The Riley Smith Group…As Seen In The Miami Herald
January 3rd, 2012 Categories:Coral Gables Real Estate
Sunrise Harbour In Coral Gables – Unknown Pocket Of Luxury Homes
December 29th, 2011 Categories:Coral Gables Waterfront Homes
Many people aren’t familiar with the waterfront area of Coral Gables known as Sunrise Harbour. It is located east of US1 and north of Cocoplum. As you can see, the properties sit on little “fingers” of land that extend into the Gables Waterway allowing for quick access to Biscayne Bay. This year there have been 7 $2,000,000+ properties sold in Sunrise Harbour. The homes traded for a median of $2,200,000 or $503.00 per square foot. In my opinion, the area is slightly less pretentious than some of the other waterfront communities in Coral Gables.
To view homes currently for sale in Sunrise Harbour, click here.
I am in town and working over the holidays, if you would like to set up a listing or buyer consultation please contact me directly at 305-342-1623.
Mid-Priced Homes See High Activity In Coral Gables
December 28th, 2011 Categories:Coral Gables Real Estate
The price range between $500,000 – $700,000 is extremely active right now in Coral Gables. In 2011, there were 92 sales that fell within this range. On average, $500,000 – $700,000 in Coral Gables will get you 3 bedrooms, 3 bathrooms with 2,400 square feet of living space. At this price, many of the homes will need some updating especially as you get into the lower end of that range.
The map above shows you the homes for sale in Coral Gables priced between $500,000 and $700,000. As you can see most are listed west of US1 and there are no homes for sale in this price range south of Sunset Drive. As you move south of Sunset, you begin to get into the gated communities which have a starting price of more than $1,000,000.
I am in town and working over the holidays, if you would like to set up a no pressure listing or buyer consultation please contact me directly on my cell at 305-342-1623.
Another Home Sells On Santa Maria Street, Coral Gables
December 27th, 2011 Categories:Coral Gables Real Estate
A home located on the coveted Santa Maria Street in Coral Gables sold last week for a sales price of $1,250,000 or $285.00 per square foot. The home offered 4,380 square feet of living space on a 15.345 square foot lot with 5 bedrooms, 4 baths. I believe there was some discount built into the price due to the fact that it sat on the corner of Bird Avenue. The home was listed by Mauricio Barba of Coldwell Banker.
This transaction marks the 6th home sold on Santa Maria in 2011 which is a drastic increase in activity since 2010 where there was just 2 sales. To view a list of the available inventory on Santa Maria 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.
Cocoplum Has Record Year In 2011
December 21st, 2011 Categories:Coral Gables Gated Communities
With 27 closed sales and almost $70,000,000 in volume, Cocoplum has had a record setting year in 2011. Although the average sale price in Cocoplum has been steady at $3,000,000, the average sale price per square foot has risen from $398.00 in 2010 to $427.00 in 2011. This is just another indication that prices are on the rise in Coral Gables!
Cocoplum is a luxury gated community in Coral Gables. It offers both waterfront and non-waterfront homes. List prices range from $1,195,000 to $18,000,000. To view a list of what is currently available in Cocoplum, 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.
Old Cutler Bay – Market Update
December 19th, 2011 Categories:Coral Gables Real Estate
The real estate market in the gated community of Old Cutler Bay has been fairly steady this year. There were 4 homes sold with a combined total volume of $14,545,000. 3 of the 4 homes were waterfront which sold for an average of $720.00 per square foot. I would say that these figures are on par with other waterfront homes sold in gated communities this year.
