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Tag Archives: 33019

New South Florida Real Estate Website Unveiled to Help South Florida Home Buyers and Sellers

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I  have some exciting news for interested South Florida home buyers and home sellers. We recently redesigned our website to make it easier for you to navigate the South Florida real estate market!

Here’s a look at some of the features we recently added or improved:

Personalized South Florida Real Estate Service

I strive to give every interested South Florida home buyer and home seller the best service possible.   That’s why we also added some of these social features to our website that helps us stay connected to you:

Thinking About Entering the South Florida Real Estate Market?

With our newly designed website, it’s never been easier to navigate the South Florida Real Estate market!

Contact me, Scott Patterson, your Aventura area real estate expert today, to learn more about what we can do for you.

Until next time,

Scott

South Florida Home and Condo Sales Start Strong in 2011

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The year 2011 is off to a good start in the South Florida real estate market, according to a recent article in The Miami Herald.

The number of luxury condominiums and home sales in South Florida is resembling those levels seen in 2005. In fact, sales figures in Miami-Dade and Broward counties haven’t been this high in five years.

There were 1,262 sales of existing condos in Miami-Dade County in January, which is a 134 percent increase from January 2010, according to the Miami Association of Realtors

In Broward County, there were 1,318 condo sales in January, which is a 27 percent from the same month last year.

Single-family home sales in Miami-Dade and Broward counties increased by  55 percent and 18 percent respectively from January 2010.

A Shift to a Home Sellers Market?

Although area foreclosures continue to pull the median sales price for South Florida homes downward, experts are saying that the increased activity in South Florida home sales as well as the shrinking inventory of homes on the market may have a counter effect.

As South Florida home prices begin to rise, the market might switch from being a buyer’s market to a seller’s market.

South American buyers, enjoying a favorable conversion rate to the U.S. dollar, are expediting this switchover by investing in the South Florida real estate market in large numbers.

Still, the South Florida real estate market seems to be a buyer’s market at this point, as evident by some recently released data:

  • The median sales price on Miami-Dade condos was $91,200 in January, which was a decrease of 36 percent from 2010.
  • In Broward County, the median sales price rose slightly – by 2 percent – to $68,900.
  • The median sales price for Miami-Dade single family homes fell 18 percent to $150,800 when compared to January 2010.
  • The median sales price for Broward County single family homes dopped by 5 percent to $165,100.

Ready to Enter the South Florida Real Estate Market?

If you’re the kind of home buyer who loves a good deal, now is a great time to enter the real estate market.  Prices are still low, more financing has opened up and interest rates are still at record lows.
Recent signs in the market, however, suggest that the South Florida real estate market is shifting toward a seller’s market.  Once that happens, prices on luxury condominiums and homes will inevitably rise.
Contact me, Scott Patterson, your Aventura real estate expert, today to learn about available listings in some of our luxury Aventura condominiums, including:

While you’re at it, feel free to check out some of the other amazing South Florida communities, including Bal Harbour, Golden Beach, Hallandale and Hollywood.

Brazilian Home Buyers Positively Stimulating the South Florida Real Estate Market

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Brazilians are visiting and investing in South Floridain record numbers, according to a recent article in The Miami Herald.The South Florida newspaper reported that not only are Brazilians storming the luxury South Florida real estate market, but they’re also investing in local businesses.

According to the article, the recent surge in Brazilian visitors and Brazilian home buyers in the South Florida real estate market is largely credited to Brazil’s booming economy.  In fact, the country’s economy is expected to become the fifth largest in the world by 2016.

In addition, Brazil’s currency is stronger than the dollar, which makes investing in South Florida all the more appealing for Brazilian home buyers.

More Signs that Brazilians Are Making a Huge Impact on South Florida Real Estate

Everywhere you look in South Florida, there are signs that the area’s relationship with Brazilian home buyers is becoming increasingly paramount to the local economy.  According to the Miami Herald:
  • American Airlines provides 52 flights to Brazil a week from Miami International Airport.
  • An estimated 500,000 Brazilians visited Miami-Dade in 2010, spending more than $1 billion locally.
  • The local tourism bureau has increasingly published guides, maps and other tourist materials in Portuguese.
  • The number of Brazilians visiting Broward County last year jumped by 50 percent to about 300,000 visitors.
  • After Canada, Brazil is the second most important foreign market in Broward County.
  • There are an estimated 250,000 to 300,000 Brazilians living in Florida, according to the Brazilian Consulate in Miami.  The majority of them live in Broward and Miami-Dade counties, as well as Orlando.
Many of these Brazilian home buyers are settling in the Sunny Isles and Miami areas in high-end, waterfront condominiums and properties, the article reported.

