Our last posting on www.southfloridacondosblog.com covered sales for the first six months of the year with regards to single family homes. Now The Golan Team presents you an analysis on condo and townhome sales since the beginning of the year.
The numbers are outstanding. In the areas that we cover and specialize in: Miami Beach, Surfside, Bal Harbour, Bay Harbor Islands, Sunny Isles Beach, North Miami and North Miami Beach, Eastern Shores, Aventura, Golden Beach, Hallandale and Hollywood East, there have been a total of 2837 units sold just this past six months.
Here is the breakdown according to area: (ranked highest to lowest no. of properties sold)
1) Miami Beach – 927 units sold so far this year ranging in price from $16,000-$15,000,000
2) Aventura – 458 units sold so far this year ranging in price from $42,500-$2,350,000
3) Hallandale Beach – 452 units sold so far this year ranging in price from $26,555-$865,000
4) Sunny Isles Beach – 346 units sold so far this year ranging in price from $42,000-$4,700,000
5) Hollywood East – 308 units sold so far this year ranging in price from $30,625-$1,225,000
6) North Miami Beach – 114 units sold so far this year ranging in price from $16,500 - $399,000
7) North Miami – 104 units sold so far this year ranging in price $17,400 - $385,000
8) Bal Harbour – 48 properties sold so far this year ranging in price from $97,500-$8,700,000
9) Bay Harbor Islands – 40 properties sold so far this year ranging in price from $65,000 to $465,000
The market is definitely picking up. If you are interested in knowing today’s value of your condo or home, contact The Golan Team at info@golanteam.com or call us at 786-333-6200.
Showing posts with label Bay Harbor Islands. Show all posts
Showing posts with label Bay Harbor Islands. Show all posts
Wednesday, June 23, 2010
Tuesday, June 22, 2010
2010 Semi Annual Home Sales Statistics - Strong Numbers for Homes from Miami Beach - Hollywood
If you have been reading the press, you know this year has been a very busy one with regards to Real Estate and a lot of properties have exchanged hands. The Golan Team primarily specializes in Real Estate in Miami Beach, Surfside, Bal Harbour, Bay Harbor Islands, Sunny Isles Beach, North Miami and North Miami Beach, Eastern Shores, Aventura, Golden Beach, Hallandale and Hollywood East. Looking at these areas only, there have been 362 closed Single Family Homes just this year.
Breakdown:
Miami Beach: Tops the list with 98 closings ranging from $102,500 to $16,000,000
North Miami Beach – Second with 86 closings ranging from $25,589 to $1,240,000
North Miami – Third with 59 closings ranging from $28,599 to $1,060,000
Hallandale – Fourth with 45 closings ranging from $36,000 to $1,425,000
Surfside – Fifth with 22 closings ranging from $271,000 to $550,000.
Aventura – Sixth with 18 closings ranging from $160,000 to $2,300,000
Hollywood East – Seventh with 14 closings ranging from $44,600 to $1,840,000
Sunny Isles Beach – Eighth with 9 closings ranging from $325,000 to $2,400,000
Bay Harbor Islands – Ninth with 3 closings ranging from $421,000 to $620,000
Bal Harbour – Tenth with 2 closings ranging from $2,800,000 to $3,000,000
Our next blog will features summaries of condo sales this year in the same areas.
The Golan Team specializes in waterfront property or homes and condos close to the Ocean from Miami Beach to Hollywood. If you are interested in purchasing a home please contact us with your wishlist at info@golanteam,com or call us at 786-271-1235.
Breakdown:
Miami Beach: Tops the list with 98 closings ranging from $102,500 to $16,000,000
North Miami Beach – Second with 86 closings ranging from $25,589 to $1,240,000
North Miami – Third with 59 closings ranging from $28,599 to $1,060,000
Hallandale – Fourth with 45 closings ranging from $36,000 to $1,425,000
Surfside – Fifth with 22 closings ranging from $271,000 to $550,000.
Aventura – Sixth with 18 closings ranging from $160,000 to $2,300,000
Hollywood East – Seventh with 14 closings ranging from $44,600 to $1,840,000
Sunny Isles Beach – Eighth with 9 closings ranging from $325,000 to $2,400,000
Bay Harbor Islands – Ninth with 3 closings ranging from $421,000 to $620,000
Bal Harbour – Tenth with 2 closings ranging from $2,800,000 to $3,000,000
Our next blog will features summaries of condo sales this year in the same areas.
