Friday, December 25, 2015
Thursday, December 3, 2015
WHY REAL ESTATE MARKET CONDITIONS MATTER!
A Comparable Market Analysis (CMA) can tell you what buyers recently paid for homes similar to yours, but that's not all you need to know to choose the right listing price. You need to know the market's appetite for your home, and that can only come from an overview of your community's current market conditions.
Market conditions are like a weather report; it helps you predict what the current crop of buyers will do. Using this knowledge, you can price your home to sell quickly, and for the most money possible.
Why is a quick sale important? The right price generates a bumper crop of buyers. If you price your home too high compared to other similar homes, you'll appear to be testing the market. Buyers will assume that you're going to be too difficult in negotiations.
Here's what you need to know - what kind of a market are you in? Market conditions are formed by buyer attitudes, made sunny or cloudy by jobs, incomes, mortgage interest rates, and overall consumer confidence.
It's possible that your community could have buyer's and seller's markets simultaneously. For example, your neighborhood may be hot, while the subdivision a mile away is stone cold.
A seller's market is characterized by confident buyers, short "days on market" and low inventory levels of less than six months on hand. This usually results in rising prices.
A buyer's market is characterized by longer "days on market," and high inventory levels of seven months' supply or more. To get buyers to come in from out of the storm, sellers must offer incentives such as seller-paid closing costs or lower prices.
The market conditions will tell you the long and short-term trends. If the market is heating up, you can ask a little more for your home. If the market is cooling, you may need to price your home slightly under the market in order to attract more buyers.
One thing you absolutely should never do is ignore market conditions. It's said the market is always right. If you price your home too high, you'll know when you get few to no showings.
That's why it's important to ask your real estate agent for occasional market updates as well as a fresh CMA. You'll get a better idea of what your home will sell for and how long it will take to sell.
Lazaro Lopez, PA
Fortune Int'l Realty
(786) 525-9430
http://www.AventuraPropertiesGroup.com
http://www.LazaroLopez.com
http://www.MiamiPropertyConsultant.com
Residential & Commercial Realtor® at Fortune International
1390 Brickell Ave, Suite 104, Miami, Florida 33131
(Ref:http://lazarolopez.realtytimes.com/consumeradvice/sellersadvice1/item/40266-why-real-estate-market-conditions-matter)
Monday, November 23, 2015
Wednesday, November 11, 2015
At Least 30 Retailers Have Now Signed Deals To Open At Brickell City Centre!
Brickell City Centre remains on track to open at the end of 2015, and announced a dozen new retailers for the mall:
The list includes coveted luxury brands, international household names, local favorites and first-time Miami flagships.
Acqua di Parma – A niche Italian perfume company that also sells skincare, leather goods and a home collection. It will be opening its first brick-and-mortar Miami store at Brickell City Centre.
IRO – A French fashion label with a cult following among the fashion elite and celebrities, the sleek street-style apparel store is opening its first flagship in Miami. It currently has locations in New York andCalifornia.
Stuart Weitzman – A leader in luxury designer footwear, the U.S. label is a regular on the red carpet and is currently sold in more than 70 countries.
Coach – The New York-based handbag titan, which recently added women’s ready-to-wear apparel, will open its fifth Miamilocation.
Porsche Design – Porsche’s high-end lifestyle label, which sells ready-to-wear pieces for women and men, handbags and accessories, is opening its third store in Miami.
Michele Lopriore – A bespoke Italian women’s shoe designer whose store at Brickell City Centre will be its first U.S. outpost after decades of success in Europe and abroad.
Mirto – The leading Spanish tailor made famous for its quality men’s shirts with menswear and womenswear sold in 25 countries around the world. This will be Miami’s first Mirto.
Adolfo Dominguez – An elegant Spanish apparel brand for men and women that first opened its doors in Madrid and has since expanded to major fashion capitals around the world.
Capritouch – An Italian footwear company where shoppers meet with cobblers to design custom sandals, including an option to add Swarovski crystal embellishments. The one-of-a-kind sandals are crafted by skilled artisans from the original shop, which is located on the Island of Capri.
