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.

Market information from the Multiple Listing Service for single family homes for the month of January are as follows: Closed sales:  8.  None were short sales, 7 were REOs. 5 were cash sales. Price range of closed sales: $565,000 – $48,000 Pending sales: 12.  2 short sales, 1 REO Price range of pending sales: $2.39 […]

Common belief in the residential real estate industry is that nothing happens until after Super Bowl Sunday, which this year happens to be February 6.  Many sellers hold off on listing their home until after then.  That may be a mistake.  Sales are currently up.  In Miami-Dade County, 893 single family homes and 1,397 condos […]

Shadow inventory is basically the number of properties that are projected to hit the market due to distressed owners, those who are behind 90 days or more on their mortgage,  or because they will be or already have been taken back by the bank.  There has been a lot of speculation lately about how this […]

While the local real estate news has been giving us a snapshot of what has been happening in Miami’s real estate housing market, several housing reports are due out next week, which will give us a national picture of how the housing recovery is fairing. Tuesday –  S&P Case Shiller home price index:  this index […]

The inventory for single family homes in Miami-Dade County has inched up in the first few weeks of 2011.  There were 971 single family homes that closed in the month of December, but 723 new listings have increased our inventory from 7591 at the end of December to 8314 as of today. This increase is […]

It is amazing to me that so many commercial real estate agents like to keep their listings a secret.  Instead of posting their listings on the MLS, or having their own commercial MLS if they want to keep it separate from residential real estate, they post their listings on their own sites.  If they do […]

According to RealtyTrac, foreclosure activity in South Florida will continue at high levels through 2010 and there will be a glut of inventory through 2013. In the current market, 60% of active buyers interested in distressed propertys and 40-50% of sales involve a foreclosure or shortsale.

I read a blog today that seems to defy the thought that Fall is not a great time to list your home for sale. Conventional wisdom says that once a new school year starts, the sale of single family homes slows significantly. Students are settled into school, parents into their work schedules, and holidays are […]

I received a list of comparables from an agent that was making an offer on one of my commercial listings. The comps resulted in a significantly lower price than what the sellers were looking for and my knowledge of the market told me something was wrong with his research. I went through the table he […]