Although it may seem like Miami is only building condos for the wealthy, not all of Miami’s new construction is aimed at millionaires.  Here are a few of the latest projects announced.   INTOWN, located in the Little Havana neighborhood,  is in the reservation stage with prices starting at $200,000.  This 14-story, 320-unit condominium will […]

This tastefully updated 4 bedroom/4 bath home is an entertainer’s dream.  It has an extra office/den, a huge family room with a wetbar, a basketball court, an oversized swimming pool surrounded by a covered patio with remote-controlled screens, and sliding doors that open from all of the living areas directly onto the patio.  The extra […]

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 […]

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 […]

On December 20 I wrote a post about some changes to federal laws that may affect Miami’s real estate market in 2014.  I neglected to include two more (well one is a Florida State Law, but I will include it here anyway).  The first one I thought would be extended by now, but since we […]

Realty Trac’s November Foreclosure Market Report shows that foreclosure start in Florida dropped 18.02% from the previous month and a whopping 45.9% drop year-over-year; completions were down 2.72% month-to-month and 15.59% from previous year; and overall foreclosure activity was down 15% and 23% respectively. These decreases show that the foreclosure crisis is almost over, but the Florida still […]

Although all real estate is local, this Bloomberg Report with Jeff Taylor, Managing Partner of Digital Risk, sums up the overall U.S. new housing numbers, current mortgage rates and lending practices, and provides a glimpse of mortgage lending criteria in the near future.

Our Coral Gables office had another great week with over $15 million in sales. Out of our 17 sales, four went for asking price and two went over asking. There were 17 new listings. For an overall market update, check out our video.

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.

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 […]