Miami Foreclosures attracting High School Students!!

By Maycol Delgado | Published: January 16, 2009

 

Miami Foreclosures attracting High School Students!!

Miami Foreclosures have attracted media coverage, foreigner investors and now Teenagers. You have seen the media cover the Miami Real Estate market since the downturn began. The Foreig investors are moving towards the Miami Real Estate market as we speak. The teenagers or students invading a Foreclosure home is something you don’t know about. This happened to me Yesterday while I was doing a routine inspection of one of my Foreclosures. It happened like this.

As I’m getting ready to exit my car I reach out for my camera to take pictures of one of my Foreclosures. It is the primarily reason why I went. As I’m exiting the car I glance at the big window this foreclosure home has. The window is a 5 ft by 8ft window right next to the entry door. The window allows you to look thru the living room, beyond the kitchen and thru the french doors towards the pool. As I look thru the window I notice a human shadow as if someone was hiding. I quickly began to assess the situation and began to think of who was there and why. As I’m thinking I begin to walk and decide to go around the house as I get closer to the back area of the home just I suspected there was someone there. As he saw me he look freighted he looked as if he saw a ghost, turning pale white I thought maybe to ease the pressure I said relax I am not a police officer I’m just here to take pictures. As I continue walking and now entering the home I notice 3 more Students there was 3 girls and two boys.  The students belong to a near high school and where cutting class. Since they weren’t using drugs or vandalizing the home I decided to leave them alone and take the pictures and leave. I quickly took the interior pictures and lefted the home. As I’m driving back to my office my good voice speaks some call it their consciences. It said maybe I should’ve notified the school. What if something happens to them while cutting school. Don’t their parents deserve to know where the kids are? My other voice said they look like good kids meaning no harm leave them alone you were young once. As the two voices in my head began to speak to each other they both had strong points. As I’m writing this I am not sure if I did the right thing or not. But i went back to the office to continue my daily tasks.

We know that Foreclosures have changed many things in our lives. Vacant homes and foreclosure are not just an epic center for vadalism, shelter for the homeless but also a place where teenagers go to cut class. This is more reason why you should be more envolved in your community. You never know it might have been your son or daughter who i caught cutting class. Help Real Estate agents secure and monitor the home in your neighborhood. This is a growing problem and it takes a community of dedicated and caring homeowners to help ease the foreclosure problem.

Ready to buy a Miami foreclosure Home? Contact Global Market Realty today. We have several Miami Foreclosures  for sale in , Search the MLS for foreclosures in Miami .  Do you want more information on a second home or a vacation home please contact us at   305 364 0037                                                                                    

Looking for a home in Miami ? You will find everything you want in the Miami area. The city of Miami is a great place to live and is served by the Dade county School District.

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Real Estate Market Report for North Dade

By Maycol Delgado | Published: January 14, 2009

Real Estate Market Report for North Dade

Real Estate Market Report For Doral, Hialeah, Hialeah Gardens, Miami Lakes, Miami Springs, Opa Locka, North Miami, Surfside.

The Market Report depicts where the Real Estate market is in general and locally. If you would like a more detail report on each city please click here.

Doral

  • There are currently 256 Homes in Doral
  • Highest Price listing is 1,599,000 for home located at 5274 nw 94 pl
  • Lowest Price listing is 205,000 for home located at 8161 nw 107 ct
  • Theres 3 Pending Sales for the Month of Dec. and Jan. Highest Price listing 1,480,000 ( 6821 nw 113ct) in a subdivision called Doral Isles.
  • 6 closed sales in the last 30 days. Selling price was 500,000 ( 5220 nw 104ct) it was 36 days in the market.

Hialeah

  • There are currently 446 homes in Hialeah
  • Highest Price listing is 630,000 for home located at 7635 W 8 ave
  • Lowest Price listing is 90,000 for home located 366 E 45 st
  • There 115 Pending Sales for the Month Dec and Jan. Highest price listing 540,000 ( 50 w 52 st )in Hialeah Fl.
  • 15 closed sales in the last 30 days. Selling Price was 308,000 ( 7681 W 15 ct) it was 79 days in the market.

