The David Siddons Group got many new listings in Coral Gables in the last month. The open houses are highly frequented, many agents share these properties with their clients and we have seen a high number of interested buyers. Our general feeling is that the market is performing very well; not overheated, but a slow yet steady progress. We looked at the sales numbers* in the last 6 months to see whether the data confirmed our bullish impressions. *Data are taken over January to July 2017 and January to July 2018 3600 Toledo Street, Coral Gables Increasing Prices per SF…

Many of our readers ask us: "How is the market doing?" followed by "We read in article XYZ that the Miami market is not that healthy anymore". This is not a good question to ask and even worse advice to give. The Miami market cannot be seen as a whole! If you follow our blogs you will be getting tired of reading this, but you will be surprised how many people are not aware of this. The Miami real estate market offers different products (homes, condos, townhomes etc) in different areas, which all behave in a different manner. You cannot look…

With so many new listings, highly trafficked open houses and relocating families looking for Miami homes, we are experiencing a really good 2018. We sold for $40M so far of which $15M closed in June. In our opinion the market has really taken up and Coconut Grove is seeing really low levels of inventory. To see whether this is not just a feeling, we looked at the data in order to see if the numbers support our market impressions of Coconut Grove. Increasing Prices per SF in Coconut Grove Coconut Grove recorded price increases across most of its price ranges.…

In the last few months we have gotten a lot of new listings, many of which were sold within weeks. We also observed that colleagues in the single-family home market are doing a great amount of business. As we speak with agents and buyers on a daily basis we specifically noticed the high demand for (updated) properties in the $1M - $2M range. In short, we feel and hear that the market is really taking up. We therefore decided to check the different neighborhoods to see whether the numbers match our general impression and our recent successes. Increasing Prices per…

Selling your Miami House | The Importance of a Good Miami Listing Agent "What a difference it makes to deal with a proper real-estate professional! In a literally 2 month time frame we were able to execute 2 transactions with David - buying a new property (that he spontaneously suggested to us based on his research) and selling the one we were living in. Following David's advice was instrumental and we really felt we were working with David as a team. Very impressed also in David's local market knowledge to build fair expectations both on the buy and the sell…

Park Grove, Miami's best luxury condo As a top producing Miami realtor with nearly $100M in yearly sales I am used to seeing a large amount of luxury projects. I visit many projects for my own analysis as well as with clients who are looking for luxury condos. Although you get used to luxury products, I have to say that many of Miami's newest luxury condos are underwhelming. Don't get me wrong, these luxury condos are nicely done and look beautiful, but I am referring to the price/quality relationship. When I pay $2,500 per SF, I expect more than just…

Miami Penthouses for Sale are very desired. Many buyers want the large, top floor residences that often offer unique features and finishes. Below we selected some of Miami's best penthouses for sale. We have a dedicated page for buyers to look for Miami Penthouses for Sale! Here you can search directly for your Miami PH yourself! Carbonell PH 3703 Brickell Key 3 Bedrooms | 3,5 Bathrooms | 2,951 SF under air Listed for $3,095,000 Magnificent Penthouse with 1,750 SF of terrace; arguably the largest terrace in Brickell! The owner spent over $400,000 on renovations. The unit has a new and…

The 5 Basic Rules for Buying Real Estate by a Top Producing Miami Realtor I wrote this blog initially as a short email to a client who is a first time buyer in the Miami market. I wanted to make it short and simple, basically an initial blue print for first time buyers to make the right decision. Although the purchase of this specific client will be as a primary residence, in the future it needs to function as a profitable investment. These are the indicators to pay close attention to for your purchase:  Supply | Stability | Desirability |Functionality Simple supply and Demand economics - How…

Os piores prédios de Miami! Agora que temos sua atenção!!! Este artigo tem como objetivo alertar sobre os tipos de condomínios mais propensos a fracassar. Para discutir e saber mais sobre isso entre em contato +1 (305) 775-1198. Por razões legais não iremos mencionar nomes no blog. 1 - Porcentagem de Inquilino vs Proprietário Um prédio em Miami com mais inquilinos que proprietários tem um sinal de alerta. Condomínios nos quais a maioria dos donos são investidores tendem a ter mais problemas dados que os investidores colocam à venda assim que percebem uma correção de preço no mercado. Vimos isso…

Os 5 melhores Condos em Miami O que faz com que um prédio seja considerado de boa qualidade e mantenha seu valor com o passar dos anos? Acabamentos de primeira linha, características únicas como pé direito alto, grandes varandas, vista direta para o mar, bom gerenciamento e baixa porcentagem de unidades alugadas. Estes não são prédios comuns, são exemplos de condomínios que continuam vendendo por valores estáveis mesmo quando os outros estão em queda. Estes prédios tem força no mercado desde que foram entregues e não sofrem a influência de novos competidores. Carbonell, Brickell Key Este prédio muito bem gerenciado…

The Best Condo in Coral Gables | Coral Gables finally has a Luxury Condo I am delighted to be able to finally say we have a luxury condo in Coral Gables.... and its name is Giralda Place. As a Gables centric-agent I spend an awful lot of time in the Gables, going for dinner at Masa Mer, which is arguably one of the best seafood restaurants in Miami, or Zucca which is owned by the old chef of Casa Tua who set up his own place. Aside from that there is the part of Giralda Ave, which is now pedestrianized and a Friday night…

Moving to Miami with a Family? Which are the best Miami Luxury Condos for a Family with Children? Those who follow our blogs know that we spent a considerable amount of content on families moving to Miami. As most of us within the group are parents, we know the importance of finding the right home, close to the right schools while not jeopardizing your lifestyle. This blog focuses on those who are looking for a perfect place to call home with kids, but unlike most other blogs we focus on the best luxury condos Luxury Condo Living with Children Condo living is…

A South of Fifth penthouse just sold for $3,820 per SF. The penthouse residence located in the new 321 Ocean has broken a record in the South of Fifth neighborhood after being on the market for more than two years. The property which offers two full floors, one of which a rooftop terrace, was originally listed for $34,999,999 ($5,140 per SF) and sold for $26M or $3,820 per SF. The property was bought in 2015 for $20M. The last sales record in South of Fifth was at $3,591 per SF at Ocean house. The Penthouse at 321 Ocean The 13,220 SF, two-story…

Deering Bay |  High-End Living for Very Attractive Prices   Many families dream of living in a Coral Gables gated community right on the water. This upscale living however, comes with a price tag. If you think most of Coral Gables' communities are out of your budget, we urge you to take a look at Deering Bay. This South Gables gated community has amazing real estate, water views, a golf course, its own marina, a tennis club and a gym which is about to be renovated. Despite all of these characteristics, it is still very very affordable. The community is actually…

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