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Archive for the 'Real Estate News' Category

Miami, FL Is Number One

Miami, FL Is Number OneMiami, Florida

Miami, FL is the number one town on REALTOR.com’s Q4 Top 10 Turnaround Towns Report.  According to the Miami Association of Realtors, sales of existing single family homes in the Miami Metropolitan Area increased 51% in the 3rd quarter compared to a year ago.  Miami has half as many properties in Realtor.com’s inventory of listings as it had a year ago.  Also, Miami continues to be a hot market for international buyers.  In May, international buyers purchased about 60% of the existing houses and condos and 90% of the newly built homes in Miami.  According to the experts, Miami, one of the hardest hit foreclosure markets, is on its way back.

Fort Lauderdale, FL made the list as well coming in at number eight.  The list also includes several other Florida cities.

I can help you with all your South Florida real estate needs.  Contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

Luxury Portfolio International and EWM Realtors

Luxury Portfolio International and EWM RealtorsLuxury Portfolio International

Luxury Portfolio International the largest global network of premier locally branded companies dominated by many of the world’s most powerful independent luxury brokerages. The website was launched in 2005 and in its first year featured more $1 million-plus residences than other luxury real estate organizations. The network continues to grow and now markets over 25,000 of the world’s most remarkable homes annually and attracts over 1.2 million high-net-worth visitors a year. By presenting a gallery of the finest luxury properties and brokerage worldwide, the brand is recognized throughout the world as the luxury standard of excellence.

In addition, they are unmatched in the global arena, with properties in over 45 states and 27 countries, website visitors from over 200 countries/territories every month, site translation in nine languages, conversion to multiple currencies and a total inventory of available properties totaling almost $40 billion.

The 200 luxury affiliates represent the luxury component of an organization which encompasses nearly 550 companies, 4,600 offices and 140,000 associates producing $225 billion in annual home sales in 30 countries. Based in the United States, Luxury Portfolio InternationalTM is backed by the experience of the most well respected and well known experts in luxury real estate in markets worldwide. This group collectively has decades of experience in the high-end luxury real estate market.

For more information on buying or selling your property please contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

SEPTEMBER – 2011 Housing Trends Newsletter by Michael Solovay

SEPTEMBER – 2011 Housing Trends Newsletter by Michael SolovayeNewsletter

Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.

Please click on this link to view the Housing Trends SEPTEMBER – 2011 Newsletter http://southflorida911.housingtrendsenewsletter.com

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.

Housing Trends eNewsletter is filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, consumer videos, blogs, real estate glossary, mortgage rates and calculators, consumer articles, and REALTOR.com local community reports.

If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report: http://southflorida911.housingtrendsenewsletter.com/dispContent.cfm?loadid=2&loadtype=0

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future.

You can always contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

EWM Realtors – #1 Luxury Leader

EWM Realtors – #1 Luxury Leader

EWM #1 Luxury Leader

EWM Realtors is #1 in luxury sales (residences priced in excess of $1,000,000) for the period January 2011 – August 2011 with 222 residences sold in Miami-Dade and Broward.  EWM Realtors is the exclusive affiliate of Christie’s International Real Estate for Miami-Dade and Broward Counties.   We have exclusive access to 32,000 global real estate professionals through our affiliate networks: Christie’s, Luxury Portfolio International and Mayfair International Realty.

If you want to work with the #1 Luxury Leader contact me to discuss your real estate needs at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

JULY – 2011 Housing Trends Newsletter by Michael Solovay

JULY – 2011 Housing Trends Newsletter by Michael SolovayHousing Trends eNewsletter

Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.

Please click on this link to view the Housing Trends JULY – 2011 Newsletter http://southflorida911.housingtrendsenewsletter.com

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.

Housing Trends eNewsletter is filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, consumer videos, blogs, real estate glossary, mortgage rates and calculators, consumer articles, and REALTOR.com local community reports.

If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report: http://southflorida911.housingtrendsenewsletter.com/dispContent.cfm?loadid=2&loadtype=0

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you.  I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future.

You can contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

Summer 2011 Real Estate Market Update

Summer 2011 Real Estate Market Update

This real estate market update is presented by Ron Shuffield, President of EWM Realtors.  Today’s great values, which are truly half those 5 or 6 years ago,  are one reason why sales have taken off so much in 2011.  However, since January 2011 we have begun to see an increase in our prices, month after month.

