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Coral Gables, FL Real Estate News

By Michael Sahlman, e-PRO - Miami Beach Florida Luxury Homes
(www.HomesForVIPs.com - Keller Williams Realty)
Cocoplum Real Estate News-Recap 2010 For single family homes in Cocoplum here are the 2010 statistics, newsworthy sales and current listings for sale there. In Cocoplum, there were 24 closed sales in 2010 of which 8 were waterfront properties. The average sale price was $2,221,146, or $365 per square foot. They sold on average for 85% of the list price in 234 days (average days on market). The highest sale was for $4,500,000 located at 7901 Los Pinos BL, which was $399 per square foot and occurred on July 1, 2010. Five houses on Cocoplum are currently in contract or pending sale. With 37 homes currently available for sale, the current absorption rate is about 19 months to sell all of the current inventory. Right now, the least expensive home for sale in Cocoplum is for $1,300,000 locat...
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By Michael Sahlman, e-PRO - Miami Beach Florida Luxury Homes
(www.HomesForVIPs.com - Keller Williams Realty)
  Coral Gables Real Estate News-Recap of 2010 For single family homes in Coral Gables, here are the 2010 statistics, newsworthy sales and listings for sale there. In Coral Gables, there were 397 closed sales in 2010 of which 54 were waterfront properties. The average sale price was $982,029, or $1,106 per square foot. They sold on average for 91% of the list price in 151 days (average days on market). The highest sale was for $14,100,0000 located at 158 Prospect DR, which was $470 per square foot and occurred on March 30, 2010. The lowest sale was for $63,500 located at 212 Grant DR, which was $47 per square foot and occurred on April 16, 2010. 72 houses on Coral Gables are currently in contract or pending sale. With 416 homes currently available for sale, the current absorption rate is...
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By Michael Sahlman, e-PRO - Miami Beach Florida Luxury Homes
(www.HomesForVIPs.com - Keller Williams Realty)
  Gables Estates Real Estate News-Recap of 2010 For single family homes in Gables Estates, here are the 2010 statistics, newsworthy sales and listings for sale there. In Gables Estates, there were 4 closed sales in 2010 of which 3 were waterfront properties. The average sale price was $4,488,750, or $523 per square foot. They sold on average for 80% of the list price in 161 days (average days on market). The highest sale was for $10,500,000 located at 500 Arvida PW, which was $618 per square foot and occurred on August 6, 2010. The lowest sale was for $250,000 located at 8880 SW 11 ST, which was $116 per square foot and occurred on July 30, 2010. One house in Gables Estates is currently in contract or pending sale. With 11 homes currently available for sale, the current absorption rate ...
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By Emilio Cardenal
(irealty.pro)
Cocoplum is an great community to live in. You can take advantage of the low real estate prices in Coral Gables and find a super deal right now. How can you get access to these buying opportunities? The first step is to educate yourself. You can consult with a local realtor. Our agents at Interinvestments Realty  can assist you.   If you need a mortgage to buy your home in Cocoplum, then you should contact a local mortgage professional. There are a few mortgage brokers or banks locally in Cocoplum that know the area and properties. Real Estate is a local business. We recommend that you work with professionals that are doing transactions in Coral Gables. They know the area.   We are delighted to start researching what are the best options for you in Coral Gables. Consult with one of our ...
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Are you interested in purchasing real estate in Cocoplum? There are great looking properties at very attractive prices. Buying real estate today is much better that it was in 2005 or 2006! You have the time to pick and choose... Coral Gables is offering wonderful communities for you to consider and Cocoplum is one of them.   If you need a mortgage to buy your home in Cocoplum, then you should contact a local mortgage professional. There are a few mortgage brokers or banks locally in Cocoplum that know the area and properties. Real Estate is a local business. We recommend that you work with professionals that are doing transactions in Coral Gables. They know the area.   You can start searching today to find the home of your dreams in Coral Gables can be very easy, visit our company websi...
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By Phil Stevenson, CRMP, "Mortgage Nerd" in Miami, Florida and Texas
(PS Mortgage Lending 305-791-4874 or 888-845-6630)
The Reverse Mortgage Counseling has become more in depth and complex, but this is better for the borrower.  In the past, the Reverse Mortgage’s mandatory FHA Counseling was nothing more than the person spending 30 to 45 minutes explaining how the program works.  This never told the counselor if the borrower actually knew what they were getting into.   I am glad this change came about, because unlike me, there were (and are) many unscrupulous Mortgage Lenders out there who will say as little as possible and take advantage of people.  I always explain every document in the application.  The funny thing is, I don’t feel comfortable just having the clients sign away.  Instead, I prefer to at the very least summarize the disclosure or document they are signing.   The new counseling explains ...
