Miami Real Estate Update: EWM’s Coral Gables Office Sold Over $50 Million This Week!

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 […]

Buying, Market Summary, Selling
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Miami Real Estate Market Weekly Update

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- […]

Buying, Foreclosures, Market Summary, Pinecrest, Selling
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Miami Real Estate: Lack Of Inventory Makes For Aggressive Offers

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.

Buying, Selling
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Beautiful Water Views From 1331 Brickell Bay Drive Unit 9

Unobstructed water views from this spectacular unit, which has been professionally designed by Adriana Hoyos.  Enter your private foyer directly from the elevator, open your front door and water views greet you.  The spacious unit includes two bedrooms, a den, 3 full baths, large kitchen with built-in Miele coffee maker, wine refrigerator, Subzero, and laundry […]

Brickell/Downtown Miami, Buying, Luxury Real Estate
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How Will The New Flood Insurance Reform Changes Affect You

Several changes to the previously government subsidized flood insurance program will affect you.  If you are staying in your home: If your flood zone is in any A or V zone, including AE, AB, AH, your flood insurance premiums will be increasing 25% per year until the premiums come in line with the actual flood […]

Buying, Selling
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Pinecrest Homes For Sale: Market Update

We are already half way through October and almost at the end of the year.  2013 will probably break another record in terms of the number of real estate sales we have had in Miami-Dade County.  A quick snapshot of the Pinecrest real estate market shows the following: 205 single family homes have closed since […]

Buying, Luxury Real Estate, Market Summary, Pinecrest, Selling
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Going Green In Your New Construction? First Step Should Be Protecting Existing Trees

Well, it finally happened.  My neighbor has sold his home on a beautiful, tree-lined, deep lot in north Pinecrest.  It is not quite an acre, but I am guessing a huge home will be going up on the site.  I hope I am wrong and that our soon-to-be-new-neighbor will appreciate all of the wildlife their […]

Buying, Environmental, Home Improvement, Neighborhood News, Pinecrest
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Pinecrest Real Estate Market Update

These numbers include all of the listings posted in the MLS through August.  A search of the MLS for September shows 24 new listings in Pinecrest ranging from $599,000 up to $3.9 million, no closed sales, and 8 pending sales.

Buying, Market Summary, Selling
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New Insurance Factors To Consider When Buying Your Home

A couple of weeks ago, I wrote a post about how cheap flood insurance is if you don’t live in a flood zone.  After last Wednesday’s heavy rains, even many of us who do not live in flood zones witnessed flooded streets and front yards.  Before you go out and buy  flood insurance, you need to be […]

Buying, Florida Life, Hurricanes
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Miami Real Estate Is As Hot As Our Summers, But Not Bubbling Yet

An article by Robert Shiller in today’s New York Times concluded that though housing prices have increased by double digits, we are not in a housing bubble yet.  His conclusion was based on the result of a questionnaire he and Professor Case sent out to recent home buyers in four major cities.  Although Miami wasn’t […]

Buying, Market Summary, Selling
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