Pinecrest Home Sold To Heat’s “Birdman”
October 18, 2013
Coral Gables Home Sold: 660 Davis Road
October 28, 2013

Miami Real Estate: Cash Is King

Cash is KingThe hot Miami real estate market was featured on the front page of the Miami Herald today. The headline touted that September homes sales and prices increased.

According to the newspaper, “Miami-Dade — ground zero during the real estate bust — has now chalked up 27 consecutive months of year-over-year price increases for condominiums and 22 months of year-over-year price increases for single-family homes.”

September sales continue to be fueled by foreign investors and cash transactions. The majority of Miami condo sales in September were all cash deals – 71% in fact!

In our little slice of paradise, namely Coral Gables, Coconut Grove and nearby areas this general trend is consistent. Our high-end luxury sales tend to be cash transactions. If you are looking in this area but disheartened by getting outbid by cash buyers, contact me. I have savvy lending partners and together we’ll secure your ideal home.

As a top producer with over 20 years experience, I invite you to contact me if you are interested in listing your Coconut Grove or Coral Gables home for sale. Thinking of buying a Coral Gables or Coconut Grove real estate? Benefit from the Strength of My Experience and call me today: 305.710.1010.