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Tag Archives: Aventura Florida

South Florida Home Prices Continue to Rise!

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For the seventh straight month, home prices have continued to increase on the South Florida real estate market!

This marks the best home price showing since Fall 2006!

Continue reading to learn more about recent South Florida housing market activity to see how it may affect you as a home buyer!

South Florida Homes for Sale

Here’s what the most recent real estate market data revealed about South Florida home sales activity in June:

  • June was the 7th month in a row that saw year-over-year single family home price increases in Miami-Dade County
  • The median price for a single family Miami-Dade County home was $194,250, up 5 percent from the same month in 2011.
  • The median price for a single-family Broward County home was $215,000, up 8 percent from the year before.
  • The median price for a Miami-Dade condo was $160,000, up 34 percent year-over-year.
  • In Broward County, the median price for a condo was $85,900, up 14.5 percent from last year.
  • There were 906 single-family homes that closed in Miami Dade County, down 1.8 percent from last year.
  • And in Broward County, there were 1,310 single-family homes that closed, up 14.5 percent year-over-year.
  • In Miami Dade County, there were 1,368 condos that closed, up 4 percent from last year.
  • Meanwhile in Broward County, there were 1,485 condos that sold, down 4.4 percent year-over-year.

The data suggests that things are definitely looking up here in South Florida.

Still, analysts are saying it will likely take until 2019 for home sales prices in South Florida to match what they were in 2006.

Purchase Your Dream South Florida Home Today!

Prices definitely appear to be on an upward trend on the South Florida real estate market.

Thus, if you’re interested in getting buying a home or condo, then you may want to consider entering the market soon!

For expert guidance on navigating the South Florida housing market as a buyer, please contact me, Scott Patterson.

While you’re at it, you may also be interested in checking out some helpful online home-buying tools:

Until next time,
Scott

 

Williams Island, FL Undergoing Major Improvements

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The prestigious South Florida community of Williams Island is about to get even better!

According to the most recent news, Williams Island is about to get a new guard gate and monument!

Continue reading to learn more about these recent developments, and how it will complement Williams Island’s existing reputation for excellence.

South Florida Homes for Sale at Williams Island

Williams Island is a luxury community comprised of 8 condo towers, the Mediterranean Village, Villa Flora and  access to Island Estates.

The beautiful residences that comprise Williams Island range anywhere from 2 to 6 bedrooms and come with 1,580 to 5,030 square feet of living space.

This impressive South Florida community also offers its residents a number of recreational amenities, including:

  • Fitness center
  • Indoor pool
  • Tennis courts
  • Hair salon
  • Full service marina
  • And more!

And now Williams Island is about to become an even better place to live!

According to the recent newsletter I read, Williams Island residents voted on April 5 to renovate several amenities in the community, including:

  • Front Gatehouse
  • Porte Chochere
  • Resident Gate
  • Exit Guard House
  • Front entrance sidewalk
  • Signage
  • Landscaping
  • Bus Shelter
  • 183rd Street Monument Sign

As part of the renovation project, there will be an expansion of the present gate house to include additional security equipment and monitoring systems.

What’s more, the renovated gate house will now hold the human resources department.

While construction on the Porte Cochere, front gatehouse and Williams Island monument had already commenced, construction on the resident gate and exit guard house will not be completed until after the Bellini building is constructed.

Your Williams Island Real Estate Expert

As you can tell by the recently approved renovation projects at Williams Island, the community is thriving and constantly striving to better serve its residents.

Even before these renovations began, Williams Island was already a premier South Florida community.

Now, it is bound to be an even more desirable residential community on the South Florida real estate market!

For more information on living at Williams Island – or to inquire about available listings there – please contact me, Scott Patterson, today!

Until next time,

Scott

Conditions Are Ideal to Purchase a Broward or Miami Dade County Home for Sale

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The president of our company EWM Realty International recently released the latest housing market data for Broward and Miami-Dade counties.

The outlook is fantastic for interested South Florida home buyers, said Ron Shuffield.

Home sales have increased and the median home sales price is on the rise.

