Archive for the 'Real Estate News' Category
March 10th, 2010
By Gregory DiCarlo
The total active single family home inventory in Coral Gables is at 479 totaling: $1,077,233,446. While there are approximately 83 pending contracts totaling $89, 296,426.
Home loan applications increased last week even with the increase in interest rates. I have seen this market demand on a daily basis with my listings as they have been shown non-stop over the past few weeks.
We are seeing this increase in activity as buyers rush to take advantage of the tax credit and as many feel prices have fallen enough for them to make a decision. Many buyers are still looking to short-sales and foreclosures as the first avenue in an attempt to make the best buy however there may be homes that are not short sales or foreclosures in which sellers will negotiate a competitive price.
In financial news: Fears still loom over a double dip recession as economist sort through the data and work stabilize the European debt crisis. However, some economists feel that the chances of this “double dip” are fading and a “U” shaped recovery is more likely. The Euro has dropped to 1.35 from its highs in December of 1.50+.
If you have any questions about Miami real estate, please contact us at 305.329.7728 or 305.329.7780
February 18th, 2010
By Gregory DiCarlo
Home sales in Coral Gables are headed in the right direction as 31 single family homes have closed since the start of 2010 for a grand total of $26,074,700.
Economic Brief:
The DOW continues to modestly trend upward from last week’s sell-off. This coupled with U.S. mortgage rates falling for the second week and home buyer tax incentives have assisted in continued real estate sales. For more information about luxury homes in Miami, please contact us at 305.329.7780 OR 305.329.7728
Real Estate investors please contact Greg DiCarlo 305.329.7780
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Closed Sales in Coral Gables over $1M January- February:
| Address |
List Price |
Sale Price |
| 150 ROSALES CT |
$2,990,000 |
$2,550,000 |
| 5530 KERWOOD OAKS DR |
$2,900,000 |
$2,150,000 |
| 1207 MARIOLA CT |
$1,950,000 |
$1,700,000 |
| 4424 GRANADA BL |
$1,899,000 |
$1,500,000 |
| 7320 OLD CUTLER RD |
$1,395,000 |
$1,250,000 |
| 510 SAN SERVANDO AV |
$1,350,000 |
$1,162,600 |
| 13081 SAN MATEO ST |
$1,100,000 |
$1,100,000 |
| 4901 ALHAMBRA CR |
$1,100,000 |
$1,030,000 |
July 28th, 2009
By Gregory DiCarlo
The Dicarlo Group is pleased to announce that we will be advertising with the duPont Registry Fine Homes! In preparation for the Ft. Lauderdale International Boat show in October we will also be featured in the duPont Boat magazine along with the homes magazine!
Below you will find our last ad with the duPont Registry for the August 2009 Anniversary Issue!
July 23rd, 2009
By Gregory DiCarlo
Yes it is still a few months away, but we are already preparing for it. The Official dates are October 29th- November 2nd.
The DiCarlo Group is working closely with a luxury homes magazine to promote luxury real estate in South Florida. Come out and enjoy the show! Our real estate team will be out there in red Polo’s that say DICARLO across the front! I will post more blogs about this event as we get closer to the show dates.
We hope to see you there!
July 17th, 2009
By Gregory DiCarlo
A large part of stabilizing this economic crisis depends on the stabilization of the housing sector. This article sheds some positive light on the construction permits for single family homes and overall construction permits.
FULL ARTICLE: http://www.cnbc.com/id/31961438 (provided by Reuters):
MAIN POINTS:
“Housing starts climbed 3.6% to a seasonally adjusted annual rate of 582,000 from May’s upwardly revised 562,000″ – Commerce Department
“Single family home starts jumped 14.4%, the biggest rise since December 2004.”
“Both overall starts and single-family home starts have risen for two straight months”
“June Permits to start construction, an indicator or builder confidence, leaped 8.7 % to 563,000 units, the highest since December”
Information Provided by Reuters & CNBC
April 28th, 2009
By Gregory DiCarlo
The graph below provides an overview of the real estate market in the Gables. Home sale remain stable as do pending sales. The month of April has not been accounted for on this graph. Currently there are 70 pending sales in Coral Gables.
Once these pending sales being to close, it will be interesting to see how they affect current prices.
| |
1 year |
15 months |
| |
Mar 08 |
Mar 09 |
% Change |
Jan 08 |
Mar 09 |
% Change |
| For Sale |
630 |
588 |
-6.7%  |
577 |
588 |
1.9%  |
| Sold |
28 |
28 |
0% |
20 |
28 |
40% |
| Pended |
31 |
26 |
-16.1% |
23 |
26 |
13% |
March 31st, 2009
By Gregory DiCarlo
Below you will find a “Mortgage Monitor” report provided by our in house mortgage consultant Sam Pink.
If you would like more information please contact us.
November 20th, 2008
By Gregory DiCarlo
The DiCarlo Group is proud to announce we are now featured in the City Beautiful (Coral Gables) Magazine with our new company. While we have been advertising in this magazine for many years, we are now with the Real Estate company of EWM. This is just one of the many venues we use in our advertising campaigns. For more information or to have a copy of the magazine sent to your home just leave a comment or email us by clicking the “Contact Us” link at the top of our website.
November 3rd, 2008
By Gregory DiCarlo
This graph will give you a basic look at sales vs. on the market homes in Coral Gables. The Graph starts July 2007 and ends with September 2008. Leave us a comment and let us know what you think about these numbers!
- Graph of Coral Gables Real Estate Market: For Sale vs. Sold
Click to enlarge
October 1st, 2008
By Gregory DiCarlo
A program developed by the government may give some relief to home oweners facing current mortgage strains. The program would allow qualified homeowners to exchange their current mortgage for a more affordable loan. Some of these qualifications include spending more than 31% of income on mortgage payments and loans completed this year are excluded unless the loan was completed on January 1st. It will also be up to the lender to participate in this program in which they would ultimately lose on the initial loan. So if lenders get on board with this program it is possible there may be some relief but there is also the fact that they may indeed decide not to participate in which case this program would go no where.
Information Provided By-Alan Zibel AP Business Write (Miami Herald)
