Categories
Florida Life Things To Do

March Madness Miami Style

Okay, so you survived February’s packed art, boat and food calendar and now it is time for March Madness Miami Style. There is so much to do that you will not have time to do everything, so I am picking some of my favorite March activities to highlight here. Whether you are into sports, dancing, film or food, there is something to do this month!

Carnaval On The Mile March 1-2 – FREE

Winter Party Festival March 5-10

World Golf Championship March 6-9

Shayna Batya - 2014 Miami International Film Festival Poster Artist
Shayna Batya – 2014 Miami International Film Festival Poster Artist

Miami International Film Festival March 7-16

Calle Ocho Street Party March 9 – FREE

Miami_Dade County Fair and Expo March 13-30

Sony Open Tennis March 17-30

Winter Music Conference March 21-30

Ultra Music Festival March 28-30

Deering Estate Seafood Festival March 30

Categories
Pinecrest Restaurants

Delicious Indian Food At Imlee Restaurant In Pinecrest

imlee

We had a delicious meal at this tiny little jewel, in a strip center in the Village of Pinecrest. They have an extensive menu that includes many vegetarian options, which is a must when eating out with my daughter. We started with two different lentil dishes Daal Waada and Daal Maakni, both delicious. My daughter had the Baingan Bharta, an eggplant dish and my son, husband and I shared the lamb special and the mango chicken curry. I can’t wait to go back and try the lobster!

Categories
Buying Foreclosures Luxury Real Estate Neighborhood News Pinecrest Selling

How’s The Pinecrest Real Estate Market?

6301 SW 110 St - Sold For $1.98 million
6301 SW 110 St - Sold For $1.98 million
6301 SW 110 St – Sold For $1.98 million

I usually save my market updates until the end of the quarter, but with so much activity going on I figured I should write a quick snapshot in case you are thinking of buying or selling a home in the next couple of months.

Since January first of this year, there have been 58 new listings of single family homes for sale in Pinecrest. Out of those new listings, 13 are already under contract, two are short sales and one is a foreclosure. A total of 17 homes have gone under contract since January first and there has been one closing, which is pictured above. The majority of the pending sales were for homes under $1,000,000. Six of them are short sales and one is a foreclosure.

If you are thinking of selling, now is the time. There are buyers out there looking and if your property is priced right, it will go under contract quickly. If you are a buyer who has been looking for a while, don’t hesitate in making a solid offer when you see the house you like.

Categories
Coral Gables Home Improvement Luxury Real Estate Neighborhood News

Coral Gables Old Spanish Has 2014's Color Trend Throughout

Vintage bathroom
Vintage bathroom
Vintage bathroom
In early January, I posted Interior Design Color Trends For 2014. This adorable bathroom in a 1928 Old Spanish in Coral Gables is purple with white accents. Other accents, such as a chandelier and Cuban tile, also contained the trendy purple color.

Categories
Buying Coral Gables Luxury Real Estate Neighborhood News

Want To Buy A Home In North Coral Gables? These New Listings Are Sure To Please

1220 Capri- Living Room
Modern Kitchen - 1230 Capri
Modern Kitchen – 1230 Capri

Today during our open house tour, I was pleasantly surprised with a series of new single family homes for sale in North Coral Gables. With the exception of 1220 Capri, which is beautifully updated, these are all Old Spanish homes that have been modernized without losing the character that buyers of Old Spanish homes look for.

1220 Capri- Living Room
1220 Capri- Living Room

 

Modern Master Bath-1503 Genoa
Modern Master Bath-1503 Genoa

All listings are courtesy of EWM International Realty.

Categories
Miami Beach Things To Do

South Beach Wine And Food Festival Is This Weekend

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Wow! I barely survived President’s Day Weekend, between Art Miami, the Miami International Boat Show, and Coconut Grove Art Festival, and it is time for the South Beach Wine and Food Festival, which starts on Thursday.

Categories
Buying Selling

Is Miami's Real Estate Market Starting To Shift?

168 Paloma - Listed by EWM's DiCarlo Group
168 Paloma – Listed by EWM’s DiCarlo Group

Based on EWM’s activity this week, it appears we may be starting to get into a more neutral market. EWM’s Coral Gables’/South Miami office did over $22.5 million worth of transactions this week, with an almost even split between sales (26), and leases (24). Seven of the sales were over $1,000,000.

Eight out of the 15 sales listed under $500,000 went for at (4) or above (4) asking price. Although that is pretty indicative of the seller’s market we have been in, we also added 27 new listings and had 17 price reductions. With the increase in inventory, if your home has been on the market for over 30 days it is time to decrease your list price. We are expecting inventory to increase every month as we move closer to the Spring listing season.

Categories
Buying Selling

Homeowner Flood Insurance Affordability Act Passes Senate

The U.S. Senate passed legislation that would delay flood insurance increases on properties whose rates were set to increase once they were sold, that had their flood zones changed when the maps were updated, or that were previously grandfathered in. Although the House is unlikely to approve the four year delay, they are working on a bill that would cap the increases to no more than 15% per year. That is still likely to put pressure on pricing of homes that are for sale in flood zones. The white zones on the map below are in flood zone X and currently do not require flood insurance.

flood map

Categories
Selling

How's The Miami Real Estate Market?

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I get asked this question all of the time and my current answer is hot, at least for now. People from all over the world have taken an interest in Miami. The addition of our cultural component, as illustrated by the success of Art Basel Miami and the accolades coming in for PAMM, has catapulted Miami to year-round interest status. Add in our affordability compared to other luxury metro cities such as New York and London, our beautiful beaches, various sports teams, community enriching universities, top hospitals and great weather and it is understandable why Miami has become so attractive for many people. These are the reasons Miami real estate is at the top of almost every list when real estate rebounds are mentioned and “hot” markets discussed.

The reason I add the “for now” caveat is that we are starting to see inventories increase and we are expecting them to continue doing so into the Spring. Increasing inventories will stabilize the market and put a soft brake on prices that have been going up by double digits, which will keep our real estate market from overheating.

Categories
Buying Investment Real Estate Selling

Multifamily Properties Are Still The Commercial Properties In Highest Demand

Lofts at Mayfair Bulk Sale - Listed by Levine Realty
Lofts at Mayfair Bulk Sale – Listed by Levine Realty

With South Florida rentals in high demand, increasing rents, and available rentals low, investors are searching for multifamily properties. According to LoopNet, 9 out of the Top 10 Most Popular South Florida Properties were multifamily.

Here are some multifamily properties for sale in Miami areas with high rent demand.