Miami Springs Real Estate Report Week of May 23rd, 2016

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Beautiful Miami Springs, Tree City USA.  Our secret paradise in Miami Dade County!

Last week I asked, "Does size really matter when selling your home in Miami Springs?"

The answer is unequivocally Yes.  Homes in Miami Springs that are Under 1700 sq ft have sold for an average of $265 per square feet.  However, homes Over 1700 sq ft have sold for an average of $191 per square feet. So when pricing your home, in Miami Springs size does matter.

As for the overall Miami Springs Real Estate Market, since my las report there has been some activity in the market.  There were 3 new listing, 1 closed sale and 1 pending sale and 1 cancelled listing.

The table below as always gives you a clear picture of the complete Miami Springs Real Estate Market as of Sunday 5-22-2016.

    Average Price/List/Sold/Pending Sale Average Sq Ft Average Price  Per Sq Ft
Active 43 $506,830 2,199 $230.50
Closed Sales 28 $340,000 1,558 $218.22
Pending Sales 26 $350,419 1,796 $195.11

 

Next week I will look at the number of foreclosure and short sale properties currently listed and those sold in the last 90 days.

For more detail information on the Miami Springs Market for May 23, 2016, send your request to Charlie@leonardrealestategroup.com, SUBJECT LINE:  Please send May 23, report.

 

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