Death, Taxes and Inherited Homes

Losing a family member is never easy. Neither is figuring out how to deal with the home and possessions they leave behind. It often falls to real estate agents to help those who inherit homes from their departed loved ones. While navigating this emotional time can be tough, it can also be very rewarding to help home sellers make their way through this difficult process. Find tips and…READ MORE

What Does 'Days on Market' Mean?

How Buyers Can Take Advantage

In the real estate game, many buyers understand that knowing a home's days on market (DOM) is absolutely critical intel. Why? Because the number of days a home spends on the market directly affects the price of a home. Plus, this information:…READ MORE

Inventory has increased again. This is good for buyers. More properties to choose from as they search for their home.

49 active listings this week, with 4 new ones.

6 closed sales this week.

8 listings under $400,000

19 active listings are priced over $500,000.

4 properties listed over $1,000,000.

18 active listings have had a price reduction (3 this week). What does this mean? Usually, the property was overpriced from the beginning. Thesellers 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.

The Miami Springs & VG markets continue to be very strong. The demand is high for properties under $400,000. There are 8 listings under $400,000. How long will this sellers’ market last? Experts say a shift is on its way. Sellers that haven’t been able to sell their property should really evaluate their position in the market and adjust accordingly based on their circumstance. Prices remain strong. Interest rates are low. Timing is everything.

During the period of June 7, 2019, through June, 14, 2019 there were reported 4 new listings,6 closed sales, 1 pending sale, 0 active with contract, 0 expired listings, 0 cancelled listings, 3 price reductions. There are still very good buying opportunities for buyers because interest rates remain very good. IT ACTUALLY IS A GOOD 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, June 14, 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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