Rotary Golf Classic 2016 was held at the Biltmore Hotel during the month of February. Proceeds raised benefit Miami resident high school students transitioning into college. This event is hosted annually and attracts about 200 golf players that get to enjoy breakfast, an 18 hole game, and an auction-luncheon. We give because I also benefited from these type of funds in order to get my degree in Finance. And I encourage you, in one way or another, to get involved!
FHA VA OK! Two-car garage single family in Garden Hills, no homeowner’s association. New high efficiency AC, accordion hurricane shutters, well sprinklers. Solar powered pool heater/salt system. Tiled flooring/vaulted ceilings throughout entire home. Open living/dining room layout. Expansive kitchen w/ granite counter tops, wood cabinetry, overseeing family area. Master bedroom w/ walk-in closet, walk-in shower, spa-tub. Paved flooring surrounds pool, Jacuzzi, and outdoor kitchenette underneath cabana.
Transaction Type: Seller Representation
Address: 15813 SW 102 LN
City, State and Zip: Kendall, FL 33196
Asking price for sale: $430,000
Short sale or foreclosure: no / no
Type of property: single family home
Living and lot size (sqft): 2,406 / 7,644
Year built: 1997
Beds, full baths and half baths: 4 / 2 / 1
Garage: 2
Water front or access: no / no
Exterior walls and roof: concrete / barrel
Floor and pool: tile and carpet / yes
Heating and cooling: central / central
Sewer: municipal
Got questions on this listing? Call or text me at (305) 305-1535
Monthly Mortgage Payment at 4.5% interest rate, 30-year fixed, and purchase price of $430,000:
FYI: data analyzed in this blog post is for single family homes only.
How’s the market?
Prices remain unchanged and sales volume (number of homes sold) is slower than usual. Although this trend is expected as we are just heading out of the holiday season – when most homeowners keep their property off the market – there is a stronger deceleration in units sold at the turn of 2015-2016 when compared to the turn in 2014-2015 (see below graph).
*Above graph represents combined data from Coconut Grove, Coral Gables, Cutler Bay, Kendall, Palmetto Bay, Pinecrest, South Miami, Sweetwater, The Roads, West Miami, and Westchester*
What’s the outlook?
In my opinion, home prices will continue to remain unchanged for the remainder of 2016. Around March or April, volume of sales will take an upturn just like it did in March and April of 2015, but it will not be as significant. This will have no impact in home prices due to economically healthier home owners that are able to hold on to their homes till prices go up.
In my opinion, it will not make a difference weather you sell now or at any time during the year since prices are expected to remain status quo. However, should your home-carrying expenses (mortgage payments, taxes, insurance, etc) exceed any appreciation in price in your neighborhood, then it may be a good time to sell.
On average, 122 days or 4 months. See below graph for the average number of days it will take your home to sell in your neighborhood.
How’s the foreclosure market doing?
Not good. And this is good news considering such market makes up less than 20% of sold homes. See below graph to see how the foreclosure market is doing in your neighborhood.
Custom built corner lot home by owner-architect in original condition. Refortified concrete walls/columns with ingenious placement of plumbing lines for easier repair/replacement. Home has no garage, however, left wing of property uniquely designed for easy conversion into a 3-car garage. Vaulted ceilings. Elevated driveway.
Transaction Type: Seller Representation
Address: 11530 SW 84 Ave
City, State and Zip: Kendall, FL 33156
Asking price for sale: $1.2 Million
Short sale or foreclosure: no / no
Type of property: single family home
Living and lot size (sqft): 8,608 / 33,541
Year built: 1991
Beds, full baths and half baths: 5 / 6 / 1
Garage: 3 (easy conversion to garage)
Water front or access: no / no
Exterior walls and roof: concrete / S-Tile Roof
Floor and pool: tile / no
Heating and cooling: central / central
Sewer: municipal
Got questions on this listing? Call or text me at (305) 305-1535
Monthly Mortgage Payment at 4.5% interest rate, 30-year fixed, and purchase price of $1.2 million:
Bought a home last year? You got till March 1st to file for homestead exemption. Not a homeowner or know someone who purchased a property? Share this post today!
FHA VA OK. Largest town-home in Tuscany. Tall ceilings. Open kitchen layout with stainless steel appliances and wood cabinetry overlooking dinning area. Large master bedroom with walk-in closet, shower-spa-tub combination, and balcony. Tiled flooring throughout first floor and carpet upstairs. One car garage, interior laundry, and spacious patio. No rental restrictions.
Property Details:
Transaction type: seller representation
Asking price for sale: $259,000
Short sale or foreclosure: no / no
Type of property: townhome
Living and lot size (sqft): 1,747 / 1,900
Year built: 2005
Beds, full baths and half baths: 3 /2 / 1
Garage: 1
Water front or access: no / no
Exterior walls and roof: concrete / barrel
Floor and pool: tile/carpet / no
Heating and cooling: central / central
Sewer: municipal
Got questions on this listing? Call or text me at (305) 305-1535
Monthly Mortgage Payment at 4.5% interest rate, 30-year fixed, and purchase price of $259,000:
Mario Avalos 