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.

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 […]

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 […]

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 […]

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 […]

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. […]

  I know you are enjoying your summer vacation and school is probably the last thing on your mind, but you may want to do your back-to-school shopping this weekend.  It will save you money with several items exempt from Florida’s sales tax from August 2-4.  

So, you have decided to take advantage of the seller’s market to sell your home.  When calculating what your proceeds will be, remember to take into account your closing costs, which will run between 6 and 7 percent of your contracted sales price. TYPICAL SELLER’S EXPENSES   Courier (federal express)   Documentary Stamps on the Deed: […]

As of the time of this post, the Miami real estate market has yet to hit the summer doldrums even though many buyers are taking time off to travel with their out-of-school-children.  This week EWM’s Coral Gables office did over $16 million in sales and last week we did almost $30 million.  Given the lack […]

Sorry, I had to remove the video because the unit rented in one day!