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By Riley Smith, Coconut Grove Specialist
(EWM Realty, International)
The area in Coral Gables that is located west of US1 is much larger than the area east of US1 so it is not surprising that there are more home sales in the west.  So far this year there have been 212 homes to sell west of US1 and only 125 to sell east of US1.   The average list price of a home west of US1 is $958,000 while the average list price of a home east of US1 in Coral Gables is $3,503,000.  The drastic difference in price can be attributed to all of the waterfront properties on the east side, as well as the gated communities (Snapper Creek, Cocoplum, Gables Estates, Journey's End etc.) that are located east of US1.  Another interesting figure is the average selling price per square foot in the two areas.  The average selling price per square foot for a home west of US1 is $212....
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By Shannon McGee
(Coldwell Banker Residential Real Estate)
For many years, realtors main focus was on the client pertaining to the home they are helping a client buy and sell. However, things have changed a great deal since those simple relationships. Economic conditions and new techonology is transforming the realtor-client relationship, for the good and the bad. Realtors nowadays need not only find the best homes for the best price for their buyers, and list a clients home at the optimal price in relation to it's market value in these conditions, but they must provide counsel to their buyer on improving their credit score and encourage them to put as much money down initially as they can. We have learned from past mistakes that if you cannot afford a home, don't jump into it feet first hoping that you win the lotto or you get a huge raise. Th...
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By Shannon McGee
(Coldwell Banker Residential Real Estate)
International buyers make up almost all of the condo and house sales in Florida, especially in Miami. Why not tap into these usually untouched resources? Firs things first, learn Spanish! Many realtors do, but for those who don't speak it (including myself unfortunately) learning to communicate with these potential clients is key. In addition, these potential buyers are looking online for all of this information, so if you are not online get on it!  Global real estate is the future of the industry. Knowing how to communicate with these clients in addition to speaking their language is so important- knowing how they do real estate in their country and how they do business in general helps tremendously. 
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By Shannon McGee
(Coldwell Banker Residential Real Estate)
It may not be a glorious triumph over this bad economy, but its a start! According to FloridaRealtors.org, existing condo sales in Florida rose by 15% in the third quarter. This is great news for those still waiting to sell their condo, as they may see this as a good chance that the condo they have had on the market for over a year might be close to being sold. However, as with all good things there sometimes comes the bad. The price of these condos actually dropped since 2009 by 21%. In 2009 condos selling for $106,000 now sell for $84,000. But alas, we should always look on the bright side. Closing more sales leads to better market conditions, happy sellers, happy buyers (really happy buyers!), and a happy realtor. It is best not to dwell on the negatives because although the market i...
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By Maria Boghi, P.A., TRC, REO - Doral Pinecrest FL Real Esta
IPhone fans are waiting for the launch with Verizon Wireless as a second choice for carriers other than the exclusivity of AT&T. While there are not too many details on the matter such as specific release date, price tag or monthly plans, the one thing that is certain is that the Iphone would arrive at Verizon too next year. Tthe deal was already confirmed, even if nothing went official until now. It appears that Verizon might have had the chance to carry the Iphone ever since day one, but it turned down Apple because of Mac maker's tight policy on its iconic device.Verizon turned down the offer mainly because “Apple and CEO Steve Jobs wanted too much control over how and where the devices would be sold - and too big a cut of the monthly service fees.However, following the release of th...
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By Lynn Cromer
(ReMax Advance Realty)
This weekend was the 2nd Annual Edible Garden Festival at Fairchild Tropical Botanic Garden which was sponsored by Whole Foods (which is my favorite place to shop). There was a terrific Scarecrow Contest. Here are some of the scarecrows featured!                                             This Festival is a celebration of the delicious fruits, vegetables and herbs grown in our homes and community gardens throughout South Florida. As I blogged about in Organic Gardening in Palmetto Bay, our growing season is now upon us and we have many opportunities to buy local fruits and veggies as well through our Farmer's Markets. Chef Norman Van Aken and his wife and son Justin were preparing foods for us!                                              I am finding that gardening in my backyard give...
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By Riley Smith, Coconut Grove Specialist
(EWM Realty, International)
Sometimes by heading outside your search area a little bit you may find a home that perfectly suits your needs.  Deering Bay is further south than other Coral Gables communities however their estate homes are worth viewing if you haven't been able to find new construction in the $1,500,000 to $2,500,000 range elsewhere.   The estate homes in Deering Bay have great amentities such as a manned 24 hour guard gate, beach access, golf and bay views, tennis courts, Arnold Palmer golf course, fitness center, dock spaces plus much more.  There are maintenance fees that apply.  To view a list of single family homes in Deering Bay Estates please click here. If you are interested in buying, selling, building or renting and are looking for a real estate agent who specializes in Coral Gables, pleas...
