“Speak kind words. For what we say and the wayin which we say it can be an important part of giving. Our choice of words andour tone of voice can calm, encourage, soothe, or inspire.”
- John-Roger
Tuesday, July 31, 2012
wow....check out Our So Florida residential Inventory....
South Florida residential inventory
July 31, 2012 03:00PM
Compiled by Condo Vultures Realty using the South Florida Shared Multiple Listing Service. Active listings are properties where no current sale contract exists; pending sales are properties in which a contract for sale has been executed, but not yet closed. Listing brokers control the status of a property listing. — Christopher CameronGREAT TIME TO LIST & SELL
Contact Us for a Confidential Market Analisys !
All the Best,
Esperanza Franky “espie” Realtor
Member of the Institute for Luxury Home Marketing.
Certified Strategic Marketing Specialist
SellingMiamiEstates team
Prudential Florida Realty
Cellular: 305.283.5868 l Blog: www.rivieracoralgables.com
Facebook: sellingmiamiestates l Twitter: @espiefranky
Confidentiality our Commitment....Real Estate our Passion !
Friday, July 27, 2012
"Expect record-low rates to go even lower over the short term....
"Expect record-low rates to go even lower over the short term, say 50% of the industry experts polled this week by Bankrate.com. Another 50% expect no change – and no expert predicts rates will go up.
Sales of new and previously occupied homes fell in June but were higher than the same month last year. Home prices have started to stabilize in many large markets.
And builders are more confident and are putting up more houses than they have in nearly four years.
Mortgage rates have been dropping because they tend to track the yield on the 10-year Treasury note.
A weaker U.S. economy and uncertainty about how Europe will resolve its debt crisis have led investors to buy more Treasury securities, which are considered safe investments. As demand for Treasurys increase, the yield falls."
** Info from REALTORS Magazine
GREAT TIME TO LIST / SALE !!!
CALL US FOR A CONFIDENTIAL MARKET ANALYSIS,
Esperanza Franky “espie” Realtor
Member of the Institute for Luxury Home Marketing.
Certified Strategic Marketing Specialist
SellingMiamiEstates team
Prudential Florida Realty
Cellular: 305.283.5868
Facebook: sellingmiamiestates
Twitter: @espiefranky
Confidentiality our Commitment....Real Estate our Passion !
Thursday, July 12, 2012
Miami sales prices up 17.7 percent
Miami sales prices up 17.7 percent, but gains reflect a complex picture
The median sales price of Miami’s coastal residential properties rose 20.9 percent in the second quarter of 2012, compared to the same period in 2011, according to a report from Douglas Elliman Florida. Miami’s average sales price also jumped 17.7 percent in the same period.
But while Miami prices have been trending upwards for some time, these recent gains reflect a more complicated picture.
There were two major reasons for the price jump, according to Jonathan Miller, whose firm, Miller Samuel, prepared the report: reduced inventory and a decrease in distressed inventory coming to market.
“The sharp drop in inventory is one of the reasons why I would characterize the market as stable or better than stable,” said Jonathan Miller, whose firm, Miller Samuel, prepared the report.
Through the second quarter, distressed inventory represented around 40 percent of all sales — a significant turnaround from a year and a half ago, Miller said, when distressed inventory represented a market share of almost 60 percent.
And it was that shift that contributed in part to the price increase, said Douglas Elliman Florida CEO Vanessa Grout. “For now, it’s pushing pricing up — there is a direct correlation to that,” she told The Real Deal. “Because if you simply look at non-distressed market prices, prices are up modestly — so it is sort of an artificial gain.”
But part of that price jump was caused by the recent penthouse boom in South Beach, which led to a few mega-sales partially distorting the data.
“We’ve had some real anomalies, especially this year,” she said, pointing to the $25 million purchase of a Continuum condo in May. “There were some really crazy sales happening recently, and that’s going to skew the averages.”
There are some fundamentals supporting Miami’s gains, however.
“It’s relatively positive,” Grout said. “We have less inventory on the market, and the number of closed sales is up majorly.”
Information from :;
Downtown Miami (TRD photo)
But while Miami prices have been trending upwards for some time, these recent gains reflect a more complicated picture.
There were two major reasons for the price jump, according to Jonathan Miller, whose firm, Miller Samuel, prepared the report: reduced inventory and a decrease in distressed inventory coming to market.
“The sharp drop in inventory is one of the reasons why I would characterize the market as stable or better than stable,” said Jonathan Miller, whose firm, Miller Samuel, prepared the report.
Through the second quarter, distressed inventory represented around 40 percent of all sales — a significant turnaround from a year and a half ago, Miller said, when distressed inventory represented a market share of almost 60 percent.
And it was that shift that contributed in part to the price increase, said Douglas Elliman Florida CEO Vanessa Grout. “For now, it’s pushing pricing up — there is a direct correlation to that,” she told The Real Deal. “Because if you simply look at non-distressed market prices, prices are up modestly — so it is sort of an artificial gain.”
But part of that price jump was caused by the recent penthouse boom in South Beach, which led to a few mega-sales partially distorting the data.
“We’ve had some real anomalies, especially this year,” she said, pointing to the $25 million purchase of a Continuum condo in May. “There were some really crazy sales happening recently, and that’s going to skew the averages.”
There are some fundamentals supporting Miami’s gains, however.
“It’s relatively positive,” Grout said. “We have less inventory on the market, and the number of closed sales is up majorly.”
Information from :;
Friday, July 6, 2012
“The real estate market has hit bottom”
Miami-Dade County Property Appraiser: “The real estate market has hit bottom”
July 02, 2012 10:30AM
Taxable property values in Miami-Dade County rose by 1.98 percent this year, according to the 2012 Tax Roll released by Miami-Dade County Property Appraiser Pedro Garcia. The county was led by Bal Harbour, which saw a 35 percent increase in values, caused by what Garcia’s office said was the impact of the new St. Regis Bal Harbour development. It was the first annual increase following consecutive years of declines. “For the first time since I was elected, we can finally see the light at the end of the tunnel,” Garcia said. “In my opinion, the real estate market has hit bottom, and in some areas of Miami-Dade County we are seeing a recovery.” The county saw 18 municipalities boast increases in property values, according to the report. — Alexander Britel
* from The Real Deal _ So Florida Real Estate
* from The Real Deal _ So Florida Real Estate
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