C o ns i d e r i ng s e l l i ng , i nves t i ng b uy i ng o r re n t i ng i n t he C o r a l Ga b l e s , C o c o nu t G ro ve ,

P i nec res t , Pa l m e t t o Ba y , C u t l e r Ba y a nd Ho m e s t ea d a rea ? Le t m e t o w o r k f o r yo u a nd I w i l l g o t he ex t r a m i l e . Ta ke a l o o k a t t he Re a l E s t a t e M a r ke t Ac t i v i t y f o r O c t o b e r a nd p l ea s e f ee l f re e t o c o n t a c t m e f o r a ny q ues t i o ns , a nd

m o re d e t a i l s a t 3 0 5 - 9 0 5 - 3 3 7 0 .V i s i t m y b l o g Pa l m e t t o Ba yRe a l E s t a t eF l . c o m

a nd s t a y t uned o n t he l a t e s t Rea l E s t a t e N ew s .

Market Update October 2014

• In this report only single family homes were considered and the Information was taken from the MLS system

October Active Listings, Pending Sales Vs. Closed Sales

* Single Family Homes

COCONUT GROVE

CORAL GABLES

PINECREST CUTLER BAY PALMETTO BAY

HOMESTEAD

ACTIVE 86 269 146 153 97 442

CLOSED SALES

9 50 17 37 23 106

PENDING SALES

27 82 36 91 50 424

25

75

125

175

225

275

325

375

425N

um

ber

of

pro

pert

ies

Closed Sales per City September Vs. October

*Single Family Homes

Coconut Grove

September 7

October9

Coral Gables

September31

October 50

Pinecrest

September22

October17

Palmetto Bay

September37

October23

Closed Sales per City September Vs. October

*Single Family Homes

Cutler Bay

September36

October37

Homestead

September100

October106

Closed Sales per City September Vs. October

*Single Family Homes

Coconut GroveClosed Sales for the month of October

Closed Sales of October Coconut Grove

0-30 Days

31-60 Days

61-90 Days

91-120 Days

120 + Days

Number of List-ings

3 3 1 0 2

0.250.751.251.752.252.75

Days on Market Report

500-599K 700-799K 800-899K 1 Million +

Number of List-ings

1 2 2 4

0.251.252.253.254.25

Price Analysis Report

Num

ber

of

Lis

tings

In the Coconut Grove area, the majority of homes that are for sale are priced above the $700K making this city a desirable to live. It is definitely important to see how the market reacts with variable price. Note, that if the property is listed and it is in good condition, (according to the last closed sales dates) in the 90 day period , 7 out of 9 houses were sold.

* In this report was considered just Single Family Homes

Coral GablesClosed Sales for the month of October

0-30 Days

31-60 Days

61-90 Days

91-120 Days

120 + Days

Number of Listings

16 6 9 3 16

1

3

5

7

9

11

13

15

Num

ber o

f Lis

tings

300-3990K

400-499K

500-599K

600-699K

700-799K

800-899K

900-1MIL-

LION +

Number of List-ings

3 4 5 3 7 3 25

2.57.5

12.517.522.527.5

Price Analysis Report

Num

ber

of

Lis

tings

Days on Market Report

For Buyers looking in the Coral Gables area, notice that 28 of the properties sold in October were starting in the $800K price range with totals more than half of the closed sales during the first 90 days on the market.

PinecrestClosed Sales for the month of October

0-30 Days

31-60 Days

61-90 Days

91-120 Days

120 + Days

Number of Listings

5 1 2 2 7

0.52.54.56.5

Days on Market Report

300-3990K

400-499K

500-599K

600-699K

700-799K

800-899K

900-1MIL-

LION +

Number of List-ings

0 0 1 0 1 3 12

1

3

5

7

9

11

13

Price Analysis Report

Num

ber

of

Pro

pert

ies

Sold

The higher percentage of real estate houses for sale in Pinecrest during October is 700K and higher. The number of days on the market is distributed up to 120 days +.

Palmetto BayClosed Sales for the month of October

0-30 Days

31-60 Days

61-90 Days

91-120 Days

120 + Days

Number of List-ings

7 4 6 3 3

0.5

2.5

4.5

6.5

Days on the Market

300-3990K

400-499K

500-599K

600-699K

700-799K

800-899K

900-1MIL-LION

+

Number of List-ings

1 12 6 4 0 0 0

1

5

9

13

Price Analysis Report

Num

ber

of

House

s Sold

In Palmetto Bay the Homes for Sale price range was from 400K – 699K and more than 70% of the properties sold were during the first three months.

Cutler BayClosed Sales for the month of October

0-30 Days

31-60 Days

61-90 Days

91-120 Days

120 + Days

Number of List-ings

17 8 0 4 8

159

1317

Days on the Market149 or under

150-199K 200-249K 250-299 400K or more

Num-ber of List-ings

3 11 12 6 5

1

3

5

7

9

11

13Price Analysis Report

As we move south to Cutler Bay , the price range of the Houses Sold is between $200 - $400k with more than 62% of the homes sold in the first 90 days.

HomesteadClosed Sales for the month of October

0-30 Days

31-60 Days

61-90 Days

91-120 Days

120 + Days

Number of List-ings

58 12 14 7 15

5

25

45

Days on the Market

Num

ber

of

Pro

pert

ies

Sold

149 or under

150-199K 200-249K 250-299 300K or more

Num-ber of List-ings

45 33 16 6 6

2.5

12.5

22.5

32.5

42.5

Price Market Report

Num

ber

of

Pro

pert

ies

Sold

Homestead Real Estate was one of the most affected nationwide by the recession. Now , however, it is one of the cities with the highest number of Houses Sold, and currently has more than 400 properties on pending sale. Just in October, 106 single family homes were sold.Additionally, the price ranges are lower than many other cities . This is a Good Real Estate News!

If you are looking for a responsible Palmetto Bay Real Estate Consultant that is knowledgeable about other cities like Coconut Grove, Coral Gables, Pinecrest, Cutler Bay and Homestead, visit my Blog ( Click this link Maria Medina ) or you can reach me at 305-905-3370 .

I will be more than happy to assist you with a FREE Comparative Market Analysis, just click this link Real Estate News and Update Blog .

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