The Golan Team specializes in waterfront property or homes and condos close to the Ocean from Miami Beach to Hollywood. If you are interested in purchasing a home please contact us with your wishlist at info@golanteam,com or call us at 786-271-1235.
Monday, February 15, 2010
First Time Homebuyer Credit - The Golan Team (786-271-1235) shows you how to take advantage of it
This week The Golan Team (786-271-1235) worked with two First Time Homebuyers. They had a lot of questions regarding the first time homebuyer credit that is due to expire on April 30, 2010.
We thought if Buyers we are working with have these questions so to must a lot of Buyers out there.
Here is a terrific website that we hope will answer all your questions.
http://www.federalhousingtaxcredit.com/
Industry insiders are suggesting that the Home Buyer Tax Incentives will not be extended again when they expire at the end of April.
Remember that this credit not only applies to First Time Buyers but also for current owners if you meet certain guidelines.
If we can help you on your property search in Aventura, Sunny Isles Beach, Bal Harbour, Bay Harbor Islands. Surfside, Miami Beach, Hallandale or Hollywood area please do not hesitate to contact us at 786-271-1235, visit us on the web at http://www.golanteam.com/ or shoot us an email to info@golanteam.com
Friday, September 18, 2009
Happy New Year from The Golan Team
From our home to yours, and to those who celebrate, The Golan Team wishes you a Happy and Healthy New Year.
We thank you for all the business and support you have given us in the past and we look forward to continuing to work with you and your friends and family in the coming years as your Real Estate Agents.
Shana Tova (Happy New Year)
Eyal & Debra Golan
THE GOLAN TEAM
Keller Williams Realty
786-271-1235
786-333-6200
http://www.golanteam.com/
Monday, July 20, 2009
The Golan Team launches new South Florida Luxury Foreclosure Website
The Golan Team at Keller Williams Realty are proud to announce the launch of a new luxury focused foreclosure website.
If you are specifically interested in luxury foreclosures in Dade, Broward or Palm Beach counties (that from just above the Keys to Port St Lucie) click on www.southfloridaluxuryforeclosures.com and sign up for your own personalized free foreclosure mailing list that you can customize to whatever type of property you are interested in. You will receive a weekly list of all foreclosure condos or homes (you specify choose one or the other or choose both!!!) in Southeast Florida.
Foreclosures or REO (Real Estate Owned) are properties that have gone through the entire foreclosure process and are now wholly owned by the bank. We are able to negotiate these properties directly with the bank through their representatives.
As we all know banks are definitely not in the Real Estate business but the money business. Therefore some of these properties can give you the absolute best opportunity to buy at rock bottom dollar.
We urge you to visit www.southfloridaluxuryforeclosures.com and get started on purchasing that great home, vacation condo or investment property today.
Please note this service is being offered to you as a valued subscriber of southfloridacondosblog.com absolutely FREE. At the Golan Team we believe in Helping a Client realize their vision is paramount to our Success.
If you are specifically interested in luxury foreclosures in Dade, Broward or Palm Beach counties (that from just above the Keys to Port St Lucie) click on www.southfloridaluxuryforeclosures.com and sign up for your own personalized free foreclosure mailing list that you can customize to whatever type of property you are interested in. You will receive a weekly list of all foreclosure condos or homes (you specify choose one or the other or choose both!!!) in Southeast Florida.
Foreclosures or REO (Real Estate Owned) are properties that have gone through the entire foreclosure process and are now wholly owned by the bank. We are able to negotiate these properties directly with the bank through their representatives.
As we all know banks are definitely not in the Real Estate business but the money business. Therefore some of these properties can give you the absolute best opportunity to buy at rock bottom dollar.
We urge you to visit www.southfloridaluxuryforeclosures.com and get started on purchasing that great home, vacation condo or investment property today.
Please note this service is being offered to you as a valued subscriber of southfloridacondosblog.com absolutely FREE. At the Golan Team we believe in Helping a Client realize their vision is paramount to our Success.
Tuesday, June 30, 2009
South Florida Real Estate Market Stats.
Info above is based on 33160,33180,33154 zip codes (Sunny Isles Beach, Aventura, Bal Harbour & Bay Harbour) May 2009 info.
South Florida Market Stats:
Are we at the bottom of the market? Who defines the bottom of the market?
Is it defined as when the sales prices are move up?
Is it defined as when there are more closed property sales month on month and year on year?
