The Housing Market in 33155 and 33165
The Miami Herald gives me a rather unique opportunity two survey parts of two neighborhoods in Miami Dade County. This survey done weekly and it consists of a passive visits to about five hundred residences. I deliver advertising flyers to houses that are not subscribers to the Miami Herald.
The neighborhoods range from modest 1-2 bedroom condominiums that were converted from rentals to really nice and big houses that circle Lake Catalina and Blue Lake. Both neighborhoods are centrally located, near parks, expressways, and shopping.
I have delivered Herald Values to these neighborhoods for almost four years and have watched the housing market, advertisers interested in the area, and talk to more than a few people who live in neighborhood regularly.
My next few posts to this blog will give my opinion on what seems to be happening in these typical Miami Neighborhoods.
In 33155 properties along Lake Catalina are receiving major makeovers. At the corner of Miller and 82 Avenue an older but custom property was taken down and a new larger house was built. Three other properties between 48th and 56th have had or are currently construction sites and the insides are getting ripped out and being modernized. Less extensive remodeling is taking place along 47th Street and to confirm a Miami article prices are or will be going up in this neighborhood. You don't see for sale signs anywhere although I'm sure there are bank owned properties and people just trying to hold on as the "recovery" is starting.
In 33165 I deliver my "product" to fewer houses that are lakefront properties, but similarly these houses are getting fixed up. For sale signs don't last long but there are a significant number of vacant houses that will need fixing up before they can be sold. And probably most significantly the distress in the area back in 2009-10 is not as obvious. The County Zoning Department has been active in inspecting vacant houses and pressuring owners and banks to secure properties. Another hopeful sign has been an updating of a strip mall on Miller.
The economic activity in the area is welcome and while this does not have any impact on circulation of the Herald, there are more advertisers that are distributing flyers and as long as they pay their bills I doubt they will be serious problems in the alternative delivery system.
Things are getting better but it has been a difficult slog over the last three plus years.
The neighborhoods range from modest 1-2 bedroom condominiums that were converted from rentals to really nice and big houses that circle Lake Catalina and Blue Lake. Both neighborhoods are centrally located, near parks, expressways, and shopping.
I have delivered Herald Values to these neighborhoods for almost four years and have watched the housing market, advertisers interested in the area, and talk to more than a few people who live in neighborhood regularly.
My next few posts to this blog will give my opinion on what seems to be happening in these typical Miami Neighborhoods.
In 33155 properties along Lake Catalina are receiving major makeovers. At the corner of Miller and 82 Avenue an older but custom property was taken down and a new larger house was built. Three other properties between 48th and 56th have had or are currently construction sites and the insides are getting ripped out and being modernized. Less extensive remodeling is taking place along 47th Street and to confirm a Miami article prices are or will be going up in this neighborhood. You don't see for sale signs anywhere although I'm sure there are bank owned properties and people just trying to hold on as the "recovery" is starting.
In 33165 I deliver my "product" to fewer houses that are lakefront properties, but similarly these houses are getting fixed up. For sale signs don't last long but there are a significant number of vacant houses that will need fixing up before they can be sold. And probably most significantly the distress in the area back in 2009-10 is not as obvious. The County Zoning Department has been active in inspecting vacant houses and pressuring owners and banks to secure properties. Another hopeful sign has been an updating of a strip mall on Miller.
The economic activity in the area is welcome and while this does not have any impact on circulation of the Herald, there are more advertisers that are distributing flyers and as long as they pay their bills I doubt they will be serious problems in the alternative delivery system.
Things are getting better but it has been a difficult slog over the last three plus years.
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