Palmetto Bay Update March 2010
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PALMETTO BAY UPDATE MARCH 2010 What's Happening in your area? Jason Pappas Realtor Associate Phone: (305) 494- 4542 JasonPappas@Keyes .com
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Palmetto Bay Update March 2010. What's Happening in your area?. Jason Pappas Realtor Associate Phone: (305) 494-4542 [email protected]. March 2010 Update Double Down!. - PowerPoint PPT Presentation
Transcript of Palmetto Bay Update March 2010
PALMETTO BAY UPDATEMARCH 2010
What's Happening in your area?
Jason PappasRealtor AssociatePhone: (305) [email protected]
March 2010 UpdateDouble Down!
What a month it has been for Palmetto Bay. We started off the year great with 21 closed properties in the first two months opposed to 11 in 2009 but if that wasn’t enough we saw almost double that amount just in March alone with 19 closings. Just think of what the warm weather will bring during the summer! Jason Pappas
Realtor AssociatePhone: (305) [email protected]
2006-2009 Palmetto Bay
Year
Average Selling Price
Selling Price Per
SQFT
Average Number
of days on Market
# of Properties
Closed
2006 $651,297 $230 75 257
2007 $609,095 $215 99 214
2008 $471,342 $168 114 187
2009 $413,292 $146 127 212
2010 $423,497 $144 98 40
Jason PappasRealtor AssociatePhone: (305) [email protected]
Closed Properties in Palmetto Bay
2006 2007 2008 2009 2010 (Projected)175185195205215225235245255265
Jason PappasRealtor AssociatePhone: (305) [email protected]
2006 2007 2008 2009 2010 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000
Average Selling Price In Palmetto Bay
Jason PappasRealtor AssociatePhone: (305) [email protected]
Jason PappasRealtor AssociatePhone: (305) [email protected]
By the Numbers:Properties Closed From
December 2009 – February 2010Closed Price All NW NE SW SE
Number Closed 57 6 7 29 15
Average Listed $459,234 $441,150 $737,700 $350,275 $547,172
Average Selling $435,779 $421,462 $670,857 $337,319 $522,160
High Price $1,450,000 $512,000 $1,450,000 $620,000 $900,000
Low Price $115,000 $313,500 $352,000 $115,000 $205,000
Total Volume $24,839,412 $2,528,772 $4,696,000 $9,782,241 $7,832,399
Average Price per sqft $151 $171 $198 $133 $157
Jason PappasRealtor AssociatePhone: (305) [email protected]
Price Listed vs. Price Sold
Listed Sold0100,000200,000300,000400,000500,000600,000700,000800,000
$441,150 $421,462
$737,700 $670,857
$350,275 $337,319
$547,172 $522,160
NW NE SW SE Jason PappasRealtor AssociatePhone: (305) [email protected]
Closed Properties in NW Palmetto Bay
ADDRESS SSL REO LA SF SP$ Closing Date #GAR #BEDS #FB #HB POOL SP$/SqFt
8101 SW 140 TE N N 2315 15375 469,000 3/19/2010 2 3 2 0 Y 202.592
14550 SW 81 AV N N 2693 18731 445,000 1/12/2010 2 4 2 0 Y $165.243
8341 SW 142 ST N N 1976 17017 313,500 1/8/2010 0 4 3 0 Y $158.654
8400 SW 148 DR N N 2586 15097 429,272 12/30/2009 2 3 2 0 Y $165.999
7971 SW 140 TE N N 2652 19127 512,000 12/23/2009 2 4 2 0 Y $193.062