Is it defined as when the inventory has shrunk?
There are probably a dozen definitions for the “bottom of the market.” The bottom line is that there are great opportunities out there. A few days The Florida Association of Realtors compiled their monthly analysis on home and condo sales and the results were very positive. For the ninth month in a row, condo and single family home sales were up!!! Is this is a sign of recovery? Perhaps.
The full article goes on to explain how month on month we are up 16% on sales. Click to read more about South Florida Home Sales and Market Stats
Are we at the bottom of the market? Who defines the bottom of the market?
Is it defined as when the sales prices are move up?
Is it defined as when there are more closed property sales month on month and year on year?
Is it defined as when the inventory has shrunk?
There are probably a dozen definitions for the “bottom of the market.” The bottom line is that there are great opportunities out there. A few days The Florida Association of Realtors compiled their monthly analysis on home and condo sales and the results were very positive. For the ninth month in a row, condo and single family home sales were up!!! Is this is a sign of recovery? Perhaps.
The full article goes on to explain how month on month we are up 16% on sales. Click to read more about South Florida Home Sales and Market Stats
Locally our numbers are holding though May seemed a better closed sale month than June (except in Bal Harbour/Bay Harbor Islands which increased), the number of pending sales in June 2009 are still holding strong.:
Aventura, Florida
No of Condo Properties Sold in June 2009: 68
No of Condo Properties Sold in May 2009: 98Aventura, Florida
No of Condo Properties Sold in June 2009: 68
No of Condo Properties Pending Sale June 2009: 94
No of Condo Properties Pending Sale May 2009: 60
Sunny Isles Beach, Florida:
No of Condo Properties Sold in June 2009: 32
Sunny Isles Beach, Florida:
No of Condo Properties Sold in June 2009: 32
No of Condo Properties Sold in May 2009: 41
No of Condo Properties Pending Sale June 2009: 55
No of Condo Properties Pending Sale May 2009: 55
Bal Harbour/Bay Harbour, Florida
No of Condo Properties Sold in June 2009: 12
No of Condo Properties Pending Sale June 2009: 55
No of Condo Properties Pending Sale May 2009: 55
Bal Harbour/Bay Harbour, Florida
No of Condo Properties Sold in June 2009: 12
No of Condo Properties Sold in May 2009: 10
No of Condo Properties Pending Sale June 2009: 8
No of Condo Properties Pending Sale June 2009: 8
No of Condo Properties Pending Sale May 2009: 10
Interesting to note, in Miami Dade County total inventory of property available is down 26%.
Interesting to note, in Miami Dade County total inventory of property available is down 26%.
If you are interested in a particular condo building stats or other area stats sent us an email to info@golanteam.com and we will send you the requested information.
Wednesday, March 4, 2009
Keller Williams Family Reunion - Lessons for All
Last week was a real wake up call. The whole Golan Team attended the Keller Williams Family Reunion in Orlando, Florida. For most when you think of a “Family Reunion” you think of fun in the sun, maybe a cruise, but most likely a big party and a lot of good memories.
For Keller Williams Agents, Family Reunion definitely does include the spirit of fun but it is more about work, goals, ethics and taking your business to a new level of achievement. For the Golan Team, that was exactly what we went to Family Reunion to achieve.
Almost 7000 Keller Williams Agents thought the same thing. Gary Keller, who founded the company in 1983 talked about all the opportunities we have as Agents in this “Shifted” market. There were approximately 100 seminars to attend over the three day period and there many lessons to learn whether you were a Realtor, a Buyer, a Seller or an Investor. Below I thought I would share a few thoughts that I think we can all learn lessons from:
These were my top 5 lessons that have changed my outlook not only on the Real Estate market but also in my personal life…
1) FOCUS ON WHAT YOU GET FROM AN EXPENSE: This is universal.. if you are subscribing to a service are you getting the most for it? Cut your expenses to a minimum…ask yourself do you really need this? Is it producing more than it is costing you? Are you bringing in more than you are spending? This principle can be applied not only to Real Estate but to every expense in our everyday lives.
2) If you want to sell your house then, “BE IN THE MARKET NOT ON THE MARKET”. Listing a property today is not the hard part – selling it is. The truth is that if a property is priced right (defined as being in the bottom 10%-20% of the lowest property price point for your property) it will sell…These are the properties that are attracting Buyers and know THERE ARE BUYERS OUT THERE. So remember in order to achieve your goal of selling a property = PRICE IT RIGHT.
