Wishing all moms have a great weekend lined up with your loved ones. And thank you. Thank you to all my clients that are moms which I have had the honor to service the sale or purchase of your house. A home is one of few places where great memories are created with family. And I thank you for allowing me to be part of such process.
Happy Mom’s Day!
It’s a seller’s market throughout Miami as prices get hot during the first quarter of 2015. Quite a turn around from the later half of 2014. Why the rebound? Foreclosures are no where to be seen and equity sellers (regular home owners like you and I) are gripping to their homes with vengeance reclaiming what they had lost in value since the real estate crisis.
This lack of inventory is giving buyers little to choose from and even lesser price negotiation leverage. Sellers are literally getting away with murder by asking what they want for their home, and getting it.
What’s the outlook? If you ask a seller, bright. If you’re asking a buyer, it sucks. The foreclosure market is expected to continue to dwindle. The economy is expected to continue to improve. And as long as home price appreciation meets or exceeds the cost for home owners to hold onto their properties, the expectation is that they’ll wait “a bit longer” to sell.
What was the average home worth in 2010 vs now is 2015? See below graph.
How long are single family homes staying in the market until they are sold? See below graph.
What type of sales are dominating your neighborhood? See below graph.
Updated two-storied single family home in Corsica. Open kitchen layout w/ granite counter tops, wood cabinetry, stainless steel appliances, and breakfast island overseeing family room. Vast master bedroom with sitting/office area, double walk-in closets, and master bathroom with separate sinks, walk-in shower and spa-tub. Updated bathrooms and spacious bedrooms with ample closet space. Tiled / wood laminate flooring. Pool, two-car garage, and hurricane shutters. Summer kitchen and covered patio.
Property Details:
What’s Up Around This Home?
The #YearOfTheGoat is here! Favorite this post if you’re ready for what the year will bring! #ChineseNewYear http://t.co/E3SCLmSq6D—
Zoo Miami (@zoomiami) February 19, 2015
Monthly Mortgage Payment at 4.5% interest rate, 30-year fixed, and purchase price of $380,000:
Need other mortgage scenarios? Mortgage Calculator
Local Schools:
Location:
Area Demographics:
Check out the latest Kendall 33196 Demographics Summary or Kendall 33196 Demographics Detailed analysis analysis.
Nearest Rotary Clubs:
What’s Rotary? Neighbors, community leaders, and global citizens uniting for the common good. Learn more at Rotary.org
Questions? Call / Text 305.305.1535 or Email Me!
FHA/VA OK! Ready to move in canal-front and corner town-home in the heart of Kendall. Open living and dining room layout with tiled flooring, 4-inch baseboards, and extra large sliding glass doors. Open kitchen layout with granite counter tops, stainless steel appliances, and hanging exhaust vent above cook-top. Updated bathrooms and brand new AC. Spacious patio leading to common lawn area and canal, excellent for pets. Hurricane impact windows. Gated car-port in addition to driveway and guest parking.
Property Details:
What’s Up Around This Home?
Monthly Mortgage Payment at 4.5% interest rate, 30-year fixed, and purchase price of $250,000:
Need other mortgage scenarios? Mortgage Calculator
Local Schools:
Location:
Area Demographics:
Check out the latest Kendall 33173 Demographic Summary or Kendall 33173 Demographics Detailed analysis.
Nearest Rotary Clubs:
What’s Rotary? Neighbors, community leaders, and global citizens uniting for the common good. Learn more at Rotary.org
Questions? Call / Text 305.305.1535 or Email Me!
Property Details
What’s Up Around This Home?
Local Schools:
Location:
Area Demographics:
Check out the latest Kendall 33176 Demographic Summary or Kendall 33176 Demographics Detailed analysis.
Nearest Rotary Clubs:
What’s Rotary? Neighbors, community leaders, and global citizens uniting for the common good. Learn more at Rotary.org
Questions? Call / Text 305.305.1535 or Email Me!
Property Details
What’s Up Around This Home?
https://twitter.com/miamihighdrone/status/580041889753260033
Monthly Mortgage Payment at 4.5% interest rate, 30-year fixed, and purchase price of $299,000:
Need other mortgage scenarios? Mortgage Calculator
Local Schools:
Location:
Area Demographics:
Check out the latest Miami 33132 Demographics Summary or Miami 33132 Demographics Detailed analysis.
Nearest Rotary Clubs:
What’s Rotary? Neighbors, community leaders, and global citizens uniting for the common good. Learn more at Rotary.org
Questions? Call / Text 305.305.1535 or Email Me!
Mario Avalos 