Miamism Blog

You are here

El Portal Homes Real Estate Market Report - January 2014

Ines Hegedus-Garcia
ines@miamism.com

There are currently  15 El Portal homes for sale:

  • Highest priced listing: $550,000 for the mid-century modern house located at 125 NW 86 St ($233/sq.ft.)
  • Lowest priced listing: $189,999 for 500 NW 87 St (119/sq.ft)
  • Pending Sales: 10
  • Closed sales in January: 2

 

The 2 El Portal Homes sold in January were:

  • 420 NE 87 ST - listed for $349,000 and selling for $325,000 ($208/sq.ft.)
  • 420 NE 88 St - short sale listed for $239,000 and selling for $200,000 ($139/sq.ft.)

The average sold price per square foot of  El Portal homes in January came in at $174.  As reported in our El Portal Real Estate Market Report for 2013, the average sold price per square foot was $176 in 2013.  Although there's a huge disparity between the 2 sold properties, the price has to do with location within El Portal, as well as condition of the home and degree of remodeling and updates.  We can't stress enough the importance of having your home show in great condition when you are selling.

As you can tell from these numbers, the highest priced home listed above is grossly overpriced.  We'll keep an eye out to see if it breaks any records.

El portal remains to be a small community with improving infrastructure.  Buyers are willing to pay above appraisal value because the inventory is scarce and move-in-ready homes are hard to find.

To Sell your El Portal Home or if you want to buy, please email us at ElPortal@miamism.com and we will be happy to help.


ines 12th February, 2014

El Portal Homes Real Estate Market Report - January 2014 http://t.co/NJJnfbB1Az

Recent Posts

Keystone Point Real Estate Market Report There are currently 51 Keystone Point homes for sale: (compared to 55 in February) Highest priced listing: $6,300,000 (for the new construction with 240' of water frontage at 12395... more

No better time to continue our significant Miami architecture series than with a Miami Landmark designed by I.M. Pei to celebrate his 100th birthday!   The Miami Tower The Miami Tower, originally known as The Centrust Tower... more

Billionaire.com claims that Miami has evolved from a sunny vacation spot into a global destination for billionaires from all over the world and we certainly agree and have cited numbers of reasons for this phenomenon. The... more

The Miamism Sales Team wishes you and your family a very happy Easter!!  For Some Easter fun and celebrations around Miami, please check out: Jungle Island Mega Egga Hunt! April 14-16, 2017 from 10:30 AM - 4 PM Egg Safari... more

What is the Value of my Home?

Obtain a free personalized home pricing report.