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Coral Gables Category

EWM #1 in Sales Over $1,000,000!

No one sold more properties over $1,000,000 in Miami-Dade County in 2013 than EWM Realty International.  EWM agents sold 420 single family homes and condominiums in that price range last year, and that was 26% more than our next closest competitor (who sold 334 properties in that same price range)!

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Releasing that information made me want to look back a few years at the prices in Dade County!  In January,  2003 the average price per square foot of a property priced over $1,000,000 in Dade County was $375.  When the market “peaked” in that 2007ish period the average price per square foot was in the $550-$600 range.  By mid-July, 2013, we were looking at about $625 per square foot, and by the end of the year we were in the $650ish price per square foot.  As we settle into 2014 I will be keeping my blog updated with facts and trends,  especially in Coral Gables, Coconut Grove, South Miami, Pinecrest, Palmetto Bay, and the Ponce/Road corridors, where I specialize in luxury real estate, both for sale and for rent. 

The Last 10 Years In Luxury Real Estate Sales
($1,000,000 and over)

 To learn more about real estate in South Miami, Coral Gables, Coconut Grove, Pinecrest and Palmetto Bay, contact Val Byrne at [email protected] or at 305-323-6231. Val Byrne – Working For You!

The Grammys, the Emmys, the Oscars, and the Chairman’s Club!

EWM Realty Alone RedEWM announced the 2013 Chairman’s Club members this weekend.  32 EWM agents in Dade and Broward Counties have been given the highest honor, the Diamond Club Level, for selling the most real estate (dollar volume) company-wide, and representing the most selective “top” 1/2 of 1%  of realtors nationwide.  They say a person is judged by the company they keep, and as a member of  the Diamond Club I am honored to be keeping company with these outstanding professionals, especially those selling real estate in Coral Gables, Coconut Grove, South Miami, Pinecrest, Palmetto Bay, and the Ponce/Davis corridor.   I not only specialize in real estate in those neighborhoods, but have lived in or been a property owner in each one of them too!Herald for Sherrie to email.indd

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Val Byrne
Working For You!

 

A very special thank you to the Buyers and Sellers who worked with me this past year – it was a complete pleasure, and I am happy to call each one of you ‘friend’.  As they say at my son’s high school (Christopher Columbus High School), Adelante! 2014 is off to a great start!

 

To learn more about real estate in South Miami, Coral Gables, Coconut Grove, Pinecrest and Palmetto Bay, contact Val Byrne at [email protected] or at 305-323-6231. Val Byrne – Working For You!

Two Residences Recently Rented by Val Byrne in Coral Gables & Coconut Grove

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42-200x150 33-200x150 23-200x150                                   118 Zamora Avenue, #206

Coral Gables, FL

List Price: $2,700/month

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2715 Tigertail Avenue, #510

Coconut Grove, FL

List Price $1,900/mo

“Going, Going, Gone” continues to be the trend in the rental market as prices creep up.  2014 is off to a great beginning at EWM with over $180 million in new sales and lease contracts being written in the last 3 weeks. Wow!

To learn more about real estate in South Miami, Coral Gables, Coconut Grove, Pinecrest and Palmetto Bay, contact Val Byrne at [email protected] or by phone at 305-323-6231. Val Byrne – Working For You!

Are You An Unmarried Couple Thinking About Buying A Home?

I’ve worked with unmarried couples that decided to purchase and settle before marrying; and I’ve worked with couples that will not be marrying – not in the State of Florida, anyway. 

The Miami Herald published a great article last week on this topic. If you are thinking about buying a home with a significant other you should read it!  There are 6 tips that are invaluable:

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1) SWAP FINANCIAL HISTORY

Know about each other’s student loans, credit card debt, retirement accounts, etc.

 

 

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2)  AGREE ON WHAT YOU CAN AFFORD

Determine what each person can (and cannot) contribute.

 

 

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3)  SIGN A CONTRACT

And this is not referring to a Sales Contract! Enlist an attorney and draw up a contract before you buy a property outlining contributing amounts, equity amounts, rights of survivorship, and the unthinkable: what if the relationship dissolves.

