Is Global REALLY The New Local?
January 18th, 2012 Categories:Coral Gables Real Estate
At a recent Inman real estate conference in NY a common theme among the speakers was that “Global Is The New Local”. I thought about this statement over the past few days and have to say that I respectfully disagree. Yes, a Realtor’s global reach is an essential part of his/her business particularly here in Miami where a major percentage of buyers are international. It is one reason why my team focuses so much on the internet and technology. However we must never forget that having a local presence, knowing your local colleagues and the local real estate market is a fundamental factor in every agent’s success. Just in the past two weeks I have written contracts for two different buyers who would have never gotten the properties had I not had a very good relationship with the agents on the other side.
In my opinion, being a local agent is and always will be at the heart of any real estate transaction.
Modern Home Designed By Donald Singer For Sale In Coral Gables
January 17th, 2012 Categories:Coral Gables Real Estate
If you like modern homes you should check out 5655 Kerwood Oaks Drive designed by world renowned architect Donald Singer. The home is listed for $3,850,000 in Coral Gables by One Sotheby’s. The home sits on a large 68,000 square foot lot with tennis court, magnificent gardens and pool.
If you read my blog you may remember that another Donald Singer home sold on the same street last year for $2,150,000. Click here to see a photo.
When listing or buying a home it is essential to have a local Realtor who knows the numbers, tracks the market and can value a home correctly. If you are interested in buying or selling I would be happy to meet with you for a no pressure consultation. Please feel free to contact me directly at 305-342-1623 or send me a note here.
Record $15,835,000 Sale In Gables Estates, Coral Gables
January 13th, 2012 Categories:Coral Gables Gated Communities, Coral Gables Waterfront Homes
This week the home located at 181 Leucadendra Drive in the prestigious gated community of Gables Estates closed for a sales price of $15,835,000. This is the highest sale on record in Coral Gables. The home sat on a lagoon in Gables Estates and offered 7 bedrooms, 7 baths with 14,946 square feet of living space on a 48,274 square foot lot with 270 feet of water frontage. The home sold for $1,059 per square foot. The listing agent was Audrey Ross of EWM.
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.
New Listings For The New Year In Coral Gables
January 12th, 2012 Categories:Coral Gables Real Estate
As predicted, the new year has brought many new listings to the market. Since January 1, 2012 there have been a total of 19 new homes to hit the MLS in Coral Gables. 80% of these homes are priced under $1,000,000 which is great news because that is the most active segment of the market these days.
A new one that has come on the market that is worth checking out is the home located at 3907 Toledo Street, see photo above. The home is listed at $620,000 ($240.00 per square foot) and is updated with a pool, 4 bedrooms, 5 baths. The home is listed by Slesnick and Jochem. View more photos 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.
High Turnover Between 72nd and Hardee Road
January 11th, 2012 Categories:Coral Gables Real Estate, Coral Gables Waterfront Homes
The area of Coral Gables that is located south of Hardee Road and north of 72nd Street experienced quite a bit of turnover in 2011. There were 30 homes sold (see red pins on map below) with the average sale coming in at $1,000,000. It is a prime location due to its proximity to South Miami as well as downtown Coral Gables and Coconut Grove. I also know buyers who really like this neighborhood because it is just steps away from the highly desirable Sunset Elementary School.
There are approximately 22 homes for sale in this neighborhood with prices ranging from $589,000 all the way up to $9,975,000. It is possible to get a canalfront home with Bay access here for under $2,000,000. Click to scroll through homes for sale south of Hardee Road and north of 72nd.
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.
Luxury Homes In Coral Gables
January 10th, 2012 Categories:Coral Gables Real Estate
Coral Gables is home to some of the most spectacular properties in South Florida. Here is just a sample of some of the great amenities offered by these luxury estates.
Library | 650 Casaurina Concourse | Gables Estates | 8 Bedrooms, 6 Baths | 13,853 Square Feet Of Living Space | Canalfront | List Price: $15,000,000 | Listed by Coldwell Banker.
13019 Mar Street | Gables By The Sea | 5 Bedrooms, 5 Bathrooms | 7,765 Square Feet Of Living Space | Waterfront | List Price: $14,000,000 | Listed by EWM Realtors, Inc.