Hialeah Gardens.

  • There are currently 16 homes in Hialeah
  • Highest Price listing is 574,900 for home located at 10150 nw 133 st
  • Lowest Price listing is 159,000 for home located at 11325 nw 88 ave
  • There 5 Pending Sales for the Month Dec and Jan. Highest Price Listing 175,000 ( 8927 nw 112 te) in Hialeah Gardens.
  • The last closed sale record for Hialeah Gardens was for a home located in 12621 nw 99 ct it was 12 days in the Market.

Miami Lakes.

  • There are 114 homes for sale in Miami lakes
  • The highest priced home 7015 gleneagle dr 2,199,000
  • The lowest priced home 14425 nw 88 ave 210,000
  • There’s 22 pending sales the highest home 158 w Prestwick pl listed for 1,900,000
  • There’s 4 closed sales in the past 30 days the highest closed sale was for 16681 nw 82 ave the closed for 457,500 and it was 226 days in the market.

Miami springs

  • There are 91 homes for sale in Miami Springs
  • The highest priced home 1016 bass point rd 789,000
  • The lowest priced home 372 whithorn dr 178,900
  • There’s 16 pending sales the highest priced home 750 shadow wy listed for 489,000
  • There’s 2 closed sales in the past 30 days the highest closed sale was for 1175 ibis ave and it was 99 days in the market.

Opa locka

  • There are 68 homes for sale in Opa locka
  • The highest priced home 13380 nw 28 ave 400,000
  • The lowest priced home 14240 nw 22 pl 29,900
  • There’s 8 pending sales the highest priced home 81 Bahman ave 185,000
  • There’s 3 closed sales in the past 30 days the highest closed sale was a foreclosure home located at 13281 nw 29 ave and it closed for 74,500 it was 38 days in the market.

North Miami

  • There are 254 homes for sale in North Miami
  • The highest priced home 12505 keystone island 4,900,000
  • The lowest priced home 585 nw 142 st 50,000
  • There s 33 Pending sales in the past 30 days the highest listed home 1,275,000 1965 ne 117 rd
  • There’s 9 closed sales in the past 30 days the highest closed sale was for 985,000 for a home located at 1985 ne 118 rd.

Surfside

  • There are 74 active homes for sale in Surfside
  • The highest priced home is for 6,900,000 (9578 collins ave)
  • The lowest priced home is for 274,000 (9156 harding ave)
  • There’s 6 Pending Sales in the past 30 days the highest listed home 600,000 (9341 carlyle ave)
  • There’s 2 closed sales in the past 30 days the highest closed sale was for 385,000 ( 9141 froude ave)

Would you like a Market Report for a specific area? Contact Global Market Realty today.  Search the MLS for foreclosures in Miami .  Do you want more information on a second home or a vacation home please contact us at                                                                                                   305 364 0037                                                                                                         

Looking for a home in Miami ? You will find everything you want in the Miami area. The city of Miami is a great place to live and is served by the Dade county School District.

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Real Estate Market Report for North Dade and Islands

By Maycol Delgado | Published: January 13, 2009

Real Estate Market Report for North Dade and Islands

Real Estate Market Report for Aventura, Bal harbor, Biscayne Park, Miami Shores, Key Biscayne

This is the First Market Report for North Dade municipalities and city. This Report depicts the Real Estate Market for the last month of Dec 2008. But it gives us a better understanding where the market is and where is going.  

Aventura

  • There are currently 39 Homes in Aventura
  • Highest Price listing is 8,9000,000 for a home located at 19565 Ne 37 ave
  • Lowest Price Listing is for 275,000 for a home located at 3300 NE 192 st # 805
  • Theres 3 Pending Sales for the Month of Dec and Jan. Highest priced listing 1,599,000 and a subdivision called Aventura Estates.
  • 1 closed sale in the last 30 days. Selling price was 535,000 for home located in 21005 NE 31 ave it was 77 Days on the Market.

