Luxury Real Estate Update: Miami

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Coral Gables Water-Front Real Estate Update

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Miami Beach Maket Brief

Over the last 60 days there have been 31 closed sales totaling $73,787,921. These sales included the highest sale in Miami Dade county this year: 88 La Gorce closed for $16M on June 11th. The total closed sales in Miami Beach have reached: $182,008,121. This is a huge out performance of last year considering that this time last year only $92,010,425 in sales had closed.

There are currently 385 active listings in Miami Beach ranging from $29M to $149,900.

 Number of listings priced over $10 million: 20

Number of listings priced over $1 million: 244

For more information on buying or selling real estate in Miami Beach please contact us via the contact tab at the top of the page or 305.329.7728

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2889 McFarlane #1404: Pending Sale

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Coral Gables Homes Priced Under $1 Million

For more information on these and other homes or to schedule a listing appointment, please contact us via the contact tab at the top of the page or 305.329.7728

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Miami Beach Update: 2010 Sales up $63M from 2009

Year to date, $109,655,200 worth of inventory has closed on Miami Beach. This time last year only $46,565,150 had closed. This is a 135% out-performance of last year’s numbers!

In the last 30 days there has been quite a substantial amount of activity: 30 sales have closed totaling $19,655,200 worth of inventory. Also, there are currently 65 pending sales totaling $88,505,500!

2010 sales in Miami Beach have already surpassed 2009 sales by $63 million and with the additional pending inventory, there is huge potential for this year to be one for the books!

If you would like to schedule a listing presentation or if you are interested in purchasing real estate in Miami, please contact us via the contact tab at the top of the page or 305.329.7728

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Miami Beach: Market Update

There are currently 392 active listings in the city of Miami Beach totaling: $1,229,554,340

This past week there were 2 closings

- 4640 N. Bay Road closed for $2,750,000 ($1347.38 per square foot)

- 1836 Biarritz Drive closed for $285,000 ($187.13 per square foot)

These closed sales bring the total closed inventory for Miami Beach to: $104,695,200 

 2010 Miami Beach closings have already outsold 2009 by $61,704,950!

If you would like to schedule a listing presentation or are interested in purchasing a real estate in Miami, please contact us via the “contact” tab at the top of the page or 305.329.7728

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Listed at $23.5 M sold for $14.1M!

This stunning 2.75 acre ocean front compound was just purchased for $14.1. The home offers a two story boat house with protected dockage for several vessels, tennis court, guest accommodations, two story air conditioned garage for 20+ cars, Generator and chiller that supplies power and A/C for all structures and a home theater for 22 people. 6 structures total with close to 30,000 square feet. This truly was a great buy!

For more information on homes like this one or to schedule a listing presentation, please contact us at 305.329.7728 or by clicking the “contact” tab at the top of the page. For real estate investment acquisitions please contact Gregory DiCarlo at 305.329.7780

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Cocoplum Update: Coral Gables

Active Listings: 49 Homes. For the full list click here

2010 Closed Sales

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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Miami Beach Market Update

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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