GENDER INFLUENCES BUYING DECISIONS

Women make up their minds faster than men. In a recent Coldwell Banker study, 70% of the women knew on the first visit when a home was right for them. More women than men wanted to be closer to family and had more security concerns. Of all respondents, 70% said financial decisions were mutual.

NEW LISTING - BEST IN SHOW

Spectacular walled Key West compound at 2990 Emathla Street is best in show. Situated on 20,000 square feet, the main house is a 4/3/1 with double height ceilings in the living room. The Master Suite is an entire wing with two walk-in closets and three auxiliary closets. A professional Kitchen has gas range, stainless Steel and butcher block countertops with a prep-room pantry. Separate housekeeper's quarters (private entry) off the kitchen. There's a temperature controlled wine room as well. A living room sized foyer has a fireplace with an entrance to an office. There's a 1/1 guest house and pool cabana with wet bar and shower facilities. The asking price is $1,950,000.

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.

LOOKING FOR A SPECIAL HOME

We have all cash buyers looking for an estate-quality home in the NORTH GROVE only. It must have an 18,000 sq. ft. or greater lot. If you're thinking about selling, please call Sylvia or me so we can give you a pricing analysis and show your home to these buyers who are ready to buy now. 305.607.8360

INTERESTING AVERAGES FOR LAST 25 LISTINGS SOLD IN THE GROVE

THE AVERAGE:
LIST PRICE........$681,376.00
SOLD PRICE.......$617,760.00
PERCENT DIFFERENCE.............. -9.3 PERCENT
DAYS ON MARKET........................ 128

To sell a home in just 128 days seems miraculous in this market, especially when so many sellers have had their homes listed for a year or more. The numbers speak for themselves. The last 25 homes sold in the Grove were listed pretty near real market value and sold for just under 10 percent of the asking price. Accurate pricing is key to faster sales.