Thursday, December 22, 2011
Saturday, December 10, 2011
Friday, December 9, 2011
Thursday, December 8, 2011
Tuesday, September 27, 2011
Florida's, good news...Home listing prices rising!
As a Miami Beach Realtor, on a daily basis I do my best to keep updated on all the Real Estate news and data available to me. Below you will be able to read the latest news provided to us by the Florida Association of Realtors: today's news is particularly good, just read for yourself!
"Florida cities have had the largest year-over-year increases in average list prices, according to the latest real estate data from Realtor.com. Based on August data of 2.2 million listings in 146 markets, Florida cities make up nine of the top 10 places for highest year-over-year list price spikes.
Nationwide, the average list price is $320,325, up 2.36 percent year-over-year.
Here are the top 15 cities boasting the highest percentage of year-over-year increases in average list prices.
1. Miami
Average list price: $640,332
Year-over-year increase: 27.4%
2. Fort Myers-Cape Coral, Fla.
Average list price: $443,570
Year-over-year increase: 26.27%
3. Central-Fla. rural service area
Average list price: $405,809
Year-over-year increase: 19.41%
4. Punta Gorda, Fla.
Average list price: $267,066
Year-over-year increase: 16.37%
5. Macon, Ga.
Average list price: $193,520
Year-over-year increase: 15.98%
6. Sarasota-Bradenton, Fla.
Average list price: $466,785
Year-over-year increase: 15.86%
7. Naples, Fla.
Average list price: $713,087
Year-over-year increase: 15.13%
8. West Palm Beach-Boca Raton, Fla.
Average list price: $591,895
Year-over-year increase: 14.68%
9. Ocala, Fla.
Average list price: $193,360
Year-over-year increase: 12.07%
10. Lakeland-Winter Haven, Fla.
Average list price: $181,409
Year-over-year increase: 11.48%
11. Orlando, Fla.
Average list price: $319,419
Year-over-year increase: 10.56%
12. Portland-Vancouver, Ore.-Wash.
Average list price: $314,537
Year-over-year increase: 10.52%
13. Boise City, Idaho
Average list price: $212,588
Year-over-year increase: 10.43%
14. Springfield, Illinois
Average list price: $174,537
Year-over-year increase: 9.12%
15. Shreveport-Bossier City, La.
Average list price: $211,414
Year-over-year increase: 8.34%
Source: Melissa Dittmann Tracey, Realtor® Magazine Daily News"
© 2011 Florida Realtors®
"Florida cities have had the largest year-over-year increases in average list prices, according to the latest real estate data from Realtor.com. Based on August data of 2.2 million listings in 146 markets, Florida cities make up nine of the top 10 places for highest year-over-year list price spikes.
Nationwide, the average list price is $320,325, up 2.36 percent year-over-year.
Here are the top 15 cities boasting the highest percentage of year-over-year increases in average list prices.
1. Miami
Average list price: $640,332
Year-over-year increase: 27.4%
2. Fort Myers-Cape Coral, Fla.
Average list price: $443,570
Year-over-year increase: 26.27%
3. Central-Fla. rural service area
Average list price: $405,809
Year-over-year increase: 19.41%
4. Punta Gorda, Fla.
Average list price: $267,066
Year-over-year increase: 16.37%
5. Macon, Ga.
Average list price: $193,520
Year-over-year increase: 15.98%
6. Sarasota-Bradenton, Fla.
Average list price: $466,785
Year-over-year increase: 15.86%
7. Naples, Fla.
Average list price: $713,087
Year-over-year increase: 15.13%
8. West Palm Beach-Boca Raton, Fla.
Average list price: $591,895
Year-over-year increase: 14.68%
9. Ocala, Fla.
Average list price: $193,360
Year-over-year increase: 12.07%
10. Lakeland-Winter Haven, Fla.
Average list price: $181,409
Year-over-year increase: 11.48%
11. Orlando, Fla.
Average list price: $319,419
Year-over-year increase: 10.56%
12. Portland-Vancouver, Ore.-Wash.
Average list price: $314,537
Year-over-year increase: 10.52%
13. Boise City, Idaho
Average list price: $212,588
Year-over-year increase: 10.43%
14. Springfield, Illinois
Average list price: $174,537
Year-over-year increase: 9.12%
15. Shreveport-Bossier City, La.
Average list price: $211,414
Year-over-year increase: 8.34%
Source: Melissa Dittmann Tracey, Realtor® Magazine Daily News"
© 2011 Florida Realtors®
Friday, September 23, 2011
South Florida homes sales rising!