Bal Harbor

  • There are currently 14 homes in Bal harbor
  • Highest Price listing is 15,650,000 for a home located at 244 bal bay dr
  • Lowest Price listing is for 1,400,000 for a home located at 158 Camden Dr
  • Theres 1 pending sale for the month of Dec and Jan. The home is offered at 2,999,000 (83 Bal Bay Dr)
  • The last recorded sale for Bal Harbor was in 8/11/08 and the home closed at 6,500,000 ( 224 bal bay dr)

Biscayne Park

  • There are currently 42 available homes in Biscayne Park
  • Highest Price listing is 699,000 for a home located at 11500 Griffing Bl
  • Lowest Price listing is for 180,000 for a home located at 11320 ne 10 ave
  • Theres 3 pending sale for the month of Dec and Jan. Highest priced listing 184,900 on a subdivision called Griffings Biscayen Park.
  • The last sales in Biscayne Park goes 60 days back. The Home is located at 725 ne 114 st and it closed date 11/14/08.

Miami Shores

  • There are currently 159 available homes in Miami Shores
  • Highest Price Listing 3,500,000 for a located at 1680 ne 104 st
  • Lowest Price listing if for 74,500 for a located at 186 ne 108st
  • There 19 Pending sale for the month of Dec and Jan Highest Priced listing 699,000 on a subdivision Miami Shores Sec 4.
  • There are 7 closed sales in Miami Shores the highest 815,000 ( 290 Grand Conc) the lowest priced 226,000 ( 338 nw 111 te)

Key Biscayne

  • There are currently 132 available homes in Key Biscayne
  • Highest Price Listing 19,900,000 for a located at 1 harbor point
  • Lowest Price listing for 990,000 for a located at 137 buttonwood dr
  • There are 2 Pending Sale for the month of Dec and Jan Highest Priced listing 997,900 on a subdivision called Holiday Colony.
  • There are 4 closed sales in Key Biscayne in the last 60 days. The highest Priced listing 2,700,000 ( 670 Warren Lane). The lowest Priced listing 794,500 ( 250 cranwood dr)

Miami Beach

  • There are currently 450 available homes in Miami Beach

  • Highest Price listing is 25,000,000 for located at 88 la Gorce Dr
  • Lowest Price listing for 227,900 for located at (815 83 st)
  • There are 24 Pending sales for the month of Dec and Jan. Highest Priced listing is 14,400,000 ( 4949 Pinetree dr. The lowest Priced listing 239,000 for a home located at 161 Biarritz Dr
  • There are 5 Closed sales in the last 30 days. The highest closed sale 3,700,000 ( 324 w san marino dr)
  • The lowest closed sale 350,000 ( 1030 w 47 st) it was 51 days on the market.

Would you like a Market Report for a specific area? Contact Global Market Realty today.  Search the MLS for foreclosures in Miami .  Do you want more information on a second home or a vacation home please contact us at                                                                                     305 364 0037                                                                                                  

Looking for a home in Miami ? You will find everything you want in the Miami area. The city of Miami is a great place to live and is served by the Dade county School District.

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Real Estate Market Report for South Dade

By Maycol Delgado | Published: January 8, 2009

Real Estate Market Report for South Dade.

Real Estate Market Report For Brickell, Coral Gables, Cutler Ridge, Kendall, Miami, South Miami, Sweetwater, Village Pinecrest.

This is the first market Report for 2009 please be advice this report depicts the Real Estate Market for the last month of 2008. The numbers may be different because as you know it was holiday season and the Real Estate Market is typically a slightly more silent than normal within the last months of the Year.  

 

Brickell Condos  

  • There are currently 554 Condos in Brickell
  • Highest Price listing is 4,900,000 located in the building called the Four Seasons
  • Lowest Priced Listing is for 95,000 located in The Club at Brickell Bay
  • Pending Sales 62 condos Highest priced listing 899,000 in the Jade Residences
  • Closed Sales in Dec 2008 15 condos ( Highest priced 910,000 in the Jade)

AS we know today Brickell is black  listed from most of the financial institutions. Most of the buyers came in with a very high down payment or a completely cash transaction. The Month of Dec showed 15 new close sales in the Brickell area. The big question we should asked ourselves who are purchasing and why? IF you want to search for Condos in Brickell note that Brickell is not its own city it is part of Miami. But to narrow your search you can include this zip code 33131.

