Private Islands: What The Rich and Famous Are Buying

The Exhumas, Bahamas is where the rich and famous are buying islands, according to an article in the July 28 edition of the Wall Street Journal.  Some of the issues that arise with developing these islands, such as importing electricity, cell phone towers, water purifiers,  the building materials and even, in some cases, the palm […]

Buying, Commercial Real Estate, Luxury Real Estate, Selling
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Miami Real Estate: New Single Family Home Listings

New single family homes listed since July 1. 8 in Coral Gables.  Priced from $349,900 to $13,475,000 7 in Pinecrest.  Priced from $585,000 to $2,099,999 5 in Coconut Grove.  Priced from $450,000 to $1,300,000 3 in Miami Beach.  Priced from $399,900 – $8,650,000

Buying, Coconut Grove, Coral Gables, Market Summary, Miami Beach, Pinecrest
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Pinecrest Real Estate – Market Summary for Single Family Homes

How does the housing market look in Pinecrest half way through 2011?  Below are the numbers for single family homes.  Note that all of these are going to change a little due to status changes that happen at the end of the month, but are not updated in the MLS until the following month.  As […]

Buying, Foreclosures, Market Summary, Neighborhood News, Pinecrest, Selling
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Miami Beach Real Estate: Market Summary for Single Family Homes

We are half way through the year and the market has been moving.  Sales are up, mostly due to lower prices.    As of June 30, the single family home market in Miami Beach for the year so far is as follows: Closed sales:  94. Low of $190,000 to a high of $25,500,000.  9 of the closed […]

Buying, Foreclosures, Luxury Real Estate, Market Summary, Miami Beach, Neighborhood News, Selling
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San Jose Island, Pearl Islands, Panama

I first visited breathtakingly beautiful San Jose Island was two years ago. After arriving at the Tocumen airport in Panama City, less than a three hour flight from Miami, I jumped on an Air Panama flight for the short 20 minute flight to the island. As we were flying over the Gulf of Panama, I […]

Commercial Real Estate, Investment Real Estate
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Do The Pictures of Your Home Do It Justice?

The two pictures below are for a house listed for $400,000.  If a picture is worth a thousand words, what do these say about the house? These two are for a house listed at $2,300,000.

Selling
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Increase in Stock Market Results in Increase in Luxury Properties

According to a CNNMoney.com article all 20 major metro areas saw an increase in sales of million dollar plus condos and single family homes, rising an average of 18.6%. The increase is largely attributed to the increase in the stock market since 2009 and cheaper financing for jumbo loans.

Buying, Luxury Real Estate
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Miami Real Estate – Good News, The Wealthy Are Spending Again!

Two articles in today’s Business Monday add more evidence that South Florida is starting to pull out of the recession and, though we fell farther and therefore have further to go to actually feel that the recession is over, there are positive signs in South Florida’s economy. The first article, Brazilian buyers put the luxe […]

Luxury Real Estate, Market Summary
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Miami Real Estate – Pending Home Sales Jump In January

According to the Miami Realtors Association, January total pending home sales jumped 28% over January 2010 and increased 2.5% from December.  Pending sales were as follows: condominium: increased  37.2 percent compared year over year.  Increased 3.3 percent from December. single-family homes:  increased 15.531 percent from January 2010.  Increased 1.4 percent from December. Although this jump […]

Luxury Real Estate, Market Summary
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Miami Real Estate On Sale

With prices still on a downward slide in South Florida, the number of sales are up as buyers realize the buying opportunity these price decreases represent.  And although 30-year mortgage rates inched up slightly this week, they are still under 5% and near historic lows. These interest rates will help first time buyers, but may […]

Buying, Luxury Real Estate, Mortgage information, Selling
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