Post on 26-Jul-2015
C o ns i d e r i ng s e l l i ng , i nves t i ng b uy i ng o r re n t i ng i n t he C o r a l Ga b l e s , C o c o nu t G ro ve ,
P i nec res t , Pa l m e t t o Ba y , C u t l e r Ba y a nd Ho m e s t ea d a rea ? Le t m e t o w o r k f o r yo u a nd I w i l l g o t he ex t r a m i l e . Ta ke a l o o k a t t he Re a l E s t a t e M a r ke t Ac t i v i t y f o r O c t o b e r a nd p l ea s e f ee l f re e t o c o n t a c t m e f o r a ny q ues t i o ns , a nd
m o re d e t a i l s a t 3 0 5 - 9 0 5 - 3 3 7 0 .V i s i t m y b l o g Pa l m e t t o Ba yRe a l E s t a t eF l . c o m
a nd s t a y t uned o n t he l a t e s t Rea l E s t a t e N ew s .
Market Update October 2014
• In this report only single family homes were considered and the Information was taken from the MLS system
October Active Listings, Pending Sales Vs. Closed Sales
* Single Family Homes
COCONUT GROVE
CORAL GABLES
PINECREST CUTLER BAY PALMETTO BAY
HOMESTEAD
ACTIVE 86 269 146 153 97 442
CLOSED SALES
9 50 17 37 23 106
PENDING SALES
27 82 36 91 50 424
25
75
125
175
225
275
325
375
425N
um
ber
of
pro
pert
ies
Closed Sales per City September Vs. October
*Single Family Homes
Coconut Grove
September 7
October9
Coral Gables
September31
October 50
Pinecrest
September22
October17
Palmetto Bay
September37
October23
Closed Sales per City September Vs. October
*Single Family Homes
Cutler Bay
September36
October37
Homestead
September100
October106
Closed Sales per City September Vs. October
*Single Family Homes
Coconut GroveClosed Sales for the month of October
Closed Sales of October Coconut Grove
0-30 Days
31-60 Days
61-90 Days
91-120 Days
120 + Days
Number of List-ings
3 3 1 0 2
0.250.751.251.752.252.75
Days on Market Report
500-599K 700-799K 800-899K 1 Million +
Number of List-ings
1 2 2 4
0.251.252.253.254.25
Price Analysis Report
Num
ber
of
Lis
tings
In the Coconut Grove area, the majority of homes that are for sale are priced above the $700K making this city a desirable to live. It is definitely important to see how the market reacts with variable price. Note, that if the property is listed and it is in good condition, (according to the last closed sales dates) in the 90 day period , 7 out of 9 houses were sold.
* In this report was considered just Single Family Homes
Coral GablesClosed Sales for the month of October
0-30 Days
31-60 Days
61-90 Days
91-120 Days
120 + Days
Number of Listings
16 6 9 3 16
1
3
5
7
9
11
13
15
Num
ber o
f Lis
tings
300-3990K
400-499K
500-599K
600-699K
700-799K
800-899K
900-1MIL-
LION +
Number of List-ings
3 4 5 3 7 3 25
2.57.5
12.517.522.527.5
Price Analysis Report
Num
ber
of
Lis
tings
Days on Market Report
For Buyers looking in the Coral Gables area, notice that 28 of the properties sold in October were starting in the $800K price range with totals more than half of the closed sales during the first 90 days on the market.
PinecrestClosed Sales for the month of October
0-30 Days
31-60 Days
61-90 Days
91-120 Days
120 + Days
Number of Listings
5 1 2 2 7
0.52.54.56.5
Days on Market Report
300-3990K
400-499K
500-599K
600-699K
700-799K
800-899K
900-1MIL-
LION +
Number of List-ings
0 0 1 0 1 3 12
1
3
5
7
9
11
13
Price Analysis Report
Num
ber
of
Pro
pert
ies
Sold
The higher percentage of real estate houses for sale in Pinecrest during October is 700K and higher. The number of days on the market is distributed up to 120 days +.
Palmetto BayClosed Sales for the month of October
0-30 Days
31-60 Days
61-90 Days
91-120 Days
120 + Days
Number of List-ings
7 4 6 3 3
0.5
2.5
4.5
6.5
Days on the Market
300-3990K
400-499K
500-599K
600-699K
700-799K
800-899K
900-1MIL-LION
+
Number of List-ings
1 12 6 4 0 0 0
1
5
9
13
Price Analysis Report
Num
ber
of
House
s Sold
In Palmetto Bay the Homes for Sale price range was from 400K – 699K and more than 70% of the properties sold were during the first three months.
Cutler BayClosed Sales for the month of October
0-30 Days
31-60 Days
61-90 Days
91-120 Days
120 + Days
Number of List-ings
17 8 0 4 8
159
1317
Days on the Market149 or under
150-199K 200-249K 250-299 400K or more
Num-ber of List-ings
3 11 12 6 5
1
3
5
7
9
11
13Price Analysis Report
As we move south to Cutler Bay , the price range of the Houses Sold is between $200 - $400k with more than 62% of the homes sold in the first 90 days.
HomesteadClosed Sales for the month of October
0-30 Days
31-60 Days
61-90 Days
91-120 Days
120 + Days
Number of List-ings
58 12 14 7 15
5
25
45
Days on the Market
Num
ber
of
Pro
pert
ies
Sold
149 or under
150-199K 200-249K 250-299 300K or more
Num-ber of List-ings
45 33 16 6 6
2.5
12.5
22.5
32.5
42.5
Price Market Report
Num
ber
of
Pro
pert
ies
Sold
Homestead Real Estate was one of the most affected nationwide by the recession. Now , however, it is one of the cities with the highest number of Houses Sold, and currently has more than 400 properties on pending sale. Just in October, 106 single family homes were sold.Additionally, the price ranges are lower than many other cities . This is a Good Real Estate News!
If you are looking for a responsible Palmetto Bay Real Estate Consultant that is knowledgeable about other cities like Coconut Grove, Coral Gables, Pinecrest, Cutler Bay and Homestead, visit my Blog ( Click this link Maria Medina ) or you can reach me at 305-905-3370 .
I will be more than happy to assist you with a FREE Comparative Market Analysis, just click this link Real Estate News and Update Blog .
I want to earn your business.