Transcript:

So what’s happening here in our Miami-Dade County Real Estate Market. 

Everyone wants to know. Are we seeing a housing bubble, and what should I do with my home? It can be so confusing with all the headlines, what the best choice to make is for your family. 

I totally understand, I’ve been a RE Broker for almost 20 years and I can help you navigate this market. 

Let’s look at the data of what’s happening so that you can make an educated decision. 

First off, according to real estate experts and advisors anytime you have inventory levels that are at 6 months of inventory or below, that we are in a seller’s market. 

It’s all about supply and demand, and when there is a limited supply like there is right now, then the prices go up. 

So let’s see what inventory levels are doing here locally. 

Is it a good time to sell here in East Miami-Dade County?

Well, let’s look at what happened In the month of March. 

In the Brickell area – zip codes 33130, 33129 & 33131 we currently at the time of this video we have 570 condos and only 17 single family residences that are active. 

The average time to sell a condo is 74 days and for SFR is 61 days, which shows us we are in a seller’s market but it also tells me that most of the inventory is a little overpriced because the average sale price  for condos is 93.4% and for SFR is 86.7% of the original asking price which is very different from what is happening in other areas in Miami-Dade County.

Now you may be wondering if it’s a good time to sell in Coconut Grove/Coral Gables area zip code 33133.

We have only 63 active homes on the market and in March homes sold after an average of 31 days. Even stronger seller’s market. So here in East Miami-Dade County we have very low inventory of SFR and strong buyer demand. 

It’s a great time to sell.

Feel free to reach out at no cost or risk, hassle-free strategy session. I’m looking forward to hearing from you and as always Violeta Marinova here, helping you make the real estate process really simple.