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Miami single family home stats $500K and under

Buying Frenzy up to $500K…

(That is what the Dade County market graph below illustrates)

Observations…

  • Pronounced jump in seasonal buying activity Jan-March of 2012 vs Jan-March of 2011
  • 37.8% less available homes for sale (current vs. same quarter 1 year ago)
  • 15% increase in pending sales (current vs. same quarter 1 year ago)
  • Available single family listings in Dade County has gone from 5744 in January 2011 to 3143 in March 2012
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What this means for Sellers in this price range…

If your property is priced according to recent sales and competitively with the available competing listings, it will be under contract within 30 days (likely attracting more than one offer) and selling close to full price.

 

What this means for Buyers in this price range…

If you plan to make offers between now and July (July is the end of peak buying season for single family), be prepared to face multiple offer situations.

 

 

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