Did you know that The Leonard Real Estate Group was responsible for 39 real estate transactions in Miami Springs in 2019? That ranks #1 in Miami Springs, outpacing their nearest competitor by 15 transactions. The Leonard Real Estate Group has seen the issues and solved the issues.  And if you’ve ever met Charlie Leonard and Sean Pascale, you’ll realize quickly, these are really nice people who love our community and want nothing but the best for our small town.

One of the reasons The Leonard Real Estate Group is #1 in Miami Springs is their attention to details including the weekly trends in our community.  Each week, The Leonard Real Estate Group shares a report of the current market conditions.  It’s the kind of tedious small details they provide to market Miami Springs Real Estate better than anyone.

Preferred Partner
Mathnasium Doral

Here’s an example with this week’s report:

During the period of April 10, 2020 through April 17, 2020 there were reported 2 new listings, 4 closed sales, 1 pending sale, 0 active with contract, 0 expired listings, 0 cancelled listings, 3 Temp off market, 1 price reductions and 0 price increase.

Inventory remains below 30, with only 29 active listings this week. That continues to represent a significant reduction in inventory compared to last year. This is good news for sellers. The bad news is CORONAVIRUS has slowed things down a bit due to precautions taken and current social distancing recommendations. However, we are optimistic that things will improve once again by summer.

Fourteen listings are priced over $500,000.

One property is listed over $1,000,000.

Three active listings have had a price reduction (1 this week). This usually means that the property is overpriced. However, given the current low inventory, sellers are recognizing that the market is in a strong seller’s market and there are less price reductions as the inventory decreases. Once we get over this virus situation Sellers thinking about selling should act quickly and get their property on the market. Prices remain strong. Mortgage Interest rates remain low.

The demand is high for properties under $400,000. There are only 7 listings under $400,000. This will make it more difficult for buyers looking in that range because of the competition from other buyers. Multiple Offers expected for entry level buyers. Eight (8) are priced between $400-500,000.

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.

Contact The Leonard Real Estate Group for a personal evaluation of your home.
305.726.8416

https://www.leonardrealestategroup.com/

Preferred Partners
Firenze Group, Corp. Financing Made Easy
The Leonard Real Estate Group
Twice As Sweet Cakes and Cupcakes
Concepcion Law Criminal Defense, Personal Injury
CIMA Medical Center Miami Springs
Woodys Backyard Grill
BDC Construction
Hialeah Hospital 600 Width
I AM TALENT VOICE SUMMER CAMP AT GAIA POP
Hole 19
Miami Tax Expert
Milam's Markets in Miami Springs
All Dade Pavers
ATACO BY DIVINO
CIMA MED SPA
Mathnasium Doral
The Better Taco 600

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