Beth Kipnis

Rental Properties Category

Rentals Rule At the Moment

I handed over the keys to the new tenants at 2 of my rental listings on Sunday, and it got me to thinking. How big is the rental market right now? As my research covering area 41 confirmed, there are a LOT more rentals than sales being done this month. (For those of you not in my business, area 41 is part of the imaginary grid realtors use for property identification. Area 41 includes Coconut Grove, Coral Gables, South Miami, the Roads and Shenandoah.)

In the last 14 days a total of 525 properties have come on the market. Ninety-three are single family homes, 192 are condos and townhouses, and 240 are rental properties. Granted, the total of homes for sale equals 285, but the amount of rentals isn’t far off that number.

Looking at pending properties there are 157 single family and condos or townhouses under contract, compared to 154 rentals.

The real eye-opener is what has actually closed in the last two weeks. Of the 431 closings, 323 of them were rental properties. That’s three times the amount of rental properties closed compared to condos and homes!

Statistics like this clearly point out the need to put the property you are selling at a very compelling price. If buyers aren’t finding a home that shouts “Buy me now!” it’s easy for them to keep looking at other homes or rent for a while.

If you are buying, selling, or renting let a local specialist help you. I’m always available at 305 794.6570 or you can leave me a note and I’ll get back to you immediately.

To stay updated with all local real estate information, receive my blog posts via email by subscribing here.  Once you register, you must activate the subscription in a follow-up email.

Share

What’s For Rent in Coral Gables Today?

If you are looking to rent a home in Coral Gables right now there is plenty from which to choose. From a 2 bedroom/one bath home in the northern end of the Gables for $2000 a month to an oceanfront mansion in Tahiti Beach for $35,000 a month, it seems the needs of anyone can be met here.

Checking for single family properties that are unfurnished I find 62 homes on the market. The median asking price is $4500 and the median square footage is 2498.

Click here to see all available rental homes in Coral Gables

The two homes mentioned above, by the way, are 904 Wallace Street and 5 Tahiti Beach Road. The 2/1 bungalow home on Wallace was built in 1950 and has new appliances, wood floors, and a garage.  The mansion on Tahiti Beach has 10 bedrooms and nine bathrooms in 11,553 square feet with its own private beach, 3 car garage and every conceivable convenience and embellishment.

If you are looking to rent, buy or sell a home in Coral Gables, please give me a call at 305 794.6570 or leave me a note. You can receive my posts directly in your email. Look for a follow-up email to activate your subscription!

Share

New Rental At Provence Village Townhouses in Coconut Grove

Provence Village is a community of 22 two-story townhouses in center Coconut Grove built in 1998.  They sit in a beautifully shaded stretch of Center Street between Bird and Shipping Avenues, just a few blocks from the action in the downtown Grove, the dog park on Virginia Street, and the Coconut Grove Metrorail Station. Talk about convenient to everything!

I’ve just listed for rent one of the front row of townhouses that have private gated gardens with entrances onto the street. Although all the units have the same floorplan, I like the expanded outdoor room that comes with the eleven streetfront townhouses, as well as the covered front entryway inside the garden.

The rental address is 3041 Center Street, squarely in the middle of the row, and the price is $1700 per month. The owner will rent it for a year or longer. Pets up to 40 lbs are allowed, there is a washer and dryer inside, and this unit has two assigned parking spaces!

[slideshow id=4]

 Details of 3041 Center Street:

• 2 Bedrooms,  One and a Half Bathrooms
• Ceramic Tiles Downstairs and Hardwood Floors Upstairs
• Master Closet With Built-ins
• Kitchen with Stove, Oven, Microwave, Disposal, Fridge, Double Sink, & Lots of Storage
• Washer and Dryer
• Pets Allowed
• 2 Assigned Parking Spaces Behind the Security Gate
• $1700 Per Month

 I have friends who live in Provence Village, and like it for its convenience to everything and the sense of community here. There are other similar sized townhouses to rent in the area, and you can check them out below.

Click here to see all the two bedroom townhouses available for rent now in the center Grove

If you would like to see 3041 Center Street or any rental in Coconut Grove just give me a call at 305 794.6570. You may also leave me a message  and I’ll get back to you.

Share