Why It's Taking Longer to Find the Perfect Home

With soaring prices, hordes of competition, and a dearth of properties for sale, snagging the right home for the right price is no easy task. And it's even worse for first-time buyers.

Of the buyers in the market this past spring, about 42% were shopping for a home for the first time. And their search took longer than ever. About a quarter of those first-time buyers were looking for more than…READ MORE

Should You Sell Your Home Furnished?

One of the hardest parts about selling your home is the hassle of moving all of your furniture outbefore a new buyer moves in. Sometimes it might seem easier to just leave everything behind, walk away carefree, and buy new stuff—especially if you're not particularly attached to your furnishings in the first place. Well, as it turns out—you can do just that. But should you? …READ MORE

The Miami Springs & VG markets continue to be strong. Inventory remained stable.

46 active listings this week, with 2 new ones this week

3 closed sales this week

8 listings under $400,000

17 active listings are priced over $500,000

4 properties are listed over $1,000,000. One of the Million+ properties is now a Pending Sale.

22 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 demand is high for properties under $400,000. There are 8 listings under $400,000. Experts say a shift is on its way. I am still waiting. 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 5, 2019, through July,12, 2019 there were reported 2 new listings, 3 closed sales, 1 pending sale, 1 active with contract, 0 expired listings, 1 cancelled listing, 3 price reductions and 0 price increases. 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, July 12, 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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