Archive for the 'Buying Real Estate In Coral Gables' Category
Realtors Wear Many Hats
April 18th, 2012 Categories:Buying Real Estate In Coral Gables, Coral Gables Real Estate
I got a text message from a client of mine last evening that said “Can you play psychologist tonight at 9:45?”. To give you a little background, these are buyers who had found the home of their dreams but due to unforeseen circumstances (by no fault of their own) could not purchase the property. As a Realtor, it is my job to help our clients manage the emotional swings that occur when trying to buy or sell a home. It is my job to provide encouragement when needed, solace if necessary, and help them stay calm throughout the process.
If you are interested in buying or selling real estate in Coral Gables and would like to work with a local real estate agent who knows the market and tracks the numbers, please feel free to give me a call directly at 305-342-1623 or send me a message here.
Going, Going, Gone…Coral Gables Real Estate Is On Fire
April 13th, 2012 Categories:Buying Real Estate In Coral Gables
We all know the Coral Gables real estate market is hot but it is extremely apparent when you take a look at the recent pending sales. In the past 30 days there have been 10 pending single family home sales in the Gables and of these 8 were on the market for less than 10 days.
- 1200 San Remo | List Price: $400,000 | Under Contract In 1 Day
- 818 Medina Avenue | List Price: $465,000 | Under Contract In 8 Days
- 1203 Asturia Avenue | List Price: $515,000 | Under Contract In 1 Day
- 1541 Palermo Avenue | List Price: $535,000 | Under Contract In 1 Day
- 421 Aurelia Avenue | List Price: $555,000 | Under Contract In 8 Days
- 1224 Tangier Street | List Price: $699,000 | Under Contract In 8 Days
- 125 Placetas Avenue | List Price: $815,000 | Under Contract In 1 Day
- 1050 Lugo Avenue | List Price: $1,100,000 | Under Contract In 2 Days
If you are considering listing your Coral Gables home for sale please don’t hesitate to contact me. The market is rapidly changing and I would be happy to discuss the current value of your home with you. I can be reached on my cell at 305-342-1623 or you can send me a note here.
Homes For Sale In Coral Gables
April 11th, 2012 Categories:Buying Real Estate In Coral Gables, Coral Gables Real Estate
The Coral Gables real estate market is out of balance in terms of what buyers want and what the market offers. Right now, the number of homes for sale over $1,000,000 exceeds the number of homes for sale under $1,000,000 . On the other side, the amount of homes sold below $1,000,000 is far greater than the amount of homes sold over $1,000,000. As you can see, if you are in the $1,000,000+ market you have many more options and less competition from other buyers.
If you are interested in buying or selling real estate in Coral Gables and would like to work with a local real estate agent who knows the market and tracks the numbers, please feel free to give me a call directly at 305-342-1623 or send me a message here.
The Riley Smith Group Sells 641 San Lorenzo Avenue In Coral Gables!
February 16th, 2012 Categories:Buying Real Estate In Coral Gables, Coral Gables Real Estate
Congratulations to my buyers who just purchased the property at 641 San Lorenzo Avenue in the Italian Village of Coral Gables. It is an incredible 1926 historic estate on a 27,300 square foot lot. The house generated a significant amount of interest when it hit the MLS and we knew we had to act fast in order to secure the property. My clients submitted a full price offer just hours after previewing it and closed on the home today for $995,000. Listed by Darlene Dale of EWM.
I am a Coral Gables real estate specialist. If you are interested in buying, selling, building or renting and are looking for a realtor who specializes in Coral Gables, please feel free to contact me at 305.342.1623or send me a note here.
How Times Have Changed In The Coral Gables Real Estate Market
January 25th, 2012 Categories:Buying Real Estate In Coral Gables, Coral Gables Real Estate
Our team just finished up our weekly meeting where we get together and discuss the trends we are seeing in the local market. One common frustration among all of my agents was a lack of inventory in Coral Gables. I created the chart above which demonstrates how low the numbers are. In early 2009, there were 571 single family homes for sale and as of today there are just 308 on the market. We all agreed that entry level homes are selling the fastest in the Gables right now. Homes that come on priced $600,000 and below tend to be under contract in 2 to 3 weeks, and if the house is charming or on a large lot you will see multiple offers.
Not only are we right in the middle of the busiest season for real estate in South Florida, but the inventory levels are drastically down. Although Coral Gables had a record breaking year in sales in 2011 we may not see similar numbers in 2012 if some fresh listings don’t come on the market.
If you are interested in buying, selling, building or renting and are looking for a real estate agent who specializes in Coral Gables, please feel free to contact me at 305.342.1623 or send me a note here.
Pending Home Sales In Coral Gables
October 20th, 2011 Categories:Buying Real Estate In Coral Gables, Selling Real Estate In Coral Gables
Looking at pending home sales gives you a better indication of where the market is headed. Nationwide pending sales are steady, if you take a look at the first chart below you can see that the momentum of pending sales continued throughout the summer which sets us up for a great finish to 2011 as well as a good start to 2012.
