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 […]

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 […]

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 […]

Single Family Homes Total single family sales in January 2009: 0 Pending Sales: 3 total, none of which are water front Active: 140 of which 27 are water front Price Range for Active:  Non-Water: $5,450,000 – $950,000  Water front: $19,900,000 – $2,925,000 Condos – Closed Sales Total condos sales in January 2009: 7 Highest Sales […]

Single Family Homes Total single family sales in January 2009: 4 Highest Sales Price: $825,000 for a 2,514 square foot home built in 1936 on a 7,700 square foot lot Lowest Sales Price: $413,126 for a 1,776 square foot duplex on a 8,580 square foot lot. 1 of the sales was a water front property […]

Single Family Homes Total single family sales in January 2009: 10 Highest price: $1,750,000 Lowest price: $261,000 for a bank owned foreclosure Pending Sales: 23 Active: 294 Highest price: $6,499,000  Lowest price: $299,900 bank owned foreclosure Condos – Closed Sales Total condos sales in January 2009: 0 Pending Sales: 23 Active: 33  Price range: $1,150,000 […]

Single Family Homes Total single family sales in 2008: 116 Highest Sales Price: $13,100,000 for a 10,000 square foot home built in 1936 on a 32,000 square foot waterfront lot Lowest Sales Price: $200,000 for a 1,261 square foot duplex on a 2,499 square foot lot.  Bank-owned foreclosure. 54 of the sales were water front […]

Single Family Homes Total single family sales in 2008: 37 Highest Sales Price: $7,500,000 for a 6,369 square foot home built in 1991 on a 16,271 square foot water front lot on S. Mashta Lowest Sales Price: $817,900 for a 1,763 square foot 7,500 square foot lot.  Bank-owned foreclosure on Cranwood. 6 of the sales […]