kendall

Single Family Prices Flat; Condo-Townhouses Spike

Mario AvalosLeave a comment

Overall, the single family residence market reflects a flat trend in both price appreciation and number of closings during the last four months (see below graph). These figures are expected to continue for the remainder of 2014 and well into 2015.

Why is this happening? Home values and borrower-income are reaching equilibrium.  In other words, consumers are buying at maximum home price based on their salary or comfort level.  Among other factors, for home values to go up, take-home-pay must increase.  Until then, unless home inventory or interest rates significantly drop, prices should remain flat.

trend sfr

With the exception of July, condos and townhouses are following the same pattern as single family residences (see below graph). This spike is July may be a result of home buyers opting not to purchase single family units, and rather go for the more affordable condo/townhome.

Above and below graphs contain combined pricing and volume data for the following cities: Coconut Grove, Coral Gables, Cutler Bay, Kendall, Palmetto Bay, Pinecrest, South Miami, Sweetwater, The Roads, West Miami and Westchester.

trend th condo

Average Home Price – Single Family – Year-to-date July 2010 vs Year-to-date July 2014 – Below graph details the comparison between the average home price in 2010 versus 2014 by city.

ave price sfr

Average Home Price – Condo/Town Home – Year-to-date July 2010 vs Year-to-date July 2014 – Below graph details the comparison between the average home price in 2010 versus 2014 by city.

ave price th condo

Days On Market or DOM – Single Family – Year-to-date July 2014 – The below chart shows the number of days a property stays in the market for sale until it is sold.

dom sfr

Days On Market or DOM – Condo/Town Home – Year-to-date July 2014 – The below chart shows the number of days a property stays in the market for sale until it is sold.

dom th condo

Transaction Type – Single Family – Year-to-date July 2014 – The below graph details the type of sales taking place by city.

type sfr

Transaction Type – Condo/Town Home – Year-to-date July 2014 – The below graph details the type of sales taking place by city.

type th condo

Three To Four Months To Sell Your Home

Mario AvalosLeave a comment

 

Average Home Price – Single Family – Year-to-date June 2010 vs Year-to-date June 2014 – Below graph details the comparison between the average home price in 2010 versus 2014 by city.

average single family price miami

Average Home Price – Condo/Town Home – Year-to-date June 2010 vs Year-to-date June 2014 – Below graph details the comparison between the average home price in 2010 versus 2014 by city.

average condo townhouse price miami

Days On Market or DOM – Single Family – Year-to-date June 2014 – The below chart shows the number of days a property stays in the market for sale until it is sold.

days on market single family home miami

Days On Market or DOM – Condo/Town Home – Year-to-date June 2014 – The below chart shows the number of days a property stays in the market for sale until it is sold.

days on market condo townhouse miami

Transaction Type – Single Family – Year-to-date June 2014 – The below graph details the type of sales taking place by city.

type of single family home sale in miami

Transaction Type – Condo/Town Home – Year-to-date June 2014 – The below graph details the type of sales taking place by city.

type of condo townhouse sale in miami

Condo-Townhouse Prices Up 27%.

Mario AvalosLeave a comment

 

Average Condo-Townhouse Price: Year-to-date May 2010 vs Year-to-date May 2014

Below graph details the comparison between the average condo-townhouse price in 2010 versus 2014 by city. For example.  Kendall’s average condo-townhouse price year-to-date May 2010 was $106,239.  Such average price has risen to $147,885 year-to-date May 2014.

average condo townhouse price

How’s the single-family home market? Learn more.

Days On Market or DOM – Condo-Townhouse: Year-to-date May 2014

The below chart shows the number of days a property stays in the market for sale until it is sold. For example. Kendall’s DOM year-to-date May 2014 is 123 days. In other words, on average…from the moment a condo-townhouse hits the market for sale until it is sold is approximately 123 days.

days on market condo townhouse

 

Transaction Type – Condo-Townhouse: Year-to-date May 2014

The below graph details the type of sales taking place by city. For example. In Kendall…29% of all sold condo-townhouses are bank owned.  Fifty-four percent are regular sales. And 17% of all sold condo-townhouses are short sales.

transaction type condo townhouse

Equity Sales Surge YTD May 2014

Mario AvalosLeave a comment

 

Average Home Price – Single Family: Year-to-date May 2010 vs Year-to-date May 2014

Below graph details the comparison between the average home price in 2010 versus 2014 by city. For example.  Kendall’s average home price year-to-date May 2010 was 273,875.  Such average price has risen to $341,090 year-to-date May 2014.

average home price

How’s the condo-townhouse market? Learn more.

Days On Market or DOM – Single Family: Year-to-date May 2014

The below chart shows the number of days a property stays in the market for sale until it is sold. For example. Kendall’s DOM year-to-date May 2014 is 121 days. In other words, on average…from the moment a home hits the market for sale until it is sold is approximately 121 days.

days on market

 

Transaction Type – Single Family: Year-to-date May 2014

The below graph details the type of sales taking place by city. For example. In Kendall…16% of all sold properties are bank owned. 70% are regular sales. And 13% of all sold homes are short sales.

type of sale

Top 4 Places to Go on a Date in Kendall

Rocio CasalesLeave a comment

The Kendall area offers a variety of fun and unique things to do when going on a date. There is no need to always go outside of Kendall to have a good time. Here are a few ideas I have personally enjoyed and hope to pass on.

