Reverse Mortgages

Because Coral Gables is a notable Reverse Mortgage Market, and is also becoming more popular throughout, I’de like to provide you a little bit more information on the subject.
Until recently Reverse Mortgages were not available for the purchase of homes.That’s changed. 
Reverse Mortgages are now being offered for both new and resale properties.  The only restriction is that [...]

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By The Numbers…

The following is why you cant go wrong in Coral Gables, FL. Homes are still selling at about 15% of inventory per month, and it looks like things are picking up a bit here in the Gables at this time with March closings number jumping to 31%. Basically the same as last year at this time but considering today’s morbid [...]

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Gables Office Market

With continued tightening of the office market, rental rates are expected reach record levels, and continued moderate growth through the end of 2007 would be my forecast. I expect to see rental rates reach the $27-per-sf mark and for vacancy rates to rise.Vacancies have been dropping since the first quarter of 2004. In that time period, the [...]

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L U X U R Y  M A R K E T  FOURTH QUARTER  2006
       ACTIVE                          SINGLE FAMILY  HOMES OVER $1M                                       
                                               Miami Beach    Coconut Grove  Coral Gables       Key Biscayne 
Active Listings                          292                      124                       223                        90
Average List Price                    $3,810,728          $2,344,558           $2,967,999            $3,841,566
Average List Price ($/SF)         $919                    $588                     $696                      $1,248
Average Sq. Ft. (interior)         4,185                   3,986                    4,263                     3,078
Highest Priced Listing             $22,000,000        $10,999,000         $15,900,000 [...]

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Gables Inventory Price Range Values

 Loyal readers, I owe you more in the way of a market update (charts & graphs), but I just came across these stats on our MLS and I am going to post them up for now. I’ll follow up with some legitimate market analysis in a few days. January has turned into an extremely busy [...]

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Gables Condo Stats

Coral Gables Condos                Active Listings         Pending         Expired           Sold 
December 2006                                 40                        1                   0                  0
November 2006                                34                         2                   1                  1
October 2006                                     41                         1                   4                  2
September 2006                                34                         2                   5                  3
August 2006                                      42                        4                     6                  6
July 2006                                           19                        4                   19                11
June 2006                                           7                          2                   12                16
                                                             ___________________________________
   Total                                                217                        16                  47              39
                                                                                    
                                                                     Listed             Sold          Days on Market
Highest Price Sold      10 Edgwater Dr. 16A     $2,950,000     $2,800,000             207
  (2006)                                   3,838 Adj.Sqft    ($731 sqft)
In 1999 it sold for $1,536,600  (roughly [...]

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Are you a leader or a follower?

The real estate herd instinct

I spend a lot of time here researching the South Fl. real estate market in Dade, Broward and Palm Beach County so I can see trends coming towards Coral Gables.
The reality is most people don’t have the luxury of choosing when they buy or sell a home.
A new job, divorce, death or birth can [...]

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Buy, Buy, Buy for 2007

If you can! As everyone is aware by now, the market has cooled off. But don’t despair, a stabilizing of the market is what is occurring. Our market (south Florida) will be predicated on a few key factors; insurance, hurricanes and mortgage rates.
All indicators point to the market as- set for a smooth landing. Adjustments evolve gradually with [...]

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E-Mail Archives

Florida business owners are under federal legal obligation as of Dec, 1, 2006, to store e-mail information for use on demand. This is mandatory in all federal cases. Parties in a lawsuit, under the new rules, must provide their electronically stored information. Failure to provide this information may prevent parties involved to use this information. Is [...]

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Concessions For the Holiday’s and Beyond

By now I’m sure you’ve heard the buzz about the loads of incentives being offered from sellers these days but some buyers who buy on houses that come with free vacations, cars or other sales incentives may be surprised to find out – sometimes too late – that the places they want are not worth what [...]

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