutral paint. The good news is that if your house is priced right compared to your competition, it will sell.

Ironman Triathalon Coming to Miami

jenniferwollmann — Wed, 27 Oct 2010 20:30:44 +0000

Click here to view the embedded video.The Rohto Ironman 70.3 is coming to Miami this Saturday, October 30. The event will mean street closures and increased traffic so be prepared. The biking portion will affect the most areas. Let’s be hospitable to these incredible athletes, share the road, and be patient!

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

Miami Real Estate – Single Family Homes 4th Quarter Market Update

jenniferwollmann — Sat, 09 Jan 2010 21:31:03 +0000

Below is a quick snap shot of what the real estate market for single family homes looked like for the fourth quarter of 2009. These numbers are derived from the Multiple Listing Service and though they do not include For Sale By Owners and anything not listed on the MLS, they are indicative of what is going on in our local markets. The closed sales may be slightly underestimated due to the lag time in posting the sale in the MLS.

Coconut Grove

Closed Sales: 23. 5 short sales, 3 REO. None of the closings in December were Short Sales or REO. Highest Sales Price: $2.2 million. Highest Price/Square Foot: $437.98. Lowest Sales Price: $154,900. Lowest Price/Square Foot: $82.97
Pending Sales: 22, 14 of which went pending in the fourth quarter.
Active Listings: 165, down from 217 at end of Sept. Highest List Price: $18 million. Lowest List Price: $65,900.

Coral Gables

Closed Sales: 101. 6 short sales, 10 REOs. Highest Sales Price: $5.15 million. Lowest Sales Price: $250,000.
Pending Sales: 74
Active Listings: 421, down from 450 at the end of the third quarter. Highest List Price: $49.5 million. Lowest List Price: $89,500

Key Biscayne

Closed Sales: 13. 0 short sales, 1 REO. Highest Sales Price: $6.15 million. Lowest Sales Price: $820,000.
Pending Sales: 3.
Active Listings: 122. Highest List Price: $24.950 million. Lowest List Price: $985,000.

Miami Beach

Closed Sales: 41. 5 short sales, 7 REOs. Highest Sales Price: $9.75 million. Lowest Sales Price: $240,000
Pending Sales: 53
Active Listings: 380. Highest List Price: $29.9 million. Lowest List Price: $181,000.

Palmetto Bay

Closed Sales: 42. 8 short sale, 4 REO. Highest Sales Price: $1.45 million. Lowest Sales Price: $140,000.
Pending Sales: 63
Active Listings: 139. Highest List Price: $2.85 million. Lowest List Price: $165,000.

Pinecrest

Closed Sales: 45. 4 short sale and 5 REOs. Highest Sales Price: $3.5 million. Lowest Sales Price: $236,000.
Pending Sales: 29
Active Listings: 199. Highest List Price: $5.9 million. Lowest List Price: $265,000.

South Miami

Closed Sales: 24. 3 short sales, 9 REO. Highest Sales Price: $870,000. Lowest Sales Price: $87,500.
Pending Sales: 21
Active Listings: 71. Highest List Price: $1.899 million. Lowest List Price: $57,270.

New Year’s Weekend 2010

jenniferwollmann — Wed, 30 Dec 2009 12:05:00 +0000

In case you are planning to party the entire New Year’s weekend, you may want to consider taking in The Coconut Grove Art Stroll on January 2, 2010 from 7-11 p.m. It promises to be fun but not too high key if you are still recovering from the 31st.

Coconut Grove Art Stroll

jenniferwollmann — Fri, 04 Dec 2009 12:56:15 +0000

I know Art Basel isn’t quite over, but if you want to see local art, join in the Coconut Grove Art Stroll tomorrow night from 7-11 pm.

Miami Real Estate – Single Family Homes Market Summary

jenniferwollmann — Fri, 06 Nov 2009 19:20:38 +0000

Below is a quick snap shot of what the real estate market for single family homes looked like in October. These numbers are derived from the Multiple Listing Service and though they do not include For Sale By Owners and anything not listed on the MLS, they are indicative of what is going on in our local markets. The closed sales may be slightly underestimated due to the lag time in posting the sale in the MLS.

Coconut Grove

Closed Sales: 14. 3 short sales, 1 REO. Highest Sales Price: $1.7 million. Lowest Sales Price: $154,900.
Pending Sales: 22
Active Listings: 177 down from 217 at end of Sept. Highest List Price: $18 million. Lowest List Price: $65,900.
Summary: Inventory is down from the end of the third quarter.

Coral Gables

Closed Sales: 33. 1 short sales, 2 REOs. Highest Sales Price: $5.15 million. Lowest Sales Price: $358,000.
Pending Sales: 89
Active Listings: 432. Highest List Price: $49.5 million. Lowest List Price: $235,000
Summary: Inventory decreased to 432 down from 450 at the end of the third quarter. The number of closed sales that were short sales or REOs are down significantly from the end of the third quarter, when there were 11 each closed short sales and REOs.

Key Biscayne

Closed Sales: 3. 0 short sales, 1 REO. Highest Sales Price: $3.5 million. Lowest Sales Price: $820,000.
Pending Sales: 4.
Active Listings: 129. Highest List Price: $24.950 million. Lowest List Price: $789,000.
Summary: Sales are down, inventory is the same as of the end of the third quarter.

