Calculating Your Asking Price

 

The best answer is get help from a real estate professional. But, if you only have a few minutes for a video, here are five points to consider.

1. Start With Measurement Learn the average per-square-foot price for recent sales in your neighborhood. That will not set your final price, but it is a baseline buyers will use.

2. Get Comparisons Ask for Comparative Market Analysis – comps – from several agents. Go through each comp with each agent to understand both competitive homes on the market AND each agents potential approach to yours.

3. Market Research. Do your own! – not just online, but in person. That will help you understand your market conditions and the buyers perspective realistically. Markets get hot and cold, up and down, and yours defines the sales envelope for your home.

4. Consider All Terms Price isnt all there is to a sale. Can you close faster? Finance or lease-option the sale yourself? Cover some closing costs? Your flexibility can make sales leverage.

5. It is Not Personal. The hardest tip of all. Most people are emotional about their home. Pricing, in the long run, is going to logical. Theyre buying your house,not your home & memories. Find a real estate professional you like and trustand let them help you through the process.

When Should I Sell?

As you will see in this video, real estate marketplaces are generally most active in summer because families with children want to move in before school starts. So more homes are typically available in summer as well. But buyers and sellers tend to balance out in other seasons, too especially in todays tight market. There may be fewer buyers in late December but usually fewer homes, too. So, prices tend to rise or fall on general demand in that market rather than time of year. It is best to sell when you & your house are ready to sell. Start working with a real estate professional as early as possible to make the most of your sale in any season.

Silver Bluff: One of Miami’s best-kept secrets

Most of the time, when I recommend looking at places in Silver Bluff to my customers, I’m met with a blank stare. A little known area right outside Coral Gables off Coral Way (zip code 33133 & 33145), Silver Bluff is one of the best and most affordable residential neighborhoods in the city. Often grouped in with the Gables, Brickell Hammocks or The Roads, there are few “secrets” in the Miami real estate market, and this is most certainly one of them.

As I mentioned in my last post, I would never sell a house I wouldn’t live in, and just as importantly, I would never sell a house in a neighborhood I wouldn’t live in either. So that would be why Silver Bluff comes so highly recommended by me—I live there! Therefore you have a relator’s stamp of approval of the area, and let me tell you a few reasons why…

  1. Proximity: Silver Bluff is close to everything in Miami. Only 5-7 minutes to Coconut Grove, 10-15 minutes to Brickell and Coral Gables and 15-20 minutes to South Beach.
  2. Safety: The area has a low crime rating.
  3. Neighborhood: Silver Bluff is known as being a calm, residential area with lots of trees, ample parking and families. Relationships with neighbors are important here, and there is a real sense of community.
  4. Investment: Buying a house here is a good investment with growing property values, and a much lower selling price than other areas in Miami. This is a great place for a first investment or first home because you get a lot of bang for your buck. Being so close to so many desirable areas in the city, there is only room to grow.
  5. Schools: There are three schools in the area, and the Silver Bluff Elementary School is graded “A”—perfect for all the families in the area.
    Source: http://www.city-data.com/
    Source: http://www.city-data.com/

    If the above still hasn’t convinced you and you would like to check out the neighborhood yourself, I’ll let you in on a few local Silver Bluff “secrets”:

    For wine lovers, Xixón Cafe , hip & modern Spanish eatery with multiple levels including dining room, wine cellar & bakery/deli, located on 21st and Coral Way, El Carajo is a must. Hidden away inside the BP gas station on 17th Ave and US1, they serve Spanish tapas and have an amazing bakery. At the Mighty Gastropub on Coral Way and 22nd Ave, they serve craft beer, sausages with an ambiance you can’t beat. Daily Bread Marketplace, boasts some of Miami’s best Mediterranean Food, and is located on 24 Ave and 27th St. And if you’re looking a twist on a Latin classic, Casabe 305 offers an incredible fare of Caribbean-Venezuelan Fusion and is located on Coral Way and 17th Ave.

    All Restaurants

    So whether as a place to grab a great bite, an investment, a first home to raise your family or just as someone seeking refuge from the city and its high rent, Silver Bluff is a fantastic option. In fact, if you are interested in taking a look, I would be more than happy to meet you at any of our local spots and discuss your options and the places currently available.

    My goal is to help you, even if we aren’t in direct contact, and I’d love to hear from you with any questions.

    Interested in Selling, Buying, Renting, Investing in Brickell, Downtown, Coconut Grove, Coral Gables, Silver Bluff, Doral and surrounding areas? Call me 786.554.8063 or email me George@GeorgeAssal.com, I can help, because working with someone who knows the numbers and area is crucial.George Assal PA

The Roads one of Miami’s most prestigious neighborhoods.

The Roads is a neighborhood of Miami in Miami-Dade County, it is a triangular area located south of SW 11th Street, between SW 12th Avenue and SW 15th Road, just west of Brickell.

The Roads is known for its old homes, historic public schools, and its tree-covered streets. The Roads is very close to Downtown and Brickell, but is a historically residential neighborhood. It is also off the normal Miami street grid, and thus all the streets in The Roads are named roads, instead of streets and avenues, as is the case in the rest of Miami. Since 1986, the Miami Roads Neighborhood Civic Association has worked on a variety of projects to support the neighborhood.

