Doral Residential Real Estate Market Stats

The following is what the market looked like in 2016:

Takeaway- Condo/Townhome sales prices are holding steady, and Single Family home sales prices are not. In Doral the distressed property market is no longer significant.

Has Doral reached it’s pricing peak for now?  What say you and why?

I hope this helps!

If you are on the fence about selling your home & would like to know exactly what it’s going to take to get your home sold in this market, give us a call today! FREE information, NO obligation! Richard Recuset👉786.471.5228👈  “The Doral Real Estate Specialists”

Recuset Realty is a full service residential, commercial and property management real estate firm based in #Doral , Fl . (South Florida). Independent and privately owned since its founding in 2015, the firm is a member of National Association of Realtors , and founders of Doral Business Network of independent business owners based in Doral, Fl. providing global integrated service solutions.

The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; agency/project leasing; capital advisory/investment sales; retail services and more. For more information, visithttp://www.recusetrealty.com

“Si usted no dispone del tiempo y/o no posee los conocimientos, entreguele la propiedad en manos de un Corredor calificado”

*Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advise and is for information purposes only. No representations or warranties whatsoever, express or implied, are given as to the accuracy or applicability of the information contained herein. The information may be modified or rendered incorrect by changes in the marketplace or developments in the law, or for any other reason, and may not be applicable to any individual reader’s facts and circumstances.

#RecusetRealtyRocks

          

 

Doral Real Estate Market Update

 

Condo/Townhomes:

There were 107 Doral town homes/Condo’s listed for sale in June (Compared to 72 in May)

Single Family Homes:

There were 52 Single family homes listed for sale in June (Compared to 66 in May).

Highest Priced listing

Condo/Townhomes: $610,900 (Doral Cay)

Single Family Homes: $7,840,000 (Doral Estates)

Lowest Priced listing

Condo/Townhomes: $116,600 (Las Vistas-Foreclosure)

Single Family Homes: $319,900 (Doral Lakes)

Pending Sales

Condo/Townhomes: 41 in June (Compared to 14 in May)

Single Family Homes: 10 in June (Compared to 4 in May)

Closed Sales in June

Condo/Townhomes: 57 in June (Compared to 39 in May)

Single Family Homes: 14 in June (Compared to 13 in May)

Average Sales Price in June

Condo/Townhomes: $260,633 Per sq.ft. $179

Single Family Homes: $549,429 Per sq.ft. $224

The last 5 Single Family homes sold in June were the following:

1. 7240 NW 112 AV (Doral Isles Catalina)- Listed 2/2015 for $1,365 with several price reductions. Sold $1,150,000.

2. 8551 NW 110 AV (Gallapagos II)- Listed for $798,500 10/2015 with several price reductions. Sold $685,500. I had sold this house in 2013 for $528,500. Several upgrades were added since including a pool.

3. 7863 NW 111 CT (Corsica-Islands of Doral)- Listed 7/2014 for $844,900 then went into bankruptcy and after several price reductions sold $610.000.

4. 9942 NW 49 TE (Doral Woods)- Listed 2/2016 for $505,590 reduced the price once then sold for $450,000.

5. 11058 NW 80 LN (Corsica-Islands of Doral)- Listed for 6/2015 for $599,000 and after several price reductions sold for $457,500.

What’s important to note is that inventory continues to decrease. There are plenty of buyers waiting for the right home to appear in Doral and when that happens, they sell fast. Pay attention to finishes and what makes a home “marketable” when you are doing upgrades. Not all upgrades will give you a good return on investment, it’s good to contact a local REALTOR that knows what buyers are looking for.

We are here to give you a no-obligation listing consultation where we discuss not only price, but condition of your home and give recommendations for how to best show.

Take a look at the yearly price trends in Doral by clicking the tab above (Doral Prices)

 

Recuset Realty International is a full service residential and commercial real estate firm based in Doral, Fl . (South Florida). Independent and privately owned since its founding in 2015, the firm is a member of National Association of Realtors , and founders of Doral Business Network of independent business owners based in Doral, Fl. providing global integrated service solutions.

