In June 2009, sales of homes priced more than $1 million totaled 41 in Miami-Dade County, up from the anemic sales of only nine homes in January. Similar gains were seen in Broward County as well, according to the front page of the Miami Herald (8/2/09).
Realtors in the ultra-luxury market are seeing a return of wealthy foreign buyers, as well as locals now willing to trade up once again. Prices in the upper brackets have declined only 14 percent in Miami-Dade from the 2006 peak, as compared with a whopping 50 percent for the market as a whole. Availability of credit is seen as part of the reason for the increased sales. However, since many buyers pay cash for expensive properties, the more significant reason for the uptick is improved buyer confidence over the state of the economy.
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Jane and Jean-Marie (John) Losson +1-305 924 0262
Esslinger-Wooten-Maxwell, Inc. Realtors, Inc.
Amidst all the news reports chronicling the unemployment numbers, an article in the Miami Herald’s business section relates the return of big projects to the area. (July 20, 2009) “Turning the Corner, Multimillion-Dollar Deals Start Flowing Again in South Florida.”
“….many of South Florida’s top lawyers, investors, developers and investment bankers, who say that despite the recession, they are very busy putting together and closing multimillion-dollar deals.”
The deals are not only for big real estate projects, according to the paper, citing a $188 million purchase of a North Dakota wind farm by a Miami corporation. Many of the deals are focused on the supposed “recession-proof” businesses such as gambling, environmental and new energy companies, however, even South Florida’s hard-hit commercial real estate industry is starting to revive, according to executives quoted in the piece.
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Jane and Jean-Marie (John) Losson +1-305 924 0262
Esslinger-Wooten-Maxwell, Inc. Realtors, Inc.
Our mandate was to find a 2/2 with water views and parking in a newer Miami Beach or Surfside building. The budget was in the $400,000-$450,000 range. Mission impossible?
Apparently not, as our Belgian client has returned to Brussels the proud owner of a sleek Regatta (6580 Indian Creek condo which included a deeded boat slip. The unit has spectacular views of the intracoastal waterway, the Miami skyline, the mansions of Pinetree Drive and La Gorce golf course off the large terrace.
During our search we found some other great bargains. Right on the beach in Surfside, for example, we found a huge (1700 sq.ft) apartment at the Champlain Tower South with ocean views asking price in the low $500’s. It needs some refreshing, but for the right buyer it represents a solid value.
Also of interest is a 2/2 with direct ocean views in Surfside’s Bel Aire on the Ocean building, Italian kitchen and sleek design for slightly under $600,000.
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Jane and Jean-Marie (John) Losson +1-305 924 0262
Esslinger-Wooten-Maxwell, Inc. Realtors, Inc.
Il semble que cette marina avec son atmosphère envoûtante et sa situation historique soit maintenant plus accessible aux amoureux de la mer. La conjoncture économique a de fait réduit considérablement la liste d’attente dans cette marina située au plein cœur de Coconut Grove et ou les hydravions de Pan-American Sea Plane étaient basés. Avec ses 582 slips, Dinner Key est la plus importante marina de Floride, elle est ouverte à tous que ce soit pour une nuit ou pour des locations à long terme, ainsi d’ailleurs que pour ceux qui choisissent de vivre à bord. Fort différente de l’extravagante Miami Beach Marina qui paraît se spécialiser dans la clientèle des mega-yachts, Dinner Key semble attirer en majorité des amoureux de la mer qui, passionnés du bâteau, aiment y travailler ou même vivre à bord. Une ambiance fort différente.
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Jane et Jean-Marie Losson +1-305 924 0232
Esslinger-Wooten-Maxwell, Inc. Realtors, Inc.
South Beach vient d’accueillir un superbe nouveau restaurant Marocain : Ta-Zin. La communauté française de Miami et environs aime s’y retrouver.
Ta-Zin offre une authentique cuisine marocaine – avec pastillas, couscous, tagines. Ce nouveau venu parmi les restaurants de Miami Beach vous offre un superbe spectacle de danse du ventre dans une atmosphère détendue.
Nous y avons dîné un mercredi soir avec un groupe d’amis Français et avons pu apprécier une grande cuisine en plus de la chaleur de l’accueil et du superbe décor. Tout ce qui vous est servi est préparé par la maison, délicieux, surprenant et de grande qualité. Le service est irréprochable et charmant. Quelle agréable surprise!
Les prix sont plus que raisonnables pour ce niveau de qualité et cette atmosphère des mille et une nuits.
Ta-Zin – Restaurant Marocain
427 Jefferson Ave.
Tel. 305-531-8900
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Jane et Jean-Marie Losson +1-305 924 0232
Esslinger-Wooten-Maxwell, Inc. Realtors, Inc.
Isn’t it obnoxiously self-regarding to focus on “Your Transformation” — a phrase Canyon Ranch has somehow trademarked — when America has undergone a transformation into a place where vain fripperies and vulgar extravagances are met with a gimlet eye?
Read more about it in the January 18th edition of the New-York Times.
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Jane and Jean-Marie (John) Losson +1-305 924 0262
Esslinger-Wooten-Maxwell, Inc. Realtors, Inc.
As most of the country experiences record cold and generally miserable winter weather, in South Florida we continue life with beach walks in shorts and flip-flops.
With home prices in some sought-after areas of Miami rolled back to 2003 levels, there are many affordable choices for those promising themselves not to spend another winter in the cold. For your viewing pleasure we send along three options in close-in Miami suburbs at astonishingly reasonable prices.
Take a look at the attached listings.
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Jane and Jean-Marie (John) Losson +1-305 924 0262
Esslinger-Wooten-Maxwell, Inc. Realtors, Inc.
There are some positive signs in the Miami area housing market statistics. In the highly sought- after Miami Shores/ Morningside zip code (33138), the trendlines show a drop in inventory of single family homes of nearly 15 percent from October 2007 to December 2008. The number of properties sold over the same period rose by 140 percent and the pending sales rose 200 percent. The increased sales activity can be traced to major price declines. The average sales price of a single family home in 33138 declined from $524,000 to $332,000, a decrease of 64 percent.
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Jane and Jean-Marie (John) Losson +1-305 924 0262
Esslinger-Wooten-Maxwell, Inc. Realtors, Inc.
