5 Tips For Selling Your Home

During The Coronavirus Pandemic

While some sellers are deciding to pull their homes off the market and try to sell at a different time, that may not be an option for everyone.

With that in mind, if you are trying to sell your home in this market, there are some things that you can do to help keep everyone involved as safe and …READ MORE

10 Best-Kept Secrets for Selling Your Home

They are not necessarily secrets but common sense. These tips actually work.…READ MORE

Sellers that haven’t been able to sell their property in this market should re-evaluate their strategy and adjust 

accordingly based on the current market circumstances. 

Timing is everything. 

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

Inventory remains below 30, with only 29 active listings this week. That continues to represent a significant reduction in inventory compared to last year. This is good news for sellers. The bad news is CORONAVIRUS that has slowed things down a bit due to precautions taken and current social distancing recommendations. However, we are optimistic that things will improve once again by summer.

Fourteen listings are priced over $500,000.

One property is listed over $1,000,000.

Three active listings have had a price reduction (1 this week). This usually means that the property is overpriced. However, given the current low inventory, sellers are recognizing that market is in a strong seller’s market and there are less price reductions as the inventory decreases. Once we get over this virus situation Sellers thinking about selling should act quickly and get their property on the market. Prices remain strong. Mortgage Interest rates remain low.

The demand is high for properties under $400,000. There are only 7 listings under $400,000. This will make it more difficult for buyers looking in that range because of the competition from other buyers. Multiple Offers expected for entry level buyers. Eight (8) are priced between $400-500,000.

Timing is everything. If you re on the fence about selling, now is the time to get off and put your house on the market.

3 active listings have had a price reductions (0 this week). 

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

However, sellers are recognizing the market change.  

There are less price reductions as the inventory decreases.

Sellers that haven’t been able to sell their property in this market should re-evaluate their strategy and adjust 

accordingly based on the current market circumstances. 

Timing is everything. 

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

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

Attention Sellers!

Low Inventory + Low Interest rates = Sellers Market.

Act Now!

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

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. 

Request it at:  charlie@leonardrealestategroup.com

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