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Miami Category

South Florida Sees 70% Drop In Resale Inventory Since 2008

November 26th, 2012 Written By Carol Pawley

South Florida’s resale inventory has dropped 68% since Thanksgiving week in 2008. There were almost 108,000 resale properties on the market at that time, and there are just 34,250 condos, townhome and single-family homes on the resale market as of this week. Currently there are 23,000 residential properties under contract.

Throughout the years I have helped many friends and clients purchase or sell property in Miami & throughout Florida.  If you are interested in purchasing or selling a home, please contact me as I can give some first-hand sound advice with no pressure.  Please send me an email at carolapawley@gmail.com or call me at 305-992-6188. 
 
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Miami & Florida Home Prices Up

November 21st, 2012 Written By Carol Pawley

Data from Miami Associaton of Realtors showed the median sales price for Miami single family homes increased 5.8% to $185,000 in October 2012, compared to the same month in 2011. Sales activity also saw a rise with a 41.9% increase for single family homes. Prices statewide also have jumped. According to a report by Florida Realtors, closed sales for single family homes in Florida rose 25.3% in October 2012. There were a total of 17,779 closed sales of existing single-family homes in October compared to the same month in 2011. Pending sales of existing single-family homes rose 56.7% in the same period. The statewide median sales price for single-family homes reached $145,000, an increase of 9%. Dr. John Tuccillo, chief economist for Florida Realtors said, “Once again, everything that should be going up in the market is going up, and everything that should be going down is going down.”

Looking to buy a home in Miami, click here to see all homes for sale in Miami.

Throughout the years I have helped many friends and clients purchase or sell property in Miami & throughout Florida.  If you are interested in purchasing or selling a home, please contact me as I can give some first-hand sound advice with no pressure.  Please send me an email at carolapawley@gmail.com or call me at 305-992-6188. 
 
Click Here to Get Miami Real Estate and Beyond by Carol Pawley delivered by email

Miami Foreclosure Rate Falls

November 21st, 2012 Written By Carol Pawley


The foreclosure rate among outstanding mortgage loans in the Miami-Miami Beach-Kendall metro area fell by 2.42% points to 15.86% in September compared to the same month in 2011, according to data from CoreLogic. Miami-Miami Beach-Kendall metro area foreclosure activity is significantly higher than the national rate of 3.25%. A decrease in Mortgage delinquency was also reported, 22.44% of mortgage loans in the area 90 days or more delinquent, compared to 25.31% for the same period last year, a 2.87% point reduction.

 

I keep up to date on the market.  I make sure my clients are well informed so they make the best decisions when buying or selling their home. Please send me an email at carolapawley@gmail.com or call me at 305-992-6188 if you are interested in buying or selling a home in Coconut Grove.
 
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Miami Condos & Florida Condo/Townhomes Prices Up!

November 20th, 2012 Written By Carol Pawley

Data from Miami Association of Realtors showed the median sales price for condominiums in Miami-Dade County increased 24.2% to $146,000 in October 2012, compared to the same month in 2011. Sales activity also increased rising 24.2%. Martha Pomares, 2012 chairman of the board of the Miami Association of Realtors says “Intense demand for Miami properties continues to fuel robust price appreciation. Demand from investors, foreign and vacation buyers as well as U.S. and local residents remains very strong.”

According to a report by Florida Realtors, closed sales for condos/townhomes in Florida jumped 16.4% last month. 8,252 units sold in the month of October 2012. The median price statewide was 20% over last years.

Interested in buying a condo, click here to see all condos for sale.

 
Throughout the years I have helped many friends and clients purchase or sell property in Miami & throughout Florida.  If you are interested in purchasing or selling a home, please contact me as I can give some first-hand sound advice with no pressure.  Please send me an email at carolapawley@gmail.com or call me at 305-992-6188. 
 
Click Here to Get Miami Real Estate and Beyond by Carol Pawley delivered by email

Thanksgiving Day Turkey Trot

November 19th, 2012 Written By Carol Pawley

Holidays are all about family, tradition and fun memories. The Baptist Health South Florida’s Turkey Trot presented by Publix combines all three. Grab the family and come out to South Florida’s largest Thanksgiving Day race where you have the option of running, walking or trotting a 10K or 5K & separate kids race.

Thursday, November 22, 2012
5K & 10K Start: 7:30 AM
Kids’ Trot Start: 9:00 AM
Location: Tropical Park (7900 SW 40 St.)

For more information & to register click here

If you would like more information on events happening in Coral Gables, please contact me at (305) 992 6188 or email me at carolapawley@gmail.com
 
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Art Basel

November 14th, 2012 Written By Carol Pawley

Miami Beach will host the 11th edition of Art Basel, the most prestigious art show in the Americas December 6 – 9, 2012. Over 260 leading galleries from North America, Europe, Latin America, Asia and Africa will take part, showcasing works by more than 2,000 artists of the 20th and 21st centuries.

The show will be a vital source for art lovers, allowing them to both discover new developments in contemporary art and experience rare museum-caliber artworks. The exhibiting galleries are among the world’s most respected art dealers, offering exceptional pieces by both renowned artists and cutting-edge newcomers. Special exhibition sections feature young galleries, performance art, public art projects and video art.

Top-quality exhibitions in the museums of South Florida and special programs for art collectors and curators also help make the event a special time for encountering art. And every year, a greater number of art collectors, artists, dealers, curators, critics and art enthusiasts from around the world participate in Art Basel – the favorite winter meeting place for the international art world.

Christie’s International Real Estate will be the Official Luxury Real Estate Partner.

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South Miami Art Festival Nov 3rd & 4th, 2012

November 2nd, 2012 Written By Carol Pawley

The 41st annual Chamber South Art Festival will be held this weekend November 3 & 4, 2012 from 10am-6pm. Located on the quaint streets of downtown South Miami, this fine art show features nationally recognized artists and is a favorite annual event for residents and visitors alike.  There will be over 135 artists at this year’s show! There will also be yummy food and activities for children. I look forward to this art festival every year. I hope to see you there.

If you would like more information on events happening in South Miami, please contact me at (305) 992 6188 or email me at carolapawley@gmail.com
 
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