Kendall’s Ice Skating Arena:
10355 Hammocks Blvd, Miami, FL 33196

Ice skating is a very fun and great idea to take your date on. We live in south Florida, where it is always nice and warm. It rarely goes under 50 degrees so why not change it up a bit and go ice skating at Kendall’s Ice Skating Arena.  It is quite the experience and definitely an ice breaker (pun intended) for first dates. I remember going on one of my first dates ice skating and it definitely took off the pressure on both of us.

Reasons it’s a good idea:

  • First of all, you are forced to hold hands because of the challenge of first time skaters to maintain balance.
  • Second, it’s really cold inside, therefore encouraging close proximity between each other to keep warm.
  • Lastly, ice skating consist of team work to help each other learn to maintain balance and get the flow going, perfect scenario to see if there is chemistry and a connection between each other.

The best part of this experience is that it is super fun and an activity out of the ordinary here in warm, sunny, south Florida.

Regal Kendall Village Cinema 16
8595 SW 124 Ave, Miami, FL 33183kendall regal cinema 16

If you decided to go the more traditional first date route, then the Regal Cinema 16 at Kendall Village is the place to be! This is one of my favorite movie theaters because:

  • it does not get too crowded
  • its fairly quiet compared to other movie theaters I’ve been to
  • And it’s a pretty cool cinema building

Next time you go make sure to take a nice stroll around the area and enjoy each others company.

Moon Thai & Japanese Restaurant
16311 N. Kendall Dr. Kendall, Florida 33196

Do you or your date like sushi? Well this place has it all! Out of all the sushi places I’ve been too (about 4) this place is by far the best! Great selection of a variety of sushi and delicious Thai food! My personal favorites are the spicy tuna roll and fried tempura sushi, they are mouthwatering guaranteed!

Reasons to go:

  • If you are new to sushi or have only tried the California roll (like I used to all the time), experimenting with different types of sushi at Moon is a must and it will not fail you.
  • After eating here you will not want to eat anywhere else!
  • The Thai donuts! Thai donuts at Moon are out of this world! It is a must eat for dessert.
  • Easy on the wallet.

The Palms at Town and Country
8505 Mills Dr, Miami, FL 33183The Palms at Town and Country

If you are looking for live music, entertainment, drinks and good food then The Palms at Town and Country is your go to for a good time. No need to go to anywhere else with its great selection of restaurants and bars. You can also take a nice stroll and enjoy the nightlife it brings. Don’t forget to add your love locket at the bridge over looking Cadillac Ranch restaurant for a nice romantic touch to end the evening.

Reasons to go:

  • Live music and entertainment
  • Great selection of restaurants and variety of drinks (World of Beer and Blue Martini!)
  • Nice and not too loud or chaotic atmosphere to enjoy a more intimate moment

Sir Pizza Auto Show in Kendall

Rocio CasalesLeave a comment

pontiac trans amCome and enjoy a nice, friendly, atmospheric evening at the Kendall auto show featuring classics and new models!

Classic carFor most men, their second dream, after the American dream of owning a home, is to own a sports car or/and a classic  car. Those beautiful muscle cars in which you can FEEL the power of the engines run through your veins as you cruise down the streets having all eyes on you! Now that is a pretty picture to imagine. Or maybe you’re the type of person who likes the new sports type of cars, zooming down the highway, like the Porsche, Camaro, mustang, or Z370.

Wouldn’t it be nice to see all these classics and new cars without having to pay those auto car show fees?  Or you might already be a proud owner of one of these beautiful cars and you would simply love to show it off at a car show. You could show off its latest modifications and upgrades you worked so hard for.

Well this is the place to do so! Every month Sir Pizza located at 12562 SW 120 St hosts a car show in the evening displaying a variety of throwbacks, classical, and newer models of the best cars. Customized cars, restored cars, and cars in its mint condition from way back in the day are all displayed for everyone to enjoy and take pictures of. Also, big trucks and off-roading vehicle are not left behind, they have those too!Nissan 350z

My favorite part of the show was looking at rows of candy colored cars; so beautiful and eye catching! Best part of it all, it’s FREE! No admission fees just bring your family, friends or loved ones to enjoy an evening of amazement as you pass by rows and rows of instant classics and modern cars.

You can also bring your own proud work of a car and show it off! Just drive it to the place and find a nice parking spot, maybe near your own type of car section and meet other car lovers who share the same interest in the same car. Exchange ideas, talk about your most recent upgrades and modification! Then feel proud as people walk by admiring your car and giving you compliments.

Don’t forget to bring your family, friends or even a date! It is a great place to spend a nice Saturday evening with music and entertainment as well.

Location:  Sir Pizza located at 12562 SW 120 St
When: 1st and 3rd Saturdays of each month
Time: check Facebook page but usually 7pm-10pm

Check out the Picture Gallery Below!

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