miami beach real estate

Miamism Photoblog
305.758.2323
Jul
13

Miami wins for Worst City Ever, Again

By: Ines Hegedus-Garcia on July 13, 2016

How am I not surprised! You have to love lists and have to love bogus surveys that place the world’s best at the bottom of the pile.  Can it be envy, resentfulness or simple spite?

Art Deco Houses Ocean Drive Miami Florida USA

Miami is Rudest City in America

Travel and leisure named Miami the rudest city in America.

“They’re multilingual, beautiful, and wealthy,” said the Florida-based travel blogger Christine Austin. “For regular folks, visiting here can feel like stumbling into a nightclub full of supermodels while you’re wearing yoga pants.”

It’s hard to imagine how anyone could be in a bad mood here, what with the city’s perennial tropical weather and pristine beachfront real estate. After all, it ranked as one of the best cities in the country for a Beach Getaway. But maybe it’s Miami’s display of luxury, from gleaming new condos to couture boutiques, that turned off travelers. In addition to rudeness, the city had a pretty high snob score.

I personally don’t think snobby is a bad thing at all, but then again, I am a true local.  Who doesn’t like good things?  I guess good taste makes us rude. Don’t hate us because we’re beautiful!  The second rudest was Phoenix (guess that perfect year-round weather makes people really mean); and number 3 was New York City ….enough said.

Miami is The Worst City to Live In

To top that list off, 24/7 WALL Street named Miami, the worst city to live in.

That one really cracked me up, maybe we are a third world country where there is no middle class and the disparity between rich and poor is astronomical.  But then again, maybe that’s why I feel right at home and would not change Miami for any other city.

No city in the United States is worse to live in than Miami. The city’s median home value of $245,000 is well above the national median of $181,200. However, with a median household income of only $31,917 a year, well below the national median of $53,657, most of these homes are either out of reach or a financial burden on most Miami residents

The second worst was Detroit, Michigan – let’s blame Motown for that.  And third was Paterson, New Jersey…I feel a trip coming on.

But my favorite Worst List has to be from The New Tropic which makes sense of all the nonsense.

10 Ways Miami is The Worst City Ever

Rebekah Monson comes up with a clever parody of 10 ways Miami is the worst city ever:

  1. Worst city for winter fashion
  2. Worst city for hippie hygiene
  3. Worst city for Americano fruit
  4. Worst city for Ethiopian food
  5. Worst city for punctuality
  6. Worst city to be a Jets fan
  7. Worst city for non-Spanish speakers
  8. Worst city for people that can’t dance
  9. Worst city for turn signals (see also 10 Basic Tips to Drive in Miami)
  10. Worst city to call worst city

We’ve been hearing how terrible Miami is since the ’80s. It’s fine. Keep it up if it makes you feel better. It’s just so, so played.

Haters will hate. But if you need to hear the counterpart, which includes Financial Hub, Tech Hub, lower taxes, art, culture, gastronomy, wealth, infrastructure, starchitects, and beaches…then I suggest you read: WHY MIAMI IS THE BEST (drop mic)

Jul
11

Surfside Real Estate Market Report – June 2016

By: Ines Hegedus-Garcia on July 11, 2016

Surfside Real Estate Market Report

Surfside Real Estate Market Reports by Miamism.com

There are currently  33 Surfside homes for sale: (compared to 36 in May)

  • Highest priced listing: $5,000,000 (for the partially renovated, Biscaya Island home with 100′ of water frontage, located at 1332 Biscaya Dr)
  • Lowest priced listing: $669,000 (8934 Harding Ave)
  • Pending Sales: 9 (compared to 7 in May)
  • Closed sales in June: 5 (compared to 3 in May)
  • Median Sales Price in June: $696,000

The 5 Surfside homes sold in June were the following:

  • 420 88th Street – 3 bedrooms / 2 bathrooms, 1,552 SF on 5,600 SF lot – listed for $659,000 in February, with several price reductions and closing at $500,000 ($322/SF)
  • 8801 Emerson Ave – 3 bedrooms / 1 bathroom, 1,555 SF on 6,860 SF lot – listed for $630,000 in March and selling for $600,000 ($386/SF)
  • 8827 Carlyle Ave – 4 bedrooms / 2 bathrooms, 2,000 SF on 5,600 SF lot – listed for $845,000 in February, with several price reductions and selling for $667,000 ($334/SF)
  • 9565 Byron Av – 4 bedrooms / 2.5 bathrooms, 1,737 SF on 5,600 SF lot – listed for $799,000 in July of 2015, with 2 price reductions and selling for $660,000 ($380/SF)
  • 1437 Biscaya Dr – 5 bedrooms / 5.5 bathrooms, 4,215 SF home on the bay with 16,000 SF lot with 100′ of water frontage – listed in Agust 2015 for $3,899,000, reduced several times and selling for $2,950,000 ($700/SF)

The average selling price per square foot for Surfside homes not in the water in May was $356 compared to:

  • May average $373
  • April average $396
  • March average $372
  • February average $338
  • January average $390
  • 2015’s average of $350.

Although average price per square foot continues to drop on a month-per-month basis, it doesn’t mean prices are going down in Surfside.  The price drop has to do with the nature of homes that have sold.  If you look at 2015’s average of $350, May’s number continues to be higher.  What’s important to note is that inventory continues to decrease.  There are plenty of buyers waiting for the right home to appear in Surfside and when that happens, they fly off the market.  Pay attention to finishes and what makes a home “marketable” when you are doing upgrades.  Not all upgrades will give you a good return, it’s good to contact a local REALTOR that knows what buyers are looking for.

We are here to give you a no-obligation listing consultation where we discuss not only price, but condition of your home and give recommendations for how to best show.

The only waterfront home sold in Surfside in June sold for $700/SF which is higher than 2015’s average of $634/SF.

Surfside Home of The Month

Miamism Sales Team features the Surfside waterfront property located at 924 88th Street. Mid-century home in need of renovations, built in 1954 with what seem to be great bones.

3 bedrooms / 3 bathrooms, 3,071 SF of living space on 15,075 SF lot with 75′ of water frontage. . The marketing description reads:

Asking price is $2,489,000 ($729/SF)

924 88 St- Surfside via miamism.com

Please contact us for more information and we will also be happy to arrange a showing appointment.

 


To get a FREE, no obligation CMA (comparable market analysis) go to MiamismValue.com and fill in your information.

Call us Today for a listing appointment!

If you are interested in getting a list of all properties currently for sale in Surfside, we will be happy to send you a digital copy at your request.  We can also send you monthly market reports directly to your inbox. Feel free to email us at Surfside@miamism.com

Jul
08

Miamism Fridays – Good Bye Dwyane Wade

By: Ines Hegedus-Garcia on July 8, 2016

Dwyane Wade via miamism.com

It’s with a heavy heart that we say good bye to Dwyane Wade, who is leaving the Miami Heat.  I think we can all agree that Dwyane has always been the face of #HEATNATION, has been the heart and soul of our beloved Heat and we will miss him dearly.  I can’t even believe I would get teary eyed over basketball but Miami will certainly miss him, a gentleman and the epitome of basketball sportsmanship.

Please read Dwyane Wade’s letter to Heat Fans,

I started my NBA career with the Miami Heat in 2003 and it has been an honor to have played with them and help build a winning franchise with three NBA championships. I look back with pride and amazement at all we have accomplished together.

The honor has been ours Dwyane, you taught our fans and our kids what basketball is all about and what The Miami Heat represents.  Best of Luck in Chicago and never forget your fans love you, no matter where you go.

(and for a shameless plug, because it IS our blog afterall … if you need a REALTOR to sell your house, don’t hesitate to contact us)

photo credit nbafanthoughts

Jul
05

How is The Miami Shores Real Estate Market? June 2016

By: Ines Hegedus-Garcia on July 5, 2016

How is the Miami Shores Real Estate Market Doing?