South Florida home sales bounced upward in August, with the Miami-Dade condo market seeing the largest year-over-year gains, according to a report released Wednesday by the Florida Association of Realtors.
There were 1,311 existing condo sales in Miami-Dade in August, up 51 percent from the same month last year and up 18 percent from July. Sales surged in the single-family market as well, as 951 homes traded hands, up 49 percent from last year and up 9 percent from July.
In Broward, year-over-year condo sales rose 21 percent to 1,398 and single-family sales were up 19 percent to 1,185.
Median prices also showed positive signs.
Prices for Miami-Dade condos jumped 13 percent to $118,800, while single-family prices dipped 1 percent to $180,900. In Broward, median prices rose 6 percent to $79,500 for condos, and were up 5 percent to $191,800 for single-family homes.
There were 1,311 existing condo sales in Miami-Dade in August, up 51 percent from the same month last year and up 18 percent from July. Sales surged in the single-family market as well, as 951 homes traded hands, up 49 percent from last year and up 9 percent from July.
In Broward, year-over-year condo sales rose 21 percent to 1,398 and single-family sales were up 19 percent to 1,185.
Median prices also showed positive signs.
Prices for Miami-Dade condos jumped 13 percent to $118,800, while single-family prices dipped 1 percent to $180,900. In Broward, median prices rose 6 percent to $79,500 for condos, and were up 5 percent to $191,800 for single-family homes.
Monday, August 22, 2011
Miami Beach...The place to be year round!
MIAMI BEACH
It used to be that August in Miami was slow, reserved mostly for the locals. But that just isn’t true anymore. In Miami Beach, the once-strict delineation between high and low seasons has been super-seeded: the intermittent threat of hurricanes have done little to stem the tide of tourists filling restaurants, bars, hotels and shops, and beautiful beaches.
Their presence have increased retail sales and boosting hotel occupancy to new seasonal highs, transforming Miami Beach and its environs from a wan summer almost empty city into a magnet for visitors that come from all over the world all year round.
The high temperatures here are not higher than in other parts of the world so it has not been a deterrent to scare off visitors. Besides, there are rooms available here in Miami and at a lower price than in Europe, the food and drinks are cheaper, the ocean is warm and clean and there’s always a breeze on the beach.
Miami and Miami Beach have welcomed 3 million visitors in the third quarter of this year, compared with 3.4 million in the peak months. One can hear those tourist chattering in Spanish, French, Italian Russian and Portuguese besides the New Yorkers, Bostonian's and Angelino's that also decide to enjoy sunny Miami in the Summer.
Sales surged this summer at all the shops on Lincoln Road and Ocean Dr., with the arrival of tourists from Brazil, where a favorable exchange rate has sent vacationers scouting for bargains, and in some instances scouring the city for second homes.
Night life in this city is nearly as plentiful now as during the hectic winter months. Clubs like Mynt Lounge, Wall and Mansion continue to draw capacity crowds. Hip hotels lining Collins Avenue from South Beach to the northern part of Miami Beach, like the Delano, W, Soho Beach House, the Fontainebleau -just to mention a few- have been filled almost to capacity.
So, if you are considering having a great time, getting a nice tan and enjoying wonderful beaches Miami Beach is the place for you!
Monday, June 13, 2011
Miami-FL Real Estate.....New high-rises being financed by Latin Americans
Plans for new South Florida condo projects count on cash from Latin America
The partnership’s strategy is to focus on the international market, relying on cash-wielding buyers to finance much of the construction with large down payments.
Related, which had previously announced plans to build a 49-unit, 22-story condo in Hollywood called Apogee Beach and a 234-unit project in downtown Miami called My Brickell, is considering at least four additional projects and has acquired the land necessary to build them. Two condos are set to be built in the Brickell neighborhood of downtown Miami, one will be a waterfront building in North Miami and two will be waterfront buildings in the Hallandale Beach/Hollywood area.
The Business Plan contemplates that by the time construction is finished on the projects, buyers will have paid as much as 80 percent of the purchase price, paying in installments during the course of construction, Perez said. “This is a method that is unknown in the U.S.,” he said. “But that is the way things are done in Latin America.”
Friday, May 20, 2011
Miami... quietly, in a new building mode: affordable housing!
There’s a quiet building boom taking place in South Florida: new buildings going up are being built within neighborhoods of the poorest families.
