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!
Pinecrest home built in 1960, rebuilt in 2003. Open living/dining room areas. Spacious kitchen w/ granite counter tops, wood cabinetry,and ss appliances. Large master bedroom with walk in closets and en-suite. Hurricane impact windows. New tiled roof. New electrical and plumbing systems. New AC w/ electronic filters/double compressors. Updated bathrooms. Italian marble sills throughout. Newly surfaced pool beneath screened patio. Built-in stainless steel BBQ. Basketball court and exterior shed.
Rotary Golf Classic 2015 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. More details can be found at rotarypinecrest.org.
It’s a seller’s market throughout Miami as prices get hot during the first quarter of 2015. Quite a turn around from the later half of 2014. Why the rebound? Foreclosures are no where to be seen and equity sellers (regular home owners like you and I) are gripping to their homes with vengeance reclaiming what they had lost in value since the real estate crisis.
This lack of inventory is giving buyers little to choose from and even lesser price negotiation leverage. Sellers are literally getting away with murder by asking what they want for their home, and getting it.
What’s the outlook? If you ask a seller, bright. If you’re asking a buyer, it sucks. The foreclosure market is expected to continue to dwindle. The economy is expected to continue to improve. And as long as home price appreciation meets or exceeds the cost for home owners to hold onto their properties, the expectation is that they’ll wait “a bit longer” to sell.
What was the average home worth in 2010 vs now is 2015? See below graph.
How long are single family homes staying in the market until they are sold? See below graph.
What type of sales are dominating your neighborhood? See below graph.
Mario Avalos 