FEATURED PROPERTY
27 HuntingLodge Dr
one of the original homes built in Miami Springs circa 1924
(for complete info click on photo)
6 Expert Predictions for The Second Half Of 2019
The year has so far been a promising one for would-be home buyers. The seemingly unending rise in home prices started to slow and mortgage rates dipped to unexpected lows. Both were good news for Millennials who—despite the never-settle-down stereotype—are yearning to become homeowners. Still, despite suggestions that a buyer’s market might be on the horizon, that dream has yet to be realized. “First-time buyers can expect less competition than last year, but it’s still very much a seller’s market in most places," says Ralph McLaughlin, deputy chief economist for property data firm CoreLogic. Will that seller’s market continue? Probably. But it’s.…READ MORE
Find Out What to Do Before Buying a Home
Once you make an offer on a home and it's accepted, there's a process lasting a few weeks before you close the transaction. During this window of time, buyers are often told to "do their due diligence" on the home they soon hope to own. But just what isthe definition of due diligence, anyway? In the world of investment transactions, due diligence is a legal term for “do your homework.”
Before buying a property, you should …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 6 new ones.
3 closed sales this week
7 listings under $400,000
21 active listings priced over $500,000
3 properties are listed over $1,000,000
One of the Million+ properties is now a Pending Sale.
17 active listings have had a price reduction (2 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 demand is high for properties under $400,000. There are 7 listings under $400,000. Experts say a shift is on its way. I am still waiting. I don’t see it for now. Prices remain strong. Interest rates are low. Sellers that haven’t been able to sell their property in this market should re-evaluate their position and adjust accordingly based on their circumstance. Timing is everything. If you re on the fence about selling, get off and put your house on the market.
During the period of July 26, 2019, through August 2, 2019 there were reported 4 new listings (1 condo), 1 closed sale, 1 pending sale, 4 active with contract, 2 expired listings, 1 cancelled listing, 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 2, 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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