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Buying Investment Real Estate Pinecrest

Unbelievable Land Value in Pinecrest, FL – 7935 SW 134 Street- Builder's Acre Under $550,000

This beautiful builder’s acre is located on a quiet, low-traffic street in South Pinecrest.  A house sits on the property, bucciero-land-resizedwaiting for you to continue the updates or tear it down and build new.  Take advantage of the current market; it has been a while since land value in Pinecrest was this low.   The Village of Pinecrest is a highly desirable neighborhood with may parks, great schools, a community center and library.

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Coral Gables Freebies Neighborhood News

Free and Fun First Fridays Gallery Walk in Coral Gables, FL

What does a Friday night with free music, wine, cheese and art gallery visits mean?  It must be Gallery Walk Night in Coral Gables!  Visit with the artists and discuss their work or just look at the art, nibble and sip the goodies, and enjoy the evening.  From 7-10 pm the first Friday of every month.

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Market Summary Miami Beach Neighborhood News

Miami Beach, Florida Real Estate Update January 2009

Single Family Homes

  • Total single family sales in January 2009: 4
  • Highest Sales Price: $825,000 for a 2,514 square foot home built in 1936 on a 7,700 square foot lot
  • Lowest Sales Price: $413,126 for a 1,776 square foot duplex on a 8,580 square foot lot.
  • 1 of the sales was a water front property

Pending Sales: 33 total, 9 of which are water front

Active: 467 of which 209 are water front

Price Range for Active:  Non-Water: $9,950,000 – $174,900  Water front: $25,000,000 – $499,900

Condos – Closed Sales

  • Total condos sales in January 2009: 83
  • Highest Sales Price: $7,600,000 for a  4,784 square foot unit in the Murano Portofino
  • Lowest Sales Price: $37,700 for a 701 square foot bank-owned foreclosure
  • 60 of the sales were in water front buildings

Pending Sales: 312 total, 196 of which are in water front buildings.

Active: 3,661 of which 2,584 are in water front buildings

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Buying Coral Gables Neighborhood News

Coral Gables, Florida Real Estate – Annual Market Summary 2008

Single Family Homes

  • 2% increase in sales of single family homes from 2007 to 2008.
  • Total sales of single family homes increased from 318 in 2007 to 325 in 2008.
  • If you average the number of homes sold in the last quarter of 2008, there is still a 23 month supply of single family homes for sale in Coral Gables.

The median price for a single family home in December was $542,000, down from $788,000 in December 2007.

Condos

  • The number of sales of condos decreased 19% from 2007 to 2008 from 141 to 114.
  • There is 37 month inventory of condos.
  • The median price in December 2008 was $250,000 down from $1,005,000 in December 2007.

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Buying Investment Real Estate

8 Reasons Why Now is the Perfect Time to Buy Real Estate

Okay, so things are scary out there. You can’t open a paper, turn on the t.v. or listen to the radio without hearing doom and gloom news. Layoffs, no one is shopping, increasing unemployment, the stock market fluctuates wildly. But, since people are scared and aren’t buying much of anything, it is the perfect time to buy real estate. As Warren Buffet once said, “…attempt to be fearful when others are greedy and to be greedy only when others are fearful.” Reasons now is the time to be greedy:

Categories
Buying Investment Real Estate

8 Reasons Why Now is the Perfect Time to Buy Real Estate

Okay, so things are scary out there. You can’t open a paper, turn on the t.v. or listen to the radio without hearing doom and gloom news. Layoffs, no one is shopping, increasing unemployment, the stock market fluctuates wildly. But, since people are scared and aren’t buying much of anything, it is the perfect time to buy real estate. As Warren Buffet once said, “…attempt to be fearful when others are greedy and to be greedy only when others are fearful.” Reasons now is the time to be greedy:

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Key Biscayne Market Summary Neighborhood News

Key Biscayne, Florida Annual Real Estate Summary 2008

Single Family Homes

  • Total single family sales in 2008: 37
  • Highest Sales Price: $7,500,000 for a 6,369 square foot home built in 1991 on a 16,271 square foot water front lot on S. Mashta
  • Lowest Sales Price: $817,900 for a 1,763 square foot 7,500 square foot lot.  Bank-owned foreclosure on Cranwood.
  • 6 of the sales were water front properties

Condos

  • Total condos sales in 2008: 161
  • Highest Sales Price: $8,550,000 for a  6,700 square foot unit in Ocean Club
  • Lowest Sales Price: $220,000 for a 610 square foot unit in the Key Islander
  • 9125 of the sales were in water front buildings