Coral Gables Homes

  • There are currently 550 homes in Coral Gables
  • Highest Price listing is 24,500,000 ( 620 Arvida Pw)
  • Lowest Priced Listing is 150,000 ( 1993 red rd)
  • Pending Sales 53 homes highest priced listing is 7,000,000
  • 18 Closed Sales in the month of Dec. The highest priced 2,700,000 7370 vistalmar st.

 

Cutler Ridge Homes

  • There are currently 49 homes in Cutler Ridge
  • Highest Price listing is 389,000 ( 18610 sw 97 ct )
  • Lowest Priced listing is 76,900 ( 9971 sw 198st)
  • Pending Sales 6 highest priced listing is 290,000
  • 5 closed sales in the month of Dec. The highest priced 250,000 19710 Bel aired r

Kendall Homes                                   

  • There are currently 23 Homes in Kendall
  • Highest Price listing is 2,949,000 ( 11750 sw 88 ave)
  • Lowest Priced listing is 399,000 9411 sw 112 st
  • Pending Sales 1 highest Priced listing is 11355 sw 95 ave
  • There weren’t any closed sale in the month of Dec in Kendall.

Miami

  • There are currently 604 lisitngs in Miami
  • Highest Price listing is 9,500,000 ( 1910 s bayshore ln
  • Lowest Price listing is 74,900 ( 2340 nw 105 ter)
  • 104 Pending Sales highest price listing 5,500,000 ( 4790 sw 78 st )
  • 11 closed sales in the month of Dec. The highest Priced 1,799,000 ( 3821 El Prado Bl)

South Miami

  • There are currently 99 listings in South Miami
  • Highest Price listing is 2,500,000 ( 6700 sw 67 street)
  • Lowest Priced listing is 69,000 ( 6461 sw 59 ct)
  • 10 pending sales highest price listing is 1,349,000 ( 6250 sw 79 st )

5 Closed Sales in the month of Dec the highest closed sale was for 1,200,000 the lowest closed sale was for  164,000 for home 4024 sw 61 ave

Sweetwater

  • There are currently 34 listings in Sweetwater
  • Highest Priced home is 436,800 ( 11609 sw 7 te)
  • Lowest Priced home is 60,000 ( 11028 nw 5 st)
  • 1 pending sale offered at 199,000 ( 11248 sw 6 st)
  • 1 closed sale in the month of Dec the home closed for 198,000 ( 521 sw 114ct)

Village of Pinecrest

  • There are currently 267 listings in Pinecrest
  • Highest Priced home is for 6,999,000 ( 6500 sw 98 st)
  • Lowest Priced home is 290,900 ( 12900 sw 82 av)
  • 31 pending sale offered at 3,350,000 ( 9681 sw 60 ct)
  • 8 closed sale in the of Dec the home closed for 3,100,000 ( 9510 sw 63 ct)

This Market report Is only for single family home with the exception of Brickell.  IF you would like to know the Market Report for condos in any area please email us or contact us. The market report depicts what the condition and trend is of our Real Estate Market.

Would you like a Market Report for a specific area? Contact Global Market Realty today.  Search the MLS for foreclosures in Miami .  Do you want more information on a second home or a vacation home please contact us at                                                                       305 364 0037                                                                                           

Looking for a home in Miami ? You will find everything you want in the Miami area. The city of Miami is a great place to live and is served by the Dade county School District.

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Going Back to the Basics

By Maycol Delgado | Published: January 7, 2009

 

Back to the Basics.

Have you ever gotten so good at something work or a hobby that you tend to over look the fundamentals or the basics? Everything we do from the workout routines to the way we cook it has its core fundamentals. If you ever watched Tiger Woods play golf the chances are you get memorized of the way he swigs the club and how he’s able to make almost every impossible shot. But what most won’t notice is the technique. The way he stands to the way his body rotates after the shoot, its fundamentals at its best. To master the technique takes relentless amount of practice and dedication. To achieve this type of success a golfer must of the core fundamentals.

