10 Crucial Questions to Ask a

Real Estate Agent When Selling Your Home

If you're looking to sell your home, you'll want to hire an amazing listing real estate agent to help—and there are certain questions to ask so that you can pinpoint the right professional for you. It's smart to be picky! A great real estate agent can help find buyers to sell your home fast, and for more money. Make the wrong choice, and your listing might languish. Then, the…READ MORE

Pending Home Sales Rebound In January

As Low Mortgage Rates Provide A Boost

Pending home sales rose in January, reversing course from December’s decline, according to the National Association of Realtors. Only the West showed a minor drop in month-over-month contract activity, while the other three major regions—the Northeast, South and Midwest—saw pending home sales grow. Year-over-year pending home sales activity was up nationally compared to a year ago. Pending sales represent homes that have a signed contract to purchase on them but have yet to close. The Pending Home Sales Index, a forward-looking indicator …READ MORE

Sellers that haven’t been able to sell their property in this market should re-evaluate their strategy and adjust 

accordingly based on the current market circumstances. 

Timing is everything. 

If you re on the fence about selling, now is the time to get off and put your house on the market.

Inventory decreased this week in Miami Springs and Virginia Gardens. There are only 24 active listings this week.

That represents a significant reduction compared to last year. This is good news for sellers.

24 active listings this week

6 closed sales this week

7 listings under $400,000 *(Note:The inventory in this price range has improved during the last month. Good opportunities for entry level buyers)

8 listings between $400,000 and $500,000

9 active listings are priced over $500,000

2 properties are listed over $1,000,000.

6 active listings have had a price reductions 1 this week). 

What does this mean? Usually, the property was overpriced from the beginning. 

However, sellers are recognizing the market change.  

There are less price reductions as the inventory decreases.

Sellers that haven’t been able to sell their property in this market should re-evaluate their strategy and adjust 

accordingly based on the current market circumstances. 

Timing is everything. 

If you re on the fence about selling, now is the time to get off and put your house on the market.

During the period of February 21, 2020 through February 28, 2020 there were reported 2 new listings, 2 closed sales, 4 pending sales, 4 active with contract, 0 expired listings, 2 cancelled listings, 1 Temp off market, 1 price reduction and 1 price increase. Interest rates remain low. A GREAT TIME TO BUY OR SELL

Attention Sellers!

Low Inventory + Low Interest rates = Sellers Market.

Act Now!

The table below shows the current status of the Miami Springs/VG real estate market as of Friday, February 28, 2020. 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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