Jason PappasRealtor AssociatePhone: (305) [email protected]
Closed Properties in NE Palmetto Bay
ADDRESS SSL REO LA SF SP$ Closing Date #GAR #BEDS #FB #HB POOL Water SP$/SqFt
14730 SW 75 AV Y N 2988 15656 550,000 1/7/2010 2 4 3 0Y Y $184.07
6785 SW 146 ST Y N 2680 18450 435,000 12/30/2009 2 4 2 0Y N $162.31314025 OLD CUTLER N N 3133 78407 635,000 12/22/2009 2 3 2 0Y N $202.681
13601 SW 77 AV N N 2095 15000 352,000 12/15/2009 0 3 2 0Y N $168.019
5840 PARADISE PT N N 4040 6635 1,450,000 12/10/2009 2 4 3 1N Y $358.911
13635 SW 74 AV N N 2991 17040 449,000 12/3/2009 2 4 2 1Y N $150.117
14901 SW 74 AV N N 5222 43124 825,000 12/2/2009 2 6 3 1Y N $157.985
Jason PappasRealtor AssociatePhone: (305) [email protected]
Closed Properties in SW Palmetto Bay
ADDRESS SSL REO LA SF SP$Closing
Date #GAR #BEDS #FB #HB POOL SP$/SqFt8764 SW 177 TE N Y 4,371 15,000 $392,000 3/31/2010 2 4 2 0 Y $90
16404 SW 86 CT N N 3,726 15,266 $590,000 3/30/2010 2 4 4 0 Y $158
8320 SW 164 TE N N 3,646 15,104 $433,000 3/29/2010 2 4 3 0 N $119
8245 SW 178 TE Y N 2,884 15,128 $375,000 3/26/2010 2 4 3 Y $130
8600 SW 178 ST N N 2,248 15,625 $321,500 3/26/2010 2 3 2 0 N $143
9241 SW 165 ST N Y 1,580 12,376 $190,000 3/19/2010 0 3 2 0 Y $120
9555 SW 181 TE Y N 1,508 13,407 $185,000 3/9/2010 0 3 2 0 Y $123
15301 SW 89 CT N Y 3,067 18,730 $350,000 3/5/2010 1 4 2 0 Y $114
8345 SW 168 TE N Y 3,205 15,464 $303,500 3/2/2010 2 4 2 1 Y $95
9242 SW 182 ST N Y 1,871 10,230 $115,000 3/1/2010 0 2 2 0 Y $61
Jason PappasRealtor AssociatePhone: (305) [email protected]
Closed Properties in SE Palmetto Bay
ADDRESS SSL REO LA SF SP$ Closing Date #GAR #BEDS #FB #HB POOL SP$/SqFt
7221 SW 166 ST N N 2,504 7,500 $400,000 3/31/2010 2 4 2 1 N $160
7760 SW 169 ST N N 2,771 15,960 $399,400 3/31/2010 2 3 2 0 Y $144
7330 SW 170 TE N N 5,645 19,720 $850,000 3/26/2010 2 6 5 0 Y $151
17452 SW 79 PL N N 4,461 16,892 $900,000 3/25/2010 2 5 4 1 Y $202
8120 SW 162 ST Y N 3,034 15,004 $400,000 3/24/2010 2 4 3 0 Y $132
15801 SW 77 CT N N 2,800 16,521 $452,000 3/5/2010 2 4 2 0 Y $161
16620 SW 74 AV N N 3,341 15,600 $540,000 3/3/2010 2 4 2 1 Y $162
17715 SW 80 CT N N 3,988 17,400 $630,000 3/1/2010 2 5 3 1 Y $158
Jason PappasRealtor AssociatePhone: (305) [email protected]
Why are Prices so low?
2005 2006 2007 2008 2009 -
10,000 20,000 30,000 40,000 50,000 60,000 70,000
7,829 9,814
26,391
56,656 64,001
Number of Foreclosure fillings in Miami-Dade County
*Information from Miamidade.gov
Jason PappasRealtor AssociatePhone: (305) [email protected]
Foreclosures and Short Sales Closed December 2009 –
March 2010
14
1041
Palmetto Bay
ForeclosuresShort SalesNormal
Jason PappasRealtor AssociatePhone: (305) [email protected]
Active Foreclosures and Short Sales
40
6
128
Palmetto Bay
Short SalesForeclosuresNormal
Jason PappasRealtor AssociatePhone: (305) [email protected]
Jason PappasRealtor AssociatePhone: (305) [email protected]
Miamidade.gov http://sef.mlxchange.com
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