Continue reading to learn more about recent South Florida housing market activity to see how it compares to recent years.

Properties for Sale in Broward and Miami Dade Counties, Florida

Here’s a brief overview of what Mr. Shuffield reported about recent South Florida housing market activity:

  • In Miami-Dade County, the median price for a single-family home so far in 2012 is $200,000, up 12 percent when compared to the year before.
  • In 2011, the median price was about $150,000.
  • Also in Miami-Dade County, the median price for a condominium so far in 2012 is $150,000, up 21 percent when compared to the year before.
  • In Broward County, the median price for a single-family home in 2012 is $216,000, up 14 percent from 2011.
  • And the median price for a Broward County condominium in 2012 is $85,000, up 9 percent from 2011.

Mr. Shuffield explained that low sales prices, record low interest rates and affordable housing inventory at the foreclosure stage have driven the recent sales South Florida has seen.

As a result, available and affordable South Florida housing inventory is dwindling quickly.

For instance, in 2011, sales of foreclosed homes made up 65 percent of all home sales in South Florida. Now they represent 50 percent of all sales.

Your South Florida Real Estate Expert

Watch the video above to learn even more about why South Florida home buyers stand to gain a lot on the Miami-Dade and Broward County real estate markets.

And if you’re thinking about entering the South Florida housing market anytime soon, be sure to contact me, Scott Patterson.

I have years of experience successfully helping buyers find a home that meets their wants and needs as well as lifestyle in such markets as:

Until next time,

Scott

South Florida Real Estate Market Has Finally Bottomed Out, Experts Say!

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I recently read an article in the Sun Sentinel that declared that the South Florida housing market has finally hit bottom.

According to Zillow.com, which is a Seattle-based real estate analysis site, home values in Miami-Dade, Broward and Palm Beach counties are now beginning to increase after six years of steady decline.

Continue reading to learn more about what Zillow said this means for the greater South Florida real estate market – as well as interested home buyers like you!

Properties for Sale in Aventura, Hallandale and other South Florida Communities

Here’s the most recent data that Zillow released about the local housing market:

  • The median value for homes in all three South Florida counties is $141,300, up 1 percent when compared to 2011.
  • Over all home prices are expected to increase by 6 percent during the next year, which would make South Florida a top-performing housing market in the nation.
  • Home sales prices are now beginning to resemble those prices seen in 2002 in South Florida.
  • Home values in 21 of 32 Broward Cities – including Fort Lauderdale – increased between 2011 and 2012.
  • Meanwhile, 17 communities in Palm Beach County saw higher home values, year-over-year.
  • Single-family home inventories in Broward County have decreased by 48 percent, year-over-year.
  • In Palm Beach County, inventories have decreased by 38 percent.
  • More and more homes are receiving multiple offers, many of which are above the original asking price.

All of this data suggests that home prices have fallen as much as they’re going to fall in South Florida before they begin to rise again.

And while some analysts are still skeptical that the South Florida housing market has truly bottomed out, nearly everybody agrees that the market will not likely see prices drop very much more if it hasn’t bottomed out yet.

Thus, for those who were interested in making an incredible investment on the South Florida real estate market, now is the ideal time to do so!

After all, once a market has bottomed out, the only direction home prices are going to go is up!

Your South Florida REALTOR!

If you’re interested in entering the South Florida housing market as a home buyer any time soon, please contact me, Scott Patterson.

As a trusted South Florida REALTOR, I have experience helping home buyers find their dream homes on a number of area housing markets, including:

Thus, I’d be happy to help you at every stage of the home buying process – from home showings to purchase offers to the final closing!

Until next time,

Scott

 

South Florida Home Inventory is Dwindling as More Buyers Enter the Market

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Home sellers throughout the country – including in South Florida – are expecting home prices to rise soon since the number of available homes for sale continues to decrease, according to a recent Bloomberg article.

The article goes on to say that home inventories are near lows that were last seen in 2005 and more home sellers are needed on the market.

Continue reading to learn more about this developing trend to discover how it may affect you as a South Florida home buyer!