Miami Shores Real Estate Market ReportThe first week of every month, you can expect to see a real estate market report for Miami Shores with stats from the previous months, including closed sales, pending contracts, price per square foot and a featured Miami Shores property.  If you want to receive a copy of this report directly to your inbox and a list of all properties currently for sale, email us at MiamiShores@miamism.com

There are currently 103 Miami Shores homes for sale: (compared to 100 in May)

  • Highest priced listing is $3,999,000 $3,795,000 for the bay front home at 1300 NE 94 St (has been listed since December 2013)
  • Lowest priced listing is $238,900 for the home at 190 NW 103 St. (small 2/1 with 837 SF)
  • Pending Sales (Properties under contract): 33 (compared to 33 in May)
  • Median Sales Price in May: $489 (compared to $529,000 in May)
  • Closed sales in June: 22 (compared to 11 in May)

The 22 Miami Shores homes sold in June ranged from $1,215,000 for the large home located at 444 NE 96th Street with 4 bedrooms, 4.5 bathrooms, 4,053 SF of living space and 14,300 SF lot – to $277,000 for the fixer upper, on a busy street, at 157 NW 103 Street.  Price per square foot ranged from $164 for a house in complete need of renovation to $393 for completely remodeled home on East side of The Boulevard.

The 5 highest, per square foot, Miami Shores homes sold in June, were the following:

  • 80 NW 92 St – 4 bedrooms / 2 bathrooms, 2,102 SF of living space on 12,600 SF lot.  Completely remodeled, pool home – listed in June of 2015 for $700,000 and selling for $630,000 after a few price reductions ($300/SF)
  • 444 NE 96 St – 4 bedrooms / 4.5 bathrooms, 4,053 SF of living space on 14,300 SF lot.  Completely remodeled, pool home – listed for $1,285,000 in March of 2016 and selling for $1,215,000 ($300/SF)
  • 136 NW 96 St – 3 bedrooms / 2 bathrooms, 1,689 SF of living space on 9,225 SF lot.  Beautifully remodeled, pool home – listed for $600,000 in February of 2016 and selling for $560,000 ($332/SF)
  • 395 NE 92 St – 4 bedrooms / 3 bathrooms, 2,055 SF of living space on 13,379 SF lot. 30’s historically significant home with architectural features and open beamed ceilings – listed for $749,000 in April of 2016 and selling for $710,000 ($345/SF)
  • 1151 NE 99th St – 3 bedrooms / 3 bathrooms, 2,000 SF of living space on 8,925 SF lot – completely remodeled mid-century modern – listed for $869,000 in February of 2016 and selling for $785,000 ($393/SF)

The average sold price per square foot in Miami Shores in June was $255 compared to:

  • May average $275
  • April average $281
  • March average $308
  • February average $319
  • January average $249
  • 2015’s average $264

A correcting real estate market can seem scary because homes take a lot longer to sell.  Real estate is always about location so expect to be flexible in your price if you are on a busy street.  Also expect to be flexible if your house is not updated.  Homes that are selling for top price are completely remodeled or have some sort of architectural or historic significance.

If you are curious about where your house is priced, you can always log into MiamismValue.com and request an automate value, just keep in mind that price will ALWAYS need to be verified and tweaked, because a machine will never be able to estimate the true value of a home.

Miami Shores House of The Month

The Miami Shores House of The Month is a new listing with 4 bedrooms plus den and 2 bathrooms.  It’s a 1948 beauty, located within hidden enclave, east of Biscayne Boulevard.  It has spacious rooms, split bedroom plan, pool and beautiful new bathrooms and kitchen.

Call us for a showing appointment – 9312 NE 9 Place

Priced at $698,000

9312 NE 9 Pl - Miami Shores Home By Miamism Sales Team

 

Please contact us for more information and to coordinate a showing appointment.

ATTENTION:  The previously featured home at 9959 Biscayne Blvd. was lowered to $810,000!! That’s $346/SF for a completely remodeled, turn-key home. Please visit 9959Biscayne.com for additional information or take a look at The Property Video.

Jul
01

4th of July events – Miami 2016

By: Ines Hegedus-Garcia on July 1, 2016

Fourth of july 2016 via miamism.com

As always, The Miamism Sales Team wishes you and your family, a happy and safe Fourth of July Weekend.  Let’s celebrate this nation’s independence … the reason why so many of us have chosen it as our true home.

Here’s a list of different things happening around Miami: