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Archive for the 'Aventura' Category

Rising Miami Home Prices, Inventory Shortage Create Opportunity for Sellers

Rising Miami Home Prices, Inventory Shortage Create Opportunity for SellersHousing Prices

Submitted by Lynda Fernandez

Miami, FL – Miami home prices rose again in September, marking 10 consecutive months of appreciation, according to the 26,000-member MIAMI Association of REALTORS and the local Multiple Listing Service (MLS) system. The median sales price of Miami-Dade condominiums, which has increased each of the last 15 months, rose 36.2 percent to $150,000 compared to a year earlier. The median sales price of single-family homes rose 8.6 percent to $190,000.

“The Miami real estate market continues to strengthen despite the shortage of housing inventory,” said 2012 Chairman of the Board of the MIAMI Association of REALTORS Martha Pomares. “We’ve seen nearly an entire year of significant monthly price increases, which makes now a great time to sell a home. Miami properties sell very quickly and draw multiple offers when priced right.”

In September the average sales price for condominiums in Miami-Dade County increased 30.2 percent to $277,774. The average sales price for single-family homes decreased 6.1 percent to $315,521.

Florida Statewide Home Prices

Statewide median sales prices in September increased 7.4 percent to $145,000 for single-family homes and 18.8 percent to $105,376 for condominiums, according to data from Florida Realtors Industry Data and Analysis department and vendor partner 10K Research and Marketing. The national median existing-home price for all housing types was $183,900 in September, an 11.3 percent increase from September 2011, according to the National Association of Realtors (NAR).

Miami Home Sales Rise Again in September

Total residential sales in Miami-Dade County Read the rest of this entry »

Written by Michael Solovay | Discussion: 1 Comment »

Home Prices Hit 20-month High

Home Prices Hit 20-month HighRising Property Values

FNC’s latest Residential Price Index™ (RPI) indicates that U.S. property values continue to rise. Home prices reached a 20-month high following a robust spring/summer homebuying season. In August, home prices rose for the sixth consecutive month, consistent with signs of strengthening market conditions that are led by rising existing-home sales and declining foreclosure activities. Foreclosure sales, down from 23 percent a year ago to 17.4 percent in August, continue to play out favorably on current price trends.

Nationwide, August home prices – based on recorded sales of non-distressed properties (existing and new homes) in the 100 largest metropolitan areas – were up at a seasonally unadjusted rate of 0.3 percent from the previous month. On a year-over-year basis, home prices rose 1.5 percent from August 2011. Year to date, home prices were up nearly 5.0 percent from January.

FNC’s RPI is the industry’s first hedonic price index built on a comprehensive database that blends public records of residential sales prices with real-time appraisals of property and neighborhood attributes. As a gauge of underlying home value, the RPI excludes sales of foreclosed homes, which are frequently sold with large price discounts reflecting poor property conditions.

All three FNC RPI composites (the National, 30-MSA, and 10-MSA indices) show similar up-trend, rising month-to-month for six consecutive months since March. There are signs that the upward momentum subsided somewhat in August, with the two broader indices up only 0.2-0.3 percent from July. On a year-over-year basis, home prices nationwide strengthened Read the rest of this entry »

Written by Michael Solovay | Discussion: 2 Comments »

List of Improving Housing Markets Eclipses 100 in October

List of Improving Housing Markets Eclipses 100 in OctoberImproving Housing Market

A total of 103 housing markets across the United States qualified to be listed on the National Association of Home Builders/First American Improving Markets Index (IMI) for October, released today. This is up from 99 markets listed as improving in September and is the largest number of metros on the IMI since it was created one year ago. A total of 33 states and the District of Columbia are represented on the October list.

The index identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment and house prices for at least six consecutive months. Markets added to the list in October include such geographically diverse locations as Santa Cruz, Calif.; Pocatello, Idaho; Abilene, Texas; and Savannah, Ga.

“While 11 new housing markets were designated as improving in October, 92 metros retained their spots on the IMI and just seven slipped from the list,” notes Barry Rutenberg, chairman of the National Association of Home Builders (NAHB) and a home builder from Gainesville, Fla. “This is an encouraging sign that Read the rest of this entry »

Written by Michael Solovay | Discussion: 3 Comments »

REAL Trends Housing Market Report

REAL Trends Housing Market Report – August 2012

The REAL Trends Housing Market Report presents regional and national trends in the residential real estate market.  This latest report was released September 24, 2012.

The housing market continues to gain strength for the 12th consecutive month in August.  In the South, the sale of new and existing home units was up 13.1% while prices increased by 4.8%, compared to a year ago.

[youtube]http://www.youtube.com/watch?v=TE5N2fe44_o[/youtube]

I hope this information is useful to you.  Contact me for all your South Florida real estate needs at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: 1 Comment »

City of Aventura – Halloween Harvest

City of Aventura – Halloween HarvestHalloween Harvest 2012

The City of Aventura will hold its annual Halloween Harvest event on Sunday, October 28, 2012 from 1:00PM – 4:00PM at the Community Recreation Center located at 3375 NE 188th St, Aventura, FL 33180.

