Posts Tagged ‘real estate’

Coral Gables Market Snapshot – April 2009 – $700,000 to $1,499,999

May 15, 2009
1229 Asturia, $995,000

1229 Asturia, $995,000

The numbers are in for April! And we have some good news in this price range.

The amount of active listings in this price range continues to decline, just as we are seeing across all markets in South Florida right now. We have actually decreased 25% in the number of active listings in the MLS in this price range as compared to this time last year. That’s great news! So we are heading towards a more balanced market.

We have also had an increase in the number of pending sales this month. Compared to last year at this time, we are up 11%!

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Coral Gables Market Snapshot – April 2009 – Up to $699,999

May 12, 2009
836 Genoa Street, $549,000

836 Genoa Street, $549,000

The numbers are in for April! And we have some great news in this price range in Coral Gables.

Our inventory has been decreasing steadily over the past year, which is going to help us get back to a healthy, balanced market. Last year there were 196 active listings in this price range, and in April of this year, there were 167 active listings. That’s a decrease of 15% over last year!

The best news of all is that 31 homes pended sale last month. That’s more pending sales in this price range than we’ve had in more than a year. And it’s a 138% increase in the number of pending sales over last year! This brings great hope for May when all of these deals will close!

The early bird gets the worm!

May 11, 2009
8310 SW 62 Place, $399,000

8310 SW 62 Place, $399,000

We listed a very cute home in South Miami in late April and have had so much activity on the home, we can’t believe it! Within 17 days of putting the home on the market, we had 3 offers, two of which were very good ones. We accepted one of them on Friday and are currently under contract. Here are a few of the other interesting numbers on this home – all occurring within the first 17 days of it being put on the market:

– Number of showings: 34
– Number of broker’s at Broker’s Open House: 20
– Number of groups through the one Sunday Open House: 22
– Number of offers on the house: 3
– Number of calls on the home since it went under contract: 8

We are certainly seeing the beginning of a new market with this kind of activity! This home was priced very aggressively and the area is very popular right now. However, we never guessed we would have seen this kind of activity!

To get more information on this home, please click here.

Paradise Found.

March 31, 2009

2495 S. Bayshore Drive

2495 S. Bayshore Drive

Graceful. Romantic. Clean & Crisp. Elegant. These are the words that come to mind when I think about the home I just listed with Karen McCammon in Coconut Grove. Located within the gated community of Treasure Trove, it is the only listing available in this wonderful and small enclave of homes.

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The 3-story villa-style home features a fabulous, well-planned layout. And graced with an elevator, it makes it very easy to get to the various levels. The serene feeling that this home exudes welcomes you as you enter into the foyer and living room. High ceilings and dark hardwood floors greet you and continue throughout the house. The plantation shutters lend to the organic island-feel that this home exudes.

kitchen1_500 kitchen2_500

No expense was spared in the recent renovation of the kitchen – it is a dream come true! The finishes include Calacutta gold marble countertops, Waterworks fixtures and deep stainless farmhouse sink, handmade Crown Point kitchen cabinets that extend to the ceiling, remarkable Wolf stove and two beautiful SubZero glass-front refrigerators, each with freezer drawers.

livingroom1_500

The living room is a true beauty with a gas fireplace and tons of charm. You also find a wonderful formal dining room, office and two bedrooms, each with its own bath, on this main level.

pool1_500

Downstairs, a wonderful family room awaits and opens to the inviting pool and patio area, perfect for entertaining. A full guest suite is located downstairs, offering guests great privacy. Limestone floors unfold throughout the downstairs area.

masterbedroom_500

The 3rd floor is comprised of a remarkable master suite – views of Biscayne Bay, Brazilian cherry hardwood floors, two gracious walk-in closets, a large master bathroom and so much more! The additional bedrooms and bathrooms are also located on this level, with great spaces and private bathrooms.

Light-filled. Gorgeous. Refined. Divine. Paradise. This home has it all.

For a photo tour of this home, please click here.

We’re almost there…

March 26, 2009

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I have had a SERIOUSLY busy week. I think this just goes to show that this market is starting to turn around!

This week alone, three of my listings have gone under contract. We’re working several contracts on four additional listings (two with multiple offers) and have a buyer making an offer on another listing. 

Obviously my job is not done yet – inspections, appraisals and mortgage commitments remain huge hurdles. However, we’re well on our way!

Reductions Galore!

March 25, 2009

In the spirit of my most recent post, I’ve had some incredible price reductions lately on my listings!

