Real Green Trends

How much does a Sunny Isles, Miami Beach, Bal Harbour condo should cost?

Adriana video blogs about how a client has recently asked:  How Much Should The Value Increase Per Floor?

Please tell me what you think by sending me your  feedback to [email protected] and visithttp://www.realgreentrends.com for all Adriana Faerman Video Blogs. Please note that opinions, real estate practices, prices and information  changes over time, so please keep in mind the date when this video was published as the information could have become irrelevant over the past days, months and year.

Do you know how much Aventura rocks?

Another Spring day in Aventura and it looks like this:

Single family homes and Condos/townhomes have been steadily maintaining their prices. So let’s take a look at the real estate market in Aventura?

A little more on Aventura

AVENTURA – SUNNY ISLES LUXURY CONDOMINIUMS – What is happening in this segment of the market?

Are there any real opportunities to buy luxury condos in Aventura or Sunny Isles at discounted prices?

For Aventura  andSunny Isles Beach -  between $1,000,000 and $1,500,0000 – there are 173 condos for sale, 7 pending sale and 17 condos were sold in the past 90 days.

 The Average date in the market for these condos were 208 days.

The List / Sale Price Ratio  indicates that Sellers are reducing their asking price between 8% to 15% of their asking price on average

The Market Action Index indicates that this remains a strong Buyer’s Market with great opportunities to choose from.

Again this week, in Sunny Isles and Aventura we have seen a downward notch for prices. Pricing has been weak for the past weeks. Demand level are relatively to the high inventory.

Among the Available Condos for Sale in this price range I can list:

6000 Williams Island Blvd. –  BellaMare , at Williams Island : A gorgeous 3 Bedroom 3 Bath condo with 2840 Square Feet in great condition. Appointments include: Extensively designed marble floors, upgraded bathrooms.

 Ocean I – 19333 Collins Ave. – Sunny Isles Beach, Fl 33160  - Rarely available 3Bedroom.3.5Baths condo for sale at Ocean One. Unobstructed ocean, Intracoastal and City views! Unit includes parquet floors, spacious kitchen with granite countertops.

16047 Collins Av., Sunny Isles, Fl – Turnberry Ocean Colony - Developer Residence, luxury waterfront living at its best. Amazing views, unbeatable taste.

JUST SOLD: 3301 NE 183 ST, Aventura, Fl 33160 – The Peninsula, Sunny Isles, Fl 33160 -  Asking Price: $1,498,400. Sold for $1,250,000.

6,000 SF. 5 Bedrooms and staff quarters, 7 bathrooms. A unique double penthouse at Peninsula One. Sold in just 7 days.

21200 Point Pl., Atlantic I at the Point, Aventura, Fl 33180  - Luxurious and spacious unit with floor-to-ceiling windows and panoramic views of Intracoastal, Waterway, Ocean, Golden Beach homes. Corner wrap unit facing East and NE. Marble Flooring throughout and bedrooms in high quality hardwood. All closets are customized in wood.

City of Aventura – How Green Can your Condo Go? Green Iniciative for the Summer 2009

The City of Aventura announces a call for Builders and Developers who follow the Green Iniciative.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

This Green iniciative is one more step that the City of Aventura in South Florida is taking towards helping the environment and turning our city into a green friendlier town.

The new resolution will include marketing of green buildings on site construction signs. Plaque on the building designating the project under the Program.

Through this ongoing effort the City of Aventura, once again, tackles this important issue that will ultimately benefit all of us.

To read more about this program to can log on to the City of Aventura website.

Are you looking to move to South Florida? Are you interested in selling your Aventura Home? If you are ready you should work with someone you know and trust. Let me help you and show you how you can sell your condo for the highest profit possible in the least amount of time.

