If you are ready to buy or sell, we are ready to earn your business. We’re here for all your real estate needs. The table below shows the current status of the Miami Springs/VG real estate market as of Friday, July 16, 2021. All closed sales are within the last 90 days and all data per MLS.
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 is currently one listing under $400,000. It is a short sale; the property is being sold at auction. This lack of inventory makes it difficult for most first-time Buyers. Competition from multiple offers have become quite common. Seven (7) properties are priced between $400,000-$500,000; nine (9) properties are priced between $500,000-$700,000; two (2) properties are priced between $700,000-$800,000; and five (5) properties are priced between $800,000 and over $1 million.
During the period of July 9, 2021 through July 16, 2021, there were reported 7 new listings, 1 closed sale, 3 pending sales, 3 active with contract, 0 expired listing, 0 cancelled listings, 0 Temp off market, 1 price reduction and 0 price increases.