East Dade County Single Family moving rapidly!

March 3, 2012

The single family home market in East Dade County is moving quickly (includes Coconut Grove, Coral Gables, South Miami and Pinecrest).  Buyers are noticing that this is an unprecedented window to capitalize on the sub 4% interest rates and attractive list prices for single family homes that offer short commutes to work in the Downtown areas.

Interestingly, I have seen 5 multiple offer situations in the past 2 weeks (homes in the $700-$800K price range).  As a matter of fact, one of our listings has garnered 7 offers and a purchase price thousands above the asking price.  Despite that, one challenge remains…the appraisal.  More on appraisals to come in the next few days.

 

Market Update

Coconut Grove

Total Active Listings:  124

Pending Sales (past 30 Days):   68

Closed Sales (past 30 Days):  46

Coral Gables

Total Active Listings:  142

Pending Sales (past 30 Days):  46

Closed Sales (past 30 Days):  43

South Miami

Total Active Listings:  15

Pending Sales (past 30 Days):   10

Closed Sales (past 30 Days):  2

 

Pinecrest

Total Active Listings:  45

Pending Sales (past 30 Days):   18

Closed Sales (past 30 Days):  11

 

 

ShowcaseMiami Realty specializes in assisting homeowners to Sell their Miami home.

(Highest price in the Shortest period of time)

To discuss a strategy for your home, call…

Jason Smith

Broker (Seller Specialist)

ShowcaseMiami Realty

www.ShowcaseMiami.com

786-326-8115

 

 

 

 

 

 

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