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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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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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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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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Properties Close To Public Transportation Popular During and After The Recession

Properties that were in communities near public transportation with frequent routes did 42% better in maintaining their value than those that were not near public transportation.  As real estate sales in Miami continue to rise, neighborhoods near public transportation are some of the areas with the tightest inventories. Many communities, such as Brickell and Coral Gables, have added trolleys […]

Brickell/Downtown Miami, Buying, Coral Gables, Miami Beach, Neighborhood News, Palmetto Bay, Pinecrest, Selling
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Starting and Ending Your Electric Service Just Got Easier

Congratulations!  You have purchased or rented your new home.  Now is a busy time with moving, forwarding mail, and starting utilities but  FPL has automated their connection and disconnection for electrical service to make connecting easier.  Properties that have been unoccupied might not have service when you move in, so be sure to get it […]

Buying, Renting in Miami, Selling
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New Requirements For Listing Short Sales

In order to give short sale properties an opportunity to receive “highest and best” offers, new Fannie Mae guidelines state that each new short sale listing must remain active in our MLS system for a minimum of 5 days and must include at least one weekend.  If you are a buyer making an offer on […]

Buying, Selling
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$20 Million In Sales In One Week From EWM Coral Gables Office

Even though this close to the start  of the school year sales should be slowing down, nothing could be further from reality.  Our EWM office had over $20 million worth of sales this week, which represents a total of 31 sales.   5 of the sales went for the asking price and 3 went above asking. […]

Buying, Luxury Real Estate, Pinecrest, Selling
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