A recent Forbes article rated Coral Gables, FL as one of the fastest moving luxury neighborhoods in terms of days on market.  Forbes’ rating system, which is based on the 500 most expensive zip codes,  is better than other housing indexes which cover too broad of an area to give an accurate picture of what […]

The Miami Herald posted an article that Broward’s housing market is close to bottoming out, even though prices in both Broward and Miami-Dade counties continue to slide.  The article was correct in predicting that Broward will rebound faster mainly because: 1) Miami’s inventory was higher than Broward’s to begin with.  Last year at this time, […]

The Miami Herald posted an article that Broward’s housing market is close to bottoming out, even though prices in both Broward and Miami-Dade counties continue to slide.  The article was correct in predicting that Broward will rebound faster mainly because: 1) Miami’s inventory was higher than Broward’s to begin with.  Last year at this time, […]

An Associated Press article last week highlights opportunities in commerical real estate.  Whereas many economists are predicting that the housing market is at or close to bottom, the commercial sector is just starting to see massive defaults.  A skyscraper in New York that was purchased for approximately $50o million in 2006 just sold for $100,000!  […]

Could it be?  While it is too early to say for sure, there are definitely signs that real estate market in Miami-Dade County may be turning.   As I have said before, this recovery is going to be location and building specific, meaning some are going to recover faster and with less overall price decreases than […]

The Village of Pinecrest was just rated the 10th most expensive suburb to live by Business Week. The most expensive suburb in each of the 52 states were chosen based on: cost of living median home price property taxes mortgage and utilities The article acknowledges that what contributes to the popularity and expense of these […]

Wow, EWM’s Coral Gables office alone had over $24,000,000 worth of transactions this week!  Does this mean the market has finally reached bottom?  Not necessarily, but if we are not there yet in terms of prices,  I think we are in terms of the decrease in sales.  Put in perspective, the lowest level of inventory […]

Chinese drywall could be present in your home if it was built or extensively remodeled between 2004 and 2008.  Due to the building boom and major hurricane damage during those years, drywall had to be imported for the first time.  Unfortunately, Chinese drywall has high levels of chemicals that we do not find in drywall […]

During the first quarter of 2009 there has been very little change in the inventory of single family homes in Pinecrest listed on the MLS.  Sales also seem to be moving to closing slowly, but the trending increase in pending sales gives me hope that Pinecrest’s real estate market will start moving the way of […]

Unlike the television show, Numb3rs, I am not going to get into any fancy or complicated formulas.  I am just going to state the real estate numbers for Miami-Dade County as of the end of the first quarter of 2009.  You can use them to make your purchasing or selling decisions, to get a glimpse […]