Santa Maria Novella – The oldest surviving pharmacy in the world,Florence-based Santa Maria Novella sells hand-made skincare, body care and fragrance products that trace back to its original medicinal roots inItaly.
Diptyque – A Parisian retailer selling luxe home and body fragrances. This will be its first stand-alone store in Florida.
Nest Casa – A Miami-based showroom by proprietor and former modelSara Colombo, which sells a curated collection of luxury home décor and accessories.
Luxury brands will be located throughout the street-accessible first floor of Brickell City Centre’s retail component. Others will open on the second and third floors, emphasizing premium and contemporary retailers along with a mix of beauty, home decor, jewelry, apparel and other stores.
Brickell City Centre will offer a unique vertical shopping experience, a successful shopping model common in international cities and well-recognized by global travelers.
“Brickell City Centre provides a unique retail offering to an underserved international destination that caters to the part-time resident, visitor market and growing business community,” said Debora Overholt, senior retail director at Swire Properties. “There’s no denying the need for shopping, dining and entertainment options in one of Miami’s densest areas.”
“This curated mix of tenants meets the diverse demand of our visiting, local and daytime business customers and will secure Brickell’s new role as a world-class flagship destination for successful global luxury brands,” said Courtney Lord, vice president of leasing for Whitman Family Development.
“We are proud to be bringing onboard these new international brands, many of which have experienced overwhelming success abroad and see Miami as the perfect entry city for their North American debut,” said Sharon Polonia, executive vice president of leasing at Simon.
The shopping center will seamlessly connect with Miami’s key transportation nodes. Swire Properties is incorporating a Miami Metromover stop that exits directly into the shopping center’s third floor to allow easy and convenient access. The shopping center will ease vehicle movement with an expansive two-story underground carpark that traverses streets in the lower level.
The newly revealed brands are fifth in a series of retail announcements for the$1.05 billion mixed-use project. Luxury brands Valentino and Chopard were announced earlier this summer followed by contemporary brands Lululemon, Harmont & Blaine,Cole Haan, Illesteva and OndadeMar, and eateriesPubbelly Sushi, Pasion del Cielo, Quinto La Huella and Sugar. In August, Swire revealed Ted Baker, Agent Provocateur,100% Capri, Addict,Vilebrequin and APM Monaco. Most recently announced was Giuseppe Zanotti, La Perla, Bally and Kiton.
Leading luxury retailer Saks Fifth Avenue has signed as Brickell City Centre’s anchor tenant and will occupy three floors of the shopping center with street-level access. Brickell City Centre’s two condominium towers, two Class A office buildings, including one almost entirely leased by international law firm,Akerman, and its EAST, MiamiHotel, will also act as anchors for the shopping center, along with a luxury dine-in theater Cinemex.
The condominium, office, and hotel component at Brickell City Centre are set for completion beginning end of 2015.
(http://bit.ly/1MKOH3C) #BrickellCityCentre
Tuesday, October 6, 2015
New Developer Showcase!
Lazaro Lopez - Real Estate Buyer's Agent
1390 Brickell Ave Suite 104 Miami, FL. 33133
Buying, Selling, Investing? Let my Professional Expertise work for you!
New Development Showcase
About me:
I am a Buyer's Agent, specializing in Pre-Construction, Waterfront Luxury Homes and Luxury Condominiums in South Florida.
Specialties
New Construction
Luxury Waterfront Homes
Luxury Waterfront Condominiums.
Friday, September 18, 2015
4 riverfront towers of 58 to 60 stories likely...
Another billion-dollar development is poised to change Miami in a big way and has garnered preliminary approval from city commissioners.
Called simply Miami River, the mixed-use project would bring hotel rooms, apartments, retail stores, restaurants and offices to the southern bank of the river that meanders through the heart of the city.
The developers promise a big and beautiful public riverwalk and an improved city park, and say the project will connect booming Brickell with historic Little Havana.
City commissioners on Sept. 10 unanimously granted preliminary approval to three ordinances sought by Miami River developers, CG Miami River LLC.
