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One Sotheby’s factoids on South Florida’s Luxury Real Estate Recovery…

150 Arvida Pkwy, Coral Gables, FL 33156

150 Arvida Parkway, Coral Gables, FL 33156

Gables Estates

(Living Room View to Biscayne Bay)

Listed by Mirce Curkoski and Ralph Arias of One Sotheby’s International

in Collaboration with Jason Smith of Keller Williams Realty Coral Gables

 

  • Pending Sales of all waterfront properties in Miami Dade County over $1 ,000,000 are up 44% from this time last year

  • Homes in South Florida over $5,000,000 are purchased 50% of the time with full cash.

  • The Average Sales price of waterfront homes in Coral Gables increased 100% (from $1,825,333 to $3,698,796) from mid year 2011 to mid year 2012.

  • Distressed properties (Short Sales and REOs) make up less than 2% of the South Florida $1,000,000 plus real estate market.

  • The total number of pending condos over $1,000,000 in Miami-Dade County is up 125% from this time last year.

  • The current inventory is down 22% in Miami Dade County for all properties over $1,000,000 from this time last year.

  • The Days on the Market from listed to sold is down 48% from this time last year to now for Miami-Dade Condos over $1,000,000.

  • Average Sales Prices Climbing…

  • South Florida leads the national real estate recovery, with the average sales price up 20% in Miami-Dade and 21% in Broward compared to this time last year.  South Florida is second in the nation for enjoying the most robust recovery, following only Phoenix, AZ.

ShowcaseMiami Realty specializes in assisting homeowners to Sell their Miami home.

(Highest price in the Shortest period of time)

To discuss a strategy for your home, call…

Jason Smith

Broker

Miami Realtor

Miami Listing Agent

ShowcaseMiami Realty

www.ShowcaseMiami.com

786-326-8115