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Home Sales Flirting with New Records in Miami-Dade

Home sales flirting with new records in Miami-Dade

Some key real estate records are finally falling again in South Florida.

Prices remain about 40 percent below peaks set in 2006 and about a third of all homes carry loans larger than what they’re worth, but sales have moved very close to new record levels.

Home sales back to boom records levels

This chart tracks a 12-month average of sales of existing single-family homes in Miami-Dade County, as reported by the Miami Association of Realtors. The current monthly average of 1,052 homes per month is just 4 percent below the past peak of 1,093 homes set in June 2004.

To appreciate just how strong of a comeback that represents, consider that in July 2008, the monthly average hit just 330 homes. That was a 70 percent plunge — a depressed market in crisis by any measure.

While the overall sales level remains just below peak, some months have already set new records. In 2013, February, May and July all posted record sales. The August numbers are set to be released Sept. 19.

Read more here: http://www.miamiherald.com/2013/09/04/3605396/home-sales-flirting-with-new-records.html#storylink=cpy

I hope you find this information useful. I’m here to assist you with all your South Florida real estate. Contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: 4 Comments »

Presenting Golden Pointe Townhomes at The Waterways

Presenting Golden Pointe Townhomes at The Waterways Just Listed

This 4 bedroom, 3 bath, waterfront residence has 2,180 square feet of living space plus a 1 car garage. This well maintained, 2 story property, has a private elevator installed by the current owner, a custom designed kitchen with granite counters, a formal dining room and hurricane shutters. The floor plan is unique and has 1 bedroom on the main level and 3 bedrooms on the second floor. The community offers 24 hour manned security gate and a heated swimming pool. Golden Pointe residents have access to the tennis courts and use of the Spa facilities at The Point for an annual fee of $1,983.

Property Tour: 3788 NE 209th Te, Aventura, FL  33180

To view a tour of this property just click on START TOUR below:

This is a rare opportunity to own a waterfront townhome in this upgraded community in Aventura. For more information on this or any other South Florida real estate information contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

Real Estate Tips For Home Buyers and Sellers

Real Estate Tips For Home Buyers and Sellers

Barbara Corcoran, real estate mogul and founder of The Corcoran Group gives advice to future and current homeowners.

When you become a buyer or seller the most important thing you can do is learn your market. Talk to a savvy local agent, and don’t make assumptions based on what you think you know. Real estate is local and every market is different with its own customs. If you believe there are general rules for real estate strategy that apply everywhere, you’ll likely be fooled.

I’m available to assist you with all your South Florida real estate needs.  Contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: 5 Comments »

Real Estate Market Update – April 2013

Real Estate Market Update – April 2013Market Update

Ron Shuffield, President of EWM Realty International gives us an update on the increasing prices of South Florida homes.  Click here to view the video.

Please contact me for all your South Florida real estate needs at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: 2 Comments »

South Florida Residential Inventory Continues to Fall

South Florida Residential Inventory Continues to Fall

South Florida Inventory 02-25-13

Residential inventory in South Florida fell to 34,398 from 34,535 active listings for the week ending February 25, 2013. During the same period, pending sales increased to 23,565 from 23,013.

Active listings are properties where no current sale contract exists; pending sales are properties in which a contract for sale has been executed, but not yet closed. Listing brokers control the status of a property listing. The figures were compiled by Condo Vultures Realty using the South Florida Shared Multiple Listing Service.

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 »

Aventura Movie Night at Waterways Park

Aventura Movie Night at Waterways ParkMovie Night

The City of Aventura is hosting Movie Night at Waterways Park, located at 3301 NE 213th St, on Saturday, March 2, 2013. Admission is free. Gates open at 6:00PM, and the movie “Hotel Transylvania,” which is rated PG, will start at 7:00PM. Bring lawn chairs and blankets.

Parking is located at Gulfstream Park which will be accessible from the NE 213th St entrance, and shuttle service will be provided to Waterways Park. Food trucks will be available.

For more information, contact the Community Services Department at (305) 466-8930 or Waterways Park at (305) 466-8008 or visit the City’s website at www.cityofaventura.com.

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 »

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 »

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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