3) Know that the price given to you at a Listing Presentation has an expiration date just like the milk in your refrigerator!!! Again thinking about the principle above, you must always be aggressive in your pricing and watch what is selling around you and why it is selling and yours is not. Be diligent in reducing your price of your property to attract the most Buyers. This is called, “the worry price” the price at which Buyers will worry that if they don’t jump on it, they will miss the opportunity.
4) Be consistent, Be Persistent and think like a Warrior. We all need to understand that we are fighting for our survival (just look at the economy) so think like a Warrior and keep that mentality to achieve your goals in this marketplace.
5) “Qualify your expectations” Be realistic about your goals. If you are listing a property then be realistic about the selling price. This market is based on the principle of timing and opportunity. Opportunity is a result of attracting the Buyer who will pay the best price in this market for your property and it is up to you to capitalize on this.
If you would like to discuss any of this further, please feel free to comment or contact me via email : debra@golanteam.com or phone 786-333-6200. If you also want to know how to sell your property and attract multiple offers, again please contact us to discuss strategies.
For Keller Williams Agents, Family Reunion definitely does include the spirit of fun but it is more about work, goals, ethics and taking your business to a new level of achievement. For the Golan Team, that was exactly what we went to Family Reunion to achieve.
Almost 7000 Keller Williams Agents thought the same thing. Gary Keller, who founded the company in 1983 talked about all the opportunities we have as Agents in this “Shifted” market. There were approximately 100 seminars to attend over the three day period and there many lessons to learn whether you were a Realtor, a Buyer, a Seller or an Investor. Below I thought I would share a few thoughts that I think we can all learn lessons from:
These were my top 5 lessons that have changed my outlook not only on the Real Estate market but also in my personal life…
1) FOCUS ON WHAT YOU GET FROM AN EXPENSE: This is universal.. if you are subscribing to a service are you getting the most for it? Cut your expenses to a minimum…ask yourself do you really need this? Is it producing more than it is costing you? Are you bringing in more than you are spending? This principle can be applied not only to Real Estate but to every expense in our everyday lives.
2) If you want to sell your house then, “BE IN THE MARKET NOT ON THE MARKET”. Listing a property today is not the hard part – selling it is. The truth is that if a property is priced right (defined as being in the bottom 10%-20% of the lowest property price point for your property) it will sell…These are the properties that are attracting Buyers and know THERE ARE BUYERS OUT THERE. So remember in order to achieve your goal of selling a property = PRICE IT RIGHT.
3) Know that the price given to you at a Listing Presentation has an expiration date just like the milk in your refrigerator!!! Again thinking about the principle above, you must always be aggressive in your pricing and watch what is selling around you and why it is selling and yours is not. Be diligent in reducing your price of your property to attract the most Buyers. This is called, “the worry price” the price at which Buyers will worry that if they don’t jump on it, they will miss the opportunity.
4) Be consistent, Be Persistent and think like a Warrior. We all need to understand that we are fighting for our survival (just look at the economy) so think like a Warrior and keep that mentality to achieve your goals in this marketplace.
5) “Qualify your expectations” Be realistic about your goals. If you are listing a property then be realistic about the selling price. This market is based on the principle of timing and opportunity. Opportunity is a result of attracting the Buyer who will pay the best price in this market for your property and it is up to you to capitalize on this.
If you would like to discuss any of this further, please feel free to comment or contact me via email : debra@golanteam.com or phone 786-333-6200. If you also want to know how to sell your property and attract multiple offers, again please contact us to discuss strategies.
Friday, January 30, 2009
Southeast Florida Luxury Real Estate - 10 New & Hot Trends in Home Design
The International Builders Show in Las Vegas is always a great place to visit as a tradesman, designer, builder, homeowner or contractor. There are many ideas and trends that are shown that basically set the pace for the coming year's NEW and HOT IDEAS.
According to industry leaders if you want to sell that property this year follow these tips:
1) Go contemporary - Today's minimalist design you may mix straighter furniture elements and use two different colors repeated throughout (i.e. green and white). But remember to add those fun and bold accessories (could be a crazy mod orange chair or a traditional gilded mirror).
2) Don't think of lighting as utility - think of it as art - look at creative and funky shapes and designs. Remember they can be decorative as well as functional.
3) Green is in - efficient appliances, LED lighting etc., conservation is the way.
4) His and Her "everything" is in - from closets to vanity think in pairs!!!
