Here is a follow-up from my previous Master Brokers Forum post, the facts below came from Alyce Robertson (Executive Director of Miami's Downtown Development Authority)... 1) In the past 3 years, Downtown Miami's condo inventory has gone from 62% occupied to a stunning 93% occupied. 2) The largest demographic buying Downtown Miami condos are 25-40 years of age. Consequently, the new businesses that...
The Master Brokers Forum event this past Wednesday took place at Downtown Miami's Vizcayne condo at 244 Biscayne Boulevard (formerly known as Everglades on the Bay) before it was bought out by the current developer. [caption id="attachment_1300" align="alignnone" width="366" caption="The Vizcayne Condo"][/caption] Tour of Dwayne Wade's Vizcayne Condo... The event started with a walk-through of Dwayne Wade's magnificent 3-story Penthouse in the building. ...
This week's Success Story... Our Sellers had their Coconut Grove townhouse for sale by owner for almost a year. During this period I kept in touch with them because I knew that they had a desirable property that would sell with the right... -Marketing And -Staging They were content paying 3% if we brought a buyer. It was the additional...
This week's Success Story... Our Sellers had their Coconut Grove townhouse for sale by owner for almost a year. During this period I kept in touch with them because I knew that they had a desirable property that would sell with the right... -Marketing And -Staging They were content paying 3% if we brought a buyer. It was the additional...
My wife and I are proud to say that we just purchased a single family home in Coral Gables. Our Home Buying Story... Many months ago, we started driving to open houses on the weekends to get an idea of the market. This quickly allowed us to start recognizing value when we saw it. Believe it or not, one can literally get the lay of the land...
The Seller Scenario... The ShowcaseMiami Team and I have been having conversations with the Sellers of a magnificent new construction home in Miami. The Question... Should the Sellers invest $50,000 to $100,000 more in finishes for the home so that the home can be marketed as "turnkey"? The Experts weigh in... You may recall the Miami Real Estate Seminars that I...
The Seller Scenario... The ShowcaseMiami Team and I have been having conversations with the Sellers of a magnificent new construction home in Miami. The Question... Should the Sellers invest $50,000 to $100,000 more in finishes for the home so that the home can be marketed as "turnkey"? The Experts weigh in... You may recall the Miami Real Estate Seminars that I...
1) De-clutter Challenge...I was working with a seller whose Coconut Grove townhouse had been on the market by owner for almost a year. He hired the ShowcaseMiami Team and me to upgrade the marketing to ensure a sale. The first thing I recommended was to de-clutter by throwing away or storing as many items in the home as possible. The idea was...
The chart above illustrates... During the first eight months of 2011, there was a large decrease in available homes for sale. The available inventory for Dade County single family homes over $800,000 had a healthy reduction from 1437 to 1206. In contrast, during the next 7 months (Sept 2011 to March 2012), available inventory of single family homes over $800,000 remained constant at...
By now, you know that I am bullish on the South Florida real estate market. By now, you are aware that the supply of available housing in Dade County has gone down by 40% in just 14 months. (There is 40% less inventory for buyers to choose from than there was 14 months ago). Buyers from around the world have been...
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