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And the Real Estate Forecast Continues to be Sunny Skies……

 

Ron Shuffield, President and genius data cruncher at EWM Realty International delivered our spring outlook last week and the forecast is SUNNY!  Watch this quick video to hear it for yourself, but in a nut shell Ron summarized the last three years of real estate sales in Dade County (2011-2013) as being record breakers.  Each year the number of sales of single family homes and condominiums exceeded the prior year, and these were double digit increases!

 

 

Ron expects to maintain high levels of sales in 2014.  Our indicator of future sales is the amount of inventory of properties for sale, more specifically,  the ‘number of months’ of inventory available. In Dade County we have about 5-6 months of supply right now, which Ron believes is a healthy amount.  In my 20 years selling homes in Coral Gables, Coconut Grove, South Miami, Palmetto Bay, and Pinecrest, I find that a little on the low side, and with that trend prices usually increase.  As Ron says in the video, it is very “neighborhood specific”.

South Miami Number of Homes For Sale & Sold in the past year 1mil - 2milSouth Miami Number of Homes For Sale & Sold in the past year 500,000-1mil

I’m working with a lot of Buyers looking for homes in South Miami, Coral Gables,
and Coconut Grove in the $650,000-$1,000,000 range, and there are very few options out there.  In South Miami alone there is
very little, and even if we stretch budgets up over $1,000,000 the same holds true.

Buyers need to be working realtors who know the market, and know the minute a new home comes on the market. That’s what it often boils down to –  seeing a home and making an offer on day ONE.  Best news in Ron’s spring forecast is that our prices are generally still 35%-40% less than they were at the peak of 2007, and so there are still tremendous values in Miami.

 

To learn more about real estate in South Miami, Coral Gables, Coconut Grove, Pinecrest and Palmetto Bay, contact Val Byrne at val@valbyrnerealtor.com 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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VIEW-200x150 EXTERIOR-POOL-200x150 EXTERIOR-BUILDING-200x150

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 val@valbyrnerealtor.com or by phone at 305-323-6231. Val Byrne – Working For You!

Recently Sold By Valaree Byrne in Palmetto Bay! 14720 SW 79 Avenue

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List Price $610,00.00

This beautiful home is literally located in a park-like setting along the walking trails of Coral Reef Park. These “new-comers” to Miami will enjoy a fabulous neighborhood, world-class park, and one of Dade County’s finest elementary schools (Coral Reef Elementary).  What a great way to start the new year!

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 val@valbyrnerealtor.com or by phone at 305-323-6231. Val Byrne – Working For You!

Just Sold by Valaree Byrne in Coconut Grove! Cloisters Unit #1137

A1849017_101_12

List Price: $1,295,000

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 val@valbyrnerealtor.com or by phone at 305-323-6231. Val Byrne – Working For You!

Recently Sold by Valaree Byrne in Pinecrest! 7700 SW 128th Street

Exterior Front

List Price: $1,495,000

www.7700SW128.com

We have many architectural styles in our diverse South Florida community, and “Classic Mediterranean” is and always will be a desirable part of our culture.  This beautiful, timeless Mediterranean residence sold very quickly (with back-up offers too!) to a lovely couple just starting a family. Congratulations!

Just Sold by Valaree Byrne in Coconut Grove! Yacht Harbour Unit 15C/D

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List Price: $1,300,000

http://bit.ly/1hnJ6UG

The view from S. Bayshore Drive in Coconut Grove, looking out over Biscayne Bay and “Sailboat Bay”,  is priceless. The value is so high you cannot give it a dollar figure! Whether seen from Yacht Harbour, The Mutiny, The Grovenor House, Grove Towers, Grove Hill Tower, or the spectacular and forthcoming Grove at Grand Bay towers, it is inspirational, it is therapeutic, it is spiritual, and it is priceless.  Congratulations to some very special Buyers!

To learn more about real estate in Coconut Grove or any other community – including Coral Gables, South Miami, Pinecrest and Palmetto Bay, contact Val Byrne with EWM Realty International on www.MiamiRealEstateWorks.com or email at val@valbyrnerealtor.com or by phone at 305-323-6231. Val Byrne – Working For You!

Just Sold by Valaree Byrne in Coconut Grove! 3592 Main Highway

A1805598_101_12

List Price: $671,000

http://bit.ly/1d7SFEu

 

To learn more about Coconut Grove or any other community – including Coral Gables, Palmetto Bay, Pinecrest and South Miami, contact Val Byrne with EWM Realty International on www.MiamiRealEstateWorks.com or email at val@valbyrnerealtor.com or by phone at 305-323-6231. Val Byrne – Working For You!

Just Sold in Coconut Grove by Valaree Byrne! 3080 Center Street

beautiful-freestanding-villa-with-patio-courtyard-and-garden-p690104

List Price: $465,000

www.3080Center.com

To learn more about Coconut Grove or any other community – including Coral Gables, Palmetto Bay, Pinecrest and South Miami, contact Val Byrne with EWM Realty International on www.MiamiRealEstateWorks.com or email at val@valbyrnerealtor.com or by phone at 305-323-6231. Val Byrne – Working For You!

Recently Sold By Valaree Byrne in Pinecrest! 7720 SW 128th Street

108List Price: $1,350,000

www.7720SW128.com

As the real estate market continues its upward climb, properties for sale in Pinecrest in the $1,000,000 – $2,000,000 continue to sell like hot cakes.  I listed this beautiful home on June 19th for $1,350,000, and within a week we had 4 fantastic offers.  This eye-catching 6 bedroom / 6.5 bath, built in 2008, closed at asking price! 
Congratulations to the new owners!

To learn more about Pinecrest or any other community – including Coral Gables, Coconut Grove, Palmetto Bay and South Miami, contact Val Byrne with EWM Realty International on www.MiamiRealEstateWorks.com or email at val@valbyrnerealtor.com or by phone at 305-323-6231. Val Byrne – Working For You!

Recently Sold By Valaree Byrne In Cutler Oaks! 7273 SW 146th Street Circle

A1675386_101_12List Price: $795,000

http://bit.ly/12Y1BLz

Cutler Oaks has long been my favorite gated community in Palmetto Bay, and it was a pleasure to sell this sweet home. It was plain lucky that there was even a home available – there have only been 2 properties for sale in Cutler Oaks in the past year and they sold immediately!

M1408152_F01_22

An oak-filled enclave with just 24 residences, Cutler Oaks is private, serene, safe, and beautiful – all 4 criteria necessary for my Buyers who searched high and low for just the right home. They also wanted easy access to the main travel arteries, and Old Cutler Road is the hub for almost all corridors; and they needed to be reasonable distance to the private schools they had selected for their children. Just so happens Cutler Oaks is in an excellent public school district (Coral Reef Elementary School, Southwood Middle School, Miami Palmetto Senior High School), and is in close proximity to the finest private schools Miami offers.

Congratulations to both Buyers and Sellers!

 

To learn more about Palmetto Bay or any other community – including Coral Gables, Coconut Grove, Pinecrest and South Miami, contact Val Byrne with EWM Realty International on www.MiamiRealEstateWorks.com or email at val@valbyrnerealtor.com or by phone at 305-323-6231. Val Byrne – Working For You!