Miami and Phoenix are seeing a rise in asking prices, based on a Trulia Price Monitor Report.  There are still a lot of good buys out there, but many buyers are frustrated when a new property comes on the market and goes under contract almost immediately.  Decreasing inventory and aggressive pricing by listing agents, mean […]

I listed a rental in Cutler Bay last week and had over 150 phone calls!  I had three offers the first day, even though there wasn’t single picture listed yet, the yard was over grown and the house had not been cleaned out from previous tenant.  If you are an investor, buy more properties.  The […]

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.

Still doubt the Miami real estate market is rebounding?  EWM’s Coral Gables/South Miami office did over $21,000,000 in sales this week.  We had 12 new listings and 21 sales.  Inventory is decreasing and buyers are still out there in droves.

Still don’t think it is time to get into the real estate market? Our Coral Gables EWM office had another phenomenal week, posting over $14 million in sales. We only took five new listings yet had 23 properties go under contract. Although prices are bouncing along the bottom, as inventories decrease we expect to start […]

Okay, this blog is one of those “six degrees of separation” instances. Elizabeth Taylor was given La Peregrina Pearl, which was found in the Pearl Islands off the coast of Panama.  Christies will be auctioning off her collection this week in New York. EWM is Christies exclusive affiliate in Miami-Dade and Broward Counties.  EWM is the listing agent […]

Over the last several months I have written about different signs, see blog links below,  that the real estate market is changing.  Today’s Miami Herald article, Rents rise as overseas buyers invest, talks about some of the reasons why. More Proof Miami-Dade’s Housing Market is Turning Around Investors Are Taking A Bite Out Of Inventory […]

Okay, I have already posted that it is twice the size of Key West, but maybe that is still hard to put into perspective.  So, I will compare it in size to other famous islands.   Using AskNumbers.com conversion table, I came up with the following: Cayman Brac: 14 square miles =8,960 acres Little Cayman: 10 square miles = […]

If this week’s sales vs listings in just one of EWM’s offices is any indication, the market is changing.  Our Coral Gables office had 37 residential sales versus 10 new listings and 27 leases vs 8 new rentals.  Our total for this week, which include the sale of a commercial property was almost $35,000,000.  This […]

An article in CoStar regarding student housing, reinforced what I already know.  Student housing is a good investment and not all student housing is created equal.  As a parent with two students in college, and a third student one year away,  I spend a lot of money on housing.  My first experience was when we arrived in […]