Another Record Year !!!

It is with sincere gratitude and appreciation that we thank our clients, both old and new, for making this past year a record-breaking year for us at The Leonard Real Estate Group.

Your support, loyalty and friendship is the reason for our success and we appreciate the opportunity to have served you in the past and to serve you in the future.

We continue our commitment to provide you with exceptional, professional and honest service as has been our tradition.

Again, if you are ready to buy or sell, we are ready to earn your business.

We wish you all the very best in 2021, but most of all, Health, Love and Happiness!

Thank you,

Charlie Leonard
Broker

SELLERS, THIS IS THE MOMENT! SELL NOW!

The inventory remains tight, but increased this past week. There are 25 listings this week. The market is still hot and that is great news for Sellers. Please refer to the articles posted on our website.

Sixteen (16) listings are priced over $500,000. One (1) property is listed over $1,000,000. Eight (8) active listings have had a price reduction (2 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. Seven (7) properties are priced between $400,000-$500,000. Nine (9) properties are priced between $500,000-$700,000. Five (5) 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 December 25, 2020 through January 1, 2021 there were reported 3 new listings, 2 closed sales, 1 pending sale, 1 active with contract, 2 expired listings, 0 cancelled listings, 0 Temp off market, 2 price reductions and 0 price increases.

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 1, 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:  [email protected]

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