Key Trends November 2015

Key Trends | November 2015

Key Trends

We’re proud to announce the launch of our new website, thecotogroup.com! Our online home features user-friendly links to community profiles and exclusive luxury listings. We’re grateful for our new “digital digs” as we head into Thanksgiving 2015. But we’re especially thankful for our valued friends and clients who entrust us to represent their most significant investments in our community and around the world. Enjoy the start of the holiday season!

MARKET TRENDS

Key Biscayne condo sales continued a strong upward trend during the second and third quarters of 2015. Compared to the same six month period in 2014, the average sale price increased by 8% while the number of units sold also increased by 8%. On average, condos sold in 101 days which is 16% faster than in 2014. Today’s Key Biscayne condo inventory remains stable with 169 units actively for sale. Average asking price is $925/SF. Our team is is always on top of the market data in order to best serve your needs. Contact us for further guidance on savvy real estate investments.

Key Biscayne condo

GLOBAL PERSPECTIVE

Sotheby’s Latin American Art has produced some of the most highly publicized auctions in recent memory. This year is no different and The Coto Group will continue our support of the events through attendance and connecting clients to the unique experience at the Sotheby’s Auction House in NYC. From November 19 – 20, attendees have access to the Latin American art shows. Modern Art sessions focus on leading artists engaged in traditional landscape painting, portraiture, Cubism, Mexican Muralism, Surrealism, Social Realism and more. Contemporary Art sessions are dedicated to new trends from the Americas. Reach out if you’d like to get connected with this Sotheby’s event or with the Auction House regarding your collection.

Global Perspective
DEVELOPMENT SPOTLIGHT

This month, Our firm kicked off a networking series in Manhattan aimed to further unite to Sotheby’s agents from NY and Miami. WithNew Yorkers increasingly looking to Miami as the “Sixth Borough,” the benefit of these strong agent ties leads to faster sales and a fortified pool of highly qualified buyers. A recent forum hosted by The Real Deal confirmed this trend, as panelists reported that the educated NY buyers are fascinated by Miami’s hot new development opportunities.

We look forward to representing the best of what the South Florida lifestyle has to offer as we welcome new neighbors to our shores.

LOCAL INTERESTS

Giving Thanks Luncheon for Adults:

November 19 at 12PM. Key Biscayners are invited to celebrate the spirit of the season at the Community Center. All proceeds benefit local charities in the Miami area. Info here.

Miami Book Fair International:

November 15 – 22. The gathering presents more than 350 international authors during its eight-day run. It’s not only the most widely anticipated literary event in the city, but also the foremost affair of its kind in the nation. Info here.

FEATURED LISTINGS NEW FOR SALE

Ocean Club, Lake Villa II #301
3 Bed | 3 Bath | 2,060 SF
Offered at $1,750,000
Grand Bay Towers #708
3 Bed | 3 Bath | 2,840 SF
Offered at $2,650,000

TOKB #F804                     GBT #708

 

Towers of Key Biscayne #F804
1 Bed | 1 Bath | 1,114 SF
Offered at $539,000 for sale
or $3,000 for rent
Recently Closed
Oceana Key Biscayne, #1106S
3 Bed + Staff | 3 Bath | 2,406 SF
Offered at $4,100,000

#f804          Oceana#1106s

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