Tomorrow night at 7:30, the New World Symphony Wallcast is Baroque Brilliance. Bring a blanket and picnic dinner for a wonderful evening of culture and music on Miami Beach.
I don’t know about you, but as someone who lives in Miami, I am enjoying our bustling activity-filled weekends. This will be the third weekend in a row with a major event happening in town. In addition, the weather has been summer-like and perfect for the beach! Luckily many of the films shown during the festival, which runs through March, are shown at night.
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.
At a special Village council meeting this evening, a resolution was passed stating opposition to the proposed boat storage facility at Matheson Hammock Park. Council members felt that the county’s Parks Department did not provide the public and surrounding municipalities with opportunity to provide input to their Request For Proposals for dry boat storage at the park.
Although the developer said that opposition was premature since impact studies had not been conducted, it was specifically because of the lack of information available about the impacts of the proposed structure, which is completely out of scale for the park in its sheer size (500 feet long and 50 feet high!), that the Village passed the resolution.
Matheson Hammock Park is a park used by many residents and visitors in Miami-Dade county and the addition of any structures should proceed slowly and with public input. It is, after all, supported by our tax dollars and admission fees.
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.
If you have not purchased tickets to this weekend’s food and wine extravaganzza to benefit FIU’s Chaplin School of Hospitality & Tourism Management, there are only tickets left for a few events.
Do not despair. There are still plenty of great restaurants in Miami for you to enjoy.
The cultural events keep happening in South Florida. Last weekend was the Coconut Grove Arts Festival and this weekend is the South Miami Arts Festival. When you are done strolling through the booths, drop by George’s, Town, Shula’s 347 Grill, Patagonia, or one of the other restaurants in the area and enjoy downtown South Miami.
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.
The Jade is a beautiful, modern, waterfront building that is walking distance to all of the activity on Brickell Avenue. Built in 2004, the Jade has amazing resort-like amenities including a spectacular infinity pool, state-of-the-art gym, entertainment rooms, private elevators to your residence, and views galore.
The Jade was one of the first luxury buildings completed during the boom and provides a great historical perspective of the boom, bust and now rebound of Miami real estate. There are currently 23 units listed for sale out of a total of 326 units. The average price listing price per square foot is $629. In 2004 the average price per square foot of units sold was $540 and at the height of the market ini 2007 it was $805.
Approximately one-third of the building is still owned by original buyers who purchased in 2004 and 2005. That fact, coupled with the fact that the majority of the sales that took place in 2008 and 2009 were cash purchases, results in a very stable condominium association.
The 49th annual Coconut Grove Arts Festival is just one of the many art festivals and events that take place in Miami. We have art walks in a variety of neighborhoods (Coral Gables, Coconut Grove, Little Havana, Wynwood)throughout the year, the Beaux Art Festival, Art Basel, and many other satellite fairs. If you are an art lover in town for the festival and are considering a real estate purchase, here are some areas to consider
Coconut Grove
Coral Gables
Miami Beach
Brickell
Wynwood/Midtown Miami
Aventura/Sunny Isles