Locally here in Coral Gables we are seeing the same trend. The red line in the second chart shows pending sale history in Coral Gables. You will notice a bump during May and June of this year which were the highest pending sale figures we have experienced in more than 4 years. As a whole the pending sales are stable which is a great sign for real estate in Coral Gables.
On a sidenote you can also see how low the inventory has fallen in the Gables which is indicated by the light green bars. The combination of lower inventory and higher demand contributes to a healthy market.
NATIONAL PENDING HOME SALES
CORAL GABLES PENDING HOME SALES
I know the numbers, I analyze the market, my clients make better decisions. If you are interested in buying, selling, building or renting and are looking for a real estate agent who specializes in Coral Gables, please feel free to contact me at 305.342.1623 or send me a note here.
Flip Comes On The Market In Coral Gables
October 18th, 2011 Categories:Buying Real Estate In Coral Gables, Selling Real Estate In Coral Gables
The house located 4005 Alhambra Circle sold in February of this year for $159,000. It has been renovated and placed back on the market for $480,000. It is Old Spanish style but has now been updated on the interior with a new kitchen, new cherry wood and marble floors, new baths, new A/C, new electric and plumbing. The house is two stories and a good size for the price with 2,269 square feet of living space with 4 bedrooms, 2.5 baths and a 2 car garage. To view more photos of this home click here. The home is listed by Susan Martens of Coldwell Banker.
I know the numbers, I analyze the market, my clients make better decisions. If you are interested in buying, selling, building or renting and are looking for a real estate agent who specializes in Coral Gables, please feel free to contact me at 305.342.1623 or send me a note here.
Unapproved Short Sale On North Greenway
September 19th, 2011 Categories:Buying Real Estate In Coral Gables, Coral Gables Real Estate
This Old Spanish home located at 2512 North Greenway just came on the market as an unapproved short sale for $665,000. The home has quite a history, it sold 4 years ago for $1,100,000. It offers 2,312 square feet of living space with 3 bedrooms and 2.5 baths. If you have the time and patience to wait for the short sale process to go through, this could be a very good deal.
The property is located on a very deep 8,570 lot with pool and carport. Elegant mosaic cracked tile adorn the floors in the living room and sunroom and Dade County pine in the rest of the house. The bathrooms have been recently redone and the home has impact windows. The property is listed by One Stop Realty. For more photos and information click here.
I know the numbers, I analyze the market, my clients make better decisions. If you are interested in buying, selling, building or renting and are looking for a real estate agent who specializes in Coral Gables, please feel free to contact me at 305.342.1623 or send me a note here.
Lowest “Price Per Square Foot” Homes In Coral Gables
September 12th, 2011 Categories:Buying Real Estate In Coral Gables, Coral Gables Real Estate
Valuing a home according to “price per square foot” has become the new trend in the past few years. Below are some of the lowest “price per square foot” homes on the market right now in Coral Gables.
Price Range $2,000,000+ | 5101 Hammock Lake Drive | 9,366 Square Feet Of Living Space | 4 Bedrooms/4.5 Baths | List Price: $2,800,000 ($298.00 per square foot)
Price Range $1,000,000 – $2,000,000 | 803 Alhambra Circle | 5,854 Square Feet Of Living Space | 5 Bedrooms/4.5 Baths | List Price: $1,399,000 ($238.00 per square foot)
Price Range $500,000 – $1,000,000 | 1015 Andalusia Avenue | 4,671 Square Feet Of Living Space | 5 Bedrooms/4.5 Baths | List Price: $997,000 ($213.00 per square foot)
Price Range 0 – $500,000 | 816 Madrid Street | 1,716 Square Feet Of Living Space | 3 Bedroom/3 Bath| List Price: $269,000 ($156.00 per square foot)
If you are interested in buying, selling, building or renting and are looking for a real estate agent who specializes in Coral Gables, please feel free to contact me at 305.342.1623 or send me a note here.
Where Are The Flood Zones In Coral Gables?
August 12th, 2011 Categories:Buying Real Estate In Coral Gables
I recently received access to some great thermal imaging maps. The above map shows the flood zones in Coral Gables. The flood zones are determined by the Federal Emergency Management Agency (FEMA). The areas in red indicate a high risk area, meaning that it has a 1 percent or greater chance of flooding and a 26 percent chance of flooding over the life of a 30 year mortgage. A moderate (yellow) risk area is between risk limits of a 100 year and 500 year flood.
Coral Gables is shaded in purple and you can see that a large portion of the Gables lies in a flood zone. The area on the east side of Old Cutler is all in a high risk area. These particular communities (Gables Estates, Cocoplum etc) contain some of Coral Gables priciest homes.
If you are interested in buying or selling a home in Coral Gables and are looking for an experienced realtor, please don’t hesitate to contact me on my direct line at 305-342-1623 or send me a message here.
