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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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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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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The Miami Open

Photo from miamiopen.com
It is tennis time in Miami again! But unlike in years past, the Miami Open is being held at Hard Rock Stadium this year, rather than its former home at Crandon Park. I personally cannot imagine how this change will work. To me, a day at the tournament has always meant a beautiful drive over the Rickenbacker Causeway (albeit in tons of traffic), enjoying the views, and then an enjoyable afternoon on sunny Key Biscayne. The idea of going to Hard Rock Stadium to watch Venus, Federer, and the rest of the stars play their sport just seems weird.

Don’t get me wrong, I actually really like Hard Rock Stadium and I think that they have done a fabulous job updating it, but I cannot seem to wrap my head around watching the Miami Open there. I would assume that not having to fight two weeks’ worth of tennis traffic is a boon to those who live on Key Biscayne – that has always felt like it must be a headache!

Anyhow, has anyone watched tennis at Hard Rock yet? If so, how did you like 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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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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The Effect of Interest Rates

Interest rates are always something that we keep an eye on in the real estate business, for obvious reasons. Lately they have been fairly stable, but there is always talk of rates going up. If you take a peek at the chart above, you will see that even a small increase in rates can have a major impact on your buying power.

Lately in Miami we have had a lot of inventory on the market and prices that are coming down slightly, making this a great time to buy. With some 30 year fixed mortgage rates that are even lower than the baseline 4.5% noted in the chart, your dollar will go further today than it will when rates inevitably increase. Let’s go house hunting!

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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Price Reduction on the Water

Have you seen my fabulous listing on the Coral Gables Waterway? 5621 Orduna Drive just had a price reduction to $3,595,000, making it a great value on the water! Check out the listing by clicking here and be sure to head to our open house on Sunday February 20th from 12:00-2:00. I look forward to seeing you there!
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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The Miami Marathon and Half Marathon: Miami at its Best!

Photo from miami.com
Whoops . . . I am a bit late posting this, but I thought that I would still share it!

I often write about the Fitbit Miami Marathon and Half Marathon when it has just been run because it is a time to be proud of Miami. First of all, I love the event! I have run the marathon once and the half a number of times and the course is amazing! You start in Downtown Miami with the American Airlines Arena next to you as they show the corrals starting on the jumbotron. It is very exciting! Once you start, immediately you run over the MacArthur bridge with the beautiful lights of Miami in every direction. At about the 5K mark you enter Miami Beach, which is great at that time. You have the fans that intended to come cheer people on and you have the people that just left a nightclub and found something fun to keep them from going home! After running up Ocean Drive you make the turn to go back over the Venetian Causeway, which is a shorter bridge and at this point you are glad about that. It takes you back to Downtown Miami where the half marathon will be done in two miles and the full continues on to Key Biscayne (just a short visit) and then through Coconut Grove.

So the course is great and not ever boring, and the fans really do come out. I was a fan rather than a runner this year because I have been injured, but I still enjoyed the race as I spent it at the 12 mile mark cheering on my son in his first half marathon and the thousands of other runners. What an international mix! You hear all sorts of different languages as both a runner and a fan, and it really shows that our community pulls together for the big events that make Miami great! What makes you proud to call Miami home? I would love to hear from you!

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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