The Roads neighborhood is served by the Miami Metrorail at the Vizcaya station to the south and by the Brickell station to the north.

The Roads
The Roads – triangular area located south of SW 11th Street, between SW 12th Avenue and SW 15th Road, just west of Brickell

 

The Roads, originally called “Brickell Hammock” was designed, platted and developed by Mary Brickell in January 1922 days before her death. Mary Brickell had designed the Roads as a pedestrian-friendly neighborhood, with wide streets with median parkways and roundabouts with native Miami plants. Mary Brickell gave the streets, parkways, sidewalks, and electric lighting to the City of Miami in 1922. All the properties were sold in a single day on February 1, 1923.

feb-jul - for sale- sold- pend - The Roads
For Sale – Sold – Pending Sale

The Roads is also an entire off-grid plan section of the city of Miami. The streets and avenues in Miami-Dade County are aligned to a grid, where streets run east-west and avenues run north-south. The roads that run from Broadway to SW 32nd Road are roughly 45 degrees out of alignment with the grid-plan. The avenues running perpendicular to these roads are also 45 degrees out of alignment with their respective avenues coming from the north. The avenues in this section run northeast-southwest rather than the standard north-south that the ones in the rest of the county follow. This causes an abrupt change in numerical designation as they cross SW 12th Avenue (SW 5th Avenue turns west and becomes SW 18th Street, SW 4th Avenue turns west and becomes SW 20th Street, SW 2nd Avenue turns west and becomes SW 22nd Street, etc.) The most well known example of this confusion is when historic Coral Way being SW 3rd Avenue, makes a 45 degree turn onto SW 22nd Street as it crosses over SW 12th Avenue.

price per sqft
Average Sold Price

 

The Roads is served by Metrobus and Trolley throughout the area, and by the Miami Metrorail at:

  • Brickell (SW 11th Street and SW 1st Avenue)
  • Vizcaya (SW 32nd Road and US1)

Metrorail has stops throughout Miami with service to Greater Miami and Miami International Airport, all Miami-Dade County bus lines, Tri-Rail and Amtrak. The main bus station in Downtown is located next to the Arsht Center at the Adrienne Arsht Center Station.

ADOM & SP-LP The roads
Average days on Market

 

 

For more information about The Roads please contact me directly

Contact me for more info
Contact me for more info

 

Coral Gables a City Where Homes for Sales Keep Increasing

As the Real Estate market continues to build up in South Florida, Coral Gables luxury homes and condominiums properties are getting listed for sale at more than $1M, the highest number of 2014 sales was in June, representing a 21.4% increase over May and an incredible 278% increase when compared to January. When it comes to luxury real estate sales in South Florida, summer is anything but slow season, maybe not especially when prices increased alongside the number of properties sold.

The average price per square foot for a property sold in June was $476, up $13 from May and a full $85 per square foot from January. In fact, 55 properties were sold or under contract for sale in June, representing over 25% of the entire available inventory.

 

CG trend 07-2014
34 properties sold in June 33 of these were single-family homes.

 

Two projects are currently in pre-sale in Coral Gables:

-Merrick Manor, a 10-story, 180-unit development located adjacent to the famous Village of Merrick Park.

-Antilla Coral Gables, a 5-story, 45-unit project located in the northeastern corner of Coral Gables.

(If you need more info regarding either of this projects please contact me directly as I have direct communication with the developers)

For those that don’t know, Coral Gables is one of the nation’s earliest planned communities with a centralized business district, and is home to the iconic Biltmore hotel, one of only three national landmarks in Miami-Dade County. Coral Gables also has world-class shopping along Miracle Mile and the Village of Merrick Park, a diverse spectrum of art galleries, theaters and lots of fine dining establishments.

As a result, Coral Gables will continue to have in-demand properties that sell for a premium and should remain a sound investment.

Coral Gables City Hall at night
Coral Gables City Hall at night

 

Contact me for more info

Contact me for more info
Contact me for more info

 

Park Grove in Coconut Grove.

Park Grove in Coconut Grove.

Most ambitious architecture/project to date


The New Park Grove Condo Project is selling quickly; this luxury condo project is located in Coconut Grove more specific in the middle of a newly developed waterfront park. The condo project has 3 towers with great investment values.

PARK GROVE FLOOR PLAN

Designed by OMA and rem KOOLHAAS, the striking towers of PARK GROVE set a new architectural standard in the quiet seaside enclave of Coconut Grove.

stunning-towers

Park Grove Residences will blow everyone expectations with their high-end waterfront project. With amenities that will take you to the next level and to better your experience, The Park grove Condo offers pools, fitness, yoga, a private chef, yes a private chef and much more.

daytime

As the first Luxury Condo in Coconut Grove to be built after Grove at Grand Bay, makes this project most ambitious architecture/project to date

airy-open-kitchens

sun-filled-living-rooms


Contact me For more info about Park Grove and any other projects / new constructions in Miami or South Florida Business card

Real Estate Market Report | January – June 2014

Investing in South Florida Real Estate? Here is all the information you need as Comparative Review of the Real Estate Market in South Florida. If you are undecided but interested in Investing South Florida real Estate and might already know that is time to buy, contact me immediately I will guide you to the right direction

Click here to view the Real Estate Market Report | January – June 2014

 

 

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