Thursday, August 12, 2010

CLICK ON ME TO GET THE BAD NEWS!


When you click above, you'll see the market trends for last month. The discouraging news is more homes are coming on the market than projected which means the supply side is still overtaking the demand side and the economics of home buying are evermore siding with the buyer. More homes are expected to enter the market as banks get their "shadow" foreclosures to market, while short sales continue to erode home values. To get your home sold now, you just have to price right "on the money".

Tuesday, August 10, 2010

MOST EXPENSIVE REAL ESTATE IN MIAMI

Snapped One of the Grove's information booths this morning and was surprised to see a real person inside. No one was present when the streets were filled on Saturday night. I've seen a person in there only three times since they were erected. Happy to see it, because at a cost of more than $65,000 each, the cost per square foot is about $3,250.00. I don't know of any other real estate here coming close to its cost per square foot. That means a modest 2,000 square foot home would be worth $6,500,000 if comped against our information booths.

Friday, August 6, 2010

CHERRY GROUP STILL ON TOP OF ALL OTHER REALTORS IN COCONUT GROVE AND ITS ZIP CODE

The Cherry Group at Coldwell Banker are still the #1 Realtors in Coconut Grove and throughout its Zip Code 33133 for 12 months running, for homes priced between $1 million and $4,999,000 dollars reported Trendgraphix, an independent research company using Multiple Listing Service data. "For almost 20 years, our commitment to service and excellence hasn't wavered", Sylvia Cherry said. " Gary and I go to work each day with the excitement of rookies, tempered with the experience and knowledge that come with being veterans. "Above all", she said, "Appreciation and our heartfelt thanks go out to our valued and devoted clients over the years". About 90 percent of the Cherry Group's business comes from referrals.

Friday, July 30, 2010

DON'T PLAY MONOPOLY WITH YOUR HOME

In these difficult times, I'm being asked by home owners, " What should we do?" Does it make sense to go into foreclosure, or maybe a short sale? Should I intentionally not pay my mortgage (known as a strategic default) to get the attention of my bank who is slow to respond to my application to modify my mortgage? My response is always that I'm not an attorney or tax advisor and I'll be happy to refer them to professionals who really know what they're talking about. A good Realtor should never advise clients on these matters. Don't play Monopoly with your home.

Monday, July 26, 2010

GROVE COMING BACK

Sylvia and I decided to catch a 4:00 movie at the new Paragon Theaters in the Grove on Saturday. Afterwards, we took a stroll and were so happy to see more action at retail and fuller sidewalks. We had light dinner and spent $35.00 we wouldn't have spent in town if we hadn't gone to the movie. The theaters are a very good thing for all of us. As our village comes to life again, expect to see more real estate activity. A successful Grove goes hand-in-hand with home values and increased sales.

Tuesday, July 13, 2010

MARKET IS LOOKING UP!

In June prices were up and homes were on the market for fewer days. There's a lot of action on the street and it's time to list with us, reflected by our Emathla Street listing where we found a buyer in just 11 hours for all cash, near the asking price of $1,595,000. Click on this link to look at June stats http://coldwellbanker.net/marketTrend/fla/dade.html.