There has been a rise in new home construction in the waterfront community of Golden Isles in Hallandale Florida. All the homes pictured below are currently under construction and are being built by end users, only one is a “Spec” home.  All of these homes are nearly complete.  There are also 3 new vacant land purchases that will soon also have new homes built.

Golden Isles itself has been going through a makeover including new bridges, new guard house and new water lines.  These new homes will further improve the aesthetic appeal of the community and continue to establish Golden Isles as a very desirable deep waterfront community in South Florida. For more information on Golden Isles and/or properties for sale contact me at 954.661.8871.

I listed PH4 at the 7000 Building in Williams Island and in less than a week it was under contract for almost full price. If you price it right it will sell ! Whereas another penthouse in the building has been on and off the market since 2004 starting at $3.1 million to now $1.750 million.

When a Listing is on the market for a long period of time, it becomes stale. PH4 pictured below was listed for $1,495,000 and sold for $1,485,000 in less than a week, this was a cash transaction and an International Buyer. The seller was realistic in his asking price and the Buyer recognized its great value and therefore paid almost list price. If a Buyer sees value and you price it right from the start you have a great chance of selling it quicker.  Pricing is an important factor especially in today’s real estate market.

For real estate information on your condo or home, contact me anytime.

As a follow up to my recent real estate blog illustrating the Broward County 8 yr. real estate inventory, here is the 8 year graph of the Miami-Dade County single family market. This is a great illustration to truly understand the market, as you will see Miami-Dade and Broward Counties have similar graphs but keep in mind this is a summary of all the single family inventory and all price ranges in Miami-Dade county.  To completely understand the market, you need to remember the market is “Community Specific”, “Area Specific” and/or “Building Specific”, in other words you cannot compare one community to another as well as water v.s. non-waterfront.  Every city, community and subdivision is different and to get real specific information about communities such as: Golden Beach, Aventura, Sunny Isles, The Point of Aventura, One Island Place and Presidential Estates we would need to dissect them individually.

If you would like to get real estate stats on your community, feel free to contact me.

A picture is worth a thousand words, in this case it’s an 8 year snapshot of the Broward County real estate market….the peak of the market was March 2005 when we had the lowest supply of inventory of single family homes in Broward County including the cities of: Fort Lauderdale, Davie, Plantation,Weston, Hollywood and Hallandale Beach.  It was a extreme Seller’s market, inventory steadily increased and peaked in April of 2008 and has since been declining and we now have the lowest amount of inventory we have seen in sometime.  It’s now challenging to find “Good Inventory”and it’s all about “Supply & Demand”, especially in the key communities and developments like: Las Olas, Rio Vista, Harbor Beach, Weston, Windmill Ranches, Hollywood Lakes, Harbor Islands and Golden Isles.

It you would like to keep up to date with the South Florida Real Estate market, subscribe to the Blog.

Join me for this first Brokers Open at 9951 Winding Ridge Lane in Davie.  A custom built 2-story estate on over an acre lot.

The Porto Vita Community located in the heart of Aventura is composed of luxury condos (South and North Tower) and townhomes.  Porto Vita is a gated community offering the pinnacle in lavishness and sophistication with amenities such as spa, swimming, tennis courts, fitness center, concierge service, resident club and 21-slip marina.

My new listing pictured above is located at 3750 NE 1999 Terrace.  Below are some appointments.

Appointments:

• Three Stories
• Elevator
• 4 Bedrooms, 4.5 Baths
• 4,033 + sq.ft.
• 60′ deeded dock
• pool
• 2 car garage

Offered at: $1,950,000

For additional information about this listing visit my website at Porto Vita Waterfront Townhome

1136 N. Northlake Drive

This is one of my newest listings in Hollywood Lakes on Northlake.  This Mid-Modern home is impeccable and was built in 2008 with the finest of finishes and attention to detail.  The home is located on a point corner lot with 164 feet of waterfrontage.  The views are one of the best in the Lakes and one of very few Mid-Modern homes in the area.

Home Details:

• 6 Bedrooms, 6.5 Baths
• Two-story
• Built in 2008
• 2 car garage

For Additional information about this listing or other listings visit my South Florida Real Estate Website.

You are invited to get an intimate look at the New Mediterranean custom built single-family homes in Island Estates, a private island community in Aventura.

Below is a list of the 4 price reductions in Hollywood Lakes in the past 30 days listed over $500,000.

Northlake and Southlake

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