10 Home Improvement Projects

That Return The Most At Resale

If you want to get the biggest return on your investment in home renovation projects, it would be wise to take your to-do list outdoors. The 2020 Cost vs. Value report by Remodeling magazine found that nine out of the top 10 high-return projects are exterior replacement projects. Only the minor kitchen renovation rivals the rate of return of most exterior projects.

Whether you are just thinking about …READ MORE

Foreclosures a Non-Event Now

Activity Hits 15-Year Low

ATTOM Data Solutions’ Year-End 2019 U.S. Foreclosure Market Report finds that foreclosure filings – default notices, scheduled auctions and bank repossessions – were down 21% from 2018 and down 83% from a peak of nearly 2.9 million in 2010. It’s the lowest level of foreclosures since ATTOM began tracking them in 2005. Bank repossessions alone are… READ MORE

Inventory is even Tighter this week in Miami Springs & VG

There are only 20 active listings this week. 

 In 2019 my report showed 48 active listings. 

 This represents a over 50%  decrease in inventory in one year.

This is especially good for sellers

20 active listings this week

4 closed sales this week

7 listings under $400,000 (Note:The inventory has tightened in the last month)

5 listings between $400,000 and $500,000

8 active listings are priced over $500,000

1 properties are listed over $1,000,000.

7 active listings have had a price reductions (3 this week).

What does this mean? Usually, the property was overpriced from the beginning.

Prices are not increasing as fast as the last several years.
Sellers should not miss potential buyers and deal with increased competition
Sellers that haven’t been able to sell their property in this market should re-evaluate their pricing, strategy and adjust accordingly based on their market circumstance.

Timing is everything.

If you re on the fence about selling, get off and put your house on the market.

During the period of January 10, 2020 through January 17, 2020 there were reported 3 new listings, 4 closed sales, 1 pending sale, 4 actives with contract, 0 expired listings, 2 cancelled listings, 3 Temp off market, 3 price reductions and 0 price increases. Interest rates remain low. A GREAT TIME TO BUY OR SELL.

Attention Sellers!

Low Inventory + Low Interest rates = Sellers Market.

Act Now!

The table below shows the current status of the Miami Springs/VG real estate market as of Friday, January 17, 2020. All closed sales are within the last 90 days.

HOW DOES YOUR HOUSE COMPARE?

*Disclaimer: The data relating to real estate displayed on this website and the chart above comes from the Miami Board of Realtors MLS. All listing information is deemed reliable but not guaranteed and can be independently verified.

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. Request it at: charlie@leonardrealestategroup.com

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