Properties for Sale in Broward County, Florida

Here are some of the highlights of the recent Bloomberg article I read:

  • National home listings dropped to 2.37 percent in March, a decrease of 22 percent when compared to March 2011.
  • Currently, there is a 6.3 month supply of homes on the national housing market
  • In some parts of the country, the supply of homes fell even further. For instance, some markets had less than a three-month supply at some point earlier this year.
  • Existing home sales from January to March 2012 were the highest first quarter on record since 2007.
  • Meanwhile, the median sales price in 146 metro areas fell to $158,100, down 0.4 percent year-over-year.
  • Nationally, housing affordability is at an all time high. One index recently showed that a family with a median income of nearly $61,000 would be able to afford a $325,000 home – more than double the median price of all homes in the country right now.
  • During the first quarter of 2012, national foreclosure filings fell to their lowest levels since 2007.
  • Meanwhile, re-sales of Fannie Mae and Freddie Mac foreclosures fell to 77,104 homes in the first quarter of 2012, down 18 percent year-over-year.
  • The national inventory of new homes has also fallen – to 144,000 in March. That figure is actually the smallest number of new construction homes on record since 1963.

Here’s what the Bloomberg article specifically noted about the South Florida real estate market:

  • Florida’s median home prices are beginning to rise as foreclosed home transactions have declined.
  • In Miami-Dade County, the number of listings in April fell to a 5.7-month supply, down 35 percent year-over-year.
  •  In Broward County, the number of listings in April fell to a 4.2-month supply, down 31 percent year-over-year.
  • Also in Broward County, condo prices have increased to $75 a square foot, up 10 percent year-over-year.
  • Meanwhile, home prices have increased to $80 a square foot in Broward County, up 2.6 percent year-over-year.

Florida real estate analysts are crediting the declining home inventory to the fact that home buyers are flooding the market looking for great deals as the South Florida housing market bottoms out.

But as more home buyers snatch up available homes for sale, home prices are expected to rise as demand starts to exceed the supply, analysts say.

Thus, now is a great time to invest in a South Florida property for sale.

Purchase a South Florida Home for Sale Today!

There are plenty of reasons to want to invest in a South Florida property for sale. From increasing rental rates to record low interest rates – home ownership hasn’t looked this appealing in a while!

Thus, if you’re interested in owning your own South Florida home, contact me, Scott Patterson, today!

As an experienced REALTOR in Broward and Miami-Dade counties, I’ll be more than happy to assist you at every stage of the home-buying process.

Interested in starting your South Florida home search immediately? Then please be sure to check out some of the helpful home-buying tools I offer online, such as:

Until next time,

Scott

Search For Your Next South Florida Home for Sale With This Brand New Tool!

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Thinking about investing in South Florida real estate in Broward or Miami-Dade County anytime soon? Finding your next dream home has never been easier thanks to some new tools I recently added on my South Florida real estate website!

With my user-friendly search tools, you’ll be able to narrow down the list of all available listings in South Florida to specific neighborhoods that interest you.

Continue reading to find out more!

South Florida Properties for Sale

Here in South Florida, there are plenty of fabulous residential communities from which to choose, each of which offer their own unique residential living experience.

Now, you can search for available listings in specific condominium communities with the help of my easy-to-use search tools.

Here are some of the pre-defined searches I’m now offering to interested South Florida home buyers:

Once you’ve done these initial searches, you’ll be able to narrow down your options even more to fit your square footage, number of bedrooms and other home-buying preferences.

Your South Florida Real Estate Expert

As your South Florida REALTOR for life, I am always looking for ways in which to make the home buying process easier for interested home buyers like you.

Specifically, I help home buyers navigating the following markets:

For additional tips and tools on how to effectively navigate the South Florida real estate market, please don’t hesitate to contact me, Scott Patterson, today!

Until next time,

Scott

 

Aventura Florida Neighborhood Spotlight on Presidential Estates

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Today I will continue my occasional series of impressive South Florida neighborhoods by telling you about the Presidential Estates community.

This high-end community features 176 incredible homes developed by Coscan Homes and the Signature Collection by Brookman-Fels.

