Wondering how many Ultra Luxury properties are Active in Coral Gables ?   104 !!

Here are the statistics:

Market Analysis Report

Property Type: Single Family (RE1) Status: Active-Available Number of Properties: 104

#Beds #FBaths SF/FF List Price LP$/SqFt Sale Price SP$/SqFt SP$/LP$ Days on Market High 10 12 15,795 $18,000,000 $2,712 $0 $0 0 0 Low 0 0 3,586 $2,095,000 $0 $0 $0 0 0 Average 5.64 5.75 7,002.78 $4,943,989 $686 $0 $0 0 0 Median 6 6 6,312.5 $3,497,500 $588 $0 $0 0 0

Search Criteria
Status	A
County	DADE
City Name	CORALGBL
List Price	between 2,000,000 -

Report time: 8/12/2012 4:08 PM

The Ultra Luxury properties are usually breathtaking estates with with the 'wow' factor such as the finishes and craftsmanship...making them a work of Art.

If you are thinking is selling your estate, allow us to present to you our Strategic Marketing Plan.

Contact us for a Confidential Market Analysis.

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

Marketing Florida Real Estate at the Highest Level !

Luxury active listings in Coral Gables between $ 1M - $ 2M

Market Analysis Report

Property Type: Single Family (RE1) Status: Active-Available Number of Properties: 58

#Beds #FBaths SF/FF List Price LP$/SqFt Sale Price SP$/SqFt SP$/LP$ Days on Market High 7 6 8,771 $1,999,000 $750 $0 $0 0 0 Low 2 2 2,092 $1,000,000 $192 $0 $0 0 0 Average 4.57 3.76 3,966.83 $1,499,931 $393 $0 $0 0 0 Median 4 4 3,821 $1,462,500 $381 $0 $0 0 0

Search Criteria
Status	A
County	DADE
City Name	CORALGBL
List Price	between 1,000,000 - 2,000,000

Report time: 8/12/2012 4:02 PM

There is a difference between a Listing presentation and a Market Analysis....

If you are thinking on Listing your property, call us for a Confidential Market Analysis.

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

Marketing Florida Real Estate at the Highest Level !

Statistics of active Luxury Homes in Coral Gables; between $500K-$1Mill...

Market Analysis Report

Property Type: Single Family (RE1) Status: Active-Available Number of Properties: 85

#Beds #FBaths SF/FF List Price LP$/SqFt Sale Price SP$/SqFt SP$/LP$ Days on Market High 6 5 4,167 $1,000,000 $427 $0 $0 0 1 Low 0 0 1,429 $500,000 $183 $0 $0 0 1 Average 3.56 2.71 2,575.39 $750,562 $299 $0 $0 0 1 Median 4 3 2,534 $749,000 $298 $0 $0 0 1

Search Criteria
Status	A
County	DADE
City Name	CORALGBL
List Price	between 500,000 - 1,000,000

Report time: 8/11/2012 11:13 PM

The HNWI...where are they coming from?

FAST FACTS about the world’s wealthy: Where in the world will you find the wealthy?

While three countries – the U.S., Japan and Germany – account for more than 53% of the world’s population of High Net Worth Individuals (HNWI), you will find wealthy households all across the globe.

Look at the distribution by region, and the Asia-Pacific region is home to more HNWI’s than any other region with  3.37 million HNWI.  North America is close behind with 3.35 million HNWIs. Europe boasts 3.17 million HNWIs, largely due to increases in Russia, the Netherlands, and Switzerland.  The comparable statistic for the Middle East is 2.7 million.


Where are the world’s second home buyers most likely to come from?

Obviously this will differ based on a specific market.  For instance, Orlando might get British and German second home buyers, Miami may have many from Latin America, Vancouver may attract Chinese, while Phoenix might attract Canadians.  However in sheer numbers, buyers from the following countries top the list of purchasers worldwide:

Russia
Hong Kong
Britain
France
Switzerland
U.S.A.
Germany
China
Singapore
Canada

* Info from Luxury Insights blog@luxuryhomemarketing

Its a GREAT time to LIST & SALE....with the Right Realtor,
Who will create for you a Strategic Market Analysis and promote your property at the Highest level.