Adriana Faerman | Real Estate Simply Better | [email protected] | 305-773-0253

AVENTURA – CONDO FOR SALE: 3600 YACHT CLUB DR., FL 33180

NEW LISTING AT THE WATERWAYS MARINA – HARBOR TOWERS – 3600 YACHT CLUB DR., UNIT 503, AVENTURA, FL 33180

 

Spectacular view South towards Miami,the Marina and East towards the Ocean.This 3 Bedroom (3rd Bedroom maybe used as an Office)and 2 full Bathroom unit has Marble floors,eat in kitchen,Formal dinning area. This home is ready to move in. The Condo Building,with valet parking has been re-decorated with a modern yet classic lobby . A completely equipped gym,exclusive pool and Tennis court, , a walk along the Marina to dozens of restaurants,coffee shops.A free shuttle bus to Mall

Appointments in Aventura Condo include:

• 1850 Square Feet
• 3 Bedrooms 2 Bathrooms.
• 2 Assigned parking spaces

Asking Price: $459,900

For a complete list of listings in the area, just give me a call and visit my website at REALGREENTRENDS. There you will find interesting information for Aventura condos, homes and waterfront communities for sale. Realgreentrends is the  perfect site to market your properties. I strive to attain my South Florida sellers’ needs, including netting the highest profit in the minimum time frame with least amount of problems. If you want to sell your condo or home in Aventura and Sunny Isles meet with me and you will see the results you are searching for.

 Adriana Faerman | Real Estate – Simply Better |follow me on twitter @adrianafaerman

 

AVENTURA CONDOS – MARKET REPORT FOR AUGUST 2009

Are you looking to buy? It is easy to find Aventuraq condos or homes  for sale on the Internet. You can also find information like the one I am posting below. What does that information mean? How should we read it.

Which would be the best offer? Are you a market insider?  How can you beat other buyers? These an other questions might come to your mind. And the answer is … Internet is great but a savvy buyer will still seek the help of a seasoned broker.

     

     

 

Market Report for Condos f in for August 2009

 

 

 

At this point Prices in Aventura for Condos for sale are in a plateau. Buyers looking for deals and opportunities in the Aventura market are now taking action and we see a more active market.

If the market action index begins to move up, we will see a shift towards a Seller’s market for the City of Aventura and a reduced number of condos for sale; although this may still take some time.

Local conditions are still int he Buyer’s market zone with a large inventory available of condos for sale in Aventura, Fl at the current sales rate.

 

Quartiles for Aventura Condos - August 2009

 

 

 

Do what you know best and leave the rest to the expert.

ADRIANA FAERMAN – REAL ESTATE SIMPLY BETTER

 Broker Associate, REO Certified – [email protected] | 305-773-0253

For updated reports and more information Subscribe to my blog and follow me on twitter.com

South Florida Green News – Contaminated Drywall

Real Estate News for the Green Friendly Consumer

Things You Need to Know about Chinese Drywall

When selling and buying real estate, either homes or condos in South Florida, there is nothing better than an informed buyer and seller.

Here in the area of Aventura, Sunny Isles and Hollywood we have heard too many stories about developers being in trouble because of the suspected use of Chinese Drywall.

Well,  I bet we are all worried if this poses a health threat to us, our families or pets. However,  the Division of Environmental Health has yet to determine it.

The DOH does not have the necessary resources to visit homes and collect material samples for analysis. And, unfortunately the most definitive method to date is finding a “made in China” marking on the back of the sheet of drywall.

For more answers to your questions you can always visit Floridas Health site.

There is now an Chinese/Defective Drywall Addendum that buyers should require to be included in the buyers/sellers contract. Buyer may choose to conduct a risk assessment or inspection for the presence of Chinese/defective drywall.

If you would like to receive more information I can email you the addendum and guide you through your purchase especially if the home or condo you are looking to buy has been built or updated after 2003.

Please, leave me a note and I will respond.

Home Refinance Program – South Florida Real Estate

 

President Obama’s Plan was created to help homeowners refinance or modify their mortgages to a payment that is affordable, both now and in the future.

Can someone translate all these refinance and loan modification terms into simple language for all of us?  I read blogs, news and listen to debates with specialists on TV; and the more I hear the more questions I have. And, I guess, I am not alone. So, I shared my concerns with my friend Philip Hatfield  who was kind enough to write the following article to help me understand the Loan Modification structure. Hope it helps you as much as it did to me. Please, let me know.

