Archive for the 'Real Estate Investing' Category
Do You Believe It’s A Good Time To Sell Your Home?
February 15th, 2011 categories: Aventura, Market Trends, Real Estate Investing, Real Estate News
Do You Believe It’s A Good Time To Sell Your Home?
In a recent Keeping Current Matters blog post by Steve Harney entitled Selling Your House? 5 Reasons To Do It NOW!, Steve gives us 5 strong reasons to sell now instead of waiting until later in the year.
1) Interest Rates Are On The Rise
Interest rates are now over 5%. As rates increase, the mortgage amount a buyer qualifies for decreases. Eventually this will have a negative impact on prices.
2) Your Dream Home Will Never Be Cheaper
If you are buying, COST should be more important than PRICE. Cost can be dramatically impacted by rising mortgage interest rates.
3) Buyers Are Out Early
Mounting evidence is showing that buyers are coming out earlier this year than the ‘Spring Buying Season’ due to the believe that now is a good time to buy. That coupled with the increase in interest rates has started the buying season early.
Pete Flint, CEO of Trulia:
“We’re seeing a national resurgence of buyer and seller activity on Trulia.com. In January alone, we expierenced an unprecedented level of site traffic including 11 million unique visitors – which is more than 70% year-over-year growth. We are now experiencing 100,000 property views per minute.”
The National Association of Realtors just reported that the number of house sales increased 12.9% over last month.
4) Inventory Increases Every Spring
Here is the number of listings available for sale in 2010
- February – 3,531,000
- March – 3,626,000
- April – 4,029,000
Steve Harney believes that there will be an increase in these numbers in 2011 as there is a pent-up selling demand created by the weak market of the last few years. If you sell now you won’t have to worry about this increasing competition.
5) We Are In The Eye Of The Foreclosure Storm
As banks try to correct their foreclosure procedures, there is a large supply of discounted properties which have been delayed coming to market. This inventory will be released sometime in the next few months. Foreclosures sell on average at a 41% discount. When they are released these properties will be competing with your house for buyers. If you are looking to sell in 2011, you want to sell before this inventory becomes your competition.
Let’s sit down today and discuss the best options for you. You can contact me at (305) 329-4929 or [email protected]
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Do You Believe It Is A Good Time To Buy A Home?
February 10th, 2011 categories: Aventura, Community Events, Economy, Real Estate Investing, Real Estate News
Do You Believe It Is A Good Time To Buy A Home?
In a recent Keeping Current Matters blog post by Steve Harney entitled The First Question You Should Ask Your Listing Agent, Steve discusses whether now is a good time to buy a home.
The Wall Street Journal last week stated:
With home sales starting to improve, and with prices now possibly forming a bottom, real estate could well be the asset class that represents the best low-risk buying opportunity out there today.
Donald Trump was just quoted saying:
I’m pretty sure this is a great time to go out and buy a house. And if you do, in 10 years you’re going to look back and say, ‘You know, I’m glad I listened to Donald Trump’.
John Paulson, a multi-billionaire hedge fund operator and the investment genius who made a killing betting against housing a few years ago, is now bullish on residential real estate market. He recently said:
If you don’t own a home, buy one. If you own a home, buy another one. If you own two homes, buy a third. And, lend your relatives money to buy a home.
A recent Gallup Poll showed that 67% of American’s think that now is a ‘good time’ to buy a home. The Gallup Organization went on to say:
Overall, there is good reason for most Americans to think now is a good time to buy a house. Interest rates remain near historic lows. Home prices are down sharply, providing many incredible buys.
An iconic financial paper, the country’s most famous real estate investor, the most successful prognosticator of the housing market and 2/3 of all Americans say now is the time to buy a home.