The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; agency/project leasing; capital advisory/investment sales; retail services and more. For more information, visithttp://www.recusetrealty.com

“Si usted no dispone del tiempo y/o no posee los conocimientos, entreguele la propiedad en manos de un Corredor calificado”

*Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advise and is for information purposes only. No representations or warranties whatsoever, express or implied, are given as to the accuracy or applicability of the information contained herein. The information may be modified or rendered incorrect by changes in the marketplace or developments in the law, or for any other reason, and may not be applicable to any individual reader’s facts and circumstances.

#RecusetRealtyRocks

Doral Condo/Townhouse Market Update

Year to date 470 units have been sold. Average sold price $234,808. Average price per square foot $170k.

The following  two chart shows the number of units sold per month and quarters. As you can see the number of sales are slowing down and the number of price adjustments presently is indicative of the shift. It’s quite simple really; if a "properly listed and marketed" home is not getting any offers, it’s time to lower the price or else the home will simply remain unsold until the market matches up with the asking price.

The prices of condo/townhouses have come down a bit but holding steady.

Richard Recuset is a REALTOR®, with Doral Real Estate Group, LLC.. Team leader, Short Sale/foreclosure specialist, Listing Marketing Specialist, Certified Internet Professional, Resort & Second Home Property Specialist(RSPS), and an Accredited Commercial Professional (ACP), serving the City of Doral, Fl., and surrounding areas.

When you hire The Recuset team for your real estate needs, you not only get highly qualified professionals on your side, but also access to information, markets, technology and a team of experts from around the world.

You also tap into a global network with vast experience in residential and commercial real estate. That network comprises thousands of dedicated individuals, all with just one thing in mind: producing the best possible results for our clients.

Richard Recuset could be reached at 786-471-5228, Richard@teamDoral.com, 10181 NW 58 ST, Doral, Fl 33178.

“Si usted no dispone del tiempo y/o no posee los conocimientos, entreguele la propiedad en manos de un Corredor calificado”

*Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advise and is for information purposes only.

VALENCIA AT DORAL CONDO’S

Valencia is a gated community with the main entrance on NW 102nd AV., in Doral Park, built in 1992, run by Lennar and includes a very nice club house with pool overlooking the lake, business center,gym, tennis courts and a racquetball court.

The community consists of 311, 1,2 and 3 bedroom units. Some with lake view. There are detached covered garages for sale and rent. Homes are between 602 square feet and 1,388 square feet. Maintenance fee from $350 to $580. per month. All residents have access to the Doral Country Club. Membership is covered in the maintenance payments.

 

 

FOR SALE 12/5/13

 

SOLD YEAR-TO-DATE

 

 

 

FOR RENT 12/5/13

RENTED YEAR-TODATE

 

For an in-depth study of your community or particular home in Doral, call or email me at: 786-471-2558 / Richard@teamDoral.com

The Recuset Team is with RE/MAX Premier Associates. Richard Recuset is a REALTOR®, team leader, Short Sale Agent, Listing Marketing Specialist,Certified Distressed Property Expert (CDPE), Certified Internet Professional, Resort & Second Home Property Specialist, and an Accredited Commercial Professional (ACP), serving the City of Doral, Fl., and surrounding areas.

When you hire The Recuset team for your real estate needs, you not only get highly qualified professionals on your side, but also access to information, markets, technology and a team of experts from around the world.

You also tap into a global network with vast experience in residential and commercial real estate. That network comprises thousands of dedicated individuals, all with just one thing in mind: producing the best possible results for our clients.

*Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advise and is for information purposes only.

VALENCIA AT DORAL CONDO’S

Valencia is a gated community with the main entrance on NW 102nd AV., in Doral Park, built in 1992, run by Lennar and includes a very nice club house with pool overlooking the lake, business center,gym, tennis courts and a racquetball court.

The community consists of 311, 1,2 and 3 bedroom units. Some with lake view. There are detached covered garages for sale and rent. Homes are between 602 square feet and 1,388 square feet. Maintenance fee from $350 to $580. per month. All residents have access to the Doral Country Club. Membership is covered in the maintenance payments.