5) Windows are huge - Buyers are looking for that floor to ceiling window that let's lots of natural light in.
6) Wood details are back in style - use them in light and dark tones on ceilings, moldings, floor inserts and more.
7) Mirrors are hot!!! They can be a focal point, make a room look larger and add glamour.
8) Electronics everywhere - think IPOD docking station in the kitchen, plasma in the bathroom etc.
9) Bring Nature in - use trees and tree design as decorative art. Try to seemlessly flow the outside in and the inside out.
10) Outdoor living serves as an extension of your house - remember pay attention to the outdoor entertaining areas think - pool plants, fire pits, great seating areas, hammocks etc.
Hope these tips help you whether you are just decorating or intending to sell. If you want more contact us here.
According to industry leaders if you want to sell that property this year follow these tips:
1) Go contemporary - Today's minimalist design you may mix straighter furniture elements and use two different colors repeated throughout (i.e. green and white). But remember to add those fun and bold accessories (could be a crazy mod orange chair or a traditional gilded mirror).
2) Don't think of lighting as utility - think of it as art - look at creative and funky shapes and designs. Remember they can be decorative as well as functional.
3) Green is in - efficient appliances, LED lighting etc., conservation is the way.
4) His and Her "everything" is in - from closets to vanity think in pairs!!!
5) Windows are huge - Buyers are looking for that floor to ceiling window that let's lots of natural light in.
6) Wood details are back in style - use them in light and dark tones on ceilings, moldings, floor inserts and more.
7) Mirrors are hot!!! They can be a focal point, make a room look larger and add glamour.
8) Electronics everywhere - think IPOD docking station in the kitchen, plasma in the bathroom etc.
9) Bring Nature in - use trees and tree design as decorative art. Try to seemlessly flow the outside in and the inside out.
10) Outdoor living serves as an extension of your house - remember pay attention to the outdoor entertaining areas think - pool plants, fire pits, great seating areas, hammocks etc.
Hope these tips help you whether you are just decorating or intending to sell. If you want more contact us here.
Wednesday, January 21, 2009
Should you buy Residential Real Estate with a Commercial State of Mind?
Bay Harbor Islands, FL – Luxury Real Estate
Should you buy Residential Real Estate with a Commercial state of mind?
When you go and buy the home you live in, it is a fact that you buy it with your heart and mind. Your heart takes in the decor, the paint on the walls, the amount of sunlight that streams in through the windows, how the bedrooms are laid out, the color of the kitchen granite etc. etc. etc. None of these factors really ever play in the decision making of a commercial property.
When purchasing a commercial property it is all about the numbers. The paint of the wall or the type of flooring is of less concern then does it work on a price/ft basis, or the income it will generate or the return on investment it will produce.
Of course some of the commercial conditions for purchase do not apply for a property you are going to live in, but certain trends remain common between commercial and residential real estate primarily - that is - location, location, location. Just like prime commercial real estate in an excellent location will fetch a higher price so to does this analogy work with residential real estate. So the question begs to ask – in this day and age where financing is tight and everyone is approaching real estate with caution should we approach Residential real estate (the house you will call home) with a commercial approach of buying it solely from a financial analysis?
Case in point – I am negotiating on a wonderful house in Bay Harbor Islands, Florida. This is a single family home neighborhood within walking distance to the beach, the shops at Bal Harbour and just minutes from South Beach. My client, who is a long time commercial buyer is approaching this purchase solely from a commercial aspect. He looks at the market and makes his offer accordingly. The Seller has rejected the offer...do you agree?
In analyzing Bay Harbor Islands Single Family homes over the past two years since this shift has begun we found the following information:
There have been only 23 single family homes sold in Bay Harbor Islands (this number reflects those sales we have sales price information for) since Jan 1, 2007. 11 of these properties were located either on the canal or wide open bay and 12 were on dry lots. The market year on year from 2007 to 2008 declined on average 21% (we analyzed waterfront properties average square price year on year). Though this number seems high it is actually much less than then the average Miami-Dade county drop which was 35% in the same time period (Source Trendgraphix).
We are finding more and more of Buyers are becoming more purchase savvy in this Real Estate market and are buying their homes with this frame of mind. As Realtors it is becoming more challenging to deal with this objection and convince a Seller that their property must not only meet a Buyer’s wants, needs and desires, but also stand up to the market shifting downward and the Buyers low purchase price offerings.
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