Archive for the 'Market Reports' Category

Sunny Isles Beach back in 1970 – Where is Jade Signature?

Do you think someone could imagine back in the ’70s that Sunny Isles would become the Riviera it is today?

The Newport Beach Hotel and the Fishing Pier. Where’s Oceania, Turnberry Ocean Colony and Trump I, II and III?

Not to mention Jade Beach, Jade Ocean and the site of future Jade Signature!

 

If you are considering purchasing or selling an exceptional residence, please contact me at 305.773.0253 and I will meet with you and show it a customized presentation. You will see the benefits of working with my Group and obtaining results. Real Estate simply Better.

South Florida Market Report for 1st Quarter of 2013

What Happened in South Florida Real Estate during the First Quarter of 2013?

Both Miami -Dade and Broward counties continue showing signs of recovery in the real estate market

What is the most active zip code in Miami-Dade?

33160 – Sunny Isles Beach   – Let’s take a look at the chart below, for Sunny Isles Beach

Condos for sale in the $700,000 to $1,500,000 price range, came down from 157 in the 1st Quarter of 2012 to  130 in the 1st Quarter of 2013. That is a 17.2% Decrease. While the number of condos Sold in the same period of time went up by 40% and the percentage of condos that went under contract increased by 20%.

 

 

The market in Sunny Isles Beach is “hot” and it is transforming into a Seller’s market where Buyers now have to be ready to make an offer as soon as they find the residence they are looking for before it is gone.

Please, take a look at the new update in TRENDS for detail information

ONE THOUSAND MUSEUM – ZAHA HADID

Miami Best New Project

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AVENTURA – WATERWAYS MARINA MARKET REPORT MARCH 2013

Market Trends for the Condominiums by the Waterways Marina

The City of Aventura has a special appeal to many … its parks, the Aventura Mall, Turnberry Golf and Resort are some of the reasons many people choose the City of Excellence to live or have a second home.

As for the real estate aspect of it the City of Aventura is also experiencing signs of change. Let’s take a look at a particular area in the city. The condominiums surrounding the Waterways Marina. Specially Harbor Towers, Harborside, and Portsview.

But first let’s take a look at the Total Inventory of condos for sale for the zip code 33180 in Aventura

Since May 2012,  the market has been showing signs of a downward trend in inventory with some ups and downs. What is this telling us? Well, that the market is much more active with more demand from Buyers and more sales.

What is happening in Porstview, Harborside and Harbor Towers?

As you can see in the chart below the number of homes for sale in these three towers is slowly coming down as Pended Sales have increased.

Months of Inventory for Portsview, Harbor Towers and Harborside based on Pended Sales

At this pace if no new condos are listed for sale we will run out of inventory in 4.5 months.

What about current condos for sale in Portsview?

There’s currently 9 condos for sale at Portsview with prices per square foot ranging from $256 to $320

Closed Sales and Pended Sales for Portsview

For more information and to preview any of these residences, contact me at 305.773.0253 or email me at [email protected]

How’s the Hollywood, Florida Real Estate Market?

Monthly Report for Hollywood, Florida 33312 – January – February 2013

This monthly report covers the areas between Hallandale Beach and Fort Lauderdale. The market is hot and we will review the latest numbers.

 

 

 

 

 

Total Inventory of Single Family Homes for Sale  in Hollywood/Dania/Fort Lauderdale, Fl 33312

The Decrease in Inventory is significant,  from almost 84 homes for sale in April of 2011,  to around 60 homes in January 2013.

Median Price  of Single Family Homes

 Another constant in the past 5 months is the increase in the Median Price for single family homes from $575,000  to above $650,000 in February 2013. This value is for homes in the Upper Quartile.

Price Per Square Foot for Broward County for Single Family Homes in the Top Quartile

 

And the data shows similar behavior when we see the chart above. The price per Square Foot has increased to above $252/Sq ft in the area.

Home Sales in Hollywood, Florida outnumber supply and the Market Action Index has been moving upwards in the past few weeks leading the market towards a Seller’s Market. Watch for upward prices if the trend continues.

As I continue watching the market and working with Sellers and Buyers I will update this post through my Blog and my Facebook and Twitter accounts. Like my page Realgreentrends

 

HOLLYWOOD – DANIA REAL ESTATE MARKET REPORT FOR JANUARY 2013

How is the Single Family real estate market doing in the Hollywood/Dania/Fort Lauderdale corridor?

How many Days does it take to sell a Home in Hollywood – Dania – Fort Lauderdale?

According to the last reports demand is growing and in the chart below we can see that the Days that a home stays on the Market until it goes under contract are shrinking. It takes an average of 90 days to sell a home. Much less than in previous years!

 

How is the Median Price per Square Foot?

Market is showing signs improvement, median prices are now at $229/Sq. Ft.

For more information contact us at 305.773.0253 and visit our Single Family Homes website www.3241forestviewcr.com

HOLLYWOOD HOMES MARKET REPORT – FOREST VIEW LAUNCHES SECOND PHASE

As inventory Shrinks Buyers become more Active

We are experiencing the recovery of the Real Estate Market in Florida with more intensity now. In Hollywood,  very close to Miami-Dade county, the number of inquiries, appointments and sales are increasing steadily. A trend that seems to have come to stay.