 

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4) UNDERSTAND OWNERSHIP OPTIONS

Joint Tenants vs. Tenants in Common

 

 

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5)  REVIEW TAX IMPLICATIONS

 

 

 

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6)  RESET WEDDING EXPECTATIONS

The author suggests there might not be enough money left over for a wedding after purchasing a home.  Hey, wait till you have kids!

 

 

To learn more about real estate in South Miami, Coral Gables, Coconut Grove, Pinecrest and Palmetto Bay, contact Val Byrne at [email protected] or by phone at 305-323-6231. Val Byrne – Working For You!

 

Condo For Rent In Coral Gables! $2,800/month! Villa Zamora, 118 Zamora Avenue, #206

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3 Bedroom | 2 Bath

List Price $2,800.00/month | MLS #A1892603

Come home to a fabulous residence in this wonderful ’boutique’ building just a few short blocks from downtown Coral Gables. Built in 2007 with equal parts comfort and elegance for the discerning eye!  Fabulous master suite has a giant walk-in closet and sumptuous bath, guest/children’s bedrooms are generously sized, a ‘real’ laundry room has full size washer and dryer, and kitchen with snack court was masterfully planned.  Add marble floors, crown molding, secured entry, and 2 parking spaces next to the elevator, and you’ve got it all! 

 To learn more about South Miami, Coral Gables, Coconut Grove, Pinecrest and Palmetto Bay, contact Val Byrne with EWM Realty International or www.MiamiRealEstateWorks.com at email at [email protected] or by phone at 305-323-6231. Val Byrne – Working For You!

MIAMI TODAY INTERVIEWS EWM’S NANCY BATCHELOR AND ME!

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Coral Gables, Coconut Grove, and Ponce/Davis Corridor
Homes for Sale vs Sold vs Pended in 2013
$1,000,000 and Over

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Pinecrest Homes for Sale vs Sold vs Pended in 2013
$1,000,000 and Over

Miami Today ended 2013 real estate news with a bang last weekThe December 31st issue recaps a very successful year for Dade County in the luxury real estate market (sales prices of $1,000,000 and up).

Read the article for details but in summary nearly 1 in every 5 single family homes closed in Dade County sold for $1,000,000 or more.  In the condo market about 1 of every 8 properties sold for $1,000,000 or more.  Bringing this reality a little closer to home let’s look at the $1,000,000+ single family home stats in Coral Gables (including the Ponce/Davis corridor), Coconut Grove, and Pinecrest, where I specialize in luxury properties. The graphs represent properties which have sold, are pending a closing, or are for sale on the MLS system.

Another fun fact: real estate agents at EWM Realty International sold a property for $1,000,000 or more about every 17 hours in 2013!  It was an exciting year in real estate and all indications are that the momentum will continue in 2014.

To learn more about South Miami, Coral Gables, Coconut Grove, Pinecrest and Palmetto Bay, contact Val Byrne with EWM Realty International or www.MiamiRealEstateWorks.com at email at [email protected] or by phone at 305-323-6231. Val Byrne – Working For You!

 

Home For Rent In Coral Gables $2,400/month! 124 Malaga Avenue

EXTERIOR FRONT

2 Bedroom | 1 Bath 

List Price $2,400/month | MLS #A1886681

Adorable, charming residence just steps away from the boutiques, restaurants, and cafes that define Coral Gables. Located midway between Miracle Mile and Merrick Park, a block east of Ponce de Leon Blvd. Updated with impact glass, hardwood floors, and newer kitchen & baths. Spacious backyard is completely fenced and pets are welcome! One car garage and spacious driveway! Current tenant vacating January 15th. The property will be ready shortly thereafter.

To learn more about South Miami, Coral Gables, Coconut Grove, Pinecrest and Palmetto Bay, contact Val Byrne with EWM Realty International or www.MiamiRealEstateWorks.com at email at [email protected] or by phone at 305-323-6231. Val Byrne – Working For You!

‘It Takes a Village’ to Successfully Buy or Sell a Home

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It takes more than a willing Buyer and Seller to close a real estate transaction, especially in today’s market where low inventory can produce stress and hasty decisions. It ‘takes a village’ of professionals who can work together harmoniously for the same goal.

