Real Estate Blog

CNN Ranks Doral City 51 in Nation
August 26th, 2008 12:12 PM
CONTENDER
Doral, FL
Top 100 rank: N/A
Population: 32,600
Compare Doral to Top 10 Best Places
Financial
City stats Best places avg.
Median family income $69,359 $90,316
(per year)
Family purchasing power $64,221 $82,867
(annual, cost-of-living adjusted)
Sales tax 7.00% 6.74%
State income tax rate n/a 6.38%
(highest bracket)
State income tax rate n/a 2.74%
(lowest bracket)
Auto insurance premiums $2,134 $2,121
(Average for the state)
Job growth % 54.65% 13.41%
(2000-2006)
Housing
City stats Best places average
Average home price $378,537 $359,352
Average property taxes $3,547 $3,585
-2006
See homes for sale
See million-dollar homes
Education
City stats Best places average
Colleges, universities and 20 29
professional schools (within 30 miles)
Junior colleges and 23 18
technical institutes (within 30 miles)
Test scores reading 27.00% 20.10%
(% above/below state average)
Test scores math 27.00% 24.80%
(% above/below average)
% students attending public/private 100.0/0.0 91.1/8.9
schools (located within town limits)
Quality of life
City stats Best places average
Air quality index* 75.10% 77.30%
(% of days AQI ranked as good)
Personal crime incidents (per 1,000) 5 1.3
Property crime incidents (per 1,000) 79 20.6
Median commute time 18.8 23.1
(in minutes)
% population with commute 9.90% 15.60%
45 mins. or longer
% population walk or bike to work 2.20% 2.70%
Leisure and culture
City stats Best places average
Movie theaters 38 30
(within 15 miles)
Restaurants 4,796 2,899
(within 15 miles)
Bars 304 287
(within 15 miles)
Public golf courses 88 125
(within 30 miles)
Libraries 61 71
(within 15 miles)
Museums (accredited by AAM; 13 11
within 30 miles)
Ski resorts (within 100 miles) n/a 17
Arts funding (Dollars per person of state funds spent on arts) 2 1
Weather
City stats Best places average
Annual rainfall 58.53 40.18
(inches)
% clear days in the area 20 28
High temp in July ° F 90.9° 86.1°
Low temp in Jan ° F 59.6° 24.0°
Health*
City stats Best places average
Has health plan 77.00% 90.50%
(% of residents)
Body mass index (avg. for residents) 27 27
Diabetes rates 12.40% 9.30%
(% of residents diagnosed)
Hypertension rates 33.10% 30.60%
(% of residents diagnosed)
Elder-care facilities** 68 107
Meet the neighbors
City stats Best places average
Median age 32.3 36.8
Completed at least some college 75.40% 72.40%
(% of residents)
Married 64.10% 60.80%
Divorced 7.70% 8.00%
Racial diversity index 66.4 59.2
(100 is national average; higher numbers indicate greater diversity)
Amount spent on vacations $8,025 $8,250
(domestic and foreign, household avg. per year)
*County data
**Elder-care services refer to skilled nursing and assisted living facilities. Data from Total Living Choices.

Posted by Robert Meneses on August 26th, 2008 12:12 PMPost a Comment (0)

Wachovia's Monthly Economic Outlook July 2008
July 14th, 2008 3:03 PM

Click here to read further into this topic.

 

 


Posted by Robert Meneses on July 14th, 2008 3:03 PMPost a Comment (0)

FDOT to Launch Major Improvements Project
July 10th, 2008 5:51 PM

NW 25th Street Reconstruction and Viaduct Project Begins Mid July 2007

Miami, FL In mid July 2007, the Florida Department of Transportation (FDOT) is scheduled to begin the NW 25th Street Construction project between the Palmetto Expressway (SR 826) and NW 67th Avenue (FIN No.’s 251185-2-52-01, 405665-3-52-01 and 251185-2-56-01). This project is expected to last approximately four years and cost an estimated $115 million. The project is designed to improve the flow of traffic and facilitate the movement of goods in and out of the cargo facilities at Miami International Airport (MIA) and will include:

· Total reconstruction of NW 25th Street from the Palmetto Expressway (SR 826) to NW 67th Avenue;

· Widening of NW 25th Street from just west of NW 70th Avenue to the Palmetto Expressway (SR 826) adding an additional westbound lane;

· Construction of a viaduct (an elevated bridge) situated along the north side of NW 25th Street which will have one eastbound and one westbound lane from just east of the Palmetto Expressway (SR 826) to NW 68th Avenue and NW 22nd Street, the area known as MIA’s West Cargo Area;

· Construction of a new road over the North Line Canal at NW 74th Avenue providing direct access to NW 25th Street;

· New signalization, street lighting, landscaping, water and sewer main and pedestrian features.

During construction there will be four lanes of traffic (two eastbound and two westbound) open from the Palmetto Expressway (SR 826) to NW 72nd Avenue and two lanes of traffic (one eastbound and one westbound) open from NW 72nd Avenue to NW 67th Avenue on NW 25th Street. In order to complete

key construction activities, lane closures will occur at various locations during the hours of 8:00 p.m. and 5:30 a.m., Sunday through Saturday. In addition, detours will be necessary to construct the viaduct over NW 25th Street at NW 68th Avenue and over NW 72nd Avenue. Information on these and any other detours will be provided well in advance. Access to businesses will be maintained at all times throughout the project.

The Project’s Public Information Specialist, Oscar Gonzalez, will be located at the FDOT Construction Field Office which will be at NW 25th Street and NW 68th Avenue. Please feel free to contact him at 786-280-0983 or the Senior Project Engineer, Nelson Perez at 305-216-5112 for additional project information. You may also visit www.fdotmiamidade.com for additional information and project updates.

The following tips will help ease travel through the construction zone: seek alternate routes if possible; allow extra time to reach your destination; drive the posted speed limit – reduced speed limits are strictly enforced; and obey all signs posted within the construction zone.


Posted by Robert Meneses on July 10th, 2008 5:51 PMPost a Comment (0)

High Gas Prices Driving Real Estate in New Directions
July 10th, 2008 10:18 AM

The $4-plus/gallon of gas threshold hit this summer has pushed the real estate industry in unforeseen ways -- fundamentally altering how it behaves and its understanding of markets.

It is changing the way brokers market property, how brokerages charge clients, how managers budget improvements, how tenants decide where to locate, how local governments are approaching development and transportation issues, how consumers decide where to spend money, how logistics firms manage their distribution centers, how landlords calculate their expense pass-throughs, and how lenders fund construction projects and acquisitions. It has investors adjusting their acquisition criteria and has asset managers recalculating cash flows. And these are just a few of the ways.

Written by Mark Herschmeyer

Costar Group


Posted by Robert Meneses on July 10th, 2008 10:18 AMPost a Comment (0)

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