If you have come to the same conclusion and want to buy a home or condo, I am ready to help you. Please contact me at (305) 329-4929 or [email protected]
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Top 10 Most Searched Markets On Realtor.com
January 17th, 2011 categories: Aventura, Market Trends, Real Estate Investing, Real Estate News
Top 10 Most Searched Markets On Realtor.com
Realtor.com, operated by Move, Inc., is an official website of the National Association of Realtors. The Top 10 List is based on the number of visitors at Realtor.com that viewed properties in each metro area in the United States from January 2010 through December 2010.
The top 10 most searched for cities at Realtor.com for 2010 are:
- Las Vegas
- Los Angeles
- Orlando
- San Antonio
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MIAMI
- Phoenix
- San Diego
- Austin, Texas
- Tampa
- Chicago
“Online search is a critical measure of interest in real estate, especially now that more than 90% of buyers search for their homes online,” says Realtor.com President Errol Samuelson. “Changing conditions throughout 2010 in the sunshine states resulting from foreclosures, the tax credit, interest rates and other factors created more interest in real estate compared to other states that we hope leads to increased activity and sales in 2011.”
For more information on real estate in the Miami area please contact me at (305) 329-4929 or [email protected]
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How’s The Real Estate Market?
December 23rd, 2010 categories: Aventura, Market Reports, Market Trends, Real Estate Investing, Real Estate News
How’s The Real Estate Market?
MIAMI-AVENTURA 33180 Real Estate Market
All the market trend charts on this page are ‘live’. Bookmark this page to watch the market change each week. Want more details? Subscribe to my Real-Time Market Report. It’s all about what’s going on right now and it’s free! Let me know which neighborhoods you’re interested in and we’ll get you my Real-Time Market Report today! To register click here and make your selection. You can select Hallandale-33009, Hollywood-33019, Aventura-33180, North Miami Beach-33160 or Miami Beach-33139.
| 90-day stats for Single Family properties in MIAMI, FL33180 - Aventura as of February 3, 2012 | |||
|---|---|---|---|
| Median List Price: | $747,915 | Average List Price: | $849,788 |
| Total Inventory: | 62 | Price per Square Foot: | $261 |
| Average Home Size: | 2,707 | Median Lot Size: | 8,945 |
| Average # Beds: | 3.90 | Average # Baths: | 3.45 |
| Homes Absorbed: | 3 | Newly Listed: | 3 |
| Days on Market: | 230 | Average Age: | 28 |
| 90-day stats for Condo properties in MIAMI, FL33180 - Aventura as of February 3, 2012 | |||
|---|---|---|---|
| Median List Price: | $390,112 | Average List Price: | $558,578 |
| Total Inventory: | 696 | Price per Square Foot: | $255 |
| Average Home Size: | 1,520 | Median Lot Size: | n/a |
| Average # Beds: | 2.36 | Average # Baths: | 2.54 |
| Homes Absorbed: | 32 | Newly Listed: | 31 |
| Days on Market: | 276 | Average Age: | 19 |
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Portsview Condo At Great Price Plus Buyer Bonus
October 1st, 2010 categories: Aventura, Listings, Real Estate Investing, Real Estate News
Portsview at The Waterways Condo For Sale
3610 Yacht Club Dr, Apt 411 Aventura, FL 33180
2 bedrooms 2 bathrooms
$249,900 + $1,000 bonus to buyer at closing (closing must be on or before 11/30/10)
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Portsview at The Waterways – Unit #411 – $249,900.00
PRICE REDUCED!
This spacious 2 BR 2 BA unit located on the 4th floor has been upgraded with crown moldings, smooth ceilings, white ceramic tile floors, carpet in the master bedroom and california closet built-ins in the master bedroom’s large walk-in closet. The updated kitchen comes with stainless steel appliances and the condo has a full size washer and dryer. The large balcony has glass railings and access from every room. The property comes with 1-assigned parking space in the garage and extra storage is also included. The condominium offers 24-hr security, 2 heated swimming pools, gym and tennis courts. The property is located on The Waterways Marina and is within walking distance to The Waterways Shops & Restaurants. This property is currently leased until 3/25/11 at $1,400/month. Property priced below the most recent sale. ** Buyer to receive $1,000 credit at closing if the property is contracted and closed by 11/30/10 **
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All information in this site is deemed reliable but is not guaranteed and is subject to change
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Equal Housing OpportunityFor more information on this great opportunity and others please contact me at (305) 329-4929 or [email protected]
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How’s The Real Estate Market In Aventura?
