The Venetian Pool in Coral Gables

Hello again famous readers!

Today I passed by the excellent Venetian Pool in Coral Gables.  In case you have been living under a rock and did not know, this pool was originally a rock quarry “from which limestone was taken for the construction of early Coral Gables Homes.”  These days if you give the lifeguard $50 he will let you take home some of the pool for your own house… please note that the previous statement has been deemed false upon further investigation.

You can read more about the pool in the first picture but I wanted to give you my impression as a man on the street with a front row view.  I loved it, you feel as if you have been transported to a bygone era where even the public pools were grand and impressive.  The building was ultra-Coral Gables with the same great architecture and attention to detail found in the city’s other landmarks.

It was a very calm atmosphere (of course it was a Tuesday) and there were a few groups of people scattered about the property and some sun-bathing by themselves.  There is actually a very nice little sandy beach area but there were a lot of people sunbathing so in my ever present overabundance of caution I decided to avoid snapping the pics directly at any people.  You cannot be too careful these days!  But the overall experience was very nice and I look forward to going back again.

Here are some of shots of the pool hope you enjoy!

The entry sign

Walking in...

This nice fountain welcomes you inside

Get some perspective

The obligatory pergola

The courtyard

Twas a gorgeous day to look at cool old buildings

Finally the pool!

A nice shot of the tower

One of the only natural waterfalls in Florida 😉

One of my favorite shots

An old cave that is unfortunately no longer in use

Thanks for reading!

Best regards,

Joshua T. Reich

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Published in: on February 28, 2012 at 5:50 pm  Comments (2)  
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2011 Coral Gables Real Estate Recap: Condominiums

Greetings Famous Reader!

Well the numbers are in now for the 2011 Condominium Recap in Coral Gables.  Yes I know in the last post I said they would be in tomorrow and that was last Wednesday, well the good news (to offset this post) is that the market is really taking off since the beginning of the year.  My phone has been ringing off the hook (which is even more impressive because it does not have a hook) which has left me little time to dabble in the numbers.  But fret not I have dug deep like Dig Dug and now it’s on like Donkey Kong!  I tried to think of one more video game from the 80’s but then I realized I might be annoying you.

So back to the action, the condo market is…well…let’s just say it is not showing the same signs of leveling out as the single-family market.  Whereas the average price of a single family home actually increased slightly in 2011 the average price of a condominium continued to fall.  Despite an anomalous jump in Average Sales Price from ’09 to ’10 the Average Price/Sf. from the same period dropped and continued to do so in 2011.

The distressed portion of the condominium market mirrored the single-family market in that Short Sales overtook Foreclosures in 2011 and both continued to rise dramatically.

I predict a continued downward pressure on condominium prices in 2012 brought on by the continual stress of distressed properties.  This is compounded by the fact that because condominium associations cannot collect adequate fees from delinquent owners they are often forced to raise maintenance fees for those that do pay which is a scary proposition for potential buyers.

What does this mean for you?  Well if you are looking to by a condo in Coral Gables in 2011 you might want to hold off a bit as prices will continue to fall, and if you are looking to sell a condo in Coral Gables you may want to sell now before the price drops more in 2012.

Of course the major caveat to this is that with condominiums each building is different, some are highly sought after and will have either stabilizing prices or even in some elite condos there will already be price increases.  The important thing is to do your research, or to have someone that really knows the market do it for you… I’m just saying.  So here are some graphs that show you what I have been blabbering about.  Since most of you have stopped reading by now for anyone that is still reading I will give you a prize like Oprah does… send me some random data and I will turn it into a sweet graph, nothing vulgar please!  And we will share it on The Coral Gables Blog in the future!

Ok enough words, now for graphs!

Thanks for reading and have a great 2012!

Best regards,

Joshua

2011 Coral Gables Real Estate Recap: Single-Family Homes

Greetings Relentless Reader and Happy New Year!

I hope everyone enjoyed a fantastic holiday season with friends, family… and even family who you wouldn’t even want as friends!

Well let’s get right to it with our…
“First Annual Coral Gables Real Estate Market Yearly Annual Update of the Year for 2011 Anno Domini”…  got to work on that title.  But here goes…

In 2011 Coral Gables continued to feel the effects of the overall slump in the real estate market on a local and national level.  However, there were many encouraging signs to 2012 being a much better year than the past few.  The average sales price and sales price / sq. ft. saw increases for the first time in 5 years.  And while the number of short sales rose, reflecting a national trend, the number of foreclosures declined for the second year in a row.

