The latest on Coconut Grove's Real Estate market and business, political and social information that could impact on it.
Monday, August 31, 2009
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
Thursday, August 20, 2009
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.
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.
Saturday, August 15, 2009
PLEASE CLICK ON THIS LINK TO CHECK OUT NATOMA
This is the way The Cherry Group presents each of its listings to get the property sold fast. http://photoplan.planomatic.com/viewer.php?propertyTourID=3894
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Friday, August 14, 2009
2989 NATOMA - GONE IN JUST 6 DAYS
WHAT'S THE SECRET? The Cherry Group priced the house right on the money at $881,400 and the owners understood our justification for the listing price. We sold almost every listing we used as comparables and knew the truth. Another Top Producer vied for the business and suggested a listing price over $100,000 more and the Realtor came to the presentation with no justification. We call that buying the listing, where a Realtor suggests an inflated asking price and the owner buys into that with inflated hopes. Make sure when you interview Realtors to list your home, they come fully prepared with pricing support. Natoma sold for all cash near asking price and will close in just three weeks. If the other Realtor had sold the home, it would not have sold for more (probably less) and the owners would have incurred between $60,000 to $100,000 in carrying costs, making their net on the sale substantially less.
Thursday, August 13, 2009
EXISTING HOME/CONDO SALES UP IN 2Q
Florida's second quarter home sales were 37.2 percent higher than the first quarter. Condo sales were up 45.3 percent.
Thursday, August 6, 2009
3941 CRAWFORD - BEST IN SHOW
About 3,000 sq. ft. on a 10,500 sq. ft. lot, this classic 4/3 contempory is tropical, New York chic. The double height livingroom has views to the over-sized pool, a rare 10 ft. deep. The home has a spectacular, open commercial-grade kitchen, hurricane shutters & generator. Totally private, gated and fenced, it's being offered at $1,300,000.
THINGS ARE LOOKING UP!
We are past the low point of the pricing cycle. Average home prices in June jumped 2.5 percent. And, according to the Florida Association of Realtors, existing home sales jumped by 28 percent. It's the time to sell and the time to buy.
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