Strategies to maximize your sales price and market trends
I drive Riviera every day on my way to and from work and love all of the renovations that have been going on on that street between Hardee and U.S.1.
Whether on a waterfront lot, like the house below, or a dry lot, over 6 homes have recently had major remodeling done.
I love the new look!
Several articles in newspapers this week plus the Case Schiller index, help to illustrate the importance of remembering that real estate is local. Just because national housing news is negative, does not mean that is the case in Miami!
Miami real estate prices appear to be stabilizing and in some areas are actually starting to creep up.
Active Rain’s Real Estate Recovery Survey show that agents in the Miami-Ft Lauderdale market believe the real estate market in their areas are improving. What do you think?
Data provided by ActiveRain.com. Join 215,590 Real Estate Agents on the world’s largest Real Estate Social Network.
Home prices in Florida are up according to Florida Association of Realtors January Housing report. The same holds true for the Miami real estate market. Inventories have been decreasing steadily, as can be seen in the graph below.
Last week we did over $21,000,000 in sales. This week was over $17,500,000 with 32 sales and only 14 new listings. Inventory in Miami-Dade is decreasing steadily, as illustrated in the graph below. Inventory is even tighter once you start looking in a specific price range and community.
Last week we did over $21,000,000 in sales. This week was over $17,500,000 with 32 sales and only 14 new listings. Inventory in Miami-Dade is decreasing steadily, as illustrated in the graph below. Inventory is even tighter once you start looking in a specific price range and community.
Still doubt the Miami real estate market is rebounding? EWM’s Coral Gables/South Miami office did over $21,000,000 in sales this week. We had 12 new listings and 21 sales. Inventory is decreasing and buyers are still out there in droves.
Money magazine reports that 30 year mortgage rates dropped to 3.94% to tie rates last hit in October. 15 year rates hit new record low. I might have refinanced a bit too early, but changing my last interest rate to a lower one saved me over $300 per month on my mortgage payment even though I went from a 30 year to a 15 year fixed!
If you haven’t done so already, refinance. If you are considering buying, historically low mortgage rates are definitely one reason why you should. Low Miami prices are another.
The famous La Peregrina pearl necklace just sold for $11,842,500 during Christies The Collection of Elizabeth Taylor: The Legendary Jewels Evening Sale . The evening sale was the most valuable jewelry sale in history and there are still four more days of the auction to go. The sale of the necklace also set records; one for an historic pearl and the other for a pearl jewel.
So what does this have to do with San Jose Island, Panama? Well, in addition to the fact that the La Peregrina pearl was found off of the Pearl Islands, where San Jose Island is located, Christies also has this island listed for sale. It is 11,000 acres with a 5000 linear foot landing strip, boutique Hacienda Del Mar Hotel, water treatment facility, roads and over 57 beaches. This island has tremendous development opportunities and existing infrastructure to help expedite development.
Okay, this blog is one of those “six degrees of separation” instances.
Elizabeth Taylor was given La Peregrina Pearl, which was found in the Pearl Islands off the coast of Panama. Christies will be auctioning off her collection this week in New York.
EWM is Christies exclusive affiliate in Miami-Dade and Broward Counties. EWM is the listing agent of second largest island in the Pearl Islands, San Jose Island.
Related blogs:
Elizabeth Taylor Collection Auction Taking Place This Month
San Jose Island, Panama: How Big Is 11,000 Acres?
San Jose Island, Pearl Islands, Panama