Overall this points to a solid stabilization in the single-family market after the last few years of declines.  If you are looking to purchase a home in Coral Gables this data means that now is the time; prices will not get much lower and within the next 2-3 years will begin to climb again as distressed properties are sold off and the current harsh lending guidelines are relaxed.  Add to that the historically low interest rates (reported by BankRate.com as 4.21% at the time of this post) and it looks like now is the perfect opportunity to buy a Single-Family home in Coral Gables.  The chances of your home’s value dropping in 2012 are very low and there is a slim chance that if you make a smart purchase you will actually see an increase in your home’s value.  Call me to find out how to make a smart purchase.

Take a look at some of the numbers to get an idea of how 2011 was a year of stabilization in the Coral Gables Single Family Home market…

You can tell I know the Coral Gables Market because I make sweet graphs!  Tomorrow… the Coral Gables Condo Market (collective sigh)

Best regards,

Joshua

Visit Santa Claus in Coral Gables!

Ho Ho Ho,

For the second year, in what will hopefully become a long lasting tradition, Santa Claus has decided to visit the city of Coral Gables prior to his Christmas duties.  Many speculate that Santa is visiting to play a few rounds at our world class golf courses, but actually he is looking to invest in distressed properties, apparently since the world is in a recession his concept of giving away things for free has really caught on.

All kidding aside this is a very cool thing that the city of Coral Gables is doing again this year, you can get full details at the City of Coral Gables website here…well maybe not they have not uploaded the most Recent Coral Gables E-Newsletter to the website yet, but fear not fearless reader!  I’ve got your back!  Waaaaaayyy back!  Sorry I couldn’t resist, here is a summary of the information on Santa Claus 2011 Visit to Coral Gables, I plan to intercept him at numerous venues and take pictures for the TCGB faithfull, then I will be selling them for $50 each 😉 JK here goes the copy…

SPECIAL OFFER: If you do not have time to meet up Santa this year you can send me your kid’s wish list and I will make sure to present it to Santa for his signature in true Realtor fashion, once he signs it he is legally obligated to deliver the gifts, if he does not I have a clause that will allow you to use his sleigh for 1 week.  But seriously if you want your child’s Christmas list signed by Santa send it over and I will make it happen and even take a picture of him signing it!

From the Coral Gables E-Newsletter….
Santa Claus will be riding on a fire truck through the streets of Coral Gables between December 19 and December 22…

Santa and his special helper, Mayor Jim Cason, will ride on a Coral Gables fire truck around the City, on his schedule as listed below, giving out candy canes to all the boys and girls along the route who have been extra good this year.  Listen carefully for the holiday sound of the fire truck. Please remember Santa has many streets to cover and all times are estimated.  Santa will not be able to safely make his way down dead-end streets.  However, if you live on a dead-end street and would like to see Santa, please wait for him on the open-ended corner of your street.

Santa’s schedule is as follows:

Monday, December 19, 2011

9 a.m — 10:30 a.m.: The Deering Bay and Kings Bay communities

10:30 a.m. — 12 p.m.: The area bordered by Bella Vista Avenue north to Snapper Creek, from SW 60 Ave east to the bay

1 p.m. — 2 p.m.: The area bordered by Snapper Creek north to Kendall Drive/ Arvida Parkway, from Red Road east to the bay

2 p.m. — 3 p.m.: The area bordered by Casuarina Concourse north to Sunset Drive, from Erwin Road east to the bay

3 p.m. — 4 p.m.: The Cocoplum community

Tuesday: December 20, 2011

9 a.m. — 10 a.m.: The area bordered by Sunset Drive north to South Alhambra Circle, from Red Road east to Granada Blvd.

10 a.m. — 11 a.m.: The area bordered by Edgewater Drive north to Prospect Drive, from LeJeune Road east to the bay

11 a.m. — 12 p.m.: The area bordered by Ingraham Highway north to US 1, from LeJeune Road west to Rivera Drive

12 p.m. — 12:30 p.m.: The area bordered by Broker Street, US 1 and Grant Avenue

1:30 p.m. — 2:30 p.m.: The area bordered by Alfonso Avenue north to US 1, from Granada Blvd west to Caballero Blvd.

2:30 p.m. — 4 p.m.: The area bordered by Ponce de Leon Blvd, north to Bird Road, from LeJeune Road west to Granada Blvd.

Wednesday, December 21, 2011

9 a.m. — 11 p.m.: The area bordered by Ponce de Leon, north to Bird Road, from Red Road east to Granada Blvd.