The 2009 federal stimulus package and other government programs aimed at fixing the housing crisis have helped boost the affordable housing sector, which uses government funds to build rental communities for low-income residents. It’s the only sector of South Florida’s housing market in which demand is outpacing supply.
More than 25 affordable multifamily projects either recently completed or under construction in Miami-Dade and Broward counties can be accounted for. With the recession and foreclosure crisis having hit so badly the South Florida homeowners, many of them not only turned into renters, a huge number of the middle-income residents fell into the low-income bracket. This in turn resulted in a higher shortage of low-priced housing options that already existed even before the recession.
This obvious shortage on the one hand plus the surplus of high end properties on the other, made several builders expand their survival views opting to, at the same time, assist the less fortunate segment of the population by implementing building projects that not only provide affordable housing but also provide a new breath of revitalization to the areas where the new buildings are being built.
Profit margins for affordable developers are generally lower than for luxury builders - rent prices are set based on income restrictions - and are far below market rates. Private developers are able to survive on such low rents because much of the development cost is subsidized by the government.
Another positive side for these government-subsidized housing projects: they create jobs for South Floridians. Many of the jobs go to people who live in the communities where affordable housing is located — that’s often a requirement for receiving federal funding.
The 2009 federal stimulus package and other government programs aimed at fixing the housing crisis have helped boost the affordable housing sector, which uses government funds to build rental communities for low-income residents. It’s the only sector of South Florida’s housing market in which demand is outpacing supply.
More than 25 affordable multifamily projects either recently completed or under construction in Miami-Dade and Broward counties can be accounted for. With the recession and foreclosure crisis having hit so badly the South Florida homeowners, many of them not only turned into renters, a huge number of the middle-income residents fell into the low-income bracket. This in turn resulted in a higher shortage of low-priced housing options that already existed even before the recession.
This obvious shortage on the one hand plus the surplus of high end properties on the other, made several builders expand their survival views opting to, at the same time, assist the less fortunate segment of the population by implementing building projects that not only provide affordable housing but also provide a new breath of revitalization to the areas where the new buildings are being built.
Profit margins for affordable developers are generally lower than for luxury builders - rent prices are set based on income restrictions - and are far below market rates. Private developers are able to survive on such low rents because much of the development cost is subsidized by the government.
Another positive side for these government-subsidized housing projects: they create jobs for South Floridians. Many of the jobs go to people who live in the communities where affordable housing is located — that’s often a requirement for receiving federal funding.
Thursday, May 19, 2011
Miami and its Beaches 360 degree comeback!
Dear followers,
After a somewhat longer than expected hiatus from writing on my blog, today I was ready for a renewed comeback, and what a comeback it was: to my complete surprise, ALL my previous posts had been deleted/blocked by Google as apparently someone had hacked my gmail account (which is not my main account so I don't open it frequently) but I was not officially notified by Google thus I was totally unaware of what had happened......that's called a technological glitch!
So here I am starting anew. In the meantime, please visit my personal website at www.MicheleKolodner.com to get a glimpse of all the wonderful properties available in our sunny Miami paradise. Many great buys are still available; our Real Estate market has been steadily picking up especially in certain segments of our community like Aventura, the whole Brickell area, Coral Gables, Miami Beach, South Beach and Sunny Isles Beach.
By reading my monthly newsletter at http://michelekolodner.housingtrendsenewsletter.com/ you will also get the latest statistical information related to the Miami Fl Real Estate market and its surrounding areas and this is another way you will find out how Real Estate in gorgeous Miami is changing for the better in a full circle mode.
Till next time....Michele Kolodner
After a somewhat longer than expected hiatus from writing on my blog, today I was ready for a renewed comeback, and what a comeback it was: to my complete surprise, ALL my previous posts had been deleted/blocked by Google as apparently someone had hacked my gmail account (which is not my main account so I don't open it frequently) but I was not officially notified by Google thus I was totally unaware of what had happened......that's called a technological glitch!
So here I am starting anew. In the meantime, please visit my personal website at www.MicheleKolodner.com to get a glimpse of all the wonderful properties available in our sunny Miami paradise. Many great buys are still available; our Real Estate market has been steadily picking up especially in certain segments of our community like Aventura, the whole Brickell area, Coral Gables, Miami Beach, South Beach and Sunny Isles Beach.
By reading my monthly newsletter at http://michelekolodner.housingtrendsenewsletter.com/ you will also get the latest statistical information related to the Miami Fl Real Estate market and its surrounding areas and this is another way you will find out how Real Estate in gorgeous Miami is changing for the better in a full circle mode.
Till next time....Michele Kolodner
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