How is the Housing Market? Opinion

I've been getting a lot of phone calls lately from possible investors with anticipation on the housing market taking a severe hit. It feels like everyone continues to wait for 2008 to happen all over again. I am writing to tell you it won't.

This crisis is different from the mortgage and financial crisis we had over a decade ago. Yes, there are many people being laid off as approximately 3.3 million Americans have filed for unemployment. And yes, this in turn has taken some buyers (approximately 37% according to a March poll from the National Association of Realtors) out of the hunt for a home. But just as many buyers that have removed themselves from the market, there is also close to the same amount of sellers that have done the same.

Basic economics tells us all that the higher the supply or inventory, vs the demand there is, the lower the sales price. This is what happened in 2008-2010; most people purchased (unqualified for the loan they were obtaining) with the intention of selling again within months or a year. The market got saturated with inventory, people held on to their properties for longer than they anticipated unable to afford the payments required...and we all know what happened from there.

In today's crisis, there still appears to be an equal balance of sellers and buyers, keeping prices fairly steady. My message remains the same if you are a buyer: stay the course, count on your realtor to send you videos of the homes you are interested in, go through the process of elimination from the comfort of your own living room and go see the homes that really interest you once you have narrowed down your list. If you are a seller: stay the course; the unmotivated sellers will withdraw their listings from the market allowing less inventory to choose from, while the motivated buyers remain on the search for their dream home, and it could be yours!

For a free virtual consultation and to discuss your real estate vision, please do not hesitate to contact the husband and wife real estate duo.

This update is brought to you by Jon Gilman, a specialist in Coral Gables homes for sale. Whether you’re interested in buying a condo in Coral Gables or a single-family home in Coral Gables, or in the surrounding Miami areas like Pinecrest, South Miami, Schenley Park, and Downtown Dadeland contact Jon to assist you in discovering why the city is among the most valuable and in-demand in South Florida. Call 786.486.9560 for any questions on Coral Gables Real Estate.


Adapting to Change

We are all going through unusual times and we are focused and determined to adapt to the changes proposed to our workforce and our daily lives. Being in the real estate industry we are used to being face to face with people on a daily basis; with other realtors, with sellers to discuss the value of their home, with buyers to show homes and write up offers and, with all parties including lender, title company, attorney at our favorite table: the closing table.

Times have changed now where technology must be utilized more than ever. To keep up with today's social distancing methods for the greater good of the world we are providing virtual open houses and virtual tours of our listings to go with floor plans. Our listings also have an electronic lockbox where only agents can provide access to their clients in order to minimize unnecessary gatherings.

Please click on the link below to preview a home tour of a house we just put on the market at:

9421 SW 88th Ter Miami, FL 33176

For marketing our listings we provide these virtual tours on multiple websites and Coldwell Banker lists their properties for sale on hundreds of different websites across the globe.

Although we are adapting to change our job remains the same: to make a concerted and proactive effort in taking all measures possible in letting the entire world know that we have a house for sale.

This update is brought to you by Jon Gilman, a specialist in Coral Gables homes for sale.  Whether you’re interested in buying a condo in Coral Gables or a single-family home in Coral Gables, or in the surrounding Miami areas like Pinecrest, South Miami, Schenley Park, and Downtown Dadeland contact Jon to assist you in discovering why the city is among the most valuable and in-demand in South Florida.  Call 786.486.9560 for any questions on Coral Gables Real Estate.


Finding the Right Real Estate Agent

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When it's time to buy or sell a home or condo, a crucial step in the process is finding the right real estate agent.  Working with the right agent can mean more money in your pocketbook, your home spending less time on the market, and an overall buying or selling process filled with fewer headaches.  Considering the many different real estate agents that are out there, how do you find the right one?

For starters, you'll probably want to approach the agent you're considering as if you were conducting a job interview.  Ask all necessary questions, take a moment to evaluate more than one agent, and don't make any final decisions until you've fully vetted the person you feel is best.  Remember that your needs and goals are entirely unique, so pay strict attention to how the agent is communicating with you.  If he or she is treating you like just another generic client, it's probably better to move on with someone willing to give you personalized services.

Particularly when selling your home, time is of the essence.  Talk with your prospective real estate agent to see what marketing plan or strategy they have in place to help you sell your home.  The bulk of marketing will probably be done online, as print has become less of a viable medium.

This update is brought to you by Jon Gilman, a specialist in Sunny Isles condos for sale.  Whether you’re interested in buying in Jade Beach, Jade Ocean, or would like to explore a Sunny Isles Beach rental, contact Jon to assist you in discovering why the city is among the most valuable and in demand in South Florida.  Call 786.486.9560 for any questions on Sunny Isles real estate.


