Thursday, September 28, 2006

Miami Shores FL Real Estate Market Conditions

Overview of the single family market in Miami Shores FL:
  • currently on the market: 174
  • under contract: 22
  • closed in last 90 days: 33
  • lowest price: $302,900
  • highest price: $3,995,000

Overview of the condo market in Miami Shores FL:

  • currently on the market: 33
  • under contract: 14
  • closed in last 90 days: 3
  • lowest price: $139,500
  • highest price: $699,000

Visit for more information about Miami Shores Real Estate.

Sunday, September 17, 2006

A Future Photographer? You be the judge.

Our 11 year old son, Gabriel, spent almost the whole Summer with a camera by his side. Before school let out in May, the art teacher at his school handed out a ditto with an assignment for a Photography Competition. The competition would take place when school started in August and the theme would be nature. We truly can't tell what inspired him, was it the actual competition, or was it the $50 prize??
Either way, he was inspired, and took a lot of photographs. He learned about composition and light, and about the importance of capturing certain moments. We do Thank God for Digital Photography, because in our times we would have spent a fortune developing film. Here are some of the shots, tell us what you think!

Not bad for an amateur!
If you want to share anything you have done or your kids have accomplished, e-mail us, we would love to add you to our blog.
RICK & INES, Miami Shores Real Estate,

Tuesday, September 12, 2006

South Florida Neighborhood Profile: Miami Shores
If you've heard about Miami Shores but want a little more information about it, here it is.
Miami Shores is a small suburban neighborhood centrally located just minutes from Downtown Miami, Fort Lauderdale and Miami Beach. It´s considered a secret gem that few people know about. Its Real Estate ranges from Luxury Bay front homes, to 1920´s historic architecture. Activities include Golf, Tennis, a great community center and field house offering all kinds of sports and activities for all ages.
Miami Shores was developed in the early 1920´s at the same time as Coral Gables by The Shoreland Company. Its urban plan includes tree-lined streets, large setbacks, alleyways or service roads as well as a downtown commercial area which is known as "downtown Miami Shores". With its own extremely efficient police force, its own government building or Village Hall, as well as library, there´s nothing Miami Shores can´t offer. Schools include Miami Shores Elementary, Miami Country Day School, St. Rose of Lima School, Miami Shores Presbyterian pre-school, Baptist pre-school, Doctor´s Charter Middle and High School, and Barry University to name a few. Miami Shores is a neighborhood where your neighbors have your keys and kids play on the streets, a true village beautiful.
To search for properties in the MLS currently listed in Miami Shores as well as look at our featured listings, please visit our website at
RICK & INES, Miami Shores Real Estate,

Sunday, September 10, 2006

Home Sales Forecast Lowered

We felt the need to clear up a common misinterpretation for everyone who follows Real Estate trends. We are being bombarded by the Media on a daily basis that home sales are dropping. What does this really mean???

This doesn't really mean that prices are dropping. What it means is that less homes are selling. There is so much inventory (so many homes for sale), that buyers have a lot more to choose from and leverage to negotiate, but at the same time, there are fewer buyers.

More inventory, and fewer buyers means less sales. This means that when selling your home, you NEED TO DO YOUR HOMEWORK. You will need an agent, or a team of agents that market more aggressively, that have strong selling and negotiating skills, and that give 100% of themselves all the time, not just weekends, or just part of the week. Before you do yourself a disservice, please make sure the agent you are working with knows the area, and knows what they are doing.

If you choose to sell your house yourself and place a "FOR SALE BY OWNER" sign on your property, be ready to spend a lot of money on marketing in local newspapers, local publications, magazines and different websites as well. But also be ready to show your property with very short notice and usually at inconvenient times. Don't expect the sign in the front of the property, to sell your home.

If you feel like reading what the sales forecasts are, please read the following article by the National Association of Realtors.
RICK & INES, Miami Shores FL Real Estate,