Home Refinance:
Many homeowners pay their mortgages on time but are not able to refinance to take advantage of today’s lower mortgage rates, perhaps due to a decrease in the value of their homes. The Home Affordable Refinance will help borrowers whose loans are held by Fannie Mae or Freddie Mac to refinance into a more affordable mortgage.

Refinance Common Questions:
1. How do I know if I am eligible?
You may be eligible if:
• You are the owner occupant of a one to four unit home,
• The loan on your property is owned or securitized by Fannie Mae or Freddie Mac (see below)
• At the time you apply, you are current on your mortgage payments (current means that you haven’t been more than 30-days late on your mortgage payment in the last 12 months or, if you have had the loan for less than 12 months, you have never missed a payment),
• You believe that the amount you owe on your first mortgage is about the same or slightly less than the current value of your house,
• You have income sufficient to support the new mortgage payments, and
• The refinance improves the long term affordability or stability of your loan.

2. What information do I need to provide
It will help your lender if you gather some information and documents before you call. You will need:
• Information about the monthly gross (before tax) income of all the borrowers on your loan, including recent pay stubs if you receive them or documentation of income you receive from other sources.
• Your most recent income tax return.
• Information about any second mortgage on the house.
• Account balances and minimum monthly payments due on all of your credit cards.
• Account balances and monthly payments on all your other debts such as student loans and car loans.

3. How do I know if my loan is owned or has been securitized by Fannie Mae or Freddie Mac?
You should call your mortgage lender or servicer (the organization to whom you make your monthly mortgage payments) and ask about the program.
Both Fannie Mae and Freddie Mac have established toll-free telephone numbers and web submission processes to make this data available. Borrowers will provide or enter information to determine if either agency owns or securitized the loan. This information is not a guarantee of eligibility for the refinance program, as other qualifying criteria must also be met.

For Fannie Mae,
1-800-7FANNIE (8am to 8pm EST).
www.fanniemae.com/loanlookup

Freddie Mac
1-800-FREDDIE (8am to 8pm EST)
www.freddiemac.com/mymortgage

Home Modification:
Many homeowners are struggling to make our monthly mortgage payments either because our interest rate has increased or we have less income. The Home Affordable Modification will provide them with mortgage payments they can afford.

Modification Common Questions:
1. How do I know if I am eligible?
1. Is your home your primary residence?
2. Is the amount you owe on your first mortgage equal to or less than $729,750?
3. Are you having trouble paying your mortgage?
   For example, have you had a significant increase in your mortgage payment OR reduction in your income since you got your current loan OR have you suffered a hardship that has increased your expenses (like medical bills)?
4. Did you get your current mortgage before January 1, 2009?
5. Is your payment on your first mortgage (including principal, interest, taxes, insurance and homeowner’s association dues, if applicable) more than 31% of your current gross income?

If you found this article interesting you can alway leave your comment and contact information and I will contact you back.

For further questions on this topic you can reach Philip at – [email protected] or 305-345-2781

Condominiums For Sale and Sold in Portsview, Harbor Towers and Harborside Towers

Aventura Real Estate

The following is the recent sales and listing activity for Aventura’s waterfront community of Harbor Towers, Harborside Towers and Portsivew.

Market Trends for Portsview, Harborside Towers and Harbor Towers, at the Waterways Marina

Number of new listings: 8

Lowest priced condominium: $280,000  – Unit 411 – 1187 Square Feet, in Portsview.

Highest priced condominium: $599,000 – Unit 1506 – 1800 Square Feet,  in Harborside Towers

Total For Sale: 31 condominiums - Difference from last month: <1 

Total Pending Sale: 3 – Difference from last month: 0

Total Closed : 1 -  Difference from last month: <1

It should be noted that these days most sales are either REOs (bank owned units) or estate sales. And that is the case for the last two sales that took place in Harborside Towers. One was a foreclosure; and the other one an estate sale.

Hence, if you are looking to sell, price your property right from the beginning at a competitive price (i.e. at foreclosure prices) and you will see results.

Has the information included in my report provided you some insight? Please, leave your comment and contact me and I will assist you.