Tag Archives: Miami Luxury Market Expert Panel

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

 

Good news for South Florida’s economy!

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 purchasing Miami properties that they feel are fairly priced.

By now, you know that prices are creeping up in parts of Dade County.

And yes…Miami Realtors are benefitting from these sales transactions.

Below, you’ll see a list of other professions that are also benefitting from increased Miami real estate sales…

  • Mortgage Brokers
  • Title Companies
  • Real Estate Attorneys
  • Appraisers
  • Insurance Agents
  • Surveyors
  • Moving Companies
  • Handymen
  • Painters

Popular upgrades that new buyers are investing in with their new purchases…

Beyond that, tradespeople  are benefitting from South Florida’s real estate resurgence.  Here is a sampling of coming upgrades from three of our imminent closings over the next few weeks.

  • New Impact Windows…$15,000-$25,000 for a 2,000 square foot home
  • New Kitchen Counters…$2,000 and up
  • New Kitchen Cabinets…thousands (depending on the material)
  • New Flooring…thousands (depending on the material)
  • New Roof…$10,000 and up (depending on the size of the home)

Further good news is that the professionals above will be spending their income on non-real estate related goods and services throughout Miami (further distributing money into the S. Florida economy).

If you are thinking of selling your Miami home, condo or townhouse to upsize or downsize, call Jason Smith for a complimentary consultation to discuss the best sales strategy for your particular Miami property.

 

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 (Seller Specialist)

ShowcaseMiami Realty

www.ShowcaseMiami.com

786-326-8115

The 2 Irrelevant Questions when considering which agent to list with…

Over my 11 year career in real estate sales, our ShowcaseMiami Team has sold over 300 homes in Coconut Grove, Coral Gables, Pinecrest and Brickell (in over 95% of these sales, we have represented the Sellers) .  There are two questions that Sellers ask which are generally the wrong questions to ask when determining who is the best listing agent for their home.

Here are those questions…

1)  How many homes have you sold in my neighborhood over the past 12 months?

Fact…Price, condition of the home, quality of the listing agent’s images, quality of the systems and personnel on the listing agent’s team and availability of the team to accommodate showings during the critical first 2 weeks on the market will determine whether or not a home sells for top dollar.

2)  How many open houses will you conduct for my home?

Fact…the more open houses that are held for your home, the faster the listing will go stale (ultimately resulting in a lower sales price for the Seller).  The buyer psychology behind this is “The Seller is having open houses every weekend.  I wonder why it is not selling?”

After repeated open houses, buyers and their agents begin to manufacture reasons why a home is not selling despite repeated open houses (ie…busy street, poor layout,  issues regarding the condition of the property, etc.).

For an appointment to discuss the best sales strategy for your particular property, call Jason Smith at 786-326-8115 cell.

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 (Seller Specialist)

ShowcaseMiami Realty

www.ShowcaseMiami.com

786-326-8115

Miami Luxury Real Estate Panel (Audrey Ross & friends)

Jeanne Nicastri, John Sandberg, Audrey Ross

Jeanne Nicastri, John Sandberg, Audrey Ross

Some of Miami’s Top Realtors shared their insights on Miami’s Luxury Real Estate Market at the ShowcaseMiami/Keller Williams Coral Gables Expert Panel at University of Miami.

They included:

  • Audrey Ross of EWM

  • Jeanne Nicastri of Coldwell Banker

  • John Sandberg of Keller Williams

Miami Realtor Jason Smith introduces Coral Gables Mayor Jim Cason
Miami Realtor Jason Smith introduces special guest Coral Gables Mayor Jim Cason

Insights that were shared:

  • 80% of their transactions in the past 12 months have been cash deals

  • They are seeing appreciation in some Luxury Miami Buildings (especially Miami Beach’s South of Fifth or “SoFi” area)

  • A majority of the International Buyers are coming from:  Brazil, Argentina, Venezuela and Mexico

  • 2011 has seen significant movement of premier waterfront properties in Miami Beach and Coral Gables (after less activity in 2010)

  • So far, it appears that Asian buyers consider the West Coast of the U.S. more accessible than South Florida

  • The Panelists said it was too soon to tell if the downgrade of U.S. debt would affect the South Florida Luxury Real Estate Market

Full House at ShowcaseMiami/Keller Williams Coral Gables Expert Panel

Full House at ShowcaseMiami/Keller Williams Coral Gables Expert Panel

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 (Seller Specialist)

ShowcaseMiami Realty

www.ShowcaseMiami.com

786-326-8115