Luxury Miami Real Estate

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550 South Dixie Highway

Coral Gables, FL 33146

Cell: 305-798-8685

Office: 305-960-5330

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Archive for the 'Coral Gables Realtor' Category

The $2-4 Million Market in Coral Gables This Spring

I wanted to get back to my analysis of the Coral Gables market and had left off after reviewing the under $1,000,000 market and the $1,000,000-$2,000,000 market. I pick up with the $2,000,000 to $4,000,000 market. The high end market always has lower numbers than the lower price ranges for obvious reasons, but the Facts and Trends reflects that the Gables market in this bracket has increased their inventory by 28% from the same months last year.


This increase in inventory is met with a decrease in sales by 30% from last year and an increase in pending sales by 12.5%. This increase in pending sales bodes well for future months, because it will translate into more sales and shift these numbers slightly. Either way, it is hard to ignore the fact that with 114 current listings in this price range and 4.33 selling on average per month, we have over 26 months of supply.

Please don’t hesitate to call or e-mail me if you have any questions about this information or any other real estate needs.

If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, Berkshire Hathaway Home Services EWM Realty.

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The Under $1,000,000 Market in Coral Gables this Spring

Following up on my blog last week about the Coral Gables market, I am attaching a few different charts that show the state of the market for single family homes under $600,000, from $600,000-$800,000 and one from $800,000-$1,000,000.

As you might expect, the lower price range has less supply than the more expensive homes at 6 months supply. Even this market, however, has experienced a 41% increase in inventory since this same time last year. The good news is there has also been a 31% increase in sales in this market.


The $600,000-$800,000 market is carrying its same supply as last year with 7 months, but has seen an 8% decrease in sales. This represents 12% of the overall inventory and 26% of the sales.


And finally, the $800,000-$1,000,000 market has seen inventory grow from 5 months supply to 8 months with a 26% reduction in sales. This range represents 11% of inventory and 19% of sales in Coral Gables.

As the price of the homes increases, we have continued to see inventory also increasing and sales decreasing. This information helps show how important it is to price correctly in this market. The under $1,000,000 market represents 64% of all sales in Coral Gables.

Please don’t hesitate to call or e-mail me if you have any questions about this information or any other real estate needs.

If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.

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$1-2 Million Market in Coral Gables

I am going to start providing weekly analysis again on the market in Coral Gables. We have a great tool called Facts and Trends, which allows us to input parameters and see the results in a number of different charts.

The first market I am looking at are the Coral Gables single family homes priced between $1,000,000-$2,000,000. This market has been fairly strong, but you can see from the chart below that the inventory has fluctuated in the past year and is at its highest right now. Our inventory has increased since the same quarter last year by 4%. Sold homes in this quarter versus the same last year are down 24% and pending homes are down by 36%.

Interestingly, the price per square foot shows a slight uptick from $408 to $423, yet the months of inventory based on closed sales sits somewhere from 11-15 months. People will tell you a balanced market is a 6 month’s supply. This information affirms that it is, in fact, a buyer’s market.

The charts do not give us the whole picture, but shows the trends. The fact is, there are buyers out there and they are making offers. Often the sellers expect a little more than what the buyer is willing to offer. I am not saying that a seller in this market needs to consider a low ball offer, but we do need to differentiate in a realistic offer and one that is too low. I would venture to say this is what has slowed our market down and lowered our pending and sold numbers.

If you are selling in this market, really take the time to evaluate what other homes in your market have sold for before just responding that you would never consider the offer before you.

Please feel free to contact me if you are looking to buy or sell or just want advice on what is happening in this ever-changing market.

If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.

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Effective Age Versus Actual Age

If I am looking up a house to start comparables, or just to get more information on it, my search very often starts in the Miami-Dade County tax rolls, even before I go to the MLS. Miamidade.gov is a pretty reliable reference point, offering lot square footage, house square footage, and the age of the property. Well, that is until recently.

Lately when I pull a tax report from the county’s website, rather than give an actual age for a home, it will say “Multiple (See Building Info.),” which is not particularly helpful. I looked into this on another tax program, Imapp, to see if I could get any more information on the age of a particular home and I did find what I was looking for. The house that I was researching, an old Spanish in the Gables, showed on Imapp as having been built in 1924, but it was also noted that the home’s effective age was 1975.