June 22nd, 2010 categories: Aventura, Market Reports, Market Trends, Real Estate Investing, Real Estate News
Real Estate Market Stats for Aventura, FL 33180
Median Price – Single Family Home vs. Condo/Townhome
Inventory – Single Family Home vs. Condo/Townhome
Average Days on Market – Single Family Home vs. Condo/Townhome
If you would like to receive the latest real estate market data for your area delivered to your e-mail then click here to subscribe to my Real-Time Market Report. It’s free!
For more information please contact me at (305) 329-4929 or [email protected]
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How’s The Real Estate Market?
June 2nd, 2010 categories: Aventura, Market Reports, Market Trends, Real Estate Investing, Real Estate News
The Latest Real Estate Market Data
Stat Table – Condos/Townhomes in Aventura, FL 33180
| 90-day stats for Condo properties in MIAMI, FL33180 - Aventura as of February 3, 2012 | |||
|---|---|---|---|
| Median List Price: | $390,112 | Average List Price: | $558,578 |
| Total Inventory: | 696 | Price per Square Foot: | $255 |
| Average Home Size: | 1,520 | Median Lot Size: | n/a |
| Average # Beds: | 2.36 | Average # Baths: | 2.54 |
| Homes Absorbed: | 32 | Newly Listed: | 31 |
| Days on Market: | 276 | Average Age: | 19 |
Stat Table – Single Family Homes in Aventura, FL 33180
| 90-day stats for Single Family properties in MIAMI, FL33180 - Aventura as of February 3, 2012 | |||
|---|---|---|---|
| Median List Price: | $747,915 | Average List Price: | $849,788 |
| Total Inventory: | 62 | Price per Square Foot: | $261 |
| Average Home Size: | 2,707 | Median Lot Size: | 8,945 |
| Average # Beds: | 3.90 | Average # Baths: | 3.45 |
| Homes Absorbed: | 3 | Newly Listed: | 3 |
| Days on Market: | 230 | Average Age: | 28 |
If you would like the latest data for your area delivered to your e-mail then click here to subscribe to my Real-Time Market Report. It’s free!
For more information contact me at (305) 329-4929 or [email protected]
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EWM Realtors – Top Producers 2009
April 18th, 2010 categories: Aventura, Buyers, Listings, Real Estate Investing, Real Estate News, Sellers
Chairman’s Club
If you would like to work with a Top Producer contact me today at (305) 332-4260 or [email protected]
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Want More Evidence That Housing Is Turning Around?
August 20th, 2009 categories: Real Estate Investing, Real Estate News
Best Cities For A Housing Recovery
Forbes magazine identified 161 of the country’s largest metro areas where sales activity has increased compared to 2008 and where foreclosure sales, as a percentage of total sales, are low.
Forbes magazine considers these markets as on the road to recovery:
- Miami-Ft. Lauderdale, FL
- Lincoln, NE
- Colorado Springs, CO
- Salem, OR
- San Luis Obispo, CA
- Bremerton, WA
- Denver, CO
- Redding, CA
- Santa Barbara, CA
- San Jose, CA
For more real estate news and information contact me at (305) 329-4929 or [email protected]
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Single Family Home Real Estate Market Report for Aventura, FL
June 26th, 2009 categories: Aventura, Market Reports, Market Trends, Real Estate Investing
Aventura, FL 33180 – Single Family Homes as of 6/19/09
This Week
The median single family home price this week is $722,000. Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.
Price
This week saw relatively little price change from last week, however, we continue to demonstrate a nice up trend over the last several weeks.
Price and Value
The market appears to be Read the rest of this entry »
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