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One of the biggest challenges I experience as a Miami Listing Agent is communicating to our Sellers how important Staging is in the sales process. Staging your Miami Listing is as important as Pricing and Marketing your Miami Listing. In this blog post, you will see two examples of well-staged homes that have sold in the past 30 days with local real estate agents. You'll notice that one of the homes is updated with granite counters and other modern updates while the other has original bathrooms...Continue Reading!
The ShowcaseMiami Team is happy to announce the sale of Courtyards of the Grove Ph-1S (Sold in 1 Day) Listing Agent...Jason Smith of ShowcaseMiami Team Buyer Agent...Lori Scott of ShowcaseMiami Team Penthouse Specifications... 2 Bedrooms/ 1 Bathroom 808 square feet Large private patio 25 x 25 feet Sales Price...$199,000 ShowcaseMiami Realty specializes in assisting homeowners to Sell their Miami home. (Highest price in the Shortest period of time) To discuss a strategy for your home, call... Jason Smith Broker (Seller Specialist) ShowcaseMiami Realty www.ShowcaseMiami.com 786-326-8115 Continue Reading!
I had a terrific conversation this week with a local builder in Coconut Grove. This Coconut Grove builder's question was... What should I build on this property? What does the market need right now? Here is the analysis that I shared with him... "I selected closed sales in Coconut Grove over the past 365 days between 2000-3500 sq feet (that were built between 2000-2012). There are three sales that match this criteria. They can be found in the link below. 4040 Matheson Avenue sale was a distressed short...Continue Reading!
Last week, our ShowcaseMiami Team closed another short sale for a Miami Seller who owed more than the property was worth. ShowcaseMiami's Omar Roa and Alina Choy were tenacious and persistent in getting this complicated short sale closed. The fact is that only 7% of the closed sales in Dade County are short sales. However, up to 30% of the available Miami listings in recent years have been short sales. This illustrates how difficult it can be to actually get short sales...Continue Reading!
Should Miami Real Estate Buyers be concerned about Shadow Inventory? Yesterday's Open Houses... At the two Miami Open Houses we held yesterday, we experienced a large amount of Buyer traffic (many of whom came with their realtors). This indicates that those buyers are ready to make an offer once they see a property that suits their needs. One of our listings priced at $495,000 had 13 groups of people come by. The other listing priced at $725,000 had 10 groups of people. Concerns from a Couple relocating from Boston... One couple was just...Continue Reading!
3664 Franklin, Coconut Grove, FL (Sale Pending) "There's been a flurry of activity in this South Coconut Grove's St. Hugh Oaks gated community lately." Jason Smith (ShowcaseMiami Team at Keller Williams Realty) Observations... Jason Smith's Seller Listing below is under contract and received 3 offers. Another unit listed by Ivory Cooks Just closed for 300K. Another townhouse will be introduced to the market in a few days. A potential seller called us yesterday to find out what her property would sell for. Each of these successive sales is providing a new benchmark...Continue Reading!
Open Sun 8/12 1-4pm 11725 SW 98 Ave, Offered at $495K (Features 4-Car Garage...priced at only $113/ sq ft) Open House #1... Address: 11725 SW 98 Ave Bedrooms: 4 Baths: 3 Living Area 4,352 square feet Lot Size 15,004 square feet MLS A1658599 (Not a short sale) So much SPACE indoors and out! Open plan kitchen at the heart of the home, entertain 2 to 20 at bar in the tiled living room, rustic family room, shaded deck, fantastic pool surrounded by a large private garden. Split plan, 3 roomy bedrooms, one...Continue Reading!
Vancouver, British Columbia My recent trip to Vancouver... A few weeks ago, I had the pleasure of visiting some family members in Vancouver, Canada. As is usually the case when I travel, I was interested in seeing what the local residential real estate market was doing. My Filipino in-laws told me how red-hot the market has been due to the Asian buyer influx over the past few years. The first thing I noticed in the Richmond section of Vancouver was For Sale signs everywhere....Continue Reading!
The Condo Facts: There is a great deal of mis-information out there regarding the Miami real estate market. One of the areas where this mis-information exists concerns the % of the market that is REO/Bank Owned, Short Sale or Regular Sale. Below, you will see data straight from the Miami MLS (Condo & Townhouse only)... Available Listings in Dade County on Miami MLS: Total...6249 Regular Listings (non-distressed)...5257 (84%) Short Sale (pre-foreclosure)...710 (11%) REO (bank owned foreclosures)...282 (5%) Closed Sales in Dade County (past 90 days) Total...575 Regular Listings (non-distressed)...395 (69%) Short Sale...Continue Reading!
The Facts: There is a great deal of mis-information out there regarding the Miami real estate market. One of the areas where this mis-information exists concerns the % of the market that is REO/Bank Owned, Short Sale or Regular Sale. Below, you will see data straight from the Miami MLS (Single Family only)... Available Listings in Dade County on Miami MLS: Total...4,096 Regular Listings (non-distressed)...2,926 (71%) Short Sale (pre-foreclosure)...893 (22%) REO (bank owned foreclosures)...277 (7%) Closed Sales in Dade County (past 90 days) Total...343 Regular Listings (non-distressed)...199 (58%) Short Sale (pre-foreclosure)...23 (7%) REO (bank owned...Continue Reading!