South Florida Home and Condo Sales Start Strong in 2011

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.

Nationally Acclaimed Asset Management Company Invests in Aventura, Launches South Florida Portfolio

The South Florida luxury condominium real estate market might never look the same again.  ST Residential, a renowned asset management company with $4.5  billion worth of real estate investments nationwide, recently announced that it would be adding to its portfolio several South Florida condominiums , one of which is in Aventura.

According to a recent press release, ST Residential takes “a fresh look at the real estate market by rethinking everything from the ground up.”

The company manages a public-private partnership between the FDIC and several private equity investors, including Starwood Capital and Perry Capital.

In the South Florida real estate market, ST Residential recently added the following communities to its portfolio:

  • ARTECH, a gorgeous community in Aventura
  • Jade Ocean, a stellar condominium community in Sunny Isles
  • Tao, a high-end community in suburban Sunrise
  • Infinity, which is located in downtown Brickell
  • Mint, which features luxury residences in the heart of  Miami
  • Paramount Bay, which is coming soon

Luxury Condominiums in Aventura, Florida and Surrounding Areas

Built in 2008, ARTECH is a beautiful community in Aventura Florida that features studios, one-, two-, and three-bedroom residences.  Square footage in this waterfront community ranges from 913 to 2,814 square feet.  So whatever size family you have, you’re sure to find a home that suits your needs at ARTECH.

As a resident of ARTECH, you’ll have access to such amenities as:

  • Waterfront infinity edge pool
  • Two tennis courts
  • Fully equipped fitness center and spa
  • Yoga terrace
  • Business Center
  • 24-hour security
  • Concierge
  • And more!

This community is already an amazing place to live.  Thus, with ST Residential’s recent investment in this Aventura condominium community, life should only get better for ARTECH residents.

Learn More About the Aventura Real Estate Market Today!

In addition to ARTECH, there are plenty of luxury condominiums in Aventura Florida, including Hamptons South, Hidden Bay, The Point and Williams Island.

In addition to resort-style amenities, these communities offer you easy access to some of the best attractions that Aventura has to offer, including:

  • Aventura Mall
  • Amazing shopping, dining and entertainment options in the downtown
  • Aventura Arts & Cultural Center
  • Some of South Florida’s most beautiful beaches
  • And much more!

If you would like to learn more about living in this amazing South Florida community, then contact me, Scott Patterson, your South Florida Real Estate Expert.

I’ll let you know about any available listings in Aventura’s wonderful condominium communities and will also answer any questions you might have.

To help make entering the Aventura real estate market easier, I recommend you check out my Buyer FAQs as well as my FREE Buying South Florida Real Estate Ebook.

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

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

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 Market Report for The Point in Aventura, Florida

The year 2010 proved rather successful for The Point development in Aventura, Florida.  Several South Florida real estate buyers invested in condos at each of The Point’s five towers and it’s easy to see why.
The Point community is the apex of luxury living.  From its breath-taking views of the Atlantic Ocean and Intracoastal Waterway to its resort style amenities, The Point has it all!
I recently compiled all the 2010 sales data for The Point to see just how successful 2010 was for this development and even I was impressed with how well the community fared. If you are in the market to buy or sell real estate in Aventura, such as at The Point, this information will prove invaluable for you.

Continue reading “2010 Real Estate Market Report for The Point in Aventura, Florida”

New To The Market Harbor Islands In “Harbor Pointe” Hollywood Florida

For those of you who might be unfamiliar with Harbor Islands, it is a 192-acre private gated waterfront community in Hollywood Florida composed of eight sub-communities.  You can select a home to fit your own personal budget with prices ranging from $450,000 up to $5,000,000.  Amenities in the community include a deep water Marina with 196 boat slips that can accommodate boats from 20-120 feet, Joe DiMaggio Park, Tennis and Fitness Center/Spa.  One of the unique things about  Harbor Islands is that it’s one of the only waterfront gated communities with private streets east of I-95 & US1.
Hollywood Florida Harbor Islands
New Listing Featured below is located in “Harbor Pointe” , the newest community in Harbor Islands located next to the Marina with Intracoastal Waterfront Homes as well as Non-Waterfront homes.

1320 Hatteras Court

Harbor Islands 1320 Hatteras Court

Quick Facts:
5 Bedrooms
6.5 Baths
Living Area Sq.ft.: 4,950
3 car garage

List Price: $1,550,000

There are currently 5 Active properties in Harbor Pointe, the featured listing above (non-waterfront) and 4 others on the Intracoastal waterfront.  See all the Active Listings in Harbor Pointe.  There has been 1 closed sale this year in Harbor Pointe and it was a Bank Owned Foreclosure that sold 2 days ago on September 14, 2009 for $3,200,000 it was a 6BR, 9.5BA 8,519 sq.ft. waterfront home which included the only 100 foot deeded dock at the marina, all the rest of the docks at the marina are only available for lease.

Subscribe to my South Florida Real Estate Blog and get updated instantly!

Brokers Open 619 Palm Drive In Golden Isles Tomorrow

Please join me as I will be holding a Broker’s Open (Lunch Served) tomorrow Wednesday May 6, 2009 from 12:00pm to 2:00pm at 619 Palm Drive Hallandale Florida 33009.  It is a Broker’s Open but anyone that would like to preview this home directly on the Intracoastal Waterway in Golden Isles Hallandale Florida is welcome to come.  The home is a 5 bedroom, 4.5 bath home on a 100′ x 150′ lot listed for $1,750,000.  Great opportunity for anyone who would like more information about this property and/or the Golden Isles Waterfront community.

