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!
Discussion: No Comments »
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!
Follow us on: 
Discussion: No Comments »
$729,177,443 in closed sales this year for Miami Dade County! The most expensive home to sell this year so far sold for $13,900,000 ($1,362 per square foot) and the lowest for $7,000 ($9 per square foot.) 38.8% of these sales were on the market less than 30 days and 54.5% were on the market less than 60 days! Compelling price is the determining factor in this market. Competitive pricing was OK last year; now you must compel the buyers to act!
Miami Beach update: 1700 Bay Drive closed for $1,390,000 ($443.52 per square foot.) This is a waterfront home with 5 bedrooms, 3 baths and one half bath. There are currently 64 pending sales on Miami Beach totaling $84,000,300 and 50 closed sales totaling $96,063,488. If you have any questions or would like to buy or sell a home in Miami, please contact us at 305.329.7728 or by clicking the contact tab at the to of the page. We look forward to hearing from you!
Discussion: No Comments »
What a great week it has been for the Coral Gables real estate market! Over the last 7 days there were 9 closings totaling $10,401,900. This brings the total closed sales in the Gables to $106,517,238. This time last year there were $83,930,645 in closed sales.
In 2009 this time last year, the average list price per square foot was $315 with an average sale price of $282 per square foot. Currently, there is an average list price of $355 per square foot with an average sale price of $302 per square foot!!! That is an increase of $20 per square foot on homes purchased last year!
If you have any questions or would like to buy or sell a home in Miami, please contact us at 305.329.7728 or email us by clicking the “contact” tab at the top of the page.
Discussion: No Comments »
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
Discussion: 1 Comment »
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
_____0_____
| 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 |
Discussion: No Comments »
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!
Discussion: 1 Comment »
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!
Discussion: 1 Comment »
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):
“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
Discussion: No Comments »
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% |
Discussion: No Comments »
Like what you're reading?
Subscribe to our RSS feed.