Luxury  Condominiums and Properties Available Now in Aventura, Florida and other South Florida Communities

As a seasoned South Florida REALTOR, I understand the importance of remaining informed about the South Florida real estate market in order to better serveSouth Florida home buyers.

Whether you’re an international home buyer from Brazil or a native Floridian who is interested in relocating within the state, I can provide you with expert real estate advice and cutting-edge home buyer tools, including:

I also suggest you browse all the available listings in some of South Florida’s most beautiful communities, including Aventura, Hallandale, Hollywood and Golden Beach.

2010 Real Estate Market Report for Golden Isles in Hallandale, Florida

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In 2010, I spent a lot of time selling properties in the gated waterfront community of Golden Isles in Hallandale, Florida. In fact, of the 14 homes that sold in this community in 2010, I sold half of them.

Golden Isles has become a coveted address because of it’s location and access to the ocean. It’s central location puts you just minutes away from the unique communities of Aventura, Sunny Isles and Bal Harbour, this deep waterfront community is also less than 5 minutes from the newly constructed Gulfstream Park:

Community Amenities include:

•Tennis Center
•Park and Children’s Playground
•24 Hour Manned Gatehouse

I recently reviewed all of the sales in the Golden Isles community, below is a quick summary in case you’re thinking about entering the South Florida real estate market.

2010 Sales Data for the Golden Isles Community in the Hallandale Real Estate Market

Of the 14 homes that sold in Golden Isles in 2010, I sold seven.  Below I have listed the sales data for this sought after Hallandale community.

Total Sales in 2010: 14

Highest Priced Sale in 2010: $1,425,000 (Structure was torn down by buyer, corner property sold for land value)

Lowest Priced Sale in 2010: $440,000 (Knock down on north side of Tamarind Drive, the north side of Tamarind is the least desirable location in Golden Isles since it faces older condos built in the 50’s)

Maximum Square Footage on a Home Sold in 2010: 5,908

Minimum Square Footage on a Home Sold in 2010: 1,708

Given this community’s compelling location on the water and its close proximity to all the shopping, dining and entertainment venues of neighborhood communities, the lots in Golden Isles are quite valuable.

Buying a Home in Hallandale, Florida

Do you want to learn more about Golden Isles?  Check out my Golden Isles community page, which details all of the amenities you’ll find in this community.

If you’re a South Florida home buyer who is interested in learning more about all the available listings in Hallandale, Golden Beach, Hollywood and Aventura, then contact me, Scott Patterson.  I’d be happy to answer any questions you might have about the area and help make navigating the South Florida real estate market as easy as possible for you.

Explore Harbor Islands in Hollywood Florida from the Convenience of Home

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The advent of the Internet has made it a whole lot easier to be a South Florida home buyer. Why? Because it allows you to have a wealth of information right at your fingertips, from available listings in Hollywood, Florida to virtual tours of some of the most beautiful neighborhoods in the area.

My goal is to make navigating the South Florida real estate market as easy as possible. So I’ve made videos of some of the most coveted, luxurious residential communities in the area.

This month, I’d like to tell you about a community that has become well known for its tranquil vistas and friendly neighbors: Harbor Islands in Hollywood, Florida.

Dream Homes for Every Lifestyle in Harbor Islands Community in Hollywood, Florida

Situated on a cluster of islands along the Intracoastal Waterway, the 192-acre gated community of Harbor Islands is a paradise within the city of Hollywood.  Many of the homes in this amenity rich community are waterfront and feature  views of the Intracoastal and canals as well as have private swimming pools.

From waterfront estates to impressive town homes, there is something for every lifestyle at Harbor Islands, with prices ranging from $450,000 to $5 million.  Homes were built between 1996 and 2006 and range in size from 1,500 to 10,0000 square feet.