A home’s effective age is measured by how updated it is. Therefore, while this home was built in 1924 it had had enough upgrades to qualify as a house that is 50 years “younger” than it really is. That could mean that it has a newer roof, newer appliances, an addition, functionally obsolescent items removed, etc.

Effective age is something that appraisers consider when valuing a home. According to Core Logic, “When selecting properties that are being used as comparables in an appraisal, the effective age of each property chosen should be given consideration to ensure the comparable homes are similar in effective age. Let’s say there are two 100-year-old homes, one of which is extensively remodeled and added on to, and the other is in its original state, complete with a roll rim kitchen sink and asbestos tile roofing shingles. To compare the two properties without making an adjustment for the difference in effective age would be wrong and could have a significant impact on a home’s appraised value.”

I am not sure when or why Miami-Dade County switched its records so that they do not reflect a home’s true age or effective age, but I am glad that it led me down this short little research rabbit hole. Effective age is an important item to consider when pricing any home.

If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.

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Guest Post: Gables Renovation Update

Hey readers, this is Ashley’s assistant Lillian giving you an update on my renovation! I have lost count of which week of the bathroom/closet redo we are in, but I think it has been about 7. The good news is that we passed our first inspection (plumbing) with flying colors, and we actually have wall framing going in. The bad news is that I do not see an end in sight, although my contractors swear that they will finish . . . someday.

I have to say that being a homeowner contractor has not been too hard so far. It helps that I have a great team working at the house, all of whom do wonderful work and are extremely trustworthy. They are carefully following the approved plans, so even though I am still living in dust and debris, at least we are progressing. My fear is not passing an inspection and having to have them redo the work, but so far we have not had any reason to regress.

I think that my next inspections are plumbing (for the piping that is going through the walls) and electrical. Keep your fingers crossed that we continue to make progress!

If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.

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An Ultra Chaotic Weekend?

Photo from ultramusicfestival.com
The Ultra Music Festival is back in town. This year, instead of being held at Bayfront Park, it will be on Virginia Key. For those of you who are unfamiliar with Miami, Virginia Key is an island connected to the mainland by one causeway, so there is really only one way in and one way out as far as driving. Ultra attracted 165,000 festival goers in 2017 alone, so getting people to and from the event is going to be one heck of a challenge!

Now that they have relocated, the only way for attendees to get to the festival is via its own transportation, which is either a bus or a water taxi. There are three bus hubs and two water taxi stations set up downtown, and the event’s organizers are strongly urging festival goers to use public transportation to get to those locations so as to lessen traffic. In years past I have always seen attendees on the Metrorail, so the use of public transport should not be a problem. If you are wondering how I know that I’ve seen attendees, it is because they are very often wearing neon tutus and body paint: it is quite a spectacle!

I have never been to Ultra myself, the laid-back Tortuga Music Festival is more my speed, but I know that it generates a good amount of money for Miami, so I have no objection to it. If I lived on Key Biscayne and felt like I was trapped on my island for the weekend I might be singing a different tune, though. Have you been to Ultra? What do you think of the new venue?

If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.

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Tax Refugees and Private Schools in Miami

Photo from visitflorida.com
A friend recently sent me an article from BusinessInsider.com that took a look at the so-called “tax refugees” that are moving to Miami for our tax breaks. The ramification that the article discussed was the uptick in applications for our city’s elite private schools. Palmer Trinity, Miami Country Day School, and Ransom Everglades, where my kids go to school, are all mentioned in the piece. Palmer Trinity and Miami Country Day have seen a major increase in applicants coming from New York, New Jersey, and Chicago. Ransom says that its waiting lists are always full, so they have not noticed whether that is due to the increasing number of families moving to Miami from high-tax areas.

Another thing that the article mentioned is that South Florida is getting a new private school called Avenues, which is set to open in 2022. The Miami outpost of this elite school will be the fourth campus, joining others in New York City, Sao Paolo, Brazil, and Shenzhen, China. Get this: their tuition is currently over $56,000 annually. And I thought that Ransom was expensive!

