Snapper Creek Lakes Market Snapshot

The last 7 months have been booming with activity in Snapper Creek Lakes with an average of 1 closed sale a month. This is following a 10 month period of no sales which ended March of 2010. The subsequent months brought an increase in the amount of sales, sales price, and sold price per square foot in Snapper Creek Lakes as shown below. The highest sale in over a year was my sale which closed April 14, 2010 at 5295 Fairchild Way. This home was custom built in 2005 with 7,243 sqft with 5 bedrooms and a guest house all on over 58,000 square feet of land. This home sold at $3,443,500 or $475/sqft. It was only on the market for 13 days and received 3 offers in only the first week on the market.

Today, the market is still strong at Snapper Creek Lakes with Pending Sales and reduced prices incentivizing buyers to purchase property in one of Coral Gables’ top waterfront gated communities.  There are two pending sales and both are my listings on the canal at 10950 Snapper Creek Road and 11100 Snapper Creek Road.

I am proud to report that EWM is the leader in Snapper Creek Lakes listing and sales. Myself and other EWM agents were involved in the listing of 6 of the 7 closed sales and EWM agents were involved in both listing and sale side on 3 of the 7 closed sales.

Call me today to add your home to the growing list of sale success stories in Snapper Creek Lakes. I can be reached at 305.778.5555 or email joann@uniquehomesofmiami.com.

Pinecrest Snapshot

The following chart summarizes market activity in Pinecrest for the period of April to September 2010. The amount of homes sold from April to September 2010 remained about the same 12 homes sold in April and 13 sold in September. Pending Sales dropped 38% from 24 Pending Sales in April to 15 Pending Sales in September. Average Days on Market decreased by 24% from 212 Days in April to 162 Days in September. Months of Inventory decreased 12% from 17 Months in April to 15 Months in September.

The average price per square foot sold increased 3% from $227/SqFt in April to $234/SqFt in September. The average sold price increased 10% from $959,000 in April to  $1,052,000 in September.

Versus a year ago, the amount of Active Listed Inventory has decreased 17% from 231 homes on the market in September 2009 to 192 on the market in September 2010. The amount of homes sold in September 2010 decreased by 38% from 21 homes in September 2009 to 13 homes sold September 2010. Pending Sales decreased 21% from 19 in September 2009 to 15 in September 2010. Average Days on Market decreased by 12% from 184 Days in September 2009 to 162 Days in September 2010. Months of Inventory, however, increased by 36% from 11 Months in September 2009 to 15 Months in September 2010.

The average price per square foot sold dropped slightly from $237/SqFt in September 2009 to $234/SqFt in September 2010. The average sold price decreased from $1,067,000 in September 2009 to  $1,052,000 in September 2010. The average asking price has also decreased from $1,637,000 in September 2009 to $1,581,000 in September 2010.

Call me today to add your home to the growing list of sale success stories in Pinecrest. I can be reached at 305.778.5555 or email joann@uniquehomesofmiami.com.

Coconut Grove Market Snapshot

The following chart summarizes market activity in Coconut Grove for the period of April to September 2010. The amount of homes sold in April and September 2010 remained the same with 15 closed sales on each of those months. Pending Sales increased 9% from 23 Pending Sales in April to 25 Pending Sales in September. Average Days on Market decreased by 5% from 133 Days in April to 127 Days in September. Months of Inventory increased by a month from 17 Months in April to 18 Months in September.

The average price per square foot sold increased 24% from $213/SqFt in April to $264/SqFt in September. The average sold price increased 38% from $482,000 in April to  $664,000 in September.

Versus a year ago, the amount of Active Listed Inventory has increased 6% from 250 homes on the market in September 2009 to 264 on the market in September 2010. The amount of homes sold in September 2010 decreased by 35% from 23 homes sold in September 2009 to 15 homes sold September 2010. Pending Sales increased 14% from 22 in September 2009 to 25 in September 2010. Average Days on Market increased by 38% from 92 Days in September 2009 to 127 Days in September 2010. Months of Inventory also decreased by 64% from 11 Months in September 2009 to 18 Months in September 2010.

The average price per square foot sold increased 8% from $245/SqFt in September 2009 to $264/SqFt in September 2010. The average sold price increased by 18% from $565,000 in September 2009 to  $664,000 in September 2010.

Call me today to add your home to the growing list of sale success stories in Coral Gables. I can be reached at 305.778.5555 or email me joann@uniquehomesofmiami.com.

What’s Going On In The $1 Million Dollar Plus Market in Pinecrest?

This week the September market data was released. The Pinecrest $1 Million Dollar Plus market has experienced a decline in inventory – 23% down from September a year ago and down 5% from August. This means there are fewer of these homes available on the market. At the same time, the amount of pending sales has increased 14% from September a year ago and doubled from 4 pending sales in August to 8 pending sales in September.

The average sold price in September was $1,775,000, a decrease of 6.7% from $1,902,000 September a year ago. Sold price increased 30% from $1,366,000 in August to $1,775,000 in September.

Please contact me if you are interested in selling or buying in Pinecrest or if you have any questions on the real estate market.

Also, Be sure to take a look at some great homes I have listed for sale in Pinecrest.

August 2010 – Coconut Grove Market Trends

The following chart summarizes market activity in Coconut Grove for the period of March to August 2010. The amount of homes sold from March to August 2010 dropped 43% from 21 homes sold in March to 12 sold in August. Pending Sales in August were almost identical to the amount of Pending Sales in March. Average Days on Market increased by 88% from 104 Days in March to 196 Days in August. Months of Inventory increased decreased 83% from 12 Months in March to 22 Months in August.

Versus a year ago, the amount of Active Listed Inventory has increased 3% from 255 homes on the market in August 2009 to 263 on the market in August 2010. The amount of homes sold in August 2010 increased by 9% from 11 homes sold in August 2009 to 12 homes sold August 2010. Pending Sales increased 11% from 18 in August 2009 to 20 in August 2010. Average Days on Market increased by 102% from 97 Days in August 2009 to 196 Days in August 2010. Months of Inventory, however, decreased by 6% from 23 Months in August 2009 to 22 Months in August 2010.

Welcome to my New Blog

Welcome to my blog site! I look forward to providing relevant and timely information on our real estate market, the latest on hot listings, what is happening in our community, and why now is great time to buy Miami Real Estate.

I welcome your feedback and look forward to hearing from you.