Dec 5, 2010 | FORECLOSURES/SHORT SALES, MIAMI MARKET CONDITIONS
Zillow reports that 47.4% of all homes sold in September were distressed sales. The breakdown from Zillow shows that 27.3% were short sales and another 20.1% were foreclosures. Unfortunately, because appraisers use all available recent sales (distressed and...
Nov 24, 2010 | MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE
52% of all EWM real estate sales right now are cash transactions – and the numbers increase exponentially as we move into the upper price brackets. 2/3 of all of our property sales in the over $1 million category are cash sales. And 1/12 (or 1/13) of all of...
Nov 19, 2010 | MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE
The experts indicate that real estate prices may well have bottomed-out, at least for single family homes in Miami-Dade. New construction has pretty much stopped and there is very little in the way of buildable land left right now in Miami-Dade anyway. As Ron...
Nov 11, 2010 | MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE, REAL ESTATE NEWS, SELLER'S ADVICE
Realty Trac reports that currently 24% of residential home sales are FORECLOSURE property. With the shear volume of foreclosure properties on the market (and foreclosures expected to rise), IF YOU PLAN TO SELL YOUR HOUSE over next couple of years, you might do...
Nov 3, 2010 | BUYER'S ADVICE, IN THE NEWS, MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE, REAL ESTATE NEWS
THE SINGLE MOST IMPORTANT THING FOR YOU AS A HOME-BUYER (BESIDES “LOCATION”) IS “HOW MUCH THE PROPERTY WILL COST” YOU. COST is going to be determined by 2 things: 1) YOUR PURCHASE PRICE (and hence, whether you buy … or not) … and...
Oct 27, 2010 | BUYER'S ADVICE, MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE
There are good times to buy real estate … bad times…. and NOW. People talk about real estate anywhere and everywhere it seems… in line at the supermarket check out … at sporting events… at a cocktail reception. I was sipping an...