This weekend I was impress in how I have managed to get an extra 25 phone calls of potential Buyers by going back to the fundamentals.  Even an ad in the Diaros de la Americas didn’t generate this amount of calls. I was pushed to the idea by my own client in which she asked for me to go the extra mile. From Saturday to Monday 125 flyers and newsletters was distributed in Miami Lakes within a mile radius of my client’s house. The flyers were posted in Publix, CVS, shopping centers and Banks anywhere and everywhere I could think of. The flyers were eye catching with colors and Big font letters. They created a little frenzy and it arouses curiosity. At the bottom of the flyers my name and contact information was being rip one by one as potential buyers called.

Even though I am a strong believer of online marketing this weekend I went back to the basics. We know today that the internet is a great resource and is being used more often to look for what we want. Whether is shopping for goods or finding a new home. NAR statics states 80 percent of home buyers begin their search on line. But this weekend I realize how important are the 20% of potential Buyers that are not a custom to internet searches.

 Going back to the fundamentals was an important lesson for me. Whatever you want to accomplish this week, month or year, remember the fundamentals keep it simple and stick to the basics. Don’t get to caught up on a new way of doing things go back and find the fundamentals. IF its buying a home focus on what’s important to you nothing else matters.  If you are selling look to market your home in community bulletins and neighborhood shopping center. Or of course you can also call me I will provide you that service.

Would you like a Market Report for a specific area? Contact Global Market Realty today.  Search the MLS for foreclosures in Miami .  Do you want more information on a second home or a vacation home please contact us at  305 364 0037                                                                                           

Looking for a home in Miami ? Dont hesitate call us today! 

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Foreclosure homes and short sales are dominating our Real Estate Market.

By Maycol Delgado | Published: December 18, 2008

 

If you are a buyer in today’s Real Estate market you will notice Short sales and foreclosures homes are dominating the Real estate market. 1 out of 15 homes are either foreclosures or short sales. Short sales have changed the way we present and sale homes today. In a traditional Real estate Sale Home owners would hire a Real Estate agent to sale their home. The agent would enter into fiduciary relationship acting in his best interest.

In today’s Real Estate market this still holds true but now a real estate agent and homeowner must receive the final approval from the lender.. The bank can either say nay or yea. In most cases when short sales take form and serious negotiations take place most loss mitigators often ask critical questions such as.

  • 1. Is this the highest and best offer
  • 2. How long has the home been In the market
  • 3. Can you cut commissions and expenses

Most banks one way or another want the answers to these questions.  Remember we are representing the seller not the bank.

  My answers would be….

1. Yes this is the highest and only offer that I will present to you any more offers that I receive it will not be presented because it means more work.

2. The home has been in the market long enough to have just one single offer.

3. Can I cut commissions of course I can in fact do not pay my commission up front. What we can do is you can give me a promissory note to pay all commission with interest at a rate of 20% for a term of 12 months.

Short sales take time and demand a lot of patience. Many times the answers to these questions can be the outcome between closing or not.  

If you are a investor or a first time Ii homebuyer be advice that short sales can take at least 45 days. And more often than not it demands an experience Real Estate agent with good negotiating skills. Oh by the way most loss mitigators laugh after my commission proposal hey at least I get them to laugh before real negotiations take place. Humor is a great way to break the ice.

Ready to buy a Miami foreclosure Home? Contact Global Market Realty today. We have several Miami Foreclosures  for sale in , Search the MLS for foreclosures in Miami .  Do you want more information on a second home or a vacation home please contact us at                                           305 364 0037                                                                             

Looking for a home in Miami ? You will find everything you want in the Miami area. The city of Miami is a great place to live and is served by the Dade county School District.

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The End of Miami’s Condo Boom..

By Maycol Delgado | Published: December 16, 2008

 

The End of Miami’s Condo Boom..