The ordinances would:
•Amend policies of the “Interpretation of the 2020 Future Land Use Map” and “The 2020 Future Land Use Map Series” of the city’s comprehensive plan to establish the Miami River Residential Density Increase Area permitting up to 400 dwellings per acre.
•Allow the area to be master planned for greater integration of public improvements and infrastructure and greater flexibility as part of the Miami River Special Area Plan (SAP).
•Authorize the city manager to enter into a development agreement for the Miami River SAP.
The planning and zoning department recommended approval of all items, allowing Miami River to move forward.
The project promises to bring new life to mostly vacant land just east of I-95. The development is planned for an area bordered on the north by the river, on the south by Southwest Seventh Street, on the west by Southwest Third Avenue, and on the east by Southwest Second Avenue.
Along with its size – four towers 58 to 60 stories tall on 6.2 acres – this project stands out because the City of Miami is a partner.
As part of the proposed Special Area Plan under the Miami 21 zoning code, Jose Marti Park would become a part of Miami River.
That would result in an extension of the riverwalk west and under I-95, and improvements to the city park. A deal struck with CG Miami River LLC also ensures the public riverwalk will be extended east under the Second Avenue Bridge and past neighboring condo tower Latitude on the River.
The proposed SAP consists of a phased project divided into five parts that include 4,181,087 square feet of development consisting of 1,678 residential units, 330 lodging units, 66,541 square feet of office space, 176,350 square feet of commercial uses, 2,376 parking spaces, 17 boat slips, at least 35,964 square feet of civic space and at least 15,175 square feet of open space.
The city’s Urban Development Review Board and the Miami River Commission recommend approval of the large mixed-use project, with conditions.A final vote may come in late October.
(Ref. http://www.miamitodaynews.com/2015/09/15/4-riverfront-towers-of-58-to-60-stories-likely/)
Called simply Miami River, the mixed-use project would bring hotel rooms, apartments, retail stores, restaurants and offices to the southern bank of the river that meanders through the heart of the city.
The developers promise a big and beautiful public riverwalk and an improved city park, and say the project will connect booming Brickell with historic Little Havana.
City commissioners on Sept. 10 unanimously granted preliminary approval to three ordinances sought by Miami River developers, CG Miami River LLC.
The ordinances would:
•Amend policies of the “Interpretation of the 2020 Future Land Use Map” and “The 2020 Future Land Use Map Series” of the city’s comprehensive plan to establish the Miami River Residential Density Increase Area permitting up to 400 dwellings per acre.
•Allow the area to be master planned for greater integration of public improvements and infrastructure and greater flexibility as part of the Miami River Special Area Plan (SAP).
•Authorize the city manager to enter into a development agreement for the Miami River SAP.
The planning and zoning department recommended approval of all items, allowing Miami River to move forward.
The project promises to bring new life to mostly vacant land just east of I-95. The development is planned for an area bordered on the north by the river, on the south by Southwest Seventh Street, on the west by Southwest Third Avenue, and on the east by Southwest Second Avenue.
Along with its size – four towers 58 to 60 stories tall on 6.2 acres – this project stands out because the City of Miami is a partner.
As part of the proposed Special Area Plan under the Miami 21 zoning code, Jose Marti Park would become a part of Miami River.
That would result in an extension of the riverwalk west and under I-95, and improvements to the city park. A deal struck with CG Miami River LLC also ensures the public riverwalk will be extended east under the Second Avenue Bridge and past neighboring condo tower Latitude on the River.
The proposed SAP consists of a phased project divided into five parts that include 4,181,087 square feet of development consisting of 1,678 residential units, 330 lodging units, 66,541 square feet of office space, 176,350 square feet of commercial uses, 2,376 parking spaces, 17 boat slips, at least 35,964 square feet of civic space and at least 15,175 square feet of open space.
The city’s Urban Development Review Board and the Miami River Commission recommend approval of the large mixed-use project, with conditions.A final vote may come in late October.
(Ref. http://www.miamitodaynews.com/2015/09/15/4-riverfront-towers-of-58-to-60-stories-likely/)
Subscribe to:
Comments (Atom)