These homes, which range from 2,600 to 6,500 square feet, were built between 1998 and 2002.

Homes in Presidential Estates feature between three to seven bedrooms and one to three-car garages. And many of them include private swimming pools!

Residences at Presidential Estates range from $1,000,000 to $3,500,000.

Continue reading to learn more about what this magnificent South Florida neighborhood has to offer to Aventura area home buyers like you!

Live in the Lap of Luxury at Presidential Estates in South Florida

No luxury feature was spared when developers built Presidential Estates in South Florida, as evident by the expansive list of amenities offered to residents:

  • Community parks and playgrounds
  • Four tennis courts
  • A tennis club
  • A community swimming pool
  • Pro Shop and Clubhouse

The community also features a 24-hour manned gatehouse for added privacy.

What’s more, Presidential Estates is an ideal place to call home for families with school-age children.

That’s because this elite Aventura neighborhood is zoned for such high-performing public schools as Benjamin Franklin Elementary and North Miami Senior High.

Buy an Aventura Home for Sale at Presidential Estates Today!

To learn more about what makes Presidential Estates such an amazing place to live – or to inquire about available listings on the Aventura real estate market – contact me, Scott Patterson.

As your South Florida real estate expert, I’ll be happy to answer any questions you may have as well as provide you with such helpful relocation resources as:

Until next time,

Scott

Positive Signs for South Florida Real Estate Market in 2012

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The year 2012 may turn out to be a better year for the South Florida real estate market than previously expected, according to panelists at a Greater Miami Chamber of Commerce meeting.

During the panel discussion on real estate and new construction, experts predicted that the South Florida housing market had finally bottomed out.

Ron Shuffield, president of our company Esslinger Wooten Maxwell Realtors, attended the meeting and participated in the discussion.

Continue reading to learn  about his predictions for 2012 and what it means for interested South Florida home sellers.

South Florida Homes for Sale

According to housing experts, low interest rates as well as depressed sales prices on the South Florida real estate have attracted a new influx of home buyers.

Given the increasing demand for homes, Ron Shuffield said that the only thing that may slow down home sales in 2012 would be a shrinking home inventory.

For instance, typically there should be a seven to nine month home inventory. But right now, there’s a six to seven month housing inventory.

Panelists credited that shrunken inventory to heavy discounting, especially for South Florida condominiums.

Here are some of the predictions that these real estate experts made for the New Year:

  • The last of the 4,700 condominium units remaining from the 49,000 built in the region in the last several years will be sold in 2012
  • Many of those 4,700 condominium units will likely be converted into rental properties.
  • Several of the proposed condominium projects in Miami-Dade County will reach fruition in 2012, adding about 4,200 units to the market.
  • European and Latin American investors will continue to fuel much of the activity on the South Florida real estate market
  • A possible increase in mortgage interest rates as well as land prices, however, may slow down the economy once more.
  • What’s more, new condos priced too high could also stall real estate activity.

South Florida Properties

The outlook on the South Florida real estate market definitely seems to be improving each year, suggesting that the market is starting to swing back toward a neutral market rather than a buyer’s market.

This should be welcome news for South Florida home sellers trying to get a good deal on their home.

From my expert advice to my many home selling resources, I’ll make navigating the South Florida real estate market a breeze for you.

Until next time,

Scott

A Look Back at South Florida Real Estate Activity in 2011

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The year 2011 was marked by increasing sales volumes, international home buyers using cash only and depressed home prices, according to a recent report from the Miami Association of Realtors.

Continue reading to learn more about how the South Florida real estate market fared at the end of 2011 – and what local real estate experts are predicting for 2012.