It was early 2005 when I began hearing a big buzz about another development in Miami.  The new building was to be called Altos de Miami. This building was projected to help transform little Havana. Its architecture and building amenities was nothing like it in the area. The building offered state of the art amenities pool, club house, gym and a lobby that represent lifestyle and luxury. In early 2007 the building quickly began to gain popularity and units began to sale.  But as they say time is of the essence and timing is the next best thing. The building was completed at the end of the peak of the condo boom. Many investors and repeat buyers had already bought at other developments that were finished before Altos de Miami. The Condo market slowly began to shift as the condo market was saturated with inventory.  The end of the overpriced real estate market was near. Foreclosures slowly began to rise and the subprime loans weren’t selling in the secondary market. The dawn of a new real estate market began to unfold. Little did we know that the new real estate market was going to affect the whole world.  The collapse of the mortgage industry lead to many of our major lenders downfall and wrote American history once again. The future of the condo market is different than what the developers of Altos de Miami expected to be.

An Article on Altos De Miami.

“A foreclosure sale has been scheduled for Feb. 13 to auction off 56 units in the Altos de Miami condominium in Miami’s Little Havana neighborhood.

New York-based Lehman Brothers Holdings was awarded $12.5 million and Glen Royal Parkway Acquisition – which acquired a mortgage from New York-based iStar FM Loans – was awarded $6.5 million in the Nov. 13 judgment in Miami-Dade County Circuit Court.”

We know today not only were investors and first time home buyers affected but major developers and development as well.

Ready to buy a Miami foreclosure Home? Contact Global Market Realty today. We have several Miami Foreclosures  for sale in , Search the MLS for foreclosures in Miami .  Do you want more information on a second home or a vacation home please contact us at 305 364 0037                                                                      

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Real Estate Market Reports for Doral, Hialeah, Hialeah Gardens, Miami Springs, Miami Lakes, Miami Shores.

By Maycol Delgado | Published: December 11, 2008

Real Estate Market Reports for Doral, Hialeah, Hialeah Gardens, Miami Springs, Miami Lakes, Miami Shores.

The sole purpose of the Miami Real Estate Market report is to provide you the buyer or seller information of the area of your interest. With information of highest price listings, lowest priced listing, Days on market and closed sale can assist you with making the right decisions. Statistics shows us that the best inform seller or buyer make the best decision. 

City of Doral

  • There are currently 319 single family homes in Doral.
  • Highest Price listing is 1,650,000 ( 9415 NW 54 Ln) Luxury home
  • Lowest Priced Listing is 205,000 ( 8161 NW 107 ct)
  • Pending Sales 29 Homes Highest Priced Listing 1,480,000
  • Closed Sales in 2008 117 homes ( 9 sales within 30 days)

In the last 30 days the highest sale has been for 820,000 for home located in 11285 Nw 66 st.

In early 2000 Doral became a high demanded area for business owners and Residents to live in. Prices have slightly drop in the condos and townhouse sector because of over development.

Condos and townhouses In Doral

  • There are currently 891 condos and townhouses in Doral.
  • Highest Priced Listing is 610,000 ( 11374 NW 83 Wy)
  • Lowest Priced Listing is 54,900 ( 4134 Nw 79 ave # 2b)
  • Pending Sales 110 Condos Highest Priced listing 379,000
  • Closed Sales in 2008 (197 condos and townhouses) ( 19 sales within 30 days)

In the last 30 days the highest sale has been for  400,000 for  townhouse located in 6389 nw 109 ave # 6389

City of Hialeah, FL

There are currently 531 single family homes in Hialeah

  • Highest Price listing is 630,000 ( 7635 W 8 ave)
  • Lowest Priced listing is 89,900 ( 614 Se 3 st)
  • Pending Sales 120 homes highest priced listing is 540,000
  • Closed Sales in 2008 194 homes ( 14 sales within 30 days)

In the last 30 days the highest sale has been for 274,900 for a home located in 7095 W 12 Ln. The lowest sold home was a foreclosure and it sold for 135,000 for a home located in 750 Se 4 PL.

There are currently 748 condos and townhouse in Hialeah.

  • Highest Price listing is 330,000 ( 8073 W 36 ave)
  • Lowest Priced listing is 45,000 ( 666 W 81 st # 325)
  • Pending Sales 66 condos highest priced listing is 245,000
  • Closed sales in 2008 129 condos & townhouse ( 13 sales within 30 days)

In the last 30 days the highest sale has been for 165,000 for a townhouse located in 7341 w 16 ave. The lowest sold condo was a foreclosure it sold for  53,000 it is located in 1230 w 54 st # 313 A.