Although the neighborhood itself is expansive, you’ll feel right at home in one of Harbor Island’s distinctive communities: Edgewater, Harborside, Harborview, Grand Harbor Estates, The Estates, Harbor Pointe, Commodore Estates and Admiral’s Cove.

No matter which community within Harbor Islands you ultimately settle in, rest assured that you’ll have access to such world class amenities as:

  • the Grand Clubhouse Recreation Center
  • The 20-acre Joe Dimaggio Park, which includes paths for biking and jogging
  • A Championship Tennis Center
  • State-of-the-art Fitness Center and Spa
  • The Loggerhead Club and Marina
  • And more!

Ready to Enter the Hollywood, Florida Real Estate Market?

If you would like to learn more about what Harbor Islands has to offer its residents, check out my Harbor Islands community page, which will tell you even more about what it’s like to live in this amazing Hollywood, Florida neighborhood.

As your South Florida real estate expert, I’m constantly looking for ways to make your South Florida home buying experience easy and pleasant. Contact me, Scott Patterson, today to learn about featured listings in South Florida’s many beautiful communities, including Aventura, Golden Beach, Hallandale and Hollywood.

I’d also suggest you browse some of my other community pages to learn about other featured neighborhoods in Hollywood, including Hollywood Lakes as well as the condominium communities of  Ocean Palms and Villas of Positano

2010 Real Estate Year End Review Video

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The year 2010 showed positive signs of growth in the South Florida real estate market.  We sold twice as many homes in 2010 than we did two and a half years ago, according to Ron Shuffield, president of our company, Esslinger-Wooten-Maxwell, Inc. Realtors

What does that mean for the Miami Dade and Broward County home buyer?  Lower list prices on South Florida homes for sale coupled with record low interest rates has created an amazing South Florida home buyers market.  And the value on these South Florida homes is only going to rise.

Learn more about why our company’s president believes values on Florida homes will continue to increase through 2011 by watching the video below.

If you’re interested in learning more about South Florida real estate, contact me, Scott Patterson, your South Florida real estate expert, today.  I’ll let you know about all of the available listings in the beautiful communities of  Aventura, Golden Isles, Golden Beach, Hollywood Lakes, Harbor Islands and more!

New Farmers Market Coming To Hollywood Florida

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Farmers Markets are increasingly popular for their locally grown fresh produce and other local goods. One of my clients is opening a state of the art 100,000 sq. ft. facility with over 300 booths in Hollywood Florida: The “Yellow Green Farmers Market”, the grand opening will be on October 3rd 2010 and is located at 1940 N. 30th Rd. Hollywood Florida 33021  (954-513-3990) www.ygfarmersmarket.com . Since we are all looking for ways to lead healthy lifestyles, this is a great way to do so while supporting our local community and environment.

Now South Florida and the nearby communities of: Hollywood Oaks, Hollywood Lakes, Harbor Islands, Golden Isles, Aventura, Golden Beach, Presidential Estates and Sunny Isles can come enjoy fresh produce, fish, meats, cheeses, arts & crafts and much more.  Please join us in welcoming our new neighbor!

8 Year Snapshot Of Single Family Real Estate Inventory in Broward County

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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.

New Mid-Modern Listing in Hollywood Lakes

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1136 N North Lake 06

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.

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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.

Closed Sales This Week In Harbor Islands Hollywood Florida

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There were 2 closed sales this week on the same day in Harbor Islands.  The first was my listing located in Grand Harbor Estates 1490 Windjammer Way that closed for $1,370,000.  The other was 1016 Sanibel Drive in Harborside for $1,750,000.  Sales are picking up in Harbor Islands, year to date there have been 23 closed sales and there are currently 3 pending sales and 2 more about to go pending.  Harbor Islands appeals to a broad range of Buyers as price points range from the high 400’s to 5MM.  There are approx. 480 homes in the Harbor Islands Community and there are currently a total of 37 homes on the market.

1490 Windjammer Way

1490 Windjammer Way-8100

Dry Lot, 5 Bedrooms, 5.5 Baths, 4,674 sq.ft. under air.  Sold $1,370,000 (10/15/2009)

1016 Sanibel Drive

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Waterfront, 5 Bedrooms, 4.5 Baths, 7,269 sq.ft. under air. Sold $1,750,000 (10/15/2009)