We were recently honored to be included in best-selling author Matthew Martinez's new book " How To Make Money In Real Estate In The New Economy" describing how investors, real estate agents and other insiders are adapting in today's real estate environment.
"Riley Smith of EWM is a residential real estate agent based in Miami, Florida. Riley is unlike 99% of most other Realtors because he is a creative thinker determined to change most of the paradigms established by his industry. A local investor recently described him as a person "who will put the competition and especially....the less tech-savvy brokers out of business in this new economy."
"By late 2007, he began to sense that he needed to adjust his business model. At that time he noticed that the real estate market was slowing down. He spent time with his team discussing the trends taking place in his industry and decided to act quickly to address the oncoming challenges."
"To get more listings, he embraced technology to help advance his business and differentiate it from the competition. He started writing a real estate blog [www.TheRealEstateCoconut.com] to garner attention from a larger audience...."
Some of the other agents mentioned were Peter Zalewsky of Condo Vultures and Paco Diaz of CB Richard Ellis.
Shawn Marion is a former Miami Heat basketball player and currently plays for the Dallas Mavericks. Last week his villa located in the gated community of The Cloisters came on the market priced at $2,000,000. The home features 6 bedrooms, 8 baths and is one of the newer completed units. It is listed by Antigen Realty.
In true celebrity fashion, he is offering a bonus to any buyer who brings a full price offer and closes by 5:00 pm on December 31, 2010. The golden parachute includes a trip to this year's Superbowl with roundtrip private jet service and 4 Club Level tickets. I suppose the idea is to somehow distinguish their unit from the other similarly priced villas in the community.
There are currently only 2 other units (both priced at $1,950,000) on the market in The Cloisters. I have a buyer who recently placed Unit 1239 (priced at $1,500,000) under contract, and we are set to close in early January.
To view photos of Shawn Marion's Villa in The Cloisters click here.
If you would like to buy or sell real estate and are looking for an experienced Realtor in Coconut Grove, please don't hesitate to contact me at 305.342.1623 or send me a note here.
The home located at 4150 La Playa Boulevard closed this week for a sales price of $2,025,000 or $386.00 per square foot. The home had great finishes and was located on a beautiful lot. This home is one example of why you can't always use the "average price per square foot" of an area to determine value. The property sold (rightly so) for over $100 more per foot than the average home in Coconut Grove. Due to the fact that it offered so many special features and that there was nothing like it on the market helped garner a higher "price per square foot". Listing agent was Jo-Ann Forster of EWM.
Of all the sales that have occurred this year in Coconut Grove, this is only the second non-waterfront home that closed over $2,000,000. The other was the property located at 3710 De Garmo Lane in the gated community of De Garmo Estates which sold for $2,737,500 or $352.00 per foot.
If you would like to buy or sell real estate and are looking for an experienced Realtor in Coconut Grove, please don't hesitate to contact me at 305.342.1623 or send me a note here.
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Here are some interesting stats and figures on the condo market in Coconut Grove:
Curious what is for sale in some of Coconut Grove's most popular condominiums? Click on the buildings below for a complete list of what is available:
I know the numbers, I analyze the market, my clients make better decisions. If you would like to buy or sell real estate and are looking for an experienced Realtor in Coconut Grove, please don't hesitate to contact me at 305.342.1623 or send me a note here.
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The area in Coral Gables that is located west of US1 is much larger than the area east of US1 so it is not surprising that there are more home sales in the west. So far this year there have been 212 homes to sell west of US1 and only 125 to sell east of US1.
The average list price of a home west of US1 is $958,000 while the average list price of a home east of US1 in Coral Gables is $3,503,000. The drastic difference in price can be attributed to all of the waterfront properties on the east side, as well as the gated communities (Snapper Creek, Cocoplum, Gables Estates, Journey's End etc.) that are located east of US1. Another interesting figure is the average selling price per square foot in the two areas. The average selling price per square foot for a home west of US1 is $212.00 compared to $342.00 east of US1.
I know the numbers, I analyze the market, my clients make better decisions. If you are interested in buying, selling, building or renting and are looking for a real estate agent who specializes in Coral Gables, please feel free to contact me at 305.342.1623 or send me a note here.
To view this post in its original format, click here. To visit my Coral Gables Real Estate Blog, click here.
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I am a Coconut Grove Real Estate Specialist. My clients choose me for my honesty, intimate knowledge of the market, and delivering outstanding service.
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