Archive for March, 2010
March 31st, 2010
By Gregory DiCarlo
There are currently 34 new construction homes offered for sale in Coral Gables. They range from $599,900 ($243.96 per square foot) to $24.5 M ($1,490.72 per square foot); with a total inventory of: $143,277,899.
So, how many of the sales this year have been new construction homes? Of the 82 closed sales in the Gables this year, 3 have been new construction ranging from $1.330M ($366.69 per square foot) to $6.25M ($667.74.) The home that sold for $667.74 per square foot was located on the water with access to the bay, and the average sale price for all 3 homes is: $457 per square foot.
Below you will find a youtube video of some of the new construction homes currently for sale. If you have any interest in buying or selling your home or have any questions, please contact us at 305.329.7728. You can also email us by clicking the “contact” tab at the top of the page.
March 30th, 2010
By Gregory DiCarlo
Good morning Coral Gables!
I am pleased to report that the market is continuing to move in the right direction! In the last 7 days there have been 6 closed sales totaling $5,815,900. This brings the grand total for sales this year in the Gables to $96,015,238. As a reminder, there are 31 days left before the deadline for tax credit programs(deadline is April 30th.)
Currently there are 475 homes on the market in the Gables. Even if you will not be taking advantage of a tax credit program on your purchase, there are still great deals to be made. I have been monitoring the market carefully and I am seeing an aggressive amount of activity in regards to home purchases compared to this time last year. You can also follow us on facebook, twitter, and youtube!(search: Gregory DiCarlo)
If you would like more information on Miami real estate, or would like to buy or sell a home, please contact us at 305.329.7728
March 26th, 2010
By Gregory DiCarlo
This post is dedicated to new constructions on Miami Beach. There are currently 15 new construction homes on the Beach priced over $5 million(there are several offered below $5 M as well.) All of the homes included in this post are waterfront; the most expensive priced at $19.5 M.
Currently the average list price per square foot is $916 but of course this is an average and does not take into account location and certain qualities a home may have. Within the last 3 months, there was only one new construction home that sold for $5.4 M or $667 per square foot. The home had 70 ft on the water and offered 6 bedrooms, 7 full baths and 1 half bath. Below you will find some of these stunning new construction homes currently offered for sale on Miami Beach. Should you have any further interest in these homes or are interested in selling your home please contact us at 305-329-7728.
88 La Gorce: $19,500,000
10 bedrooms, 12 full baths, 3 half baths, 5 car garage, elevator, guard gate, guest accommodations, 17,183 sq-ft, 260 ft on the water, BBQ, deck, lighting.
7725 Atlantic: $15,900,000
5 bedrooms, 6 baths, 1 half bath, 2 car garage, elevator, 9,500 sq-ft, 50 ft on the water, Architect Ramon Pacheco
40 South Hibiscus: $12,995,000
8 bedrooms, 8 full baths 2 half baths, guard gate, 120 ft on the water, 8000 sq-ft, projected completion in 2010
1429 N Venetian: $6,500,000
8 bedrooms, 8 full baths, 1 half bath, 4 car garage, 200 ft on the bay, 13,569 sq-ft per the plans, needs estimated $1.250 million to complete
6396 North Bay: $15,000,000
7 bedrooms, 8 baths, 2 half baths,100 ft on the water, 11,800 sq-ft, No fixed bridges to bay, Gym, Guest accommodations, elevator, Spa, dock, 2 car garage
7709 Atlantic: $13,900,000
5 bedrooms, 6 full baths, 1 half bath, heated pool with spa and cabana, 50 ft on the water, elevator
7815 Atlantic: 12,900,000
6 bedrooms, 6 baths, 1 half bath, 4 car garage, 8,100 square feet, 60 ft on the water, Architect: Ramon Pacheco
7825 Atlantic: $11,900,000
5 bedrooms, 4 full baths, 1 half bath, 50 ft on the water, elevator, 8,300 sq-ft
7737 Atlantic: $11,900,000
6 bedrooms, 7 full baths, 1 half bath, 8,400 square feet, 50 ft on the water
March 25th, 2010
By Gregory DiCarlo
#1: 11 Casuarina Concourse $49,500,000
3.6 Acres of stunning ocean-front land; 20,862 square feet of living area; guest house; 8 bedrooms, 11 baths, 2 half baths; 150 foot dock; full gym; billiard room, media room and 5 car garage.
This estate is located in the prestigious gated community of Gables Estates within the beautiful city of Coral Gables. For more information on this listing please contact us.
#2: 1736 W 28 Street $29,900,750
1.63 Water-front acres, historical homes, Olympic size pool, 7 bedrooms, 7 baths, 1 half bath, 3 car garage
This estate is located on Sunset Island, Miami Beach and as you will see from the photo, it is quite an impressive property. The home offers contemporary updates while maintaining the historic Miami personality. For more information on this listing please contact us.
#3: 40 Star Island $29,000,0000
2 spectacular water-front acres, Located on the famous Star Island; 7 bedrooms, 6 baths, 3 half-baths; 2 car garage
This is a gorgeous piece of land located on Star Island, Miami Beach. The estate has spectacular bay views and is THE essence of luxury Miami living. For more information on this listing please contact us.