City of Miami Springs

There are currently 105 homes for sale in Miami Springs

  • Highest Price Listing is 789,000 ( 1016 Bass Point Rd) Luxury home
  • Lowest Price Listing is 130,000 ( 4975 Nw 15 ct)
  • Pending Sales 12 highest priced home is 489,000
  • Closed Sales in 2008 61 ( 4 sales within 30 days)

In the last 30 days the highest sale has been for  349,000 for a home located in 231 lenape Dr. The lowest sold home was a foreclosure and it sold for 185,000 it is located in 133 Nahkoda Dr.  

City of Miami Lakes

There are currently 143 homes for sale in Miami Lakes

  • Highest Price Listing is 2,199,000 ( 7015 Gleneagle Dr) Luxury Home
  • Lowest Price Listing is 230,000 ( 6332 Gage Pl)
  • Pending Sales 30 highest priced home is 1,900,000
  • Closed Sales in 2008 82 ( 5 sales within 30 days)

In the last 30 days the highest sale has been for 499,000 for home located in 7942 Nw 158 te. The lowest sold home was a foreclosure and it sold for 260,000 it is located in 8822 Nw 151 st.

There are currently 117 condos & townhouse in Miami Lakes

  • Highest Price Listing is 525,000 ( 8221 Dundee Terr #8221)
  • Lowest Price Listing is 69,900 ( 13900 Lake Placid Ct #C26) Foreclosure
  • Pending Sale 10 highest Priced 220,000
  • Closed Sales in 2008 53 ( 3 sales within 30 days)

In the last 30 days the highest sale was for 305,000 for a townhouse located in 8396 NW 143 ter. The lowest sold home was for 196,300 for a townhouse located in 8402 Nw 141 te # 4001.

City of Miami Shores

 

There are currently 180 homes for sale in Miami Shores

  • Highest Price Listing is 3,500,000 ( 1680 Ne 104 st) Luxury Home
  • Lowest Price listing is 139,900 ( 9338 nw 2 ave)
  • Pending Listing is 15 highest Priced 699,000
  • Closed Sales in 2008 97 ( 12 sales within 30 days)

In the last 30 days the highest sale was for 490,000 for a home located in 240 NE 99 st. The lowest sold home was for 116,000 for a home located in 154 nw 111 st.

This Market Report included 6 municipalities that belong to Miami Dade county. As you can see some neighborhoods are more volatile than others.

Do you want a Market Report for your neighborhood? Contact Global Market Realty today. We provide valuable information to inform all of our buyers and sellers. Search the MLS for foreclosures and Luxury homes in Miami .  Do you want more information on a second home or a vacation home please contact us at               305 364 0037                                                                             

Looking for a home in Miami ? You will find everything you want in the Miami area. The city of Miami is a great place to live and is served by the Dade county School District.

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Getting to know Short sales….

By Maycol Delgado | Published: December 9, 2008

 

Getting to know Short sales….

If you are a buyer in today’s Real Estate market you will notice Short sales and foreclosures homes are dominating the Real estate market. 1 out of 15 homes are either foreclosures or short sales. Short sales have changed the way we present and sale homes today. In a traditional Real estate Sale Home owners would hire a Real Estate agent to sale their home. The agent would enter into fiduciary relationship acting in his best interest.

In today’s Real Estate market this still holds true but now a real estate agent and homeowner needs to receive the final approval from the lender.. The bank can either say nay or yea. In most cases when short sales take form and serious negotiations take place most loss mitigators often ask critical questions such as.

  • 1. Is this the highest and best offer
  • 2. How long has the home been In the market
  • 3. Can you cut commissions and expenses

Most banks one way or another want the answers to these questions.  Remember we are representing the seller not the bank.

  My answers would be….

1. Yes this is the highest and only offer that I will present to you any more offers that I receive it will not be presented because it means more work.

