Real Estate Is Back
as Americans’ Favorite Long-Term Investment
Stocks have long been the most glamorous of the major asset classes. Many a Hollywood film has centered around making fast money in the stock market, and becoming a Wall Street big shot.
But despite their great long-term returns—they’ve averaged about 10 percent annually for decades—stocks are no longer Americans’ favorite long-term investment. What is? According to a nationwide Bankrate survey, it’s real estate. Years after a housing crash that left the economy hurting, many Americans still see….READ MORE
What Is a Property Survey and Where Can I Get One?
The amount of work required after making an offer on a home and actually moving in might be more than you think. For example, some homebuyers may need to get a property survey before they close on a new place.
Property surveys are done to determine or confirm land boundaries, such as the plot of land a home sits on, and identify other types of restrictions and conditions that apply to the legal description of a property. Whether you’re buying a home or building an addition onto your property, you’re going to need a property survey. Let’s explore in more detail what it is and how …READ MORE
The Miami Springs & VG markets continue to be strong.
Inventory remained stable.
This is good for buyers and sellers
50 active listings this week, with 3 new ones
1 closed sale this week
9 listings under $400,000
22 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
15 active listings have had a price reduction (1 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.
During the period of August 9, 2019, through August 16, 2019 there were reported 3 new listings, 1 closed sale, 2 pending sales, 0 active with contract, 1 expired listing, 3 cancelled listings, 1 price reduction 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 16, 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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We are the Miami Springs Experts
however, we service all of South Florida
Let Us Show You How We Can Get Your Property Sold
at the Highest Possible Price
