What Is the Average Price per Square Foot
for a Home and Why Does It Matter?
If you're hoping to buy a house, the very first dollar figure you'll want to know is the home's price, of course. But a close second is its cost for each square foot—and the average cost for each square foot for a home in that neighborhood…Here's what you should know about these numbers, and how to use them to your advantage as you shop for a home.….READ MORE
How Much Are Closing Costs?
And How to Reduce Closing Costs
When you get a mortgageto buy a home, you'll have to pay closing costs: These fees, paid to third parties to help facilitate the sale of a home, typically total 2% to 7% of the home's purchase price. So on a $250,000 home, you can expect the amount to run anywhere from $5,000 to $17,500.
Now that you have a sense of the ballpark numbers, here's everything home buyers and home sellers need to know about…READ MORE
The Miami Springs & VG markets continue to be strong.
Inventory remained stable.
This is good for buyers and sellers
47 active listings this week, with 3 new ones
1 closed sale this week
6 listings under $400,000
24 active listings are priced over $500,000
3 properties are listed over $1,000,000. One of the Million+ properties is now a Pending Sale
18 active listings have had a price reduction (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.
During the period of August 23, 2019, through August 30, 2019 there were reported 6 new listings, 2 closed sales, 2 pending sales, 2 active with contract, 0 expired listings, 1 cancelled listing, 4 Temp off market, 3 price reductions and 1 price increase. Interest rates remain very good. 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, August 30, 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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however, we service all of South Florida
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