If you would like to read the full article, click here. It is a different perspective on the tax refugees that we have been hearing about lately.

If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.

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What is a Home’s Square Footage?

Photo from www.homedit.com
A home’s square footage can be confusing because it is broken down into three different numbers: the living area, the adjusted area, and the total area. The living area is the actual air conditioned inside area of a house and is the smallest number of the three. Adjusted square footage is larger because it takes into account spaces that are utilized but not necessarily air conditioned, so it adds half of the size of the garage and one third of the size of covered patios to the living area. Total area is the largest of the numbers because it includes the full amount of all covered square footage. Take a look at the architect’s measurement below of 12440 Moss Ranch Road for more clarification.

The spaces shaded by tight dots labeled “conditioned space” in the key are the actual living area, which measures 5,546 square feet. The square area on the bottom right of the larger portion of the sketch that says 541 is the garage, and if you look at the key, the number on the right shows its adjustment to 271 square feet. The remaining spaces that are covered in diagonal stripes are the covered porches and balconies. Their area totals 1980 square feet, one third of which is counted towards the adjusted square footage, bringing that to 659. When you total these numbers you will see that the adjusted square footage of this fabulous home is 6,476.

When a realtor gives you the square footage of a house, chances are that he or she is referring to the adjusted square footage because that takes into account the measurements of all of the areas that are actually used, while not giving full credit to the un-air conditioned areas. However, because most houses have three sets of numbers floating around, the issue can often become confused. For example, the Miami MLS displays all three numbers, Realtor.com utilizes the actual square footage, while Zillow.com tends to show the adjusted, meaning that there is no consistency when a buyer starts their search online. EWM Realty International is actually working to change that and make real estate websites uniform, but in the meantime just give me a call and I can help you understand the facts!

If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.

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Guest Post: A Homeowner Contractor in Coral Gables

Hey readers, this is Ashley’s assistant Lillian giving you an update on my renovation! We are on week 3 of the project and we are STILL in the demolition phase. That should be over this week with plumbing starting right after. Things are going well, but I am a bit of a neat freak and I am having a very hard time dealing with the dust, which is not only all over every surface of my home but which I also taste on the back of my tongue all of the time. Yuck.

Once plumbing is done we have our first big inspection with the City! I will keep you posted as to how I do as my own homeowner contractor.

If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.

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Betsy Adams and the Coral Gables Garden Club Park

Photo from communitynewspapers.com
As a resident of and a realtor in the city of Coral Gables, I find myself driving around the City Beautiful every day. Alhambra Circle is a corridor that I frequent, and about a year and a half or two years ago, I noticed a new park being created on Alhambra between Mercado and Mendavia Avenues. It is a beautifully landscaped park that is just shy of half an acre and whenever I drive by it in the daylight it is packed with kids and families – something that I love to see!

Known as Betsy Adams and the Coral Gables Garden Club Park, it has had a temporary metal fence around it since opening. Today when I drove by, though, I noticed that the park was roped off and that there was a sign indicating that it is currently closed. Curious, I called the city’s Parks and Recreation Department to see what is going on, and they told me that a new, permanent fence is going up around it, which seems like a good idea for safety reasons.

I am not sure why I am so invested in this little park, other than the fact that I’ve been watching it from its creation until now with fairly regular sightings. Or maybe it is because I like the idea that Coral Gables went out and paid $1,000,000 for a piece of property that then became something great for the community. My kids have outgrown parks and playgrounds, but I am happy to know that I live in a city that is investing in outdoor space for the next generation of Gables kids!

If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.

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“How’s the Market?” – Insight into Miami’s Real Estate Market

I am often asked about the Miami real estate market, and I am happy to talk about it to anyone who will listen. Today, though, I want you to learn about it from one of Miami’s foremost experts, Ron Shuffield, President of EWM Realty International. He has written a fascinating piece called “Insight,” which analyzes 2018’s market and predicts what is ahead for 2019. Click here to enjoy reading it and let me know if you have any questions.

If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.

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