11 a.m. — 12 p.m.: The area bordered by Bird Road north to Miracle Mile, from Douglas Road west to LeJeune Road

1 p.m. — 3 p.m.: The area bordered by Bird Road north to Coral Way, from LeJeune Road west to Granada Blvd.

3 p.m. — 4 p.m: The area bordered by Bird Road, north to Coral Way, from Granada west to Red Road

Thursday, December 22, 2011

9 a.m. — 10 a.m.: The area bordered by Miracle Mile north to Flagler Street, from Douglas west to LeJeune Road

10 a.m. — 12 p.m.: The area bordered by Coral Way north to SW 8 Street, from LeJeune Road west to Granada Blvd.

1 p.m. — 3 p.m.: The area bordered by Coral Way north to SW 8 Street, from Granada Blvd west to Red Road

A pic of the last time Santa invaded these parts oh those were festive times…

Santa Claus is Coming to Town!

To all a great holiday and to all a great night!

Best regards,

Joshua T. Reich

 

Published in: on December 8, 2011 at 7:59 pm  Comments (1)  
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November 2011 Coral Gables Real Estate Market Update: Quality over Quantity

Hello Valued (and intelligent) Reader,

It’s that time of the month again…normally that statement can be cause for trepidation and fear but in this instance it just means that it’s time for the Coral Gables Market Update.

This month we have some mixed results, on the bad side we had 10 fewer closings in November 2011 than in October 2011 (Oct.’11=35 and Nov’11=25).  This doesn’t seem to bad because of course November is turkey time and people are generally much more interested in family time that closing time.  But wait there’s more bad news, in comparison with the 32 Closed Sales in November of 2010 we are at a big drop in 2011 with only the 25 closed sales. Maybe the turkey was better this year?

But wait there is a twist!  This year, November 2011 the average sale price was $1,305,220 which is an increase of approximately $200,000 from last years’ November 2010 average of $1,051,528.  So prices are going higher and there are less sales as a result.  This is a good trend for the market, it shows that many of the lower priced distressed sales are starting to slip into the past.

Just to check my hunch on the numbers a little further I decided to check the number of distressed sales for the two periods.  Sure enough there was a large drop in the number of distressed sales this year as opposed to last, which would explain the drop in number of sales but the increase of average sales price.

Here is a graph because graphs are sweet, especially 3D graphs, please put your 3D glasses on now…

Comparison of Distressed Sales

Thank you for reading,

Joshua T. Reich

 

 

Published in: on December 5, 2011 at 8:16 pm  Leave a Comment  
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Coral Gables Historical Home of The Week

Hello Readers,

Today we are going to take a look at a great 1926 Coral Gables Home that has some beautiful interior updates.

The home has 2,417 square feet which is a ton of space for an Old Spanish, the property sits walking distance from the Granada Golf Course so all you have to do is buy a golf cart and charge it every few days!  It is listed for $799,000 by Manuel Ponce of The Keyes Company Inc.

The backyard has also been tastefully updated to make this home the complete package for under $1 Million!

Without further ablah blah here are the pictures…let me know if you would like to pay cash or credit…

Love the greenage < my own word

Nicely Updated Bathroom

The Perfect Place for Afternoon Cafe Cubano

Love this Fireplace!

Christmas Dinner Anyone?…I’ll have the Turdunkin!

The Great Outdoors!

My readers are the best and most attractive!  Thank you for your continued support but please stop camping outside my home!

Joshua T. Reich

Published in: on November 30, 2011 at 8:30 pm  Leave a Comment  
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2011 Coral Gables Holiday Spectacular and Tree Lighting

Hello Stuffed Friends,

I hope you all had a wonderful Thanksgiving, I know that I ate to much and that I can’t wait until it happens again next year.  Ohhhhh stuffing you are so good to me!

So now that we have awoken from our turkey induced slumber it is time to look ahead to the final month of the year!  In Coral Gables that means the Coral Gables Holiday Spectacular is approaching which includes the popular tree lighting ceremony.  This year it will take place this coming Friday December 2 at City Hall in Coral Gables right at the beginning of Miracle Mile.  For those of you who are not savvy on the streets it will be at the intersection of SW 24th St and LeJeune Rd (SW 42 Ave).  The event will begin at 5pm and run through 10pm.  The actual tree lighting ceremony will begin at 7pm.

According the The City of Coral Gables E-Newsletter, the event “features food, carnival rides and games, face painting, arts and craft, bounce houses and live musical entertainment by Miami Children’s Theater, Actors’ Playhouse Children Theater, and Maria Verdeja School of the Arts.”

