Market shift: how could affect the value of your home in Miami.

Market shift: how could affect the value of your home in Miami.

Sunny Isles Beach, Fl. “Median home price is higher that it has ever been in the history of recorded time — last time we were here we were on the verge of a recession” dramatically affirmed Gary Keller, founder of the larger real estate company in the US, Keller Williams. 
“It wouldn’t take much right now to push us into a buyer’s market.”
Keller previously predicted the 2008 crisis with accuracy and even wrote a book about how to tackle the debacle: "Shift".
At a "Mastermind" gathering, Gary Keller said that, “we are now seeing many markets split by price point. Entry-level homes remain in a seller’s market, but some luxury and move-up markets show signs of shifting.”

Factors affecting the market.

According to Keller, "low interest rates and an improved employment picture are good news. But affordability has been declining since January as prices continue to outpace wage growth, hurting home sales. Construction has been focused on the high-end market, which is now showing signs of stress as high net worth buyers sit on the sidelines due to political and economic uncertainty here and abroad."

What to do: 

Every case is different and many factors may affect a decision. It is normal for any market to have adjustments both in sales as in rentals. And as in any other product, price is limited by affordability: how much a buyer or a tenant is able to pay.
We can provide you with a tailored manual to make the right decision about selling your Miami home.
Contact us now for a confidential analysis at (786) 505 4007 or just send us a message clicking here.

Monday, August 15, 2016 | Read more...
Fernando's report: Market conditions this week for Sunny Isles Beach, Golden Beach and adjacent areas..

Fernando's report: Market conditions this week for Sunny Isles Beach, Golden Beach and adjacent areas..

Sunny Isles Beach, FL. Market conditions in real estate for the Sunny Isles Beach - Golden Beach Area seem to be settling after four long months of price re-accommodation.
A perfect storm was caused basically by unforeseen electoral campaign scares, the disappearance of high output markets as Brazil and natural adjustment forces. The market was near a complete halt after years of flourishing increase.

The week in numbers.

100 Bayview Dr. # 1907
just sold for $ 470,000.
The last 7 days were marked by intense "end of the month" activity, Sunny Isles Beach-Golden Beach had 46 "Price decrease" properties, 31 "New listings" and 35 "Expired". Only 14 properties
went "Pending Sale". Just 9 were entered as "closed". This could configure a "buyers market" and a great opportunity for buyers with fat wallets to really make a good deal in the area.
No rentals were executed during the week, what marks clearly that most of rentals are way above the spending capability of the average family in the area.

What is affecting the market.

True to be told, there is plenty of credit money for local buyers. Low rates and even 1 % down payment plans are available. The fact is that the intense political threats provided by presidential candidates  caused a substantial "brain froze" in usually active purchasers. The locals, entered on a  "postponing of long term decision" state of mind, that hopefully will end after November.
Our beloved foreign investors, usually more trained dealing with political instability, also watch with caution the announcements of "border walls" construction and banning of entire religions, wondering how much of that is pure demagogue noises and also how could that affect their investments. So they are also on hold too, at least for now.

Segments in motion.

Believe it or not, the segment below $ 200K in adjacent areas is ON FIRE. Some houses receiving as much as 20 offers within 48 hrs.
Young purchasers are getting tired of burning their money in rent and decided to step up. Some of them even venturing as landlords in the multifamily market.
In this segment. inventory is getting sold before showings happens, even in what used to be called "ugly houses". Not so ugly anymore. More like hot doughnuts with chocolate on top.
New ownership usually brings improvement to the area in the years to come. So we should expect that areas like Golden Glades, North Miami Beach and Miami Gardens Dr. will have a positive impact out of this almost free money bonanza.
If you are in this segment of the market, prepare for real bidding wars and paying at least 10 % above asking price.
Have a great week!

Fernando Pettineroli



Wednesday, July 06, 2016 | Read more...
Prive  New private Island in Aventura is growing fast.

Prive New private Island in Aventura is growing fast.

Aventura, Fl. Construction is advancing fast at Prive. Watch photo of Prive.

Saturday, June 25, 2016 | Read more...
Keep kids safe on pools this summer.

Keep kids safe on pools this summer.