 

 

FOR SALE 12/5/13

 

SOLD YEAR-TO-DATE

 

 

 

FOR RENT 12/5/13

RENTED YEAR-TODATE

 

For an in-depth study of your community or particular home in Doral, call or email me at: 786-471-2558 / Richard@teamDoral.com

The Recuset Team is with RE/MAX Premier Associates. Richard Recuset is a REALTOR®, team leader, Short Sale Agent, Listing Marketing Specialist,Certified Distressed Property Expert (CDPE), Certified Internet Professional, Resort & Second Home Property Specialist, and an Accredited Commercial Professional (ACP), serving the City of Doral, Fl., and surrounding areas.

When you hire The Recuset team for your real estate needs, you not only get highly qualified professionals on your side, but also access to information, markets, technology and a team of experts from around the world.

You also tap into a global network with vast experience in residential and commercial real estate. That network comprises thousands of dedicated individuals, all with just one thing in mind: producing the best possible results for our clients.

*Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advise and is for information purposes only.

Balmoral Estates

Balmoral Estates is a gated community built in 2005 with a club house and pool. The community consists of 145 homes, some with lake view. Maintenance fee is $105 to $145 per month.

        

Properties For Sale as of 12/2/13

Sold Properties Year To Date.

Summary of above nine properties sold analysis.

 

 

For Rent

Balmoral Estates Rented Properties (year to date)

*Source –Miami Board of Realtors MLS Data

 

If you would like  an in depth study of any community in Doral, I’ll be happy to provide it to you. Just let me know.

 

The Recuset Team is with RE/MAX Premier Associates. Richard Recuset is a REALTOR®, team leader, Short Sale Agent, Listing Marketing Specialist,Certified Distressed Property Expert (CDPE), Certified Internet Professional, Resort & Second Home Property Specialist, and an Accredited Commercial Professional (ACP), serving the City of Doral, Fl., and surrounding areas.

When you hire The Recuset team for your real estate needs, you not only get highly qualified professionals on your side, but also access to information, markets, technology and a team of experts from around the world.

You also tap into a global network with vast experience in residential and commercial real estate. That network comprises thousands of dedicated individuals, all with just one thing in mind: producing the best possible results for our clients.

*Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advise and is for information purposes only.

Condo / Townhouse prices in Doral

Forget about what your next door neighbor, friend or relative told you. The following are factual numbers from the board of realtors. So let’s take a look at how the Doral Condo Real Estate Market has really been doing.

As you can see prices per square foot have gone up roughly 22.5% from Dec. 2011 up until Feb. 2013. That is significant. There are less than 10 (2+ Bdr.) units under 200K available west of 87 AVE at this time.

We got the facts, so don’t let anyone tell you otherwise.  Feel free to call or write us for more detailed information about your specific real estate needs.

Oh! By the way, buyer demand for residential homes continued to outpace supply. Tight inventory conditions have been cited as leading to higher prices and reduced time on market. We need inventory, so call us to sell your home fast and hassle free.

teamDoral is a RE/MAX Premier Associates Group. Richard Recuset is a REALTOR®, team leader, Short Sale Agent, Listing Marketing Specialist,Certified Distressed Property Expert (CDPE), Certified Internet Professional, and an Accredited Commercial Professional (ACP), serving the City of Doral, Fl., and surrounding areas.

When you hire team-DORAL for your real estate needs, you not only get highly qualified professionals on your side, but also access to information, markets, technology and a team of experts from around the world.
You also tap into a global network with vast experience in residential and commercial real estate. That network comprises thousands of dedicated individuals, all with just one thing in mind: producing the best possible results for our clients.

*Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advise and is for information purposes only.

                                   10728 NW 58 ST, Doral, Fl 33178

Doral Realtor Specialist Awarded

Local Agent Earns REALTOR e-PRO® Certification

Richard Recuset, Doral Realtor Specialists & Team Leader of Team Doral-A Remax Premier Associates Group has successfully completed the REALTOR e-PRO course to become one of a select few real estate professionals to earn the prestigious certification offered through the National Association of REALTORS.®
The REALTOR e-PRO® certification course is an educational program unlike any other professional certification or designation course available, comprehensive
and interactive. It is specifically designed to provide real estate professionals with the technology tools needed to assist consumers in the purchase or sale of a
home.

