Miami Springs Real Estate Market Report September 2, 2019

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What Is the Average Price per Square Foot

for a Home and Why Does It Matter?

If you're hoping to buy a house, the very first dollar figure you'll want to know is the home's price, of course. But a close second is its cost for each square foot—and the average cost for each square foot for a home in that neighborhood…Here's what you should know about these numbers, and how to use them to your advantage as you shop for a home.….READ MORE

 

 

 

 

 

 

 

How Much Are Closing Costs?

And How to Reduce Closing Costs

When you get a mortgageto buy a home, you'll have to pay closing costs: These fees, paid to third parties to help facilitate the sale of a home, typically total 2% to 7% of the home's purchase price. So on a $250,000 home, you can expect the amount to run anywhere from $5,000 to $17,500.

Now that you have a sense of the ballpark numbers, here's everything home buyers and home sellers need to know about…READ MORE

 

 

 

 

DISCOVER MIAMI SPRINGS!

We are committed to providing a premier level of 
service. 

 

All aspects of your real estate experience will be accompanied by Results through exceptional Service and Honesty. From the onset of our marketing meeting, we are dedicated to achieve your goals. 

 

The Current Miami Springs Market

 

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 3 new ones

1 closed sale this week

6 listings under $400,000

24 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

18 active listings have had a price reduction (3 this week).

What does this mean? Usually, the property was overpriced from the beginning. The sellers 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 23, 2019, through August 30, 2019 there were reported 6 new listings, 2 closed sales, 2 pending sales, 2  active with contract, 0 expired listings, 1 cancelled listing, 4 Temp off market, 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 30, 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

 

Attention Sellers!

What are You Waiting For?

We can provide you with a market

analysis so you can see how much 

your property is worth.

 

Honesty | Service | Results

 

Drop by to see us 

190 Westward Drive

or call us 305-726-8416

Appointments available upon request

 

Beautiful Miami Springs. Tree City USA.

 

Our secret paradise in Miami Dade County!

 

STAY INFORMED!

 

Thank You

Charlie 305-726-8416

 

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