4711-university-dr-3916-cropped14711 University
$3,395,000 from $3,750,000
– Incredibly beautiful house on the Gables Waterway.
– Completely rebuilt with incredible finishes
– 6 bedrooms/5.5 baths/2 car-garage/pool/boathouse

jab-1300-campamento-front1300 Campamento Avenue
$2,795,000 from $2,995,000
– Waterfront home in Gables by the Sea
– Built by owner/builder for himself
– Featured on the cover of Florida Life Magazine!
– 5 bedrooms/4.5 baths/2 car garage/pool/guesthouse

dsc_04961170 San Pedro
$1,995,000 from $2,099,000
– Waterfront home in Gables by the Sea
– No bridges to the bay!
– 4 bedrooms/3 baths/2 car garage

 

jab-9905-sw-89-court-front9905 SW 89 Court
$1,950,000 from $2,195,000
– Stunning new construction home in Baptist Hospital area
– Most incredible kitchen you’ve ever seen
– 5 bedrooms/5.5 baths/2 car garage/pool/guesthouse

 

front-shot-lo-res7500 SW 53 Avenue – PENDING SALE!
$1,685,000 from $1,895,000
– Stately new construction home in High Pines
– Built by the Rousseau Hays Group
– 6 bedrooms/6.5 baths/2 car garage/pool

 

jab-8900-sw-61-court-ext18900 SW 61 Court – PENDING SALE!
$1,999,000 from $2,099,000
– Expansive home on an acre in North Pinecrest
– 6 bedrooms/5.5 baths/3-car-garage/pool

 
ginger-lo-res11123 Placetas Avenue – PENDING SALE!
$989,000 from $1,080,000
– Completely renovated home on nice street in Coral Gables
– 4 bedrooms/4 baths/1-car-garage/pool

 
509871_5001414 Algardi Avenue
$925,000 from $995,000
– Beautifully and tastefully updated home in Coral Gables
– 4 bedrooms/3 baths/2-car garage/pool

 

dsc_50843038 Orange Street
$585,000 from $639,000
– Center Coconut Grove townhome built in 2004
– 3 bedrooms/2.5 baths/1-car garage/pool

As they say, “price matters”!

March 23, 2009

riviera-drive

Now more than ever in real estate, price is the name of the game.

Friends of mine recently listed their house in Coral Gables with Elena Kemper and Libby Klein of EWM. The house has 4,000 square feet and sits on a 15,000 square foot lot. It’s been completely updated and is absolutely gorgeous. They priced it very aggressively at $999,995 (that’s $245.34 per square foot), and it sold WITHIN 3 DAYS of it being put on the market.

The question that keeps arising in this market is if we price it too close to where we believe it will sell, are buyers still going to want to negotiate it way down? So people are trying to price higher to leave room for negotiation, but people are losing buyers these days. Sellers are often pricing so high that people won’t make offers. Yet here’s a perfect example where they priced low, and it sold quickly, very close to the asking price.

ginger-lo-res

A beautiful listing I currently have at 1123 Placetas sat on the market for 41 days priced at $1,080,000. When we reduced it under $1 million to $989,000, which was a very fair and realistic price in this market, we had an offer and it went pending within 13 days. While this is still pending and we have to get to the closing table, it does truly show that price matters.

Buy! Buy! Buy!

March 17, 2009

2246559653_85c3c4e119

There is no denying – I am a realist. I’ll be the first to admit that we are in a terrible market right now. It’s likely that prices will continue to decline throughout this year. But here is the reality. We won’t know when the bottom has hit until we’ve already started to come out of it. So in actuality, there was never a better time than right now to buy a house, if you are planning to buy and live in it for at least two years. For the next two years, you can live in a new house, take advantage of the tax breaks that we receive as homeowners, receive an incredible interest rate on your mortgage (they are as low as 4.75%!) and be poised to take the rise in values that we will undoubtedly begin to see in the next few years. There has never been a better time to buy!

Also, keep this in mind. If prices go down by 10% but interest rates rise by 1%, the monthly payment stays the same. So any advantage you might receive by the loss in purchase price was just negated by the rise in interest rates.

Hello world!

March 11, 2009
4711 University Drive
Welcome to my blog! I am excited to use this space to share with the world my thoughts and ideas about the real estate market in Miami. Here, you will find a journalistic approach to what’s going on in Miami, from the eyes and voice of someone who has been in the business for nearly 20 years. From opinions on interesting articles I read to analysis on the market, and from drastic price reductions to new properties of interest.

To begin, let me say that 2009 has already been a busy year for me. The A-List has been dissolved and I have gone back to my original business model which has proven successful for me. I have two assistants: my mother, Ginger Jackson, has been working with me for 10 years, and Lynley Walker Ciorobea has been a part of our team for 1½ years. Both licensed realtors, they help with all aspects of the business, especially marketing and advertising. They help to ensure that each of my clients gets our undivided attention.

In this most interesting and ever changing market, it is more critical than ever to have a Realtor that remains current and can help answer your questions with up to date knowledge. My commitment and dedication are unwavering and I will continue to work hard for each of my clients.

If you ever want to discuss the market with me, I would welcome the opportunity to talk over the phone or through email, and will look forward to helping guide and advise you through this most interesting and challenging time.

Visit my blog as often as you like – or you can even subscribe to it and receive my posts in your email inbox as I write them! Either way, I’m just excited to keep my dedicated friends and clients appraised of what is going on in the South Florida real estate market.