Bar | 10801 Snapper Creek Road | Snapper Creek Lakes | 7 Bedrooms, 10 Baths | 11,242 Square Feet Of Living Space | List Price: $7,450,000 | Listed by Shelton and Stewart.
Summer Kitchen | 6500 Riviera Drive | 6 Bedrooms, 6 Baths | 8,558 Square Feet Of Living Space | List Price: $7,450,000 | Listed by EWM Realtors, Inc.
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.
Multiple Offers Abound In Coral Gables
January 9th, 2012 Categories:Coral Gables Real Estate
Buyers are acting fast these days. Many of them have been looking at property for months and know a well priced property when they see one. I am working on a few deals right now in the Gables where there are multiple offers. The deals are all coming down to who has the better terms which is another reason why cash is king in this market. Keep in mind, a contract with no financing contingency is a major advantage in any transaction. In 2011, 150 of the 470 closed sales in the Gables were cash.
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.
First Sale Of 2012 In Coral Gables!
January 6th, 2012 Categories:Coral Gables Real Estate
The first closed sale of 2012 came across the wire yesterday. The home was located at 838 Milan Avenue and offered 2,764 square feet of living space on a 13,678 square foot lot. The home was listed for Prudential and sold for $685,000. There are currently 86 pending sales in Coral Gables waiting to close. Included in these pending sales are two homes priced over $15,000,000. These numbers indicate to me another great year for real estate in Coral Gables!
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.
Coral Gables Real Estate 2011 Year In Review
January 5th, 2012 Categories:Coral Gables Real Estate
Just about all of the sales from 2011 are in and we can start getting down to what I love best, the numbers! There were a total of 470 single family homes sold in Coral Gables last year consisting of $465,000,000 worth of volume. That is 62 more homes than were sold in 2010 which makes 2011 a record breaking year for Coral Gables.
Here we go….
Coral Gables Waterfront Homes
56 Sold | Average Selling Price: $2,404,945 | Average Selling Price Per Square Foot: $458.00
Coral Gables Non-Waterfront Homes
414 Sold | Average Selling Price: $798,597 | Average Selling Price Per Square Foot: $253.00
Coral Gables Golf Course Front Homes
15 Sold | Average Selling Price: $1,789,000 | Average Selling Price Per Square Foot: $348.00
Coral Gables New Construction
7 Sold | Average Selling Price: $2,580,000 | Average Selling Price Per Square Foot: 379.00
Highest vs. Lowest Sale In Coral Gables
$9,000,000 vs. $103,300
Highest vs. Lowest Price Per Square Foot In Coral Gables
$1,322.00 vs. $85.00 per square foot
Highest Non-Gated Community Sale In 2011
6312 Riviera Street | Waterfront | Sale Price: $4,500,000 | 11,203 Square Feet Of Living Space | 68,860 Square Foot Lot
Highest Non-Gated Community, Non-Waterfront Sale In 2011
1101 North Greenway Drive | Sale Price: $3,500,000 | 6,429 Square Feet Of Living Space | 25,275 Square Foot Lot and 4515 Santa Maria Street | Sale Price $3,500,000 | 5,763 Square Feet Of Living Space | 12,500 Square Foot Lot
To scroll through a list of all 470 sold homes in Coral Gables by clicking 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.
Great Old Spanish Home Hits The Market In Coral Gables
January 4th, 2012 Categories:Coral Gables Real Estate
I just took a client to see this Old Spanish home that hit the market over the weekend. I wanted to share it with my readers because it is a spectacular house in great condition and is located at 3904 Durango Street which is in the Golden Triangle. Built in the 1920’s, the home has been impeccably maintained and carefully restored. It offers a foyer, formal living room with fireplace, den, family room, large formal dining room, kitchen with Viking and Miele appliances as well as a large master suite. The home has 4 bedrooms, 4 baths with 4,039 square feet of living space and is listed for $1,599,000. Listed by Laura Mullaney of Coldwell Banker.
Old Spanish homes are in high demand especially in Coral Gables, I am sure this one will get snapped up quickly. To view more photos of 3904 Durango Street, 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.