Call us for a Confidential appointment,

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

Marketing Florida Real Estate at the Highest Level !

U.S. mortgage applications slump as rates rise

U.S. mortgage applications slump as rates rise

August 08, 2012 02:15PM

Mortgage applications decreased last week as rates increased slightly, according to the Mortgage Bankers Association’s application survey for the week ending Aug. 3. Both refinance and purchase applications decreased last week, by 2 percent and 1 percent, respectively. Refinances continued to comprise 81 percent of the mortgage application market.

Only rates for 15-year fixed-rate loans, which fell to 3.08 percent from 3.09 percent, decreased last week. Meanwhile, interest rates for 30-year fixed-rate mortgages with conforming loan balances rose to 3.76 percent from 3.75 percent, and similarly termed loans with jumbo balances saw their average interest rates climb to 4.04 percent from 4.01 percent. Finally, 30-year fixed-rate mortgage rates backed by the Federal Housing Administration jumped two-hundredths of a percentage point to 3.54 percent. — Adam Fusfeld

* Info from THE REAL DEAL - South Florida Real Estate News

As inventory becomes increasingly scarce, we’re seeing the traditional case of grab it before it’s gone,”

 It’s great news for the lucky few who own a downtown Miami condo, and bad news for those looking to buy.
According to CBS4 news partner The Miami Herald, a new report cites the average price of a downtown Miami condo unit rose 9.1 percent to $404,927 in the second quarter from $371,205 a year earlier.
The study by Focus Real Estate Advisors and Goodkin Consulting for the Miami Downtown Development Authority was brimming with bullish data on the rebounding downtown housing market, where the volume of sales jumped 24 percent in the first half of this year to 2,072 units from 1,671 during the first half of 2011.
The report said the sales data reflect “strong demand for the limited remaining inventory of new units in major buildings,” citing several projects: Mint, Infinity on Brickell, Axis, Vizcayne and Paramount Bay.
“As inventory becomes increasingly scarce, we’re seeing the traditional case of grab it before it’s gone,” said Craig A. Werley, president of Coral Gables-based Focus.
The average price per square foot for new and resold condo units in the downtown area rose about 7 percent to $338 in the second quarter from $315 a year earlier.
The study defines greater downtown Miami as Brickell, the central business and arts and entertainment districts, Overtown and Wynwood/Edgewater.
So, it’s bad news for buyers in downtown Miami. What about those looking to rent a condo downtown? Find out how rental rates are trending in the Miami Herald.

** from CBS  MIAMI / The Miami Herald

The wealthy are back and ready to buy real estate !!

FAST FACTS about the world’s wealthy: The wealthy are back and ready to buy real estate

If you are seeing an increase in luxury buyers in your market, there are at least two good reasons why.
The number of worldwide wealthy has recovered from the 2008 downturn, when the number of HNWIs plummeted from 10.1 million to 8.6 million in just one year.  The current HNWI number has risen to a record 11 million.
Total wealth controlled by wealthy households has also increased since a five year low point in 2008, rising from $32.8 million to $42.0.
These statistics from The Capgemini/RBC World Wealth Report for 2012, offer good news for luxury real estate since demand for homes depends heavily upon the number of households who can afford them.

The post-recession affluent are also in a home shopping mood. Research done last year by Barclay's found that 57% of HNWIs want to increase their residential property portfolios in 2012.  This buying attitude is most likely a result of lifestyle desires as well as the view that residential real estate is an investment opportunity and smart portfolio play.

Here’s what one billionaire has to say about buying luxury property now.

“Trophy (property) assets are probably the most resilient and successful investment options at the moment, and will be for the foreseeable future.”
--John Caudwell, Billionaire

Thinking on Listing ? Allow me to Effectively Market Your Property !!

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 l Blog: www.rivieracoralgables.com

Facebook: sellingmiamiestates l Twitter: @espiefranky

Confidentiality our Commitment....Real Estate our Passion !

**from Luxury Insights. The Institute For Luxury Home Marketing  -  Posted: 01 Aug 2012 07:49 AM PDT