TOP 10 U.S. HOME BUYING TRENDS FOR 2021

In this elongated era of COVID-19, Zillow has just announced the TOP 10 housing trends to watch for in 2021 to adjust to living in this environment for the foreseeable future. Zillow's top housing trends of 2021 include:

ZOOM ROOMS A Zillow survey found a desire for a home with a dedicated office tops the list of reasons why Americans working from home say they would consider a move, if they were to continue working remotely at least…

HOMECATION AMENITIES With lots of time and nowhere to go, homeowners are coming up with creative solutions to create vacation-vibes right at home. "Pool" was the top Zillow keyword search term in 2020. "Waterfront" and "dock" also landed in the top ten. Additionally, homeowners may be looking for…

INTERGENERATIONAL LIVING Intergenerational living will rise in popularity as young adults and grandparents alike find themselves moving in with family for financial and health reasons. According to Generations United, about one in six Americans currently live in multigenerational households, and this year, the share… READ MORE

SELLERS, THIS IS THE MOMENT! SELL NOW!

The inventory remains tight, but increased theweek. There are 23 listings this week. The market is still hot and that is great news for Sellers. Please refer to the articles posted on our website.

Fourteen (14) listings are priced over $500,000. One (1) property is listed over $1,000,000. Eight (8) active listings have had a price reduction (3 this week). We are still in a Seller’s market, but many uncertainties lie ahead with the pandemic resurge, impact of the elections, economy, and likely increased inventory.

MULTIPLE OFFERS ARE BACK AND LISTINGS ARE SELLING OVER LIST PRICE!!

Mortgage interest rates remain historically low, and there are serious Buyers buying! Timing is everything. The demand is high for properties under $400,000. There is ONLY ONE (1) listing under $400,000. The lowest priced active listing is $369,000. This makes it more difficult for Buyers looking in that range due to competition from other Buyers. Competition from multiple offers have become more frequent. Eight (8) properties are priced between $400,000-$500,000. Nine (9) properties are priced between $500,000-$700,000. Four (4) properties are priced between $800,000 and over $1 million.

Property price reductions? 
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.

A GREAT TIME TO BUY OR SELL!

During the period of January 1, 2021 through January 8, 2021 there were reported 1 new listing, 1 closed sale, 1 pending sale, 0 active with contract, 1 expired listing, 0 cancelled listings, 3 Temp off market, 3 price reductions and 1 price increase.

Attention Sellers!
Low Inventory + Low Interest Rates = Seller's Market.
Act Now!

The table below shows the current status of the Miami Springs/VG real estate market as of Friday, January 8, 2021. 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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