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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Miami Real Estate July 2016 Market Update

The Miami Herald recently ran a piece called “Miami real estate had a really bad month in July.” Ouch. That is not something that, as a realtor, I want to see! However, I know that I put just shy of $6,000,000 worth of property under contract during just that month, so it did not feel quite so doom and gloom to me!

After my shock and dismay at the headline, I actually took a moment to read the article. Sure, there are negatives in there, including the down condo market and the lack of foreign investment, but the real estate market does have some positive things going for it. For example, I think that the fact that the number of foreclosures is down is excellent news because it means that our market has grown healthier in that regard. I have also found that what Ron Shuffield said is true: “the middle of the market is still strong.” Mid-priced listings are in high demand because, at the end of the day, not everyone can afford to spend $1,000,000 on their home.

As always, price does come up in this article. Pricing is up 7.9% for single family homes year over year in July of 2016. I do believe that this will stabilize now that the market has shown evidence of a slow-down. It might be time to revisit pricing with some of my listings that have not received the attention that they merit.

I do realize that this summer has felt slower than summers past, but, in addition to the obvious negatives, there are some positives in our real estate market! Hopefully now that we are all back to school and back in work mode, we will see an uptick in sales here in South Florida.

Click here to read the Miami Herald article

If you need help buying or selling a home give Ashley Cusack a call at 305.798.8685, or visit her 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}. EWM Realtors.

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