Beautiful Miami Springs. Tree City USA. Our secret paradise in Miami Dade County!
People are nervous about the economy. They are concerned about property values. They call and ask me “Charlie should I sell now?, Should I buy now?, Are prices going to drop after the elections?”
The answer is yes, yes, and I don’t know.
Why it’s a good time to sell: Prices have been steadily climbing the last 5 years. There have been double digit percentage increases annually, however THAT HAS CHANGED. While property values continue to increase, they have SLOWED down to single digits. When will they reach the top and begin to come down is anyone’s guess. But if we learned anything from the last bubble is that what goes up must come down.
Why it’s a good time to buy: Interest rates are at the lowest they have been in quite some time. It is cheap to borrow money now. However, interest rates will go up. If you have been thinking about buying, you should take advantage of these low rates which will make your mortgage payments much more affordable.
What will happen after the elections: It is not uncommon during a national election year to have uncertainty. As always the best action or decision to make is an educated one. Here at Leonard Real Estate we are uniquely equipped through our experience and knowledge of the real estate market to help you reach the decision that’s right for You.
The Miami Springs Real Estate Market
...continues to be full of activity. During the period of Friday July 1st, 2016 through July 8th 2016, there were 5 new listings, 1 closed sale, 0 pending sale and 2 expired listings.
| Average Price/List/Sold/Pending Sale | Average Sq Ft | Average Price Per Sq Ft | ||
| Active | 50 | $495,970 | 2,126 | $233.29 |
| Closed Sales | 23 | $347,131 | 1,571 | $220.96 |
| Pending Sales | 23 | $390,865 | 2,111 | $185.16 |
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 at 305 726 8416. I'd like to hear from you.
We had a great time participating in this year 4th of July Parade. It was good to see so many clients and friends celebrating. Thank You for your support, business and friendship.
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