Below is a list of the homes sold in Old Cutler Bay in 2011:
- 385 Solano Prado | Waterfront | 6 Bedrooms, 7 Baths | 10,308 Sq. Ft. LA | 28,725 Sq. Ft. Lot | Sale Price: $9,000,000 | Listed by EWM Realtors
- 640 Solano Prado | Waterfront | 4 Bedrooms, 2 Baths | 2,689 Sq. Ft. LA | 31,694 Sq. Ft. Lot | Sale Price: $2,375,000 | Listed by Avatar
- 430 Solano Prado | Waterfront | 4 Bedrooms, 4 Baths | 5,408 Sq. Ft. LA | 20,300 Sq. Ft. Lot | Sale Price: $2,175,000 | Listed by EWM Realtors
- 600 Reinante Avenue | Non-Waterfront | 4 Bedrooms, 3 Baths | 4,190 Sq. Ft. LA | 16,283 | Sale Price: $995,000 | Listed by EWM Realtors
To view homes that are currently for sale in Old Cutler Bay, click here.
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 selling your home I would be happy to give you a no pressure home valuation. Call me on my cell at 305.342.1623 or send me a message here.
Coral Gables Man Leaves Home To Pay National Debt
December 14th, 2011 Categories:Coral Gables Real Estate
A Coral Gables resident left his home to the government specifically to help pay down the country’s $15 trillion dollar debt. The property was designated a historic landmark, offered 3,866 square feet of living space on a half acre lot. It was auctioned off for over $1,000,000 (appraisal came in at $700,000). From the photos it appears that the house needed completely gutted and renovated on the interior.
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 On Pizarro Street, Coral Gables
December 12th, 2011 Categories:Coral Gables Real Estate
The foreclosure home located at 1227 Pizarro Street, Coral Gables sold in February for $240,000. The home had evidence of mold, structural issues and required new kitchen and baths. It offered 2,155 square feet of living space with 5 bedrooms and 3 baths on a 5,350 square foot lot. To view the old photos click here.
After going through a major renovation project, 1227 Pizarro Street came back on the market today priced at $615,500. To view the new photos, 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.
Luxury Homes Are Taking Drastic Discounts Off List Prices In Coral Gables
December 9th, 2011 Categories:Coral Gables Real Estate
Below are the 3 highest sales that have occurred in Coral Gables in the past 30 days. Take a look at the list prices compared to the final trade prices, those are some significant discounts. Not surprisingly, all three of these homes sat on the market for over a year before selling.
1) 6939 Sunrise Drive | List Price: $7,400,000 | Sale Price: $6,800,000
2) 325 Cocoplum Road | List Price: $6,900,000 | Sale Price: $5,500,000
3) 400 Costanera Road | List Price: $4,200,000 | Sale Price: $3,200,000
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.
The Riley Smith Group’s “Agent Reboot”
December 8th, 2011 Categories:Coral Gables Real Estate
Today I held my own version of “Agent Reboot” for some of my colleagues here at EWM Realtors to help motivate them as we head into 2012. Personally, I have successfully (and unsuccessfully) tried out many real estate models over the years and I am happy to share what I have learned. I often find that a few changes in your business model can produce big outcomes.
First of all, agents need to work this job as a business. By this I mean work smarter and have a plan. On a typical day my team does at least 10 things to generate business for ourselves and our clients. Whether it is adding a new contact to our database, writing blog posts, creating and sending out postcards, email blasts, calling agents about a price reduction, social media activity, etc., there is always something that can be done. Have a plan and stick to it.
Second, I believe that good customer service is rare in this industry and will really help to set you apart from the rest. Our team is rolling out some great new tools to really elevate our clients customer service experiences in the coming year. Once you set the expectation of great customer service with your clients, it is 100% motivation to put the plan into action.
Third, I am a true believer in setting goals. Write down every day where you want your business to be in the coming years, and how you will get there. Three years ago I created a chart which showed 50% sales growth for The Riley Smith Group for each of the following 3 years. Every day I looked at that chart and thought about how I was going to get there and what I could do to reach my goals. I am happy to say that I sit here at the end of those 3 years having had 50% growth each year.
So there you have it agents….make a plan and stick to it, exceed your customer expectations and make goals!