[youtube]http://www.youtube.com/watch?v=ILUDyKW2h7U[/youtube]

Median Prices

Single Family Homes: Miami-Dade County

  • January 2011  $150,000
  • May 2011 – $180,000

Single Family Homes: Broward County

  • January 2011 – $165,000
  • May 2011 – $190,000

Condominiums: Miami-Dade County

  • January 2011 – $90,000
  • May 2011 – $124,000

Condominiums: Broward County

  • January 2011 – $68,000
  • May 2011 – $78,000

This is the best time to purchase real estate in South Florida in the past 6 years.

For more information on the South Florida real estate market please contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

Where Did The Buyer Find The House?

Where Did The Buyer Find The House?

In a report, Profile of Home Buyers and Sellers, by the National Association of Realtors (NAR) the NAR reported:

The majority of Buyers found the home of their dreams online, while less than 2% found it through newspaper ads.

Profile of Home Buyers and SellersWonder why the real estate advertising in the newspaper has decreased so much?  This is the reason why.  Newspapers don’t sell houses.  The majority of property buyers, 83% according to the NAR, purchased their homes through a real estate professional, and 88% of sellers used a real estate agent in their sales transaction.

Be sure to read my real estate blog: www.WhatsThePointofAventura.com and visit my website at www.LuxuryProperties4U.com.

For more information please contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

How’s the Real Estate Market in YOUR Area?

How’s the Real Estate Market in YOUR Area?

Subscribe to my Real-Time Market Report.  It’s all about what’s going on right now and it’s free!

Learn about price trends, supply and demand and leading indicators.  Better real estate market information helps you make your decisions with confidence!

Executive Summary Condo 33180 - May 16, 2011

It’s FREE! Click here to register and we’ll get you my Real-Time Market Report today!

Written by Michael Solovay | Discussion: No Comments »

Aventura, FL Real Estate Market Conditions (May 6, 2011) – Single Family

7-day stats for Single Family properties in
MIAMI, FL33180 – Aventura as of May 6, 2011
Median List Price $799,000 Average List Price $923,051
Total Inventory 55 Price per Square Foot $261
Average Home Size 2,935 Median Lot Size 7,990
Average # Beds 3.87 Average # Baths 3.45
Homes Absorbed 5 Newly Listed 1
Days on Market 253 Average Age 29

Median Price for homes in MIAMI, FL 33180 - Aventura

Median Price for homes in MIAMI, FL 33180 – Aventura as of May 6, 2011 is $799,000

Inventory for homes in MIAMI, FL 33180 - Aventura

Inventory for homes in MIAMI, FL 33180 – Aventura as of May 6, 2011 is 55

Average Days on Market for homes in MIAMI, FL 33180 - Aventura

Average Days on Market for homes in MIAMI, FL 33180 – Aventura as of May 6, 2011 is 253

Median Price per Sqft for homes in MIAMI, FL 33180 - Aventura

Median Price per Sqft for homes in MIAMI, FL 33180 – Aventura as of May 6, 2011 is $261

Written by Michael Solovay | Discussion: No Comments »

Aventura, FL Real Estate Market Conditions (May 6, 2011) – Condo

90-day stats for Condo properties in
MIAMI, FL33180 – Aventura as of May 6, 2011
Median List Price $357,539 Average List Price $499,459
Total Inventory 892 Price per Square Foot $246
Average Home Size 1,466 Median Lot Size n/a
Average # Beds 2.31 Average # Baths 2.45
Homes Absorbed 44 Newly Listed 35
Days on Market 244 Average Age 19

Median Price for homes in MIAMI, FL 33180 - Aventura

Median Price for homes in MIAMI, FL 33180 – Aventura as of May 6, 2011 is $357,539

Inventory for homes in MIAMI, FL 33180 - Aventura

Inventory for homes in MIAMI, FL 33180 – Aventura as of May 6, 2011 is 892

Average Days on Market for homes in MIAMI, FL 33180 - Aventura

Average Days on Market for homes in MIAMI, FL 33180 – Aventura as of May 6, 2011 is 244

Median Price per Sqft for homes in MIAMI, FL 33180 - Aventura

Median Price per Sqft for homes in MIAMI, FL 33180 – Aventura as of May 6, 2011 is $246

Written by Michael Solovay | Discussion: No Comments »

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