At Forest View, we are launching the Second Phase to develop and sell these incredible single family homes. A private  community envisioned for those families looking for quality, class and a special lifestyle.  A gated 31 elegant estate homes community. Private, serene, surrounded by majestic oaks and conveniently located just minutes from expressways and the Ft. Lauderdale airport. Superb floor plan, choice of exterior architectural design and color. French doors. Impact glass windows. A great lifestyle.

 

Recent numbers and figures show the change I talk about:

 

 

 

 

 

 

 

 

 

 

 

 

 

The Chart above shows the decline in the number of homes for sale in the area for the past 12 months

 

Median price is also a marker to consider when analyzing the market. And it is going up.

 

 

 

The Average days on the market shows us signs of increasing demand in the Forest View area.

Visit  the community website for more information about this project: Forest View Estates

 

For more information please contact me at 305.773.0253 or email me at [email protected]

September 2012 Market Report for Hollywood, Fl 33012

Sales Up in Hollywood, Dania and Fort Lauderdale corridor

With more customers coming to Forest View Estates and more offers coming in,  I thought it was necessary to review the recent sales and numbers for the area and this is what came up.

 

The Hollywood/Dania/Fort Lauderdale area corridor just West of I-95 is now experiencing the change that already pushed prices up in other areas of Miami-Dade and Broward counties.

Data for Single Family Homes in Hollywood, Dania Ft. Lauderdale 33312

Months of Inventory based on Closed Sales : Inventory was reduced from 8.9 months to 7.4 months in the past 6 months. Showing a significant increase in sales and faster absorption.

Average Price per Square Foot: This went up from $226 per square foot to $239 per square foot in just 6 months.

Sold vs For Sale Prices : The difference between asking price and sale price was asking $660,000 to sell at $642,000. Meaning that the gap between asking price and sale price is narrowing. This tells us that what was once a strong Buyer’s Market is now changing and Sellers and being firmer when it comes to negotiating their asking prices. 

(click on the images for a larger view)

Another sign of market changes: Recent appraisals show current market values for homes in the area. Something unimaginable 6 months ago.

Contact me for more information on Forest View Estates and this private community. Homes start at $560,000 and the community will feature 31 magnificent estates built to suit.

 

 

 

 

 

 

 

 

 

 

 

 

September 2012 Report – Last 30 Days Closed Sales Report – 31 Condos Sold in Miami Beach, Bal Harbor & Sunny Isles

Sales of Luxury Condominiums continue to Rise

With over one sale per day sales of luxury condominium residences in Miami-Dade county continue on an upswing

 

Top Sales  in Sunny Isles, Bal Harbor and Miami Beach …

• Penthouse Residence in Jade Beach sold for $4,100,000 at $990 per Sq.Ft
• Bal Harbor Tower in Bal Harbor sold for $3,000,000 at $852 per Sq. Ft.
• The Bath Club in Miami Beach went for $$3,550,000 at almost $766 per Sq. Ft

Just above a $1,000,o00 in Sunny Isles and Aventura …

• MillenniumCondo sold for $1,000,000 at $452 per Sq. Ft.
• Trump Tower 2 sold for $1,060,000 at $540 per Sq. Ft
• Atlantic I at The Point sold for $1,090,000 at $466 per Sq.

 

The South Florida Real Estate Market is changing. We know that there are several factors that affect the real estate market including unemployment, upcoming elections, world politics and economy. We cannot predict what will happen we can only work with what we have and the charts below are self explanatory:

 

 

 

 

 

 

 

 

 

 

As I write this blog, I am working with Sellers reviewing this information  to start marketing their properties. And given this information and our unique marketing strategy we know the outcome will be very positive.

I will provide you with more information about new developments and new construction in South Florida including Midtown, Sunny Isles, Bay Harbor Islands, Hallandale and Hollywood. Contact me for a private presentation.

 

 

 

South Florida Market Report August 2012 – Hollywood, Florida

Hollywood Beach

I’m amazed. Actually I am not sure if I am amazed…

Skeptics kept saying that Hollywood Beach was going to remain the way it was. A town with just a number of high-rises and several hotels and motels that attracted snow-birds.

Well, South Florida market is changing and change is coming to Hollywood Beach too.

With the first luxury high rises built between 2006 and 2008 including Diplomat Ocean Residences and Ocean Palms, Hollywood Beach set sail to a new horizon.

Now, that Trump Hollywood  has sold out and resales are becoming the new reality (my buyers are thrilled to close this week and start decorating their unbelievably spacious residence above the 37th floor), Hollywood Beach is getting ready for a new phase and prices show this reality.

Please, take a look at what’s happening in this quaint town revamped by the new boardwalk, restaurants, hotels and shoppes.

Condo Median Prices Per Square Feet in Hollywood Beach Florida

 

Condo Inventory for South Broward County, Florida

 

Market is changing and demand remains high with a marked decrease in inventory. New buildings are coming up like Apogee Beach and some developers are purchasing land to start new construction north of Trump Hollywood.

So, yes these are amazing times for South Florida Real Estate and savvy buyers and sellers are making important decisions …

I will provide you more information and will assist you with your Real Estate needs.