The Palazzo Del Sol Penthouse

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One of the priciest neighborhoods in all of the United States is Fisher Island.  A highly affluent community near Miami Beach, it is perhaps the most private community in South Florida.  Residents and island visitors must use the ferry to get on and off the island as there is no traditional means of roadway access.  With its high-value real estate and notable residents like billionaire Oprah Winfrey, Fisher Island provides one of the finest living experiences in the country.

The ten-story Palazzo Del Sol is among the most recent Fisher Island developments.  It encompasses a little over seven acres and has 47 unbelievably elegant units.  Today we're taking a look at its penthouse, boasting over 9,500 square feet of living area with seven bedrooms and bathrooms.  Features in this incredible Fisher Island home include a summer kitchen, a rooftop pool, a jacuzzi, and two-level terraces.

Amenities for Palazzo Del Sol include but are not limited to a high-end fitness center, private massage rooms, a “Kidville” play room, poolside cabanas, and entertaining lounge.  Fisher Island itself has a school, restaurants, a beach club, tennis courts, and more.

This update is brought to you by Jon Gilman, a specialist in Sunny Isles condos for sale.  Whether you’re interested in buying in Jade Beach, Jade Ocean, or would like to explore a Sunny Isles Beach rental, contact Jon to assist you in discovering why the city is among the most valuable and in demand in South Florida.  Call 786.486.9560 for any questions on Sunny Isles real estate.


Early Sales Success at 400 Sunny Isles

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Last month, Sunny Isles Beach saw another project completion, the fourth one in 2015.  The 400 Sunny Isles condo is a pair of 21-story condominiums featuring a total of 230 units.  Sales began on December 8th and since then at least forty units within the project have been sold, achieving $33 million in sales.  During the month, there were fourteen units listed at a price of $1.5 million, or about $685 per square foot.

Sunny Isles Beach was one of the most popular seaside destinations in South Florida last year, attracting a major influx of local and international buyers.  It was the fourth most active market located east of Interstate 95, bested by Downtown Miami, Hollywood-Hallandale Beach, and the downtown area of Fort Lauderdale in Broward County.  Right below Sunny Isles Beach was the city of Aventura, located next door to Sunny Isles Beach to the west.

There are five additional buildings expected to emerge within Sunny Isles Beach soon.  As for 400 Sunny Isles, the units have one, two, three, or four bedrooms.  Amenities include a wet and dry dock marina, a beach club with a restaurant, an infinity edge pool plus an Olympic-style pool, jacuzzi, tennis courts, a water activities center, and much more.

This update is brought to you by Jon Gilman, a specialist in Sunny Isles condos for sale.  Whether you’re interested in buying in Jade Beach, Jade Ocean, or would like to explore a Sunny Isles Beach rental, contact Jon to assist you in discovering why the city is among the most valuable and in demand in South Florida.  Call 786.486.9560 for any questions on Sunny Isles real estate.


VIDA at the Point Set to Begin Construction

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One of the hottest markets in South Florida is the city of Aventura, which has seen a tremendous amount of new condominium projects announced in recent years like Echo Aventura, Bellini, Prive, and more.  One of the latest projects set to join the ever-growing list is VIDA at the Point, a waterfront condo expected to begin construction later this month after successfully achieving fifty percent of its sales target.

Unlike some of the other projects, VIDA at the Point is a much smaller building comprised of just six units.  These six residences are expected to have between 3,260 to 3,717 square feet of living area and will have three or four bedrooms plus four or five bathrooms.  Select units are also expected to have a terrace on the rooftop and an elevator.  All six units will have an optional boat slip capable of accommodating yachts up to ninety feet and they will each have custom finishing courtesy of Interiors by Steven G.  Other features include Italian kitchen cabinetry and porcelain floors.

VIDA at the Point will share its amenities with those of The Point community.  These amenities include a restaurant, fitness facility, a trio of swimming pools, playground, a quartet of tennis courts, and a spa spanning over 20,000 square feet.  The building is being designed by KZ Architecture.

This update is brought to you by Jon Gilman, a specialist in Sunny Isles condos for sale.  Whether you’re interested in buying in Jade Beach, Jade Ocean, or would like to explore a Sunny Isles Beach rental, contact Jon to assist you in discovering why the city is among the most valuable and in demand in South Florida.  Call 786.486.9560 for any questions on Sunny Isles real estate.


Casa Clara in the Venetian Islands

casaClaraAlthough it's currently closed, many people have traveled on the Venetian Way to get between Miami and Miami Beach.  The roadway intersects all six of the Venetian Islands and one of these islands is Di Lido Island.  The longest in terms of its width, it's nestled between Rivo Alto and San Marino Island.  Like the rest of the islands, the waterfront Di Lido homes for sale are among the finest properties, maintaining the same degree of allure as the rest of the neighboring islands belonging to Miami Beach.

Casa Clara is one of the finest homes on Di Lido Island.  Located on the southwestern side of the island, the seven bedroom, nine bathroom property sits on a large lot spanning over 20,000 square feet and the home itself provides 11,500 square feet of living area.  Beautiful vistas of Biscayne Bay, a tropical modern design, these two qualities only hint at the Casa Clara's incredible living experience.  Some of its features also include a pool, marble flooring, a lush garden, and much more.

