The table below shows the current status of the Miami Springs / Virginia Gardens real estate market as of Friday, December 4, 2020. All closed sales are within the last 90 days and all data per MLS.
During the period of November 27, 2020 through December 4, 2020 there were reported 3 new listings, 2 closed sales, 5 pending sales, 0 active with contract, 1 expired listing, 1 cancelled listing, 3 Temp off market, 1 price reduction and 0 price increases.
The market remains active with even lower inventory. There are only 23 active listings this week–the lowest this year! With mortgage interest rates at historically low levels, buyer competition is extremely high.
The demand is high for properties under $400,000. There are only THREE (3) listings under $400,000. The lowest priced active listing is $350,000. This makes it more difficult for Buyers looking in that range due to competition from other Buyers. Competition from multiple offers have become more frequent. Eight (8) properties are priced between $400,000-$500,000. Five (5) properties are priced between $500,000-$700,000. Three (3) properties are priced between $900,000 and over $1 million.
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