With more than 80% of consumers beginning their real estate research on the Internet, e-PRO certified agents have the experience and expertise to meet the
demands of today’s buyer and seller. “The real estate industry has undergone a fundamental change over the past several years,” said Richard Recuset Doral Specialist with teamDoral- A Remax Premier Assoc. Group. “A majority of consumers are taking the time to conduct their own research prior to contacting an agent. In turn, real estate professionals must be knowledgeable of how technology can assist them in serving the needs of the buying and selling public.”

The exclusive REALTOR e-PRO® certification course is presented entirely online and certifies real estate agents and brokers as Internet professionals. Because of its innovative design, students are able to complete the course at their own pace, when and where they want, via any Internet connection. The course is designed to help REALTORS® stay at the leading edge of technology and identify, evaluate and implement new Internet business models.

Once completed, the e-PRO certified real estate professional joins the ranks of a special community of highly skilled and continuously trained professionals who provide high quality and innovative online-based real estate services. Consumers can identify the e-PRO through the exclusive e-PRO Internet Professional logo.
Both the content and the delivery platform were created by San Diego-based technology company InternetCrusade®.

The course instructs participants in the professional use of e-mail, the development of an interactive Web site, and the use of online research tools. Graduates use the skills they’ve acquired to provide clients information on properties for sale, local communities, and the local real estate market.

For more information, e-mail Richard Recuset CDPE, ACP, e-Pro at
Richard@teamDoral.com, 786-287-9272

Shameless plug, I know. But it’s all for you!

teamDoral is a RE/MAX Premier Associates Group. Richard Recuset is a REALTOR®, team leader, Short Sale Agent, Listing Marketing Specialist,Certified Distressed Property Expert (CDPE), Certified Internet Professional, and an Accredited Commercial Professional (ACP), serving the City of Doral, Fl., and surrounding areas.

When you hire team-DORAL for your real estate needs, you not only get highly qualified professionals on your side, but also access to information, markets, technology and a team of experts from around the world.
You also tap into a global network with vast experience in residential and commercial real estate. That network comprises thousands of dedicated individuals, all with just one thing in mind: producing the best possible results for our clients.

*Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advise and is for information purposes only.

                                   10728 NW 58 ST, Doral, Fl 33178

REMAX Is The #1 Real Estate Company

RE/MAX has been named the No. 1 real estate franchise.

This is the 10th time in the last 14 years that RE/MAX has won the honor of being the No. 1 real estate franchise in the survey that is dominated by iconic brands such as Subway, 7-Eleven, Pizza Hut and McDonald’s.

"We are pleased, but not surprised, to be ranked No. 1," said RE/MAX CEO Margaret Kelly. "Our Sales Associates, Broker/Owners and regional master franchisors are talented groups who help each other excel whatever the market conditions. The 40th anniversary of RE/MAX in January is a tribute to our company’s agent-centric philosophy and the innovative entrepreneurs that it attracts."

Finishing behind RE/MAX in the real estate category were:

2. Weichert Real Estate Affiliates

3. Realty Executives International

4. Keller Williams Realty

5. ERA Franchise Systems

6. Better Homes and Gardens Real Estate

No other real estate franchises were ranked.

Entrepreneur franchise ratings are based on financial strength and stability, growth rate and size, and startup costs. In the U.S., RE/MAX leads the industry in per-agent productivity* and has No. 1 market share. Nobody in the world sell more real estate than RE/MAX.

Resource materials for use in listing and recruiting are being prepared for RE/MAX Affiliates and will be available in early January.

* Based on comparison of real estate franchise brokerages participating in the 2012 REAL Trends 500 report.

teamDoral is a RE/MAX Premier Associates Group. Richard Recuset is a REALTOR®, team leader,  Short Sale Agent, Listing Marketing Specialist,Certified Distressed Property Expert (CDPE), Certified Internet Professional, and an Accredited Commercial Professional (ACP), serving the City of Doral, Fl., and surrounding areas.