March 23rd, 2010
By Gregory DiCarlo
We are almost 3 months into the new year and the city of Coral Gables has had $88,224,438 in sales thus far. Twenty three of these closed sale have been over $1 million and the other 49 closed sales start at $167,200. The highest priced closed sale in the Gables was $8.5 million and closed on March 12th. The market has started out strong and from what I see out in the field there is plenty of momentum building behind it. I had two open houses this weekend and both had a stampede of buyers come in. This is the first time in a long time that buyers have walked into my open houses feeling confident about purchasing a home.
As the stock market pushes forward continues to increase consumer confidence, and buyers continue to take advantage of the tax credits available, we are going to see a great year for real estate! Call us today so we can help you to find the home you have always wanted!
March 22nd, 2010
By Gregory DiCarlo
Miami Beach currently has 272 homes priced over $1 million on the market. Of these homes 173 are listed as waterfront; the least expensive is priced at $1,049,000 and the most expensive at $29,900,750. Since the start of 2010, there have been 12 closed sales totaling $54,968,000. Of these closed sales, 9 were $1 million+. This is a great time to buy the home you have always wanted! Just as an example; one of these closed sales was listed at $13.5 million and sold for $9.5 million. That’s $4 million off the list price!
Miami Beach is a great city to purchase a home in not only because of its location in relation to to Brickell/Downtown, Aventura, Bal Harbour and Coral Gables but also because of the beautiful and chic lifestyle with exquisite restaurants, hotels, stores and of course the proximity to the beach! For more information on luxury Miami real estate, or if you are interested in buying or selling a home, please contact us at 305.329.7728 or by clicking the “contact” tab at the top of the page.
March 19th, 2010
By Gregory DiCarlo
There are currently 85 pending sales in Coral Gables ranging from $6.2M to $84,900. It is very clear that we have movement across the board, not just isolated demand. The inventory is no longer “sitting on the shelf” but rather being purchased at an impressive rate as prices and tax incentives have compelled buyers to act. Our sellers have also become very motivated to get their homes sold which has increased results for the Real Estate industry as a whole. It is more important than ever to stay ahead of the market and finally after a few years we are making headway with the inventory.
There are 486 homes currently for sale in Coral Gables. This may seem like a large number of homes however, 64 homes have closed just this year totaling $73,244,238! This equates to $940,000 in sales PER DAY! Above you will find a short slide show of some pending homes in the Gables.
If you have any questions about Miami Real Estate please contact us at 305.329.7728 OR 305.329.7780. You can also click the “contact” tab at the top of the page and send us an email.
March 18th, 2010
By Gregory DiCarlo
Good Morning Coral Gables! What a great week it has been so far. The total sold inventory in Coral Gables for 2010 has reached $70,150,238! Just two days ago I reported the total at $49,781,238. This is going to be a great year for real estate so give us a call and let’s make it happen for you!
Over the past 7 days there have been 5 closed sales totaling: $23,549,000 ranging from $967,500 to $8.5 M ! This just goes to show that the market as a whole is moving along at an impressive pace, as prices have dropped to the point where buyers feel compelled to take action. Also, a reminder for those of you that are looking to take advantage of tax credit programs, the deadline is April 30th so get to contract ASAP!
RECENT CLOSED SALES IN THE GABLES:
181 E. Sunrise SOLD $8,500,000
9335 Balada SOLD $6,250,000
4900 Hammock Park SOLD $2,600,000
386 Isla Dorada SOLD $2,300,000
832 Alfonso SOLD $967,500
March 16th, 2010
By Gregory DiCarlo
Today I visited the “W” on South Beach. This is a great building with 408 units. The price per square foot I reference in my video is for selected units. The prices vary from floor to floor and location on the floor. The prices range from $772,900 for a studio to $6.6 M for a 3 bedroom ocean-front unit per the official price list. The building is what is called a hotel-condo project in which the owners of units participate in a hotel pool of units that are rented out when not in use by the owners. This is great for buyers that would use this as a vacation home, however, a word of caution; these hotel-condo projects are difficult to get financing for. Currently the maintenance fee is $1.30 per square foot. If you have any questions about this project or any other Real Estate question please contact us at 305.329.7728 or by clicking the “contact” tab at the top of the page.
March 15th, 2010
By Gregory DiCarlo
Just 13 days ago I reported the total closed inventory for the Gables at: $35,225,200. Now less than two weeks later, the total closed inventory for Coral Gables is currently: $49,781,238. This represents a 41% increase($14,556,038) in just two weeks!
Now is a great time to purchase a home in an area you have always wanted to move to. The first time home buyer tax incentives will be over in April so getting to contract ASAP is imperative at this point if you would like to take advantage of the program. For frequently asked questions regarding the tax credits available please click here.
If you have any questions or would like a complementary market analysis of your Miami home please contact us at 305.329.7728 or by clicking the “contact” tab at the top of the page.
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