Tips to make your real estate buying experience a smooth one
Total sales (24) still outnumbered total new listings (11), which is to be expected in the middle of the holiday season. Buyers are still out in full force and are purchasing in all price ranges. The highest sale in our office was the home pictured below. It sold for $7,030,000 and was listed by EWM.
Total sales (24) still outnumbered total new listings (11), which is to be expected in the middle of the holiday season. Buyers are still out in full force and are purchasing in all price ranges. The highest sale in our office was the home pictured below. It sold for $7,030,000 and was listed by EWM.
Realty Trac’s November Foreclosure Market Report shows that foreclosure start in Florida dropped 18.02% from the previous month and a whopping 45.9% drop year-over-year; completions were down 2.72% month-to-month and 15.59% from previous year; and overall foreclosure activity was down 15% and 23% respectively.
These decreases show that the foreclosure crisis is almost over, but the Florida still leads the nation in foreclosures, with one in every 392 homes getting a foreclosure filing and Miami is one of the highest cities with foreclosures in Florida. There are currently 617 Miami-Dade foreclosed homes listed on the MLS.
Okay, it is another beautiful, hot, Miami day in December with lots going on. If you are not busy and are looking for a new home for 2014, take a look at some of these open houses in the Village of Pinecrest.
One of my favorites, is the house pictured below. It is a 1926 Old Spanish style home on a lushly landscaped corner lot. It is also one of the few homes in Pinecrest with a separate guest house.
Although all real estate is local, this Bloomberg Report with Jeff Taylor, Managing Partner of Digital Risk, sums up the overall U.S. new housing numbers, current mortgage rates and lending practices, and provides a glimpse of mortgage lending criteria in the near future.
Our Coral Gables office had another great week with over $15 million in sales. Out of our 17 sales, four went for asking price and two went over asking. There were 17 new listings. For an overall market update, check out our video.
Our office had another incredible week, with a total of $50,208,640 in real estate sales. The bulk of that was for a vacant 1.74 acre lot at 301 SW 8 Street. It closed for $20 million. We also had several residential sales over $3 million. Overall, the number of sales were twice as many as new listings. We had 30 residential sales and only 15 new residential listings, further evidence that inventory is still tightening. Demand is high from buyers, and sellers are less likely to list going into the holiday seasons.
If you are planning on selling in 2014, consider putting your home on the market now, while the inventory is low. You will beat the rush of sellers that list their homes in the first part of the year.
Our office had another incredible week, with a total of $50,208,640 in real estate sales. The bulk of that was for a vacant 1.74 acre lot at 301 SW 8 Street. It closed for $20 million. We also had several residential sales over $3 million. Overall, the number of sales were twice as many as new listings. We had 30 residential sales and only 15 new residential listings, further evidence that inventory is still tightening. Demand is high from buyers, and sellers are less likely to list going into the holiday seasons.
If you are planning on selling in 2014, consider putting your home on the market now, while the inventory is low. You will beat the rush of sellers that list their homes in the first part of the year.
Another banner week at EWM, with our Coral Gables office sales for the week totaling over $23,000,000 and our Miami Beach office totaling over $12,000,000!
EWM’s Gables office had 24 sales, with 7 going at or above asking, and 23 new listings, 6 of which are foreclosures.
Sales are going strong due to a still- limited inventory and strong demand from buyers trying to get into the market.
The lack of inventory in Miami’s real estate market resulted in 5 of EWM’s Coral Gables’ office sales going under contract for above asking and 2 going at asking this week. Considering we had 17 sales, that bodes pretty well for well-priced listings that are about ready to come on the market.