Archive for April, 2010
April 30th, 2010
By Gregory DiCarlo
Active Listings: 49 Homes. For the full list click here
2010 Closed Sales
| Location |
List Price |
Sale Price |
| 7270 W. Lago |
3,590,000 |
3,095,000 |
| 112 Paloma |
3,400,000 |
2,950,000 |
| 8250 Los Pinos |
2,999,000 |
2,600,000 |
| 150 Roslaes |
2,990,000 |
2,550,000 |
| 386 Isla Dorada |
2,690,000 |
2,300,000 |
| 7400 Monaco |
1,795,000 |
1,500,000 |
Total Closed Sales: $14,995,000 with an average sale price per square foot of $332 for non- water-front. Water-front homes received an average of $511 per square foot.
If you would like to schedule a listing appointment or are interested in purchasing a home in Miami, please contact us at 305.329.7728 or by clicking the “contact” tab at the top of the page.
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April 29th, 2010
By Gregory DiCarlo
As of today, there are 478 active listings in Coral Gables totaling $1,002,575,374 with an average list price per square foot of $431. Year to date there have been 124 closings totaling $146,297,182
Inventory Break-down:
- 51% of active listings are priced over $1 M
-49% of active listings are priced below $1M
6.5% of active listings are new construction (2008 or newer)
For more information on purchasing a home in Miami or if you would like to schedule a listing presentation, please contact us at 305.329.7728
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April 27th, 2010
By Gregory DiCarlo
Over the last 30 days there were 13 closings ranging from $3.5 M ($586 per square foot: water-front) to $126,900 ($329) for a total of $16,640,400. These sales brought the total closed inventory on Miami Beach this year to: $93,479,950!
There are currently 391 active listings on Miami Beach from $29 M to $175,000. Of these listings:
- 26 (6.6%) are priced over $10 M with an average list price per square foot of $1,509
- 266 (68%) are priced over $1 M with an average list price per square foot of $805
-125 (32%) are priced below $1 M with an average list price per square foot of $307
For more information on purchasing a home in Miami or if you would like to schedule a listing presentation, please contact us at 305.329.7728
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April 24th, 2010
By Gregory DiCarlo
Over the last 7 days there have been 6 closed sales ranging from $3,490,000 to $535,000. This brings the total closed inventory in Coral Gables to $128,332,182! So you have something to compare that number to; this time last year the total sales were at $82,024,897. As we have progressed into the 2nd quarter of the year, the closed sales continue to remain steady. There is some concern over the government’s tax credit exit however, home prices are now reaching a stage where we can start to hopefully see a nice inventory reduction!
If you would like to schedule a listing appointment or are interested in purchasing a home in Miami, please contact us at 305.329.7728 or by clicking the “contact” tab at the top of the page.
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April 21st, 2010
By Gregory DiCarlo
On April 14th, The DiCarlo Group was honored to receive the EWM Chairman’s Club award as one of the Top Producers in South Florida! Thank you to all of our wonderful clients that made this possible!
April 20th, 2010
By Gregory DiCarlo
6 sales have closed over the last 7 days in Coral Gables totaling: $12,605,000. These home sales range from $3,443,500 to $63,500. The total closed inventory for Coral Gables now stands at $119,741,480 (112 Sales!)
To schedule a listing appointment, contact us at 305.329.7728 or click the “contact” tab at the top of the page.
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10225 Coral Creek Road $3.250M
Carole Smith (EWM)
5295 Fairchild $3,443,500
112 Paloma $2,950,000
6820 Riviera $2.5M
529 Altara $398,000
212 Grant $63,500
April 17th, 2010
By Gregory DiCarlo
After 4 years of having been taken on and off the market, 23 Tahiti Beach is now an unapproved short sale! With a new list price of $5,995,000 ($767 per square foot) this home offers 4 bedrooms, 3 baths, 3 car garage, 7831 square feet, 108 feet on the water, and 1.04 acre lot.
In 2006 this home was listed at $8.5 million and now through a series of price reductions has now reached the current list price of $5.995 M. For more information on Tahiti Beach or Cocoplum, please contact us at 305.329.7728 or email us by clicking the “contact” tab at the top of the page.
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April 13th, 2010
By Gregory DiCarlo
Too early to call it! According to an article published in The New York Times, a committee of economists formed in 1978 are erring on the side of caution when it comes to declaring an end to this recession. This committee has designated start and end dates of economic contractions for every business cycle since 1854. The article is quoted as saying: “this time,the committee members say, the evidence is not so easy to decipher.” One committee member, Mr. Frankel an economist at the Harvard Kennedy School, posted a blog last week saying “The recession is over.” Robert E. Hall of Standford made the statement “The odds favor the view that a true expansion has begun and that the recession beginning in 2007 is over.” He also said, “one cannot totally rule out the unlikely possibility that the economy might resume contraction again soon.” This idea was supported by Martin S. Feldstein of Harvard. In January he warned of a double-dip recession and said “there is a significant risk the economy could run out of steam sometime in 2010.” To see the full article CLICK HERE – The New York Times
From the real estate perspective here in Miami-Dade County, there have been 2,259 closed sales this year which equates to $762,949,762 in sales. There are another 4,402 pending sales equal to $1,161,317,469. These are the numbers for one county in all of the United States. On a personal level, I am seeing prices drop to a level where consumers are finally comfortable to buy and more buyers that are “on the fence” are making their move. I think the real estate sector for the first quarter of the year has made an aggressive start, and so far the second quarter is looking just as forceful!
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April 12th, 2010
By Gregory DiCarlo
921 Aduana: REDUCED to $639,000
Everything you have been looking for in a Coral Gables home at a great price: Large open rooms seeped in natural light, wood and ceramic floors, newer wood & stainless steel kitchen, split bedroom plan, expansive family room with high beamed ceiling, overlooking charming English-style garden and patio, on more than a double lot! Wainscotings in living and family rooms, bright, bold colors, side entry 2 car garage & room for pool.
Bedrooms: 3
Baths: 2
Sqaure Feet: 2,258
2889 McFarlane # 1404 REDUCED to $329,000
INCOMPARABLE! Contemporary Architectural Digest quality renovation in the Sonesta Hotel direct with bay & park views. New York style ”pied-a-terre” terrace with spectacular balcony sunsets, designer details & lighting, cherry wood finishes & Scavolini gourmet kitchen with charcoal porcelain tile floors for your most discriminating buyer. Hurricane impact doors, all the features of a full service condo hotel, including pool, gym, restaurant & bar, valet & security. Also available fully decorated & furnished.
Bedrooms: 1
Baths: 1
Sqaure Feet: 754
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April 9th, 2010
By Gregory DiCarlo
Currently 12 homes are on the market in this prestigious gated community totaling $171,824,998 worth of Coral Gables inventory. The prices range from $4.8 M ($694 per square foot) to $49.5 M ($2,373 per square foot.) All of these homes offer water-frontage. Click on the “Gables Estates” tab at the top of the page to see the full list of homes.
The least expensive home ($4.8 M; .87 acres) is a tear-down or needs to be updated so this is would really be land value in terms of purchase price. However, if you are interested in building from the ground up, there are several vacant lots on the market. These range in price from $7.5 M (.87 acres) to $15.7 M (2.55 acres.)
…and of course, home to the most expensive listing in all of Miami Dade County: 11 Casuarina Concourse. Priced at $49,500,000, the estate offers 3.6 acres of magnificent ocean-frontage, 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 (see photos below.) Should you have an additional questions or would like to schedule a private showing for any of these estates, please contact us at 305.329.7728 or email us by clicking the “contact” tab at the top of the page.
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