I’ve been very fortunate this year to have worked with not only great Buyers and Sellers, but some of the kindest, most wonderfully experienced realtors, home inspectors, permit processors, title companies, and real estate attorneys working in Coral Gables, Coconut Grove, Pinecrest, South Miami, Palmetto Bay, and the surrounding corridors. 

Thank you for a fantastic year, and best wishes to all of you in 2014. 

To learn more about South Miami, Coral Gables, Coconut Grove, Pinecrest and Palmetto Bay, contact Val Byrne with EWM Realty International or www.MiamiRealEstateWorks.com at email at [email protected] or by phone at 305-323-6231. Val Byrne – Working For You

Art Week Shines in Miami! (and finally, so did the sun!)

 

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There are so many art venues to see this week; it will be impossible to see everything I want to see.  I have a ‘bucket list’, and little by little I’m making my way through it.  Yesterday, I went to Art Miami (Christie’s International is a sponsor), Context, and Spectrum Miami.  It was a WOW day: wow the gallery displays were amazing, and wow my feet were killing me.  Have you ever seen the Modern Family show where Gloria (Sofia Vergara) painfully walks through Disneyland in high heels and Jay buys her some plush mini-mouse slippers?  Rule number 1 at Art Week Miami: flat shoes.

ARTBASELI dread the traffic but this weekend I’m headed to Miami Beach to enjoy Art Basel, AQUA, NADA (New Art Dealers Alliance – an incredible non-profit!), and the Brazil Art Fair.  The Perez Art Museum is No. 1 on my list, but now it’s part of our Miami culture so I may avoid the crowd and see it MANY TIMES in my future.  I look forward to getting back to routine, the holidays, real estate (I specialize in South Miami, Coral Gables, Coconut Grove, Pinecrest, & Palmetto Bay), and family life!

Here are a few glimpses of yesterday (I love animal sculptures. PS,  the bottom right picture is not a sculpture, it’s my sleeping dog, Oz):

To learn more about South Miami, Coral Gables, Coconut Grove, Pinecrest and Palmetto Bay, contact Val Byrne with EWM Realty International or www.MiamiRealEstateWorks.com at email at [email protected] or by phone at 305-323-6231. Val Byrne – Working For You!

 

 

Why You Should Determine Your Insurance Rates During the Inspection Period!

Citizens_Insurance_logo_(640x480)_20100706101331_320_240I have seen some jubilant Buyers turn ashen-white when they learn what their insurance premiums are going to be.  In many of those instances the “insurance bomb” is dropped just a few days before closing – when there is no turning back.  This past week I have been working with Buyers whose insurance premium could possibly exceed their property taxes; luckily we are in our ‘inspection period’ and have alternatives!

When Seller or Seller’s realtor tells you they are paying a palatable “X” amount for homeowner’s insurance please take it with a grain of salt!  Your insurance rate has many factors that may not have been considered when your prospective home was last purchased!11

Flood maps have changed, for instance, residences in flood zones beginning with “A” (AE, AH, etc.) are subject to MUCH higher rates beginning October 1st, 2013 (unless Florida State WrightFloodLogolegislature changes that).  Regarding wind-storm insurance ask for your wind-storm insurance quotes based on complete Dade County-approved hurricane protection, and incomplete protection if your prospective home does not have completely “approved” protection. Compare the difference! All of your  property’s openings (windows, skylights, doors, and garage doors) must be protected with County approved materials in order to get the MOST discounted rate (the lowest rate).

Do your homework during the inspection period so you can plan accordingly. Perhaps you can negotiate price (with your Seller or your insurance carrier!), perhaps you can allocate money to make the necessary hurricane protection changes so you receive your best insurance discount a.s.a.p.; no doubt you will make better decisions. 

 To learn more about South Miami, Coral Gables, Coconut Grove, Pinecrest and Palmetto Bay, contact Val Byrne with EWM Realty International or www.MiamiRealEstateWorks.com at email at [email protected] or by phone at 305-323-6231. Val Byrne – Working For You