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Buying Luxury Real Estate Market Summary

Miami Open House Weekend 6-27-2010

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Buying

Wealthy Still Moving to Florida

Forbes’ article Where America’s Money is Moving states that 8 of the top 20 counties where the wealthiest residents are moving are in Florida. In addition to the weather, beaches, lifestyle, drastically reduced real estate, the fact that Florida does not have income taxes continues to make the state one of the top destinations for high income earners.

The number one destination was Collier County. Though most of the people moving there were from other parts of Florida, many also came from northern cities.

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Florida Life

Summer in South Florida

myphoto(31)Today is the officially the first day of summer, but since  school got out on June 8 and the humidity and summer showers arrived before then, I forgot we weren’t already well into it.  A pleasant sign of summer in South Florida is the Royal Poinciana.

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Market Summary

Miami Real Estate – Current Market Quick Facts

  • There are twice as many sales today than 2 years ago
  • There is 1/2 the inventory there was 2 years ago
  • The rental to sale ratio is about 50:50.  Normal is 25:75
  • EWM is selling a $1,000,000 property every 36 hours
  • 52% of EWM’s sales are cash
  • There are more $1,000,000 condos selling that $1,000,000 single family homes

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Freebies Things To Do

Matheson Hammock Park – A Great Place For Kids

Fun in the Sun
Fun in the Sun

Whether swimming to get cool, playing in the sand, fishing off the shore, catching little crabs with nets, watching the kite surfers, or lazing under the shade of the palm trees, this is a great place to spend the day with kids.

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Neighborhood News Pinecrest

Miami Palmetto Senior High School Has Another Great Year

As Miami-Dade County Public Schools wraps up their academic calendar and students get ready for their summer vacation that starts later this week, I am amazed at how rapidly another school year flew by.  My children are wrapping up their last years of high school and I am grateful that I live in a community that appreciates the difficulties the public schools are experiencing, both economically and because of increased competition, and steps up to the plate to assist.

Some of the achievements of Miami Palmetto Senior High School for the 2009-2010 school year, in no particular order:

  • 15 Silver Knight nominees, winners Noah Gray and Veronica Rigl, honorable mention Michael Grey
  • Athlete of the Year – Michael Saco for swimming
  • won the Class 6A All-Sports Trophy, given to the county’s top athletic program, for the fourth time in the past five years
  • Dade Scholar Athlete of the Year – Denizen Kocak
  • Principal of the Year recipient – Howard Weiner
  • 142 AP Scholars
  • 49 AP Scholars with Honor
  • 96 AP Scholars with Distinction
  • 26 National AP Scholars
  • State Championships for Boys Swimming, 1st place, Girls Bowling 3rd place, Boys Tennis, 4th place
  • All-District Honors Girl’s Lacrosse Team
  • Four National Merit Scholarship Award winners
  • National winners of the LG ecoMobilization High School Cell Phone Recycling cContest
  • Third place honors at the 2010 Florida Envirothon
  • Fairchild Challenge Educator of the Year – Pamela Shlachtman

“Miami Palmetto High School…superior students, an extraordinary education, all in your own backyard.”

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Neighborhood News Pinecrest

Pinecrest Pioneers Celebrate Birthdays at Pinecrest Gardens

Pinecrest Pioneers

Five Pinecrest Pioneers, Pinecrest residents that are 90 years young or over, celebrated their birthdays at a luncheon hosted by Pinecrest Mayor Cindy Lerner and sponsored by Whole Foods.  The Pioneers shared their stories of when and why they moved to Pinecrest and what has kept them here for 3 decades or more.  Many of their reasons for moving here are the same reason more recent residents have made the move:

  • size of yards
  • friendly neighborhood great for raising children
  • the public schools.

Their memories of what has changed:

  • addition of traffic lights on 67 ave.
  • a large bean field with crop dusting planes
  • an airport/landing strip
  • a pony rink where children would ride

Lori, with Whole Foods Catering, provided a beautiful lunch and birthday cake as well as flowers and goody bags for the Pioneeers.

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Buying Mortgage information

Mortgage Applications Decline to Lowest Level Since April, 1997

Despite the decrease in interest rates since April 30 of this year, mortgage applications for home purchase are down to the lowest rates since April 11, 1997.  The decrease is largely due to the expiration of the First Time Home Buyers Tax Credit.

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Neighborhood News Pinecrest

Miami Palmetto Senior High School Wins Principal of the Year!

Howard Weiner_small3Pinecrest is a popular place to live due to its great public schools.  Howard Weiner, Principal of Miami Palmetto Senior High School is one of the reasons this school continues to be a top draw for students and athletes.  It is wonderful to see him recognized by Miami Dade County Public Schools as Principal of the Year.

Congratulations on your well-deserved recognition, Mr. Weiner!

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Buying

Miami Dade Real Estate