Archive for the 'MIAMI MARKET CONDITIONS' Category
What you need to know BEFORE BUYING A HOUSE!
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Where Will Home Values Be … 6 months from now? Shadow Inventory
Banks are holding on to shadow inventory. Shadow inventory… the new topic of conversation …soon to be common vernacular. Shadow inventory is foreclosure inventory that’s about to come on the market -property the banks have not yet foreclosed on, and property the banks have not yet released for sale. No, there’s not a likelihood that there will be a flood of foreclosed properties, dumped onto the market. The foreclosure inventory will likely be released in drips and drabs… but the experts agree… foreclosure inventory will increase, and it will affect the housing market – and prices… causing prices to drop. Read the rest of this entry »
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Offers to Buy Your House Will Drop Off – Case Shiller Predicts a 20% Drop!
Case Shiller predicts that you will have lower (and fewer) offers on your house. Why? Because buyers won’t be able to afford the payments. Read the rest of this entry »
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10 Years from Now – The Future of Real Estate – Market Snapshot
10 Years from now, someone will be saying: “That house around the corner, I could have bought it for 1/2 that just a decade ago, and I could have gotten a 5% mortgage!” Each generation says pretty much the same thing.
My husband and I are kicking ourselves (still) for not having bought an apartment in Manhattan 30 years ago, in John Lennon and Yoko Ono’s building . The one we ‘almost’ bought was for sale for $40,000.00. I can only imagine what it would be worth in today’s market.
And… we wish we’d bought a weekend get-away on Miami Beach. Read the rest of this entry »
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Real Estate Perspective for 2010 – Shadow Inventory
Real Estate prices are dropping in Florida. What does that mean for the Real Estate Market – for 2010? Whether you and I are buying or selling (or just curious) … information will be key to our decision-making.
New York Real Estate Guru, Steve Harney, and founder of “Keeping Current Matters” flew to Miami last week to shed some light – and met with Realtors from Esslinger Wooten Maxwell: “Shadow Inventory hasn’t (yet) hit the real estate market in South Florida. Just How big a role will foreclosures play?” Read the rest of this entry »
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Facts and Stats: Miami Real Estate Market – 2009 in Review
Miami attracts foreign buyers in droves. The destination is appealing . It’s easy to get here. From almost anywhere in the world you can be in Miami in just a few hours. The weather is hard to beat. Where else can you be outdoors, poolside and oceanfront, literally year-round? Miami offers an alluring lifestyle … has a diverse population with a mix of cultures and people . Not hard to find common ground here: food, languages, interests. It’s an easy place to fit in… make friends… and feel at home.
35% of property bought in Miami over the past year was purchased by foreign buyers. In 2009, sales of condos equalled the number of single family homes sold. Read the rest of this entry »
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MIAMI REAL ESTATE – Where the housing market is headed and why
Miami is back to the property values we experienced in 2000 – 2001. From 2005 -2008 housing prices skyrocketed and homeowners saw a significant increase in their equity.
If you bought a home or condo between 2005 and 2008 - at the height of the housing market - breaking even will likely be a challenge ( if you need to sell now).
Read on though, because the housing market has already begun to rebound!
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BusinessWeek Reports “If You Don’t Buy a House Now, You’re Stupid or Broke”
BusinessWeek bellows: “If you don’t buy a house now, you’re stupid or broke”. Okay, Marc Roth softens the blow somewhat as his article continues … but the basic gist of the message is simple and straightforward. Here’s what matters… Want to know why?
Read the rest of this entry »
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What is MY HOUSE WORTH? Selling Real Estate in Miami
FOR A COMPARATIVE MARKET ANALYSIS (”CMA”) OF YOUR PROPERTY, showing recently SOLD relevant properties, as well as any currently FOR SALE , conact the Restivo Team at EWM REALTORS.
Curious as to what the value of your property is, and whether this would be the right time for you to sell?
For a no pressure market valuation, contact us through www.MiamiRealEstateCafe.com or 305 793 1365 or 305 632-1064.
READY TO SELL YOUR HOUSE NOW? Considering listing your property for sale? All preliminary information is entirely confidential, and there is no pressure to sell with us. We invite you begin the mutual evaluation process … just send us a note here. We will determine together whether this might be the right time, and whether there is a ‘fit’.
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Land Value In Pinecrest … Vacant land selling between $17-$21 a square foot
Vacant land is selling … listed between $17 and $21 dollars a square foot in Pinecrest. Acre lots can be had for under $750,000. .. and 15,000 square foot lots can occasionally be found for as little as $350,000 … although most tend to be listed for, and sell above that.
Perceived value drives price. While quiet streets appeal to a number of home buyers … highly trafficked areas and intersections can (and do) appeal to others.
Adjacent to Pinecrest Park on the corner of SW 82 and SW 124th is a vacant lot, listed for sale by Victor Mills and Marie Montgomery. It has already been cleared and is ready to build. It’s priced at just under $14 a square foot ($650,000 for 43,560 square feet).
After a hiatus on building, Pinecrest is now seeing and increase in new construction. Much of what is being built is luxury building… the single family, high-end homes, on a rather mega-scale. With vacant land opportunities such that they are now, more builders and individual home owners are looking at the available land for sale in Pinecrest.
Please give me a call if I can help with any of your real estate needs.
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