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September 2020 Condo Real Estate Report
The Miami Single Family Market is robust! All the numbers are way up except for inventory. The median time to go under contract is 32 days and median reduction from the original list price is a mere 3% and sales over $1million are up 76.7%. The condo market is showing signs of improvement but is still a Buyer’s Market. New pending sales are up over 30% with closed sales up 6.3% and dollar volume up 26.3% indicating the buyers are buying more expensive units. Sales over $1million were up 34.9%…
Important Things Buyers Should Consider In Miami
Buying real estate in Miami is a process that requires preparation, in order to make the best of your time and money. We want to make sure buyers consider these important things before buying in Miami. This includes several steps: Know why you are buying. Is it for a primary residence, second home or as an investment to rent out, hold and sell in the future? We would be happy to discuss these options with you. Get familiar with properties that would work for you. Neighborhoods, values, rental rates (if…
Three Tips to Make Your Property Sell Faster and for a Higher Price
Every seller wants to know how to make their property sell faster and for a high price. We want to help you secure the price you’re hoping for, quickly, by making your property look more attractive. Here are some of the many tips we give to our sellers. Tip #1: Eliminate Distractions The first ten seconds when a buyer walks into your property mean everything. Their first impression is very strong. People see things like a computer program scanning something. If there are too many things in view, they get…