Eighteen (18) listings are priced over $500,000 (in Miami Springs).  Two (2) properties are listed over $1,000,000.  Four (4) active listings have had a price reduction (0 this week).

431 Wren Avenue Miami Springs, Florida

We remain in a strong Sellers’ market with high demand. The market will change!  Increased inventory is on the horizon with increased foreclosures coming later this year.

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MULTIPLE OFFERS CONTINUE AND LISTINGS KEEP SELLING OVER LIST PRICE!!

Mortgage interest rates remain historically low, and there are serious Buyers buying.  Timing is everything!  The demand is high, especially for properties under $400,000. There are two (2) listings under $400,000.  One is an unapproved short sale. This lack of inventory makes it difficult for most first-time buyers.  Competition from multiple offers have become quite common.

Four (4) properties are priced between $400,000-$500,000; eleven (11) properties are priced between $500,000-$700,000; one (1) property is priced between $700,000-$800,000; and six (6) properties are priced between $800,000 and over $1 million.

FEATURED MIAMI SPRINGS HOMES

299 Pinecrest Drive: 4 Beds – 4 Baths – 2 Car Garage

431 Wren Avenue: 4 Beds – 3 Baths

 

1022 Hunting Lodge Dr, Miami Springs, FL 33166

INTERVIEW WITH THE LEONARD REAL ESTATE GROUP

 

 

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