619-palm-wm1619-palm_01

Quick Facts

Bedrooms: 5
Baths: 4.5
Year Built: 1997
Garage: 2
Living Area sq.ft.: 4,473
Total Area sq.ft.: 5,085
Dock: 60′ deeded dock and 13,000lb boatlift

For local news and information join my real estate blog!

Hollywood Lakes Florida Largest Estate

Hollywood Lakes largest estate was built in 2001 and is located on Northlake at 900 S. Northlake Drive.  The lot is over 1 Acre, around 48,000 sq.ft. making it one of the largest lots on either lake and the home is approximately 15,000 sq.ft. with 9 Bedrooms, 9 Baths, 4 half baths and a separate 1,800 sq.ft. guest house.  The corner lot offers open water views along the 450ft. of seawall.

The home is currently listed for $14,900,000.00

Southlake & Northlake

Hollywood Lakes is a waterfront community centrally located minutes to Hollywood Beach Florida, Hollywood/Ft. Lauderdale Airport and many local attractions.

Scott Patterson

Subscribe to my Real Estate Blog

Harbor Islands Waterfront Community in Hollywood Florida

Harbor Islands Hollywood Florida

Harbor Islands is the only gated waterfront community in East Hollywood Florida.  This 192-acre, gated community is composed of waterfront estates, executive homes and distinctive townhomes.  Within Harbor Islands there are a total of 8 sub-communities, which include Edgewater, Harborside, Harborview, Grand Harbor Estates, Harbor Pointe, Commodore Estates and Admiral’s cove.  Amenities such as Grand Clubhouse, Logger Head Club and 90-Slip Marina, Tennis Center, 20-Acre Park with biking and jogging trails are all at your doorstep when you choose Harbor Islands as the place to call home.

Harbor Islands Real Estate And Sub-Community Information

Admirals Cove at Harbor Islands:

This community within Harbor Islands offers 48 luxurious townhomes and villas in the price range of $500,000 to 1,000,000.  The floor plans of the residences, built between 2002-2004, range from 2,150-3,290 square feet and include 3-4 bedrooms with 2.5-3 bedrooms and 1-2 car garages.

Commodore Estates at Harbor Islands:

Commodore Estates within Harbor Islands offers 29 luxurious two-story Mediterranean-style homes in the price range of $1,475,000 to $3,200,000.  The floor plans of the residences, built between 2000-2004, range from 3,700-4,875 square feet and include 4-6 bedrooms with 4-6.5 bathrooms and 2-3 car garages.

Edgewater at Harbor Islands:

Comfortable living exists in 139 residences within Edgewater, in Harbor Islands. This is a truly executive retreat, from the residence 6’ privacy wall and 8’ village wall to the underground utilities, leaving the streets beautiful and uncluttered. Potential residents can choose from a variety of one and two-story floor plans priced between $450,000 to $1,350,000, with approximately 30% of them waterfront. The floor plans of homes, built between 1996-2000, ranges from 1,500-4,000 square feet and include 2-5 bedrooms with 2-4 bathrooms.

Grand Harbor Estates at Harbor Islands:

Grand Harbor Estates offers you the advantage of living in one of the newest communities in Harbor Islands. It is also one of only two communities within Harbor Islands that offers direct Intracoastal waterfront access with deeded docks as well as non-waterfront homes. Residents can choose from 39 luxury Hollywood, Florida residences in the price range of $1,400,000 to $3,400,000. The floor plans of the residences, built between 2003-2006, range from 3,700-5,500 square feet and include 4-6 bedrooms with 3.5-6.5 bathrooms and 2-3 car garages

Harbor Pointe at Harbor Islands:

The newest community in Harbor Islands, Harbor Pointe, is only one of two that offers deeded docks direct Intracoastal waterfront. This community within Harbor Islands offers 28 luxurious two-story Mediterranean-style homes in the price range of $1,900,000 to $3,200,000. The floor plans of the residences, built between 2002-2006, range from 3,700-6,700 square feet and include 4-6 bedrooms with 4.5-7.5 bathrooms and 2-3 car garages.

Harborside at Harbor Islands:

Live in one of the largest waterfront communities within Harbor Islands at Harborside. Potential residents can choose from 86 waterfront & non waterfront one and two-story floor plans in the price range of $1,000,000 to $3,000,000. The floor plans of the residences, built between 1999-2001, range from 3,000-6,600 square feet and include 3-5 bedrooms with 2.5-4.5 bathrooms and 2-3 car garages.

Harborview at Harbor Islands:

Harborview at Harbor Islands is a Mediterranean-style townhome community containing 84 townhomes and villas with interlocking brick paver driveways, entry walks & patios in custom-blended shades as well as street address plaques composed of ceramic. Potential residents can choose from a variety of waterfront and non-waterfront one and two-story floor plans priced between $485,000 and $1,200,000. Some have deeded docks, while others have street or poolside views. The floor plans of the townhomes and villas, built between 1999-2001, range from 1,770-3,350 square feet and include 2-4 bedrooms with 2-3.5 bathrooms and 1-2 car garages.

The Estates at Harbor Islands:

The most exclusive waterfront living in Harbor Islands, this is why it is named  The Estates. It is very seldom when there is a home for sale in The Estates.  Buyers can choose from 27 waterfront homes with deeded docks  and only one dry lot in the community, price range are from $2,300,000 to $5,000,000. The floor plans of the residences range from 3,875-9,400 square feet and include 4-7 bedrooms with 3.5-7.5 bathrooms and 2-4 car garages and all built between 1999-2002.

Scott Patterson
Harbor Islands & Hollywood Florida Real Estate