Here is your weekly Miami Springs Market Report. The table shows the current status of the Miami Springs/VG real estate market as of Friday, March, 6, 2020. All closed sales are within the last 90 days and per MLS data. If you are ready to buy or sell, we are ready to earn your business. We’re here for all your real estate needs.
During the period of February 28, 2020 through March 6, 2020 there were reported 1 new listing, 3 closed sales, 4 pending sales, 2 active with contract, 1 expired listing, 1 cancelled listing, 0 Temp off market, 0 price reductions and 1 price increase. Interest rates remain low. A GREAT TIME TO BUY OR SELL.
Inventory decreased by 1 this week in Miami Springs and Virginia Gardens. There are only 23 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
6 listings under $400,000 *(Note: This will make more difficult for buyers looking in that range because of the competition from other buyers. Multiple Offers expected for entry level buyers.)
9 listings between $400,000 and $500,000
8 active listings are priced over $500,000
2 properties are listed over $1,000,000.