When you hire team-DORAL for your real estate needs, you not only get highly qualified professionals on your side, but also access to information, markets, technology and a team of experts from around the world.
You tap into a global network with vast experience in residential and commercial real estate. That network comprises thousands of dedicated individuals, all with just one thing in mind: producing the best possible results for our clients.

*Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advise and is for information purposes only.

                                   10728 NW 58 ST, Doral, Fl 33178

Trulia, Zillow not so Accurate

The following article sheds light on the accuracy or lack of, of real estate data supplied by third party vendors. I hope the word gets out more because It would certainly make my life as a REALTOR a lot easier. It always seems like an up hill battle when I come across someone that is dead set on the information obtained by other than the board of realtor’s facts. Pleaser read on and again, take what you see on each of these sights with a grain of salt.

Study: Trulia, Zillow less effective than Realtors

SEATTLE – Oct. 4, 2012 – The WAV Group, an independent real estate industry research analyst, studied 33 zip codes in 11 U.S. markets to analyze the accuracy of website listing services.
According to the study funded by Redfin, online listing services such as Trulia and Zillow didn’t have the same accuracy as broker-owned websites, in large part because licensed agents have direct access to a local Multiple Listing Service (MLS).
According to the WAV Group release, “local real estate brokerage websites give consumers the most complete, accurate and timely information about homes for sale.”
The study evaluated sites from three local real estate brokerages that help consumers buy and sell homes. It compared those brokerage’s listing search results to two national portals, Trulia and Zillow.
In the markets analyzed, the study concluded:
• Local real estate brokerage sites display 100 percent of agent-listed homes for sale compared to about 80 percent on the national sites.
• Local real estate brokerage sites show newly listed homes for sale seven to nine days earlier than national portals.
• Local real estate brokerage sites almost never show a home listing as active after it has been sold; about 36 percent of listings that appear as active on national portals are no longer for sale.
• The WAV Group, a national consultancy specializing in real estate technology, conducted the study. Independent analysts verified the study data, record by record.
Redfin, a technology-powered broker with more than $5 billion in home sales, sponsored the study. Listing data from the websites of Long & Foster, one of the largest independent real estate brokerages in the U.S. and Windermere, the largest regional real estate brokerage in the Western U.S., was also included in the study.
“We analyzed … more than 6,000 listings in 33 zip codes in 11 markets (and compared) the data on various websites against 14 local Multiple Listing Services,” says WAV Group CEO Victor Lund. “The findings are clear: real estate brokerage websites showed by far the most homes for sale, recognized which homes were no longer for sale, and displayed new listings much earlier.”
According to WAV Group, the brokers’ advantage comes from direct access to local real estate databases. Only real estate brokers are members of a local MLS. In contrast, national portals usually rely on real estate agents or brokers to re-post MLS listings, or the portals aggregate data from real estate information syndicators.
Since syndicators wait until an agent updates a listing, the full results can be inaccurate. With a broker’s MLS-based service, most listings are updated in real time, typically every 15 to 30 minutes.
According to the study, it took a median of nine days for a listing to appear on Trulia or Zillow after it appeared on a real estate broker’s website. Homes, once sold, also appeared to be active listings for a while on Trulia and Zillow.
Markets included in the study: Boston, Chicago, Denver, Los Angeles, Philadelphia, Phoenix, Portland, San Diego, San Francisco, Seattle and Washington, D.C.
© 2012 Florida Realtors®

Source:http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=1&id=28196

teamDoral is a RE/MAX Premier Associates Group. Richard Recuset is a REALTOR®, team leader,  Short Sale Agent, Listing Marketing Specialist,Certified Distressed Property Expert (CDPE), Certified Internet Professional, and an Accredited Commercial Professional (ACP), serving the City of Doral, Fl., and surrounding areas.

When you hire team-DORAL for your real estate needs, you not only have highly qualified professionals on your side, but also access to information, markets, technology and a team of experts from around the world.
You tap into a global network with vast experience in residential and commercial real estate. That network comprises thousands of dedicated individuals, all with just one thing in mind: producing the best possible results for our clients.

*Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advice and is for information purposes only.