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By Riley Smith, Coconut Grove Specialist
(EWM Realty, International)
President Obama visited Alonzo Mourning's house (photo above) last night in Gables Estates for a fundraising event   If you were out on the roads yesterday you probably got stuck in some the traffic closures.    Mourning purchased the property in November of 2005 for $12,700,000 and he recently placed it on the market for $14,500,000.   His home features over 13,000 square feet of living space on a 35,000 square foot lot with 8 bedrooms, 8 baths and breathtaking views of Biscayne Bay.   The home is listed by Coldwell Banker. If you are interested in buying, selling, building or renting in Coral Gables and are looking for a real estate agent who specializes in the area, please feel free to contact me at 305.342.1623 or send me a note here. To view this post in its original form, click h...
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By Phil Stevenson, CRMP, "Mortgage Nerd" in Miami, Florida and Texas
(PS Mortgage Lending 305-791-4874 or 888-845-6630)
When I first heard about the Reverse Mortgage, or Home Equity Conversion Mortgage (HECM), I only learned negative things about the program. I later came to realize that these were all myths or misunderstandings about the way the program used to work. Today, lenders and mortgage companies who offer the Reverse Mortgage are highly regulated by the federal government's lending and housing arms, the Federal Housing Administration (FHA) & the US Department of Housing and Urban Development (HUD). This loan is also insured by FHA, protecting the current homeowners as well as their heirs. There are only two upfront costs, if any. The first is your HECM Counseling, which is usually given over the phone by a third party FHA approved counseling company. Offering an unbiased explanation of the prog...
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By Riley Smith, Coconut Grove Specialist
(EWM Realty, International)
We had such a great response from our Golden Triangle post yesterday that we wanted to do a follow-up with The Platinum Triangle of Coral Gables.  Keep in mind that these designations are not clear cut on any map but rather a word of mouth type label.  You could ask 25 realtors what the exact boundaries are, and you may get 25 different responses.  But we do know that the general area of The Platinum Triangle is bordered by Sunset Drive on the north, Davis Road to the south, Erwin Road to the west and Old Cutler Drive to the east.   Not exactly a triangle, but the "Platinum Quadrangle" doesn't have the same ring to it. Does the Platinum Triangle garner the same prestige as The Golden Triangle? Not according to my estimates.  While there is some increase in value for these homes it does...
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You can adquire a wonderful property today in Coral gables flagler at greatly reduced prices. Who would have imagined that that property values in Coral Gables would be so low? An important number of the transactions are either foreclosures or short sales in Coral Gables. You have real opportunity to find your new home Coral gables flagler.   If you need a mortgage to buy your home in Coral gables flagler, then you should contact a local mortgage professional. There are a few mortgage brokers or banks locally in Coral gables flagler that know the area and properties. Real Estate is a local business. We recommend that you work with professionals that are doing transactions in Coral Gables. They know the area.   If you wish to start previewing some homes in Coral gables flagler contact ou...
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Looking to Buy in a property in Coral Gables., then you should consider Coral Gables. We are living at a moment in time that you can adquire properties at historic low price points. If you are looking or your personal use or for investment, there are homes and condos in Coral Gables that you can pick up at incredibly low prices.   If you need a mortgage to buy your home in Coral Gables, then you should contact a local mortgage professional. There are a few mortgage brokers or banks locally in Coral Gables that know the area and properties. Real Estate is a local business. We recommend that you work with professionals that are doing transactions in Coral Gables. They know the area.   Interinvestments Realty's website is one of the best online to search for properties. You can start doing...
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Today is a fantastic time to buy in Coral Bay. The real estate market has is given home buyers are fantastic opportunity in acquiring real estate in Coral Gables at a very low price. In real estate in many cases "timing is everything". Today you can buy the home of your dreams in Coral Gables for a fraction of the price.       If you need mortgage to purchase your property in Coral Bay, then you first step is contact your local Florida bank. It is much easier to obtain a mortgage of a single family home verses a condo. If you are in the market for a condo, then your lender needs to check which are the developments that are approved for Fannie Mae or FHA financing. If you do not have a Lender that you are working with, we have several that are actively working in the marketplace.     We ...
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Are you interested in purchasing real estate in Cocoplum? There are great looking properties at very attractive prices. Buying real estate today is much better that it was in 2005 or 2006! You have the time to pick and choose... Coral Gables is offering wonderful communities for you to consider and Cocoplum is one of them.   If you need a mortgage to purchase your property at Cocoplum you need to get pre-qualified, in addition the Bank needs to prequalify the development.. You can get this pre-qualification over the phone. Speak to your Florida bank that is familiar with Coral Gables. If you are a foreigner and you wish to obtain a mortgage, then we can refer you to a couple of lenders that specialize in financing to foreigners.  But again, make sure that they will finance a property in...
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