June 10, 2015

The City of Miami is considered one of the most connected cities in our nation; A city where the entire economy has its focus on the next big banking deal, real-estate deal, and general consumerism. Miami-Dade is very internationally driven so it made sense when South Florida real estate brokers went on a mission to make grand deals for our South Florida cities. Several South Florida realtors and brokers traveled to Beijing last month with hopes to develop interest with wealthy Chinese buyers. The goal was to get them to invest in luxury property and land in South Florida. Presently the luxury real estate market is growing exponentially.

However, with prices at luxury levels the local residents are not able to afford these properties. Developers and brokers are casting their fishing line in other waters. Countries in Europe and the nation of China are taking great interest in investment opportunities in Miami, and South Florida is absolutely dependent on the foreign cash flow as it is presently the driving force for Miami’s real estate market.

An example of this would be last year’s purchase of a 2.4 Acre site in Brickell by a Chinese investor who paid a whopping $74.7 million for the site. South Florida has been ahead of the pack when it comes to international real estate sales, with purchases like the one mentioned. Particularly Chinese investors come from the world’s most populated country. Therefore, they understand smart ecofriendly design that drives economy; this understanding will further increase Miami real estate sales and development which can enrich our city.

Presently there is a clean-up movement alongside the Miami River. Seaside views are limited in our city and that stretch by the Miami River provides land with waterside that is much needed. The promise of international development has ensured the Miami River clean up and furthers city growth. The international market promises development, economy, and prosperity for South Florida. However, it does leave you wondering… Will the locals reap any of these benefits?

Filed under: Blog by Admin
No Comments »

May 27th, 2015

Planning on selling your home in the coming months? This decision could not have come at a better time. The demand for single family homes is high and supply is very low.  Single family home sellers are benefiting from an auction like atmosphere with a multitude of buyers fighting for their next home. This environment promises higher sale prices and ridge-less conditions making the selling process a lot less difficult for both the sellers and their families.

It must be noted however, that there may be more competition about to surface. This competitor takes the form of newly constructed homes. This development may very well put an end to the limited single family home inventory therefore seizing the current buying frenzy for the limited inventory of single family homes. The inventory has been very low for over a year, these new homes in the market will definitely tip the scale.

In the most recent report from the National Association of Realtors (NAR) it was foreseen that construction of new homes and their sales will rise substantially in the next two years.With a new home national forecast of 1.1 million starting this year, and jumping to 1.4 million by 2016.

Locally single family homes sale price have risen in value contrasting the median sale price of $243,000 from April 2014. The current median sale price stands at $260,000; that is a 7.0% increase in just a years’ time. However, new property developing locally in the near future broadens the market. In turn causing your home sale revenue to be substantially less than what it would be in the current market.

Seeing a lot of new developments in your area? Looking to sell? With forecasts like these made by the National Association of Realtors, we highly advise selling sooner rather than later.

Filed under: Blog by Admin
No Comments »

May 15th, 2015

The real estate market of 2015 and specifically this spring is showing huge buyer demand for homes. The market is currently at the highest peak it has had in years. The demand in so many markets is so high that it is far exceeding the supply. Economist Lawrence Yun Chief for the National Association of Realtors commented that “March sold at a faster rate than ANY month since last summer”. Properties this year are selling within 4.6 months’ time which compared to the historical average of 6 months makes today’s current market an ideal time to list your property and move into your dream home. If this rate of sale is not enough maybe future savings will be a good motivator.

According to the “Home Price Expectation Survey” which polls consists of 100 economists, investment strategists and house market analysts, it is expected that the appreciation of home values in the next 5 years will increase to be between 11.7% and 27.5%. Home values will only continue to rise, although waiting for your own home to rise could potentially price you out of your hopes of buying your dream home. With those facts put in place, it has to be reinstated that today’s market is ideal. Additionally the Mortgage interest rates are still near record lows, remaining themselves below 4% for some time now. However predictions have been made that in the next 12 months this record low will be no more. Interest rates are expected to rise, which will impact your monthly mortgage in a big way. To put it in perspective; just half a percentage point change in interest can really damage your family’s net worth. With both the cost of property and mortgage rate perpetually increasing, it is important that you determine if you should or shouldn’t wait to purchase a home. Looking strictly at the numbers, buying your home sooner rather than later could really save you a large sum of money. If it is the right time for your family and yourself, being at the right level of readiness couldn’t have come at a better real estate time. it really is the perfect time to buy.

Filed under: Blog by Admin
No Comments »

April 1st, 2015

8870 SW 54 ST Miami, Florida 33165

With this open floor plan, perfect for entertaining. Light bright open floor plan, great room concept (45’x15′) with views of pool and patio from big kitchen, family room, and dining room. Updates galore include: kitchen remodeled in 2010 with new granite counters, back-splash, new stainless steel appliances, all new bathrooms in 2011 and 2013, new roof in 2013, new flooring updated in 2009 and much more!  Vaulted screened pool next to screened 15’x16′ aluminum roofed patio. Over-sized one car garage. Private fenced yard. Great home for entertaining.  This spacious home is the perfect for gatherings with friends and family.

Filed under: Blog by Admin
No Comments »

March 10th, 2015

17240 SW 87 AV, Palmetto Bay, FL 33157

All the expensive updates are done. The home has new wood kitchen cabinets with stainless steel appliances, granite counters, newer bathrooms, all new PGT impact windows and doors!  Foyer opens to both living room and dining room. Gorgeous kitchen with built-in wine rack opens to family room with brick fireplace perfect for unwinding with friends and loved ones. This beautiful Palmetto Bay home additionally has a separate breakfast room with pantry and separate laundry room.  Large Master bedroom has walk-in closet and beautifully tiled bath.  Roofed patio (49’x13′) overlooks dome screened pool, large deck and fenced backyard with view of canal. Come see this beautiful and cozy Palmetto Bay home.

Filed under: Blog by Admin
No Comments »

February 20th, 2015

7401 SW 142 TERRACE, Palmetto Bay, FL 33158

Calling all cooks! This AMAZING and Beautiful Palmetto Bay home comes with a top-of-the-line kitchen (approx. 24′ x 13′) with tons of gorgeous cabinets, granite counters, stainless steel appliances and breakfast area.

ALL SANITARY & WATER PLUMBING LINES REPLACED (OVER $60,000) on 2012 followed by the addition of NEW bathrooms and NEW flooring. Kitchen opens to family room. The home is a fantastic space with an Open Great Room for living and dining ( 32′ x 15′).

Large master bedroom (approx. 28′ x 14′) with large bathroom, with custom 2014 his & hers walk-in closets. 2 car side-entry garage. Small boat ramp to canal that leads to lake.

Filed under: Blog by Admin
No Comments »