Children and families are encouraged to come in costume and participate in activities such as:

  • wonderland fun maze
  • bounce houses
  • carnival games
  • trick or treat trail
  • arts & crafts
  • costume parade

Parking is located at the Harbour Centre on the corner of 29th Ave and NE 188th St. A complimentary shuttle service will be provided.

For more information, contact the Community Recreation Center at (305) 466-3883 or visit the website at www.cityofaventura.com.

I hope you find this information useful.  Please contact me for all your South Florida real estate needs at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

Miami Real Estate Market Focus

Miami Real Estate Market Focus

Miami-Dade Stats – August 2012

Miami-Dade Stats - August 2012We see year over year increases in closed sales, median sales price and average sales price for both single family homes and condos.  Current inventory and distressed sales are both down as compared to this same time last year.

** stats provided by the MIAMI Association of REALTORS. Copyright MIAMI, reprinted with permission.

I hope you find this information useful.  Please contact me for all your South Florida real estate needs at (305) 329-4929 or [email protected]


Written by Michael Solovay | Discussion: No Comments »

iPhone 5 Commercial

iPhone 5 Commercial – Hilarious Parody

[youtube]http://www.youtube.com/watch?v=uIRBxRlsYR0[/youtube]

Have a great weekend.

Written by Michael Solovay | Discussion: No Comments »

The Market in a Minute

The Market in a Minute
[youtube]http://www.youtube.com/watch?v=fNZ9ziEQzE4[/youtube]

Dr. John Tuccillo, Florida Realtors Chief Economist, reports that the positive trend in Florida continues across the board.

I hope this information is useful to you.  Please contact me for all your South Florida real estate needs at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

Getting Your Price in an Improving Market

Getting Your Price in an Improving MarketPrice Tag

By Barbara Pronin, RISMedia Columnist

For the first time in several years, home prices are rising in many of the nation’s metropolitan areas. This is good news for homeowners who have been waiting to put their homes on the market. But competition can be stiff, and the savvy seller will put a few dollars and a little elbow grease into sprucing up his property to make it more attractive to potential buyers.

From California real estate agent Ellen Parker, here are five tips for improving your home’s eye appeal without breaking the bank:

Curb appeal counts – A buyer’s first impression is important. Be sure the lawns and landscaping are neatly trimmed, no toys or equipment clutter the lawn or driveway, and the front door and mat look fresh, clean, and inviting. Painting or replacing a faded front door can vastly improve the look of the property.

Neutralize the rooms – Especially if you have tended toward bright paint colors, it may be time for a coat of paint to neutralize the living areas of your home. Choosing a safe off-white or cream colored paint can improve the home’s eye appeal for a greater number of buyers.

Brighten the bathroom – Tired-looking or outdated bathrooms are frequently a buyer turn-off. But you don’t need to completely remodel. Replacing the sink and/or cabinet with a trendy new style or changing out the hardware for something snazzier can make a huge difference. Be sure the hanging towels and bath mat, and the shower curtain if you have one, are fresh and super clean.

Tidy the kitchen – Here again, a fresh coat of paint can improve the look of your kitchen – and even older flooring or countertops will look better when cleaned to a shine. Removing clutter from the countertops – including canisters and some small appliances – will help create a feeling of space. Keep all sponges and towels out of view and be sure the sink is shiny clean and free of dirty dishes.

Let the light in – Dark rooms are another turn-off. Especially when you know your home will be shown, open the drapes and curtains to let natural light in.

I hope this information is useful to you. Please contact me for all your South Florida real estate needs at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

Feeling Stressed about Your Real Estate Transaction?

Feeling Stressed about Your Real Estate Transaction? Simple Tips to Let Go of the Negative Energy

By Keith LoriaStress

Selling a home, especially in today’s housing market, can be one of the most stressful experiences of your life. The process is uncertain, unsettling and time-consuming, not to mention expensive.

That’s why it’s important to take care of yourself and try to relax when you can. Treat yourself to a special day away and put your home selling worries behind you for at least a few hours.

“I have seen many clients who look to me to take those cares away and massage can be a great stress reliever,” says Carrie Nash, a massage therapist operating in the D.C. area. “You can relax, let your mind wander and be soothed by the music as you let go of all the negative energy that surrounds the process of selling a home.”

Women can also take up yoga, do palates, get a facial, do their nails or indulge in any number of spa treatments.

For men, a round of golf is always a good stress reliever. Or they may want to enjoy a night out with their buddies, a game of cards or a trip to the bowling alley. Men can also take advantage of some spa treatments as well.

Couples should arrange a nice dinner, get together with old friends or even take in a play or comedy performance. Just remember not to let the conversation steer toward the house.

If you have kids, it’s important to understand that a home sale is tough on them, too. Plan a trip to a local amusement park or ballgame and take the time to enjoy being together as a family.

If you find yourself getting stressed out while in the middle of trying to negotiate Read the rest of this entry »

Written by Michael Solovay | Discussion: No Comments »

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