Miami Beach

Closed Sales: 13. No short sales, 4 REOs. Highest Sales Price: $9.7 million. Lowest Sales Price: $240,000
Pending Sales: 53
Active Listings: 380. Highest List Price: $29.9 million. Lowest List Price: $200,000.
Summary: Inventory has decreased slightly. The number of closings that were short sales or REOs have decreased significantly since the end of last quarter.

Palmetto Bay

Closed Sales: 6. 1 short sale, 1 REO. Highest Sales Price: $625,00. Lowest Sales Price: $142,600.
Pending Sales: 52
Active Listings: 154. Highest List Price: $2.85 million. Lowest List Price: $155,000.
Summary: The number of closed sales due to short sales is down significantly from the end of September.

Pinecrest

Closed Sales: 14. 1 short sale and 2 REOs. Highest Sales Price: $2.6 million. Lowest Sales Price: $419,000.
Pending Sales: 35
Active Listings: 211. Highest List Price: $5.9 million. Lowest List Price: $349,000.
Summary: Although the inventory in Pinecrest decreased slightly from 227 at the end of September to 210 at the end of October, the current inventory level divided by the number of sales closed in October result in a 15 month supply of properties. The median price of current listings is $1.395 million and 30% of the listings are over $2 million.

South Miami

Closed Sales: 3. 0 short sales, 1 REO. Highest Sales Price: $325,000. Lowest Sales Price: $266,000.
Pending Sales: 30
Active Listings: 68. Highest List Price: $1.880 million. Lowest List Price: $62,300.
Summary: The number of closed sales is down slightly from the second quarter, which had 28 closed sales. Inventory is up from 28 at the end of June.

Miami Real Estate – Third Quarter Market Update – Single Family Homes

Jennifer Wollmann — Sun, 04 Oct 2009 16:56:33 +0000

Below is a quick snap shot of what the real estate market looked like after the third quarter. These numbers are derived from the Multiple Listing Service and though they do not include For Sale By Owners and anything not listed on the MLS, they are indicative of what is going on in our local markets. The closed sales may be slightly underestimated due to the lag time in posting the sale in the MLS.

Coconut Grove

Closed Sales: 36. 3 short sales, 7 REOs. Highest Sales Price: $1.55 million. Lowest Sales Price: $50,000.
Pending Sales: 28
Active Listings: 215. Highest List Price: $18 million. Lowest List Price: $79,900.
Summary: The number of closed sales and inventory are up from the second quarter.

Coral Gables

Closed Sales: 93. 11 short sales, 11 REOs. Highest Sales Price: $5.5 million. Lowest Sales Price: $124,000.
Pending Sales: 88
Active Listings: 450. Highest List Price: $49.5 million. Lowest List Price: $189,000
Summary: Both the number of sales (93 up from 82) and the inventory (450 up from 278) are up in the third quarter as compared to the second quarter of 2009. In both quarters, over half of the sales were listed under $600,000.

Key Biscayne

Closed Sales: 9. No short sales, 1 REO. Highest Sales Price: $3.75 million. Lowest Sales Price: $780,000.
Pending Sales: None.
Active Listings: 129. Highest List Price: $24.950 million. Lowest List Price: $945,000.
Summary: Sales are down, inventory is up and there are currently no pending sales.

Miami Beach

Closed Sales: 51. 6 short sales, 11 REOs. Highest Sales Price: $9.5 million. Lowest Sales Price: $141,750
Pending Sales: 57
Active Listings: 391. Highest List Price: $29.9 million. Lowest List Price: $200,000.
Summary: Inventory has increased from 264 at the end of the second quarter, while sales have remained at about the same from the second quarter’s 53.

Palmetto Bay

Closed Sales: 64. 4 short sales, 10 REOs. Highest Sales Price: $1.4 million. Lowest Sales Price: $125,000.
Pending Sales: 46
Active Listings: 159. Highest List Price: $2.85 million. Lowest List Price: $155,000.
Summary: The number of sales between the second and third quarter have remained relatively the same. The inventory has increased from 92 in the second quarter up to 159 in the third.

Pinecrest

Closed Sales: 53. 2 short sales and 2 REOs. Highest Sales Price: $3.3 million. Lowest Sales Price: $283,000.
Pending Sales: 32
Active Listings: 227. Highest List Price: $5.9 million. Lowest List Price: $369,000.
Summary: Both the number of sales (53 up from 50) and the inventory (227 up from 143) are up in the third quarter as compared to the second quarter of 2009.

South Miami

Closed Sales: 22. 8 short sales, 8 REOs. Highest Sales Price: $1.3million. Lowest Sales Price: $20,000.
Pending Sales: 22
Active Listings: 66. Highest List Price: $1.880 million. Lowest List Price: $72,300.
Summary: The number of closed sales is down slightly from the second quarter, which had 28 closed sales. Inventory is up from 28 at the end of June.

3 Reasons To Rent At 100 Edgewater Dr., #333, Coral Gables, FL

jenniferwollmann — Sat, 04 Apr 2009 02:08:15 +0000

Location, Location, Location: I only counted this once even though this apartment is 5 minutes to downtown Coral Gables, Coconut Grove, University of Miami, and South Miami; 10 minutes to the University of Miami, Baptist and Mercy Hospitals, downtown Miami, 20 minutes to Key Biscayne and South Beach, Miami International Airport.
Great layout. There is no wasted space in this condo. Good size living/dining area, large bedroom with walk-in closet and second closet.
Relaxing. Whether sitting on the balcony overlooking the garden or lounging in the huge pool or deck overlooking the Coral Gables Waterway, you feel like you are miles away from the mainland (even though, as mentioned in #1 above, you are close to everything).