15 Jul 2018

Miami Springs Real Estate Market Report July 13th, 2018

by leonardrealestategroup | posted in: blog | 0

Warning: House Flipping Fever

Can Be Contagious

Flipping homes has never been so popular. According to ATTOM Data Solutions, 207,088 single-family homes and condos were flipped last year alone. That's almost 3,000 more than in 2016, and the highest level of flipping activity since 2006. Don't be misled by TV shows and real estate gurus who make it sound easy. Buying, fixing and reselling a home for profit is….READ MORE

Bump Clauses’ Help Seal Win-Win Deals

A bump clause lets sellers enter into a contract with a buyer while still continuing to market the property. If the sellers get a better deal, they can “bump” the original buyer.

It’s most commonly used when a buyer’s offer has...READ MORE.

$1 Million: What It Buys in the U.S. Housing Market

One-million dollars is a lot of money to most of the world’s population, but it’s a drop in the bucket to a billionaire. The housing market in the U.S. seems to have a similar relationship with homes valued between $900,000 and $1.1 million: Some of them are sprawling estates, while others are considered middle-of-the-road homes. HouseCanary examined homes valued around $1 million in different … READ MORE

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The Current Miami Springs Market

The Miami Springs and Virginia Gardens markets continue to be very strong.

The inventory remains low. This was a slow week, mainly due to the lack of affordable entry level homes.. Approximately a 4 month housing supply. There are very good buying opportunities for buyers since decline of interest rates in recent weeks. Great time to sell or buy.

During the period of July 6th, 2018 through July 13th, 2018 there were 0 new listings, 0 closed sales, 1 pending sale, 0 expired listings.

The table below shows the current status of the Miami Springs/VG real estate market as of Friday, July 13th, 2018. All closed sales are within 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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