The James Ruff Group LLC - Licensed Real Estate Broker

06/28/2024

Hey there! 👋 We've got some exciting news to share about the real estate scene in Coral Gables! 🏡💼

Despite the challenges posed by the national economy, COVID-19, and rising inflation and interest rates, Coral Gables has seen a whopping 12% increase in office leasing activity last year. That's 226 new leases signed! 📈

And get this - major corporations like FIFA and Ryder System have relocated to Coral Gables, drawn by its walkability, safety, amenities, and proximity to the airport. 🌴⚽️🚚

But that's not all! The corporate influx has created 15,000 new jobs and added over $54 million to Miami-Dade County's economy last year. 💼💰

Retail space is also thriving, with popular spots like John Martin's and Capital Burger calling Miracle Mile home. 🍔🍻

And if you're in the market for a home, the average price per square foot has risen to $1,000, with some non-waterfront properties selling for as much as $22 million! 🏠💸

The health and wellness market is also booming, with specialized gyms and boutique retailers catering to the affluent residents and visitors from Europe and South America. 🏋️‍♀️🛍️

So if you're looking for a place to invest, work, or call home, Coral Gables might just be the hidden gem you've been searching for! 💎

Reference: Coral Gables Magazine: https://coralgablesmagazine.com/real-estate-investing-and-the-art-of-capitalizing-on-hidden-wealth-with-jay-boeckmann/

We buy homes for FULL PRICE. Learn More on our website.

www.figleafcapital.com

06/28/2024

Hey there, Miami! 🌴 We've got the latest scoop on the housing market trends in our sunny city. 🏘️

Actually, the median home price in Miami was $609K in May 2024. That's an 8.3% increase from last year, according to Rocket Homes. 📈

And get this - homes in Miami are selling after an average of 80 days on the market. That's up from 70 days last year. 🏡

But here's the thing. Total inventory in Miami-Dade County is still 37.3% below the historical average. 😕 That can make it tough for you as a buyer.

So, what's the deal with market competition? Well, multiple offers are pretty rare in Miami right now. Homes are selling for about 4% below list price and going pending in around 75 days, according to Rocket Homes. 🤔

But if you're looking for a hot home, you might be in luck! Hot homes in Miami sell for around list price and go pending in about 40 days. 🔥

Now, let's talk about who's moving where. 3% of homebuyers searched to move into Miami from outside metros. The top sources? New York, Washington, and Boston. 🚚 On the flip side, 2,708 homes were sold to buyers moving out of Miami, mainly to Cape Coral, Orlando, and Sarasota.

As for housing inventory, there were 3,923 single-family homes for sale in Miami-Dade County. That's a 39.3% increase from last year, according to Rocket Homes. 🏠

Despite the challenges, Miami's housing market is showing some positive signs. Total home sales increased by 0.8% year-over-year in February 2024. And single-family home sales? They saw a 5.1% year-over-year increase. 📊

So, why is Miami such a hot spot? Well, our city is ranked as the No. 1 housing market in terms of price appreciation in the U.S. 🌟 That just goes to show how attractive Miami is to real estate investors and people from all over the globe.

There you have it, folks! The latest on Miami's housing market trends. 🌴🏘️ If you've got any questions or want to chat about your real estate needs, just give us a shout! 📣

🌞

We buy homes for FULL PRICE. Learn More on our website.

www.figleafcapital.com

04/10/2024

10/12/2023

Selling NYC, Luxury homes in my favorite city.

Grateful for the opportunity, and looking forward to helping our clients throughout their life's journey. ❤️

10/11/2023

Sold Over Listing Price.😎
Another Happy Seller!

10/05/2023

"Experience the ultimate in luxury living with Palm Beach's stunning real estate gems. Wake up to oceanfront opulence, lush landscapes, and a life of pure elegance. 🌴🏡 "

10/04/2023

"No matter where you are, there you are. Life isn't about finding yourself, it's about defining yourself."

10/03/2023

Discover the enchanting beauty of Palm Beach, Florida! 🌴☀️ Explore pristine beaches and a world-class dining scene in this tropical paradise.

10/02/2023

Did all the media coverage saying home prices would fall make you feel a little worried? Here's the good news. Prices performed better than expected. That's why the experts have revised their price forecast for 2023. Instead of prices falling like they originally expected, prices will either be flat or positive this year. DM me if you want the latest on home prices in our area.