Ramesh Nyberg's Real Estate Blog

Call it a hiccup, or whatever you want, but things are looking brighter after our feelings of dis-MAY. Last May. (Kudos to you old schoolers who remember that little play on words from Allan Sherman- My Son the Folk Singer, one of the funniest recordings ever).

So June had lots of bright spots, most of all that the typically active price ranges ($300,000 and below) showed pending sales outpacing the increase in inventory. Hope that keeps up! Foreclosures continue to make up the majority of sales under $100,000. See the breakdown on the home page of this website, "Miami-Dade at a Glance." You can't miss it, I splashed it right smack in the middle so that its really the first thing you see. If you like this chart, tell me, and spread the word. If you don't, or find it confusing, let me know that too, please.

As far as the municipalities go, you'll notice I focus on just my market area, which includes Coral Gables, the Grove, Pinecrest, Palmetto Bay, and Cutler Bay. If you check the charts (click on $ales By the Numbers, at left), you'll see some recovery trends, or at least an encouraging entry into our summer market, which should continue to get better as buyers needing to move before the school year are now in a time crunch.
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Recently my sister came down from Minnesota to spend a few days with me, and that was really nice. Spots visited included Holiday Isle in Islamorada, Bayside Marketplace, and on July 4th, my nephew's restaurant in Ft. Lauderdale, Da Campo Osteria, right on the intracoastal. Nephew Josh is the head chef, and wow, did we get a treat that night. Sunday is "family dinner" night at Da Campo, and we enjoyed a 5-course meal that started with an antipasto serviing of mozzarella cheese made from scratch, right at the table. That was fun to watch and even better to eat, with the several sumptious toppings that came with it. If you ever want a fine, authentic Italian meal, go there and tell Josh I sent you.
Ninety minutes and thousands of calories later (the finale was Blueberry Bread Pudding with vanilla ice cream), we drove home with fireworks popping all around us on the drive.