It should be a fantastic night hope to see you there!

The E-Newsletter also had a great pic of a tree from a previous year…

Happy Holidays!

Thanks for Reading!

Joshua T. Reich

 

 

Published in: on November 28, 2011 at 5:42 pm  Leave a Comment  
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Historic Coral Gables Home of the Week

This week we have decided to go to the top of the food chain.  This $4.75 Million Mansion sits on the famous Biltmore Golf Course and features numerous modern updates to combine the old with the new for a gorgeous home built in 1925.  Just imagine George Merrick duffing a shot off the pool deck when this property was first built!

The master bedroom has a private balcony that overlooks the expansive views of the Biltmore Golf Course.  The property sits on a half acre, which is a nice piece of land for Coral Gables, and is a must see.  Take a look at the pictures and let me know maybe I can arrange for you to hit your Callaway Big Birtha off the balcony!  Well probably not but this beautiful Coral Gables home was recently listed by Maria Gonzalez of Engel & Volkers and basically has everything you could want in a prime Coral Gables location.

I have a couple of my clients interested already but if you buy me a round of golf at the Biltmore you might be able to get the inside track!

Welcome home...

 

Love the Biltmore Hotel in the distance...

 

Plenty of space to the top and sides...

 

A gorgeous and relaxing pool

 

Fore!

Click Here for even more pictures, if you have any questions give me a call my wedge game is finally on track so lets play a round!

Thanks for Reading!

Joshua T. Reich, P.A.
Broker-Associate
“Knowledge, Professionalism, Diligence”
RE
/Max Advance Realty
305-283-4470
Josh@GreatCoralGablesHomes.com
www.GreatCoralGablesHomes.com < Search
www.TheCoralGablesBlog.com < Read

Published in: on November 10, 2011 at 7:00 pm  Comments (1)  
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Secrets of the Granada Sisterhood

This past week I was visiting a few fantastic Coral Gables Broker’s Opens by fellow RE/MAX agents and I passed by an unassuming little park called Granada Park.   The park is much more important than one might first guess as it is a representation of the relationship between the City of Coral Gables and the City of Granada in Spain.  These two Sister Cities have a special relationship as half the things in Coral Gables are named after Granada so every time someone drives through the Granada Entrance, the City of Coral Gables has to send  a Big Mac to the Mayor of Granada, Spain.

Ok so not really, but it’s my blog so I can say whatever I want.  In reality the relationship is very cool and has resulted in this beautiful While Marble Pomengranate, which was a gift from Jose Torres Hurtado, Mayor of Granada, Spain.  The statue was created in Spain and just to make it perfect, it is surrounded by Antique Cobblestones donated by Emma Dolores Broad and Sara Marlee Broad in May of 2008.

Here are the pictures, enjoy!  As always click for the bigger pic!

Where else besides Coral Gables?

Sisters

I want one

Just in case you thought they took your antique cobblestones…

Said cobblestones…

Through the trees

Wide view

Wider view

Widest view

 

Thanks for Reading!

Joshua T. Reich

It’s Raining Photos (Best Coral Gables Photos Updated)

So if you have not been living under a rock lately in South Florida, then you are probably soaking wet.  One Coral Gables resident described the rain this way,”I can’t remember the last time it wasn’t raining.”  In reality it has only been raining for about 6 days, but for the Sunshine State it is a strange phenomenon.  Normally a major rain event is some form of tropical storm or wave, or one of them there ole hairicanes.  But this time this low pressure system has just been planted here for about 6 days, but don’t worry tomorrow is supposed to be gorgeous dry and cool finally!

So the moral of the story is I had some time while avoiding the unsafe driving conditions to check out the stats for The Coral Gables Blog and I was not surprised to see that the most visited page is the Best Coral Gables Photos page.  This makes me feel better because it means my readers are like me and much prefer pictures to reading…with that said I’ll shut up now and give you the news that I have added a ton of photos to the page to satisfy your rabid demand, so Click Here to Check Out the New Photos (they are at the bottom under the old photos).

What may happen to you if you pour concrete in the rain

Stay dry!

Joshua T. Reich, P.A.
Broker-Associate
“Knowledge, Professionalism, Diligence”
RE
/Max Advance Realty
305-283-4470
Josh@GreatCoralGablesHomes.com
www.GreatCoralGablesHomes.com < Search Coral Gables Homes
www.TheCoralGablesBlog.com < Read all about it

Published in: on October 19, 2011 at 5:07 pm  Leave a Comment  
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