If you have been reading my weekly update reports of the Miami Springs market and following the latest real estate reports in the news this last week, then you know, THE MARKET IS CHANGING.
Inventory continues to increase while increasing prices have slowed down. In fact, 29% of the current Miami Springs active listings have had a price reduction. That is a significant number.
When you look at the days on the market statistics, you also see an increase. This means houses are taking longer to sell.
- We have a low interest rate environment.
- We have an increase in inventory.
- We have an increase in Days on the market.
- WE NOW HAVE A BUYERS MARKET.
Buyers, now is the time to buy. Interest rates are GREAT! There are plenty of houses to choose.
Sellers if you are thinking about selling get serious now. The competition is increasing (more inventory).
What is the true value of your home in Today’s market? Call me, and I'll tell you how much your house is worth and why, through our personalized, free CMA (comparative market analysis)
The Miami Springs Real Estate market continues to be full of activity. During the period of Friday July 8, 2016 through July 15 2016, there were 4 new listings, 2 closed sale, 0 pending sale and 0 expired listings.
The table below gives you a clear picture of the Miami Springs real estate market as of Friday July 15, 2016.
| Average Price/List/Sold/Pending Sale | Average Sq Ft | Average Price Per Sq Ft | ||
| Active | 52 | $507,140 | 2,171 | $233.60 |
| Closed Sales | 23 | $353,219 | 1,557 | $226.86 |
| Pending Sales | 24 | $394,787 | 2,038 | $193.68 |
HOW DOES YOUR HOUSE COMPARE??
A complete list of all the properties for sale in Miami Springs or any other area of Miami Dade County can be sent to you on regular basis, text me or call me at 305 726 8416. I'd like to hear from you.
CONDO MARKET IN MIAMI SPRINGS
The condo market in Miami Springs is not very big or very active. There are currently three condos for sale in Miami Springs.
| 633 S Royal Poinciana Blvd | 2/2 | $180,000 | 907 Sq. Ft. |
| 685 Miller Drive | 2/2 | $169,900 | 838 Sq. Ft. |
| 688 Forrest Drive | 2/1/1 | $169,000 | 924 Sq. Ft. |
For more information on the Miami Springs Real Estate Market and other important information please visit our website at leonardrealestategroup.com
Beautiful Miami Springs. Tree City USA. Our secret paradise in Miami Dade County!
STAY INFORMED!
Disclaimer: The data relating to real estate displayed on this website comes in part from the Miami Board of Realtors MLS. All listing information is deemed reliable but not guaranteed