Florida Homes for Sale in the Aventura, Hallandale and Golden Beach Areas

Here’s an overview of some of the trends that South Florida REALTORS saw on the local housing market in 2011:

  • International home buyers spent about $3.5 billion in cash on distressed South Florida real estate
  • Although home sales increased and the total housing inventory decreased in South Florida, home prices remained relatively stagnant.
  • The South Florida rental market saw growth as former home owners became renters.
  • The home inventory in South Florida dropped to 28,000, or by about 40 percent.
  • Meanwhile, the shadow inventory of foreclosed homes that are not listed for sale yet increased to more than 200,000.
  • South Florida existing home sales increased at a slower rate than earlier in the year, although median home prices began to increase.
  • In Miami-Dade County, there were 1,064 condo sales in November, up 2 percent from November 2010.
  • Meanwhile, single family home sales increased by 11 percent year-over-year, to 755.
  • In Broward County, there were 1,089 condo sales in November, down 1 percent from November 2010.
  • Meanwhile, single-family home sales increased by 22 percent year-over-year, to 961.

Analysts are cautiously optimistic about what 2012 will bring for the South Florida real estate market.

While some believe that there isn’t likely to be any real market rebounds until 2013, others believe housing market activity will improve considerably in 2012.

Here are three predictions that the Miami Association of Realtors made for the new year:

  • Home prices will remain low. Experts believe that the high number of distressed properties on the market will keep home values depressed. As an illustration, more than half of all South Florida home sales in November involved a foreclosure or short sale. In a normal market, those types of properties would have made up less than 5 percent of sales.
  • There will be an increase in foreclosed properties on the South Florida real estate market. In 2011, there was a slowdown in foreclosed properties entering the market as banks dealt with a backlog of court repossession paperwork. But experts predict that slowdown will end in 2012, possibly dragging down home values further.
  • More people invest in the rental market, fueling South Florida home sales. While it may seem counter intuitive, an increasing number of South Florida investors are buying homes to turn them into rental properties because of the high demand for rental properties in the area. This in turn is helping create activity on the local real estate market.

Your South Florida Real Estate Expert

While we may not be out of the woods yet, there are plenty of signs to suggest that the sluggish South Florida real estate market is beginning to improve.

The year 2012 may become a turning point on the South Florida real estate market.

For expert advice on the best way to navigate the local housing market as a home buyer or a home seller, make sure to contact me, Scott Patterson.

As your South Florida real estate expert, I have extensive experience working in such local housing markets as:

Until next time,

Scott

Incredible New Villa Flora Listing in Williams Island in Aventura, Florida

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If you’re the kind of discerning South Florida home buyer who values luxury, prestige and elegance, then you’ll be thrilled to learn about the most recent new listing on the South Florida real estate market.

An 8,400 square foot home in the elite Villa Flora community of Williams Island was recently listed on the Aventura real estate market.

There are only 14 homes in this exclusive Aventura community, so it’s a rare treat when one of them becomes available for purchase.

Continue reading to learn more about this magnificent Aventura home for sale and how it can become your dream South Florida home.

Aventura Homes for Sale

The home located at 1524 Island Boulevard  is an impressive architectural feat, even by the high standards set by the gated Villa Flora community.

This Aventura home is situated on point lot, the largest lot in the community and provides incredible, unobstructed views of the bay.

Built with the highest-end materials available, this South Florida home features 6,596 square feet of living space, including 6 bedrooms and 7.5 baths.

There are also a number of recreational features provided throughout the home, including:

  • A state-of-the-art home theater
  • Social Room
  • Pub
  • Heated swimming pool
  • Wet bar with built-in grill
  • Large Terrace

The high standards and attention to detail are evident throughout the residence:

  • Custom-made kitchen with top grade appliances
  • Granite counter-tops
  • Hardwood and marble floors
  • Faux and custom wallpaper
  • Elevator
  • Library
  • Three beautifully designed fireplaces
  • 3 car garage
  • Impact windows and doors
  • And more!

Plus, as a resident of Villa Flora, you’ll have unlimited access to all of the recreational amenities right on the property, including:

  • Marina, which accommodates boats up to 120 feet
  • Spa
  • State-of-the-art fitness center
  • Tennis courts

1524 Island Boulevard #13: An Unbeatable Find on the Aventura, Florida Real Estate Market

This incredible South Florida home is currently listed for $4,500,000.

Contact me, Scott Patterson, today for more information on what this home in the Villa Flora community has to offer.

And for additional help on navigating the South Florida real estate market, make sure to check out all of my helpful home buying tools, such as:

Until next time,

Scott