Miami Beach Real Estate Category

Where are the “Green” Homes?

Category: Luxury Real Estate, Miami Beach Real Estate, Real Estate News, South Florida Real Estate, South Miami Real Estate and posted on April 23rd, 2012

2020 Alton Road Render (from http://www.bobvila.com & The Florida Green Home Design Group)

2020 Alton Road Render (from http://www.bobvila.com & The Florida Green Home Design Group)

Inspired by Earth Day this past weekend, I started looking up “green” homes in Miami to showcase on the blog. After a few minutes of searching I found that eco-friendly homes are still a relative rarity in South Florida. When the housing market stalled, so did many construction projects including green developments. If you search a bit you can find examples of homes or buildings remodeled to be more efficient but in general the Miami market is lacking in LEED or Energy Star certified homes.

The US Green Building Council established the LEED standard to measure and rank sustainable buildings. LEED is the most popular sustainability standard in use today. There are 4 levels, of which Platinum is the highest. Platinum certified homes and buildings are the gold standard of sustainability and can approach “net-zero” energy utilization, meaning that the buildings produce as much energy as they consume.

Interesting fact: There are only two LEED Platinum certified homes in Miami – one on Miami Beach and the other is in South Miami. As the sustainability movement gains momentum the number of LEED certified homes in Miami should surely increase.

If you’re looking for a sustainable luxury home in South Florida, we can help you find eco-friendly options. Give us a call at 305.520.5420 to get started!

posted by Steve Gunn // Leave A Comment

First Quarter Single Family Home Sales for Miami-Dade

Category: Market Updates, Miami Beach Real Estate, Palmetto Bay Real Estate, Pinecrest Real Estate and posted on April 6th, 2011

The most expensive home to sell in Q1 in Miami. Located on Mashta Drive, Key Biscayne

The most expensive home to sell in Q1 in Miami. Located on Mashta Drive, Key Biscayne

Q1 Single Family Home Sales in Miami-Dade:

Almost all of the closed sales that occurred in Miami-Dade are in for the first quarter of 2011. The number of single family homes sold is up 13% over Q1 of 2010 and up 129% from the first quarter of 2008. The lowest price homes are still far outpacing the rest of the market with 90% of sales going for less than $500,000 and only 3.7% over $1 million.

Below are more detailed Q1 stats for much of the county. Pricing varies a great deal by area, but two of the overall hot spots in the first quarter were Miami Beach and Key Biscayne.

If we didn’t include the area where you live, just give us a call – we’d love to hear from you and give you the scoop in person.

Year-over-year comparisons of Miami real estate Q1 2011 to Q1 2010

Coconut Grove:

  • # of homes sold: Up 40%
  • Avg sale price/sq ft: Down 13%

Coral Gables:

  • # homes sold: Down 8.6%
  • Avg sale price/sq ft: Down 9.5%

Key Biscayne: (One of the brightest spots in the market!)

  • # homes sold: Up 100%
  • Avg sale price/sq ft: Up 16%

Miami Beach:

  • # homes sold: Up 19%
  • Avg sale price/sq ft: Down .5%

Palmetto Bay:

  • # homes sold: Up 47%
  • Avg sale price/sq ft: Down 8%

Pinecrest:

  • # Homes sold: Down 8.6%
  • Avg sale price/sq ft: Down 5.4%

posted by Lani K Drody // Leave A Comment