CHERRY GROUP BRINGS BUYER TO CALUSA LISTING

3230 Calusa listed by the Cherry Group went under contract today with our own buyers. About 8,300 square feet of living space on a 27,000 square foot lot was listed at $2,750,000.

RECOVERY IN FULL SWING

In Miami-Dade County this year, sales units on residential properties are up 62% for the first 8 months of the year as compared with the same time last year. The number of active listings on the market has declined by 34.1% as compared with the same time last year. The months of active inventory based on closed sales has declined from 30.4 months in January to 18.6 months at the end of August. The average sales price has stabilized this year with the average sales price in January being recorded at $264,000 and the ASP at the end of August coming in at $265,000. All signs are indicating a stabilizing market with respect to pricing and a market with significant growth with respect to sales units. FOR SELLERS, PRICE RIGHT AND SELL NOW. FOR BUYERS, IT'S TIME TO MAKE THE MOVE.

CHERRY GROUP SELLS ICONIC HOME NOT ON MARKET

WOODSONG, Architect Alfred Browning Parker's signature creation located on Seminole Street in the North Grove, will close early next week. Purchased by a couple from London for $1,550,000, or $707.00 per square foot, the home was not on the market. Situated on a 18,000 square foot lot, three separate pavilions, connected by a pool, comprise the living spaces. Sylvia worked via emails with the couple over a six month period. After showing the couple some thirty properties on their first visit, she just knew Woodsong would be their ideal home. Sylvia contacted the buyer and negotiated the deal.