Miami Springs Real Estate Report Video
Here is your Miami Springs Market Report. This week activity slowed down a bit.
- Inventory down to 38 active listings
- Of the 38 active listings, (19) 50% are listed over $500,000.
- 2 Listings are over $1,000,000
- 7 Listings under $400,000
- Thirteen (13) active listings have had a price reduction.
The Miami Springs & VG markets continue to be very strong. The demand is high for properties under $400,000 but there are only 9 listings under $400,000. During the period of April 12, through April 19, 2019 there were 3 new listings, 1 closed sales, 2 pending sales, 0 expired listings, and 1 cancelled listing.
The table shows the current status of the Miami Springs/VG real estate market as of Friday, April 19, 2019. All closed sales are within last 90 days and all information is through the MLS database.
About the numbers: This time last year, the market average was about $415,000, and $243 per sq ft. We have definitely seen an uptick in averages, though the rate of growth has slowed. As sellers adjust, you can expect to see price drops and longer days on market. Though we do not have a crystal ball, our expectation is that the market remains stable, inventory open up, but that buyers have to be vigilant and fair with their offers to remain competitive.
1022 HUNTING LODGE DRIVE
1102 DOVE AVENUE