2. The home has been in the market long enough to have just one single offer.

3. Can I cut commissions of course I can in fact do not pay my commission up front. What we can do is you can give me a promissory note to pay all commission with interest at a rate of 20% for a term of 12 months.

Short sales take time and demand a lot of patience. Many times the answers to these questions can be the outcome between closing or not.  

If you are a potential real estate buyer be advice that short sales can take at least 45 days. And more often than not it demands an experience Real Estate agent with good negotiating skills. Oh by the way most loss mitigator laugh after my commission proposal hey at least I get them to laugh before real negotiations take place. Humor is a great way to break the ice.

Ready to buy a Miami foreclosure Home? Contact Global Market Realty today. We have several Miami Foreclosures  for sale in , Search the MLS for foreclosures in Miami .  Do you want more information on a second home or a vacation home please contact us at                             305 364 0037                                                                      

Looking for a home in Miami ? You will find everything you want in the Miami area. The city of Miami is a great place to live and is served by the Dade county School District.

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Real Estate Market Reports for Pinecrest, Coral Gables, Palmetto Bay.

By Maycol Delgado | Published: December 2, 2008

Real Estate Market Reports for Pinecrest, Coral Gables, Palmetto Bay.

This is the Miami Real Estate Market Report for the last quarter of the Year. I would agree 2008 was a year of many challenges Indy Mac, countrywide, Lehman Brothers all filed for bankruptcies ,the price of gas nearly went up to 4.00 dollars and unemployment rate rose. We also witness Miami Foreclosures increasing at a rate of nearly 50 % experts say 2009 will be another year of foreclosures. But as it was a challenging year for many others like Real Estate investors and first time home buyers began to purchase Miami Real Estate and luxury homes. New Luxury homes that were built early in 2006 were also affected due to the Real Estate Market. But prominent areas such as Pinecrest, Coral Gables and Palmetto Bay have been impacted due to the Real Estate Market but experts say the Prices are going to stabilizing late next year.

Every month my Real Estate Monthly Report is being published in the web. IF you would like to know about another area or neighborhood I didn’t cover please email me.

Village of Pinecrest Real Estate Market Report.

There are currently 245 listings in The Villlage of Pinecrest.

  • 1. Highest priced listing is 6,999,000 ( located at 6500 SW 98 street)
  • 2. Lowest Priced listing is 259,000 ( Foreclosure located at 7820 sw 110st)
  • 3. Pending Sales 32 homes Highest 3,350,000 lowest 317,900
  • 4. Closed Sales in 2008 132 ( 6 sales in the past month)

In the last 30 days the highest sale has been for 2,775,000 for the property located at 11800 sw 69 ave that was originally listed for 3,845,000. The average sale price in Pinecrest is 1,035,000.

Pinecrest still remains a sought out and highly demanded area for many investors and Home buyers.

Coral Gables Real Estate Market Report.

There are currently 570 single family home listings in Coral Gables Florida:

  • 1. Highest priced listing is for 24,500,000 ( 620 Arvida PW ) the property is still under construction but it is breathtaking with many details.
  • 2. Lowest Priced listing is listed for 84,500 it is a tear down home.
  • 3. Pending Sales ( 61)
  • 4. Closed Sales (316 homes have closed in 2008) ( 15 homes have closed this month)

The highest priced listed that sold this month was 105 Paloma Dr the home was listed for 5,795,000 and it closed at 4,893,000

Palmetto Bay Real Estate Market Report

There currently 275 single family home listings in Palmetto Bay Florida

  • 1. The highest priced home is for 2,600,000 ( 14201 Old cutler Rd)
  • 2. Lowest Priced home is for 74,290 ( 16915 sw 93 ave)
  • 3. Pending Sale (26)
  • 4. Closed Sales ( 180 homes closed in 2008 ) ( 30 homes closed in Nov. 2008 with the highest price sale at 490,000 it was listed at 545,000)

    Ready to buy a Miami Luxury Home ? Contact Global Market Realty today. We have several Miami Luxury Homes for sale in , Search the MLS for foreclosures in Pinecrest, Coral Gables, Palmetto Bay . Do you want more information on a second home or a vacation home In Miami please contact us at 305 364 0037

    home value

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