Total sales (24) still outnumbered total new listings (11), which is to be expected in the middle of the holiday season.  Buyers are still out in full force and are purchasing in all price ranges.  The highest sale in our office was the home pictured below.  It sold for $7,030,000 and was listed by EWM.

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 […]

The real estate sales continued to mount the week leading up to Art Week.  Even though Thanksgiving coincided with Chanukah this year, our sales for a normally quiet week were over $24,000,000, just for our Coral Gables office.  The highest residential sale was for the Pinecrest home pictured above. We had a total of 18 […]

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.

Unobstructed water views from this spectacular unit, which has been professionally designed by Adriana Hoyos.  Enter your private foyer directly from the elevator, open your front door and water views greet you.  The spacious unit includes two bedrooms, a den, 3 full baths, large kitchen with built-in Miele coffee maker, wine refrigerator, Subzero, and laundry […]

A couple of weeks ago, I wrote a post about how cheap flood insurance is if you don’t live in a flood zone.  After last Wednesday’s heavy rains, even many of us who do not live in flood zones witnessed flooded streets and front yards.  Before you go out and buy  flood insurance, you need to be […]

Properties that were in communities near public transportation with frequent routes did 42% better in maintaining their value than those that were not near public transportation.  As real estate sales in Miami continue to rise, neighborhoods near public transportation are some of the areas with the tightest inventories. Many communities, such as Brickell and Coral Gables, have added trolleys […]

Congratulations!  You have purchased or rented your new home.  Now is a busy time with moving, forwarding mail, and starting utilities but  FPL has automated their connection and disconnection for electrical service to make connecting easier.  Properties that have been unoccupied might not have service when you move in, so be sure to get it […]

I work with a lot of international clients who buy and sell real estate in Miami and often recommend they speak to a local attorney and/or CPA to discuss the tax implications of owning property here.  I came across a great article from Bilzin Sumberg Attorneys that addresses tax planning for foreigners buying real estate .