Sunny Isles Beach, Fl. Florida is a pool paradise and also one of the most targeted areas in the world for pool safety standards.
Please keep your eyes at all times on your kids while they are having fun in the water. It takes real commitment in caretakers to keep their eyes on the kids at all times.
As every year since 2012, we will be contribuiting with #PoolSafely campaign in the Sunny Isles Beach area, to help prevent accidents in the water.
This video remind some important tips.

http://www.wusa9.com/news/local/tips-to-keep-kids-safe-in-the-pool/219333890


Monday, June 13, 2016 | Read more...
Sunny Isles Beach. Ocean front annual turnkey rental. Only $ 1,350/month.

Sunny Isles Beach. Ocean front annual turnkey rental. Only $ 1,350/month.

Sunny Isles Beach. BACK IN THE MARKET. This awesome annual rental just became available. Awesome studio with direct ocean view. All utilities included. Furnished. Pool. Gym. Direct beach access. Parking included in rent. Call us now at 786 505 4007 or contact us clicking here for details.
Moving costs: First month, last month, 1 month of security deposit. Association registration $ 350. Association Background check $ 25. Processing fee $ 150.










Monday, June 06, 2016 | Read more...
Last minute 6 months rental. 2 bedrooms. Furnished. Eastern Shores. $ 1,950/month.

Last minute 6 months rental. 2 bedrooms. Furnished. Eastern Shores. $ 1,950/month.

Eastern Shores. Waterfront. Remodeled. Furnished. Original tenant relocating to California. Take advantage of this awesome deal. 6 month rental. 2 bedrooms/ 2 bathrooms. Only $ 1,950.00 month. QUiet end of street surrounded by canals. NOT ON THE MLS. Courtesy of my friends at Cosmo. Call directly Fernando Pettineroli/ 786 505 4007.

All listings are subject to availability and changes without previous notice. Equal opportunity housing. All information believed accurate but not guaranteed.










Wednesday, May 25, 2016 | Read more...
725 Via Villagio, Hypoluxo, Florida. 33462. OFFICIAL VIDEO.

725 Via Villagio, Hypoluxo, Florida. 33462. OFFICIAL VIDEO.

725 Via Villagio, Hypoluxo, Florida. 33462. Official Video. Buy now with only 1 % down payment. Call (786) 505 4007.


Wednesday, May 25, 2016 | Read more...
It was about time! Miami and Palm Beach share MLS data again.

It was about time! Miami and Palm Beach share MLS data again.

Palm Beach, Fl. Finally, The Realtors Association of the Palm Beaches (RAPB) and the MIAMI Association of REALTORS (MIAMI) jointly announced that they have "reached an agreement to share Multiple Listing Service (MLS) data once again to benefit their collective members, as well as consumers."

Whatever deal was reached behind doors, this agreement ends an era of a nasty feud fight over MLS rights, that raised some questions around the money involved on the handling of Realtors data, and costed thousands to hard working agents.

"It was about time this crazy situation ended" said Fernando Pettineroli, a Realtor member of both associations. "Sellers and buyers were at the mercy of the most ridiculous stories ever heard about data sharing, basically driving them to a market condition more proper of 1975 than the 21st Century."

In the joint statement, RAPB and MIAMI expreseed that "are looking forward to a long and successful working relationship to benefit their members and customers."
Amen to that.
Friday, April 22, 2016 | Read more...
David Beckham group buys plot for the new Miami Soccer Stadium.

David Beckham group buys plot for the new Miami Soccer Stadium.

Golden Beach, Florida. One of our most notorious residents, David Beckham,  just closed a featured piece of land in Overtown, to build the new Miami Beckham United Soccer Stadium.
The lot is located at 650 NW 8th Street Click on the link to watch photos), three blocks north of the Miami River and four blocks West from I 95.
An additional purchase of public land from Miami Dade County is pending. The project includes the construction of new publi transportation stations to service the Stadium.
Congratulations, David!

Friday, March 25, 2016 | Read more...
Calvin Klein Miami Beach mansion is for sale. VIDEO.

Calvin Klein Miami Beach mansion is for sale. VIDEO.



Miami Beach, Fl. Calvin Klein has his Miami Beach mansion on the market. The waterfront mansion located at 4452 N Bay Rd., Miami Beach, Fl. 33139, of almost 6,000 sq.ft. has been completely remodeled and redecorated by the designer.

For more information, please go here http://goo.gl/0C33u5




Monday, March 07, 2016 | Read more...