Santa's Mailbox has Arrived
Thank You
to all who attended our office Christmas Party
Your patronage is greatly appreciated and your company was thoroughly enjoyed!
Should I Offer a Discount When Selling My Home?
When your home is on the market, it needs to stand out from the crowd. And certain features like beautifully appointed open kitchens or impeccable hardwood floors are great at drawing eyeballs for listings. But what if you can't afford to renovate—even if certain things have fallen into a state of serious disrepair? Some sellers may choose to …READ MORE
2020 Will See ‘Historic Low Level’ Of Housing Inventory
Demand for homes will be strong next year, but homebuyers will have few options. In fact, according to a new forecast for 2020, next year may just see the biggest housing inventory shortage in U.S. history. According to the 2020 National Housing Forecast from Realtor.com, the national housing shortage will continue in the New Year, possibly reaching “a historic low level.”...READ MORE
The Miami Springs & VG markets continue to be strong.
Inventory remained stable.
This is good for buyers and sellers
32 active listings this week, with 3 new ones
4 closed sales this week
11 listings under $400,000 (Note:The inventory in this price range has increased during the last few weeks)
9 listings between $400,000 and $500,000
12 active listings are priced over $500,000
1 properties are listed over $1,000,000.
16 active listings have had a price reductions (3 this week).
What does this mean? Usually, the property was overpriced from the beginning. The sellers are recognizing the market is changing. 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 November 29, 2019, through December 6, 2019 there were reported 3 new listings, 4 closed sales, 4 pending sales, 1 active with contract, 1 expired listing, 0 cancelled listings, 0 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 + Increasing prices = Sellers Market.
The Market will change. Act Now!
The table below shows the current status of the Miami Springs/VG real estate market as of Friday, December 6, 2019. 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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