BHS Miami’s Q1 2019 Market Update

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Brown Harris Stevens just released the First Quarter 2019 Market Report.  Recognized for its detailed analysis and area by area market evaluations, it has become the ‘go-to’ real estate report by both Realtors and consumers alike.

2019 is off to a great start, as the data highlights South Florida’s active and healthy real estate market with positive indicators for both Buyers and Sellers. As some areas rallied with higher sales prices, increased closings, and fewer days on market, other areas experienced mixed trends and signs of stabilization.

Notably, the Coconut Grove condo market (which includes the sale of townhouses) saw a drop in the average and median sales price, while the average price per square foot saw an increase.

Coconut Grove Condo Market Update – Q1 2019

Coconut Grove Condo Market Update - Q1 2019

As for the Coconut Grove single family home market, the median and average sales price continues to increase, and the average price per square foot continues to increase, as well.  However, the number of closings dropped from 24 in Q1 2018 to 11 in Q1 2019.

Coconut Grove Single Family Home Market Update – Q1 2019

Coconut Grove Single Family Home Market Update - Q1 2019

The full report can be viewed here: http://media.bhsusa.com/pdf/BHS-Miami-Q1-2019_Market-Report.pdf.

I invite you to explore the report and contact me to discuss real estate opportunities at any time. You can reach me directly at 305.799.2124 or Lrubens@bhsusa.com.

2018 Center Coconut Grove Sales Recap

coconut-grove-accutour-real-estate-drone-photography-7.jpgAerial view of Coconut Grove

It’s hard to believe that we are already well into 2019! The market for 3+ bedroom townhouses in Center Grove fared well in 2018, with an average sales price of $750,796.08 ($344/sq ft), and an average of 66 days on the market (note that these statistics are via MLS data and do not include off-market sales, including two of my new construction sales noted below).

Here’s a quick recap of some of my notable Center Grove sales in 2018:

– 2975 Jackson Ave., Miami, FL 33133
4 beds | 3.5 baths | 2,940 sf | built in 2018 | sold for $1,150,000

– 3150 Shipping Avenue, Miami, FL 33133
4 Bedrooms | 4.5 Baths | 4,030 SF | built in 2018 | sold for $1,700,000

– 3373 Day Ave, Miami, FL 33133
3 beds/3 baths | 2,014 sq ft | built in 2014 | asking price $799,000 | sold for $800,000

– 3035 Orange St, Miami, FL 33133
4 beds/3.5 baths | 2,881 sq ft | built in 2007 | sold for $950,000

– 3135 Gifford Ln Unit A, Miami, FL 33133
3 beds/2.5 baths | 1,430* sq ft | built in 1994 | sold for $550,000

If you’d like a more detailed analysis highlighting the sales and inventory levels of the major markets throughout Miami in Q4 2018, take a look at the Brown Harris Stevens Market Report, here.

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Just Rented in Edgewater: Bay House #2102

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600 NE 27 St. #2102, Miami, FL 33137
3 beds/3 full baths | 1,601 sf | built in 2015 | rented for $3,800/month

Congrats to my {newly engaged!} clients on scoring this gorgeous condo at Bay House in Edgewater.  This unit has 3 bedrooms, 3 full bathrooms, and a large floor plan with 1,601 square feet of living space.  One of the best parts about the unit is that it is BRAND NEW and never lived in (the building was completed in 2015).  Additionally, all of the units in the building are “flow through” meaning each residence has a sweeping, unobstructed view of the bay.  Other features include porcelain floors, fully built out closets, floor-to-ceiling windows, an oversized terrace, and a sparkling kitchen with quartz countertops, stainless steel appliances and Italian cabinetry.

Amenities at Bay House include an expansive pool deck with day beds, business center, state-of-the-art fitness center, 24-hour valet parking & security, children’s play room, and club room.  Located at 27th and Biscayne, Bay House residents can easily access the Design District, Museum Park, Bayfront Park, PAMM, American Airlines Arena,  Adrienne Arsht Center for the Performing Arts, Brickell and Downtown Miami.  The location is also a quick drive to the Miami International Airport, the Port of Miami, and Miami Beach.

Check out all of the gorgeous photos below.  For more information on buying, selling or renting a unit at Bay House or the surrounding Miami neighborhoods, contact me directly at lrubens@bhsusa.com or 305-799-2124.

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Echo Brickell Topping Off!

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Echo Brickell
1451 Brickell Ave, Miami, FL 33131

You may recall this post from nearly two years ago where I first mentioned the ultra-luxury new construction residential tower that is ECHO Brickell.  Well, time flies and this week it’s being reported that they are topping off the building at 57 stories.  In fact, you can watch it for yourself from Echo’s live camera feed on their website, here.  Pretty wild!

To refresh your memory, Echo is situated on the east side of Brickell Avenue, directly adjacent to the Four Seasons (see top image).  Developed by  Property Markets Group (PMG), Echo Brickell is a boutique luxury development with 180 units and 57 stories.  It features conceptual design by world-renowned architect Carlos Ott and interior design by yoo Studio.

Although the building is more than 90% sold out, there are a handful of penthouses remaining, including the $42 million Carlos Ott penthouse.  Other purchase opportunities in the building start at $2 million, with floor plans consisting of 2, 3 and 4 bedroom layouts.

One of the most unique features of Echo is that all units will be delivered “furniture ready” – completely finished!  This is a major difference from the standard “designer ready” model of other buildings where units are delivered with kitchens, baths, and bathroom floors, but are otherwise raw and require finishing, from lighting to paint to baseboards and floors.

Check out the stunning images below to get a feel for Echo’s unique aesthetic and luxurious finishes.  For more information about purchase opportunities at Echo, contact me directly at lrubens@bhsusa.com or 305.799.2124.

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Just Sold: 3 Bedroom Townhouse in Coconut Grove for Under $500k

a10072625_201_22 3119 Mary Street #4, Miami, FL 33133
3 bedrooms/2.5 bathrooms | 1,470 sf | built in 1993 | sold for $479,550

Congrats to my buyer on closing on this fabulous townhouse in Center Coconut Grove! This bright, 3 bedroom corner unit sold for under $500,000 which is quite rare to find in the neighborhood these days. The property is located on Mary Street in the quiet gated community of Grove Cove, which consists of 9 townhouses.

In addition to 3 bedrooms, the home has 2 full baths upstairs and a half bath on the main floor, as well as an updated kitchen, a one car garage and a lovely, landscaped backyard patio.  Although the property has less than 2,000 square feet of living space, it has vaulted ceilings and an open floor plan, which makes it feel larger than it is.  The home has tile floors downstairs and carpet in the bedrooms, and there are beautiful brick pavers throughout the community and around the front and back of the property.

Check out all of the photos below, and feel free to contact me at lindsayrubens@avatarflorida.com or 305.799.2124 for more information.

*photos courtesy of Jill Penman, One Sotheby’s International Realty

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