The Adrienne Arsht Center for the Performing Arts, the Miami Beach Convention Center and Lincoln Road Mall are two places near Casa Clara and the Venetian Islands.

This update is brought to you by Jon Gilman, a specialist in Sunny Isles condos for sale.  Whether you’re interested in buying in Jade Beach, Jade Ocean, or would like to explore a Sunny Isles Beach rental, contact Jon to assist you in discovering why the city is among the most valuable and in demand in South Florida.  Call 786.486.9560 for any questions on Sunny Isles real estate.


Aventura Welcomes the Avva Residences & Marina

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The city of Aventura remains a favorite when it comes to condominiums.  From the various buildings on popular Turnberry Isle to the newer projects like Echo, Aventura real estate continues to grow with new projects.  One of the latest to launch sales is the Avva Residences & Marina, a five-story luxury waterfront building comprised of just five units.

Unlike larger condominiums, there will only be a single unit on each floor of the Avva Residences & Marina available with three or four bedrooms.  Each of these units will have just over 5,000 square of interior space and they will also have a terrace that's 1,123 square feet with a summer kitchen.  The prices for these units will range from $3.15 million to $4.25 for the building's penthouse.

Besides the large terraces,  Avva Residences & Marina will also have a pool on the rooftop, a yacht slip for each unit capable of accommodating vessels up to eighty feet in length, and interiors by renowned designer Steven G.  Other amenities include a playground for children and a fitness facility.  The building will also be pet friendly.

Avva Residences & Marina will be located at 20605 Northeast 34th Avenue.

This update is brought to you by Jon Gilman, a specialist in Sunny Isles condos for sale.  Whether you’re interested in buying in Jade Beach, Jade Ocean, or would like to explore a Sunny Isles Beach rental, contact Jon to assist you in discovering why the city is among the most valuable and in demand in South Florida.  Call 786.486.9560 for any questions on Sunny Isles real estate.


The Past and Future of South Florida Real Estate

sunnyIslesWe will soon be saying goodbye to 2015 and welcoming a new year for the South Florida real estate market which is sure to bring exciting new prospects.  New condominium developments, buyers from all walks of life, and sales successes are just a few of the eagerly anticipated things that will be happening in 2016.  For now, let's look back and see what developments were in store for 2015 and where the market is now.

Sunny Isles Beach was anticipated to see lots of activity and based on all of the recent projects announced, it is indeed the case.  The Villa Acqualina for example is the amenities complex of the upcoming Estates at Acqualina project and it encompasses over 40,000 square feet.  One of the major highlights of the complex is its “Circus Maximus”, boasting an ice skating rink plus bowling lanes and a movie theater.

New units have sprung up all over the place in South Florida.  Back in 2014, it was expected that there would be over 6,000 new units constructed east of I-95, with 5,400 of those being built in the city of Miami.  Of the lofty projection announced, eight percent of them have been completed.

This update is brought to you by Jon Gilman, a specialist in Sunny Isles condos for sale.  Whether you’re interested in buying in Jade Beach, Jade Ocean, or would like to explore a Sunny Isles Beach rental, contact Jon to assist you in discovering why the city is among the most valuable and in demand in South Florida.  Call 786.486.9560 for any questions on Sunny Isles real estate.


Incredible Star Island Home

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Just before you enter Miami Beach, you're going to find a series of islands that are manmade.  If you've driven through the MacArthur Causeway or admired the view from one of the Miami high-rises, chances are you've spotted a few of these islands.  Among them is Star Island, a neighborhood that, as you might guess from its name, maintains a high degree of desirability among celebrities and public figures you may be familiar with.  Gloria Estefan and her husband Emilio, actor Don Johnson, Sean “Diddy” Combs and former professional basketball player Shaquille O'Neal are just a sample of the many names that have chosen to live in Star Island, or once called it home.

If you would like to experience Star Island yourself, there is an incredible property for sale known as 1 Star Island Drive.  The property is a seven bedroom, eight bathroom estate found among a stunningly massive 58,332 square foot corner lot.  Exploring this lot you're going to notice the elegant two-story Floridian villa and its open verandas plus a separate guesthouse that offers plenty of privacy for when you happen to have visitors staying at this enchanting estate.  Some of the features include a private dock, a resort-style pool, and some of the most captivating waterfront and sunset views in South Florida.

This update is brought to you by Jon Gilman, a specialist in Sunny Isles condos for sale.  Whether you’re interested in buying in Jade Beach, Jade Ocean, or would like to explore a Sunny Isles Beach rental, contact Jon to assist you in discovering why the city is among the most valuable and in demand in South Florida.  Call 786.486.9560 for any questions on Sunny Isles real estate.