February 26

What’s Happening in The Last 90 Days in Shenandoah Neighborhood in Miami, FL?

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Show Notes:

Here is a quick overview of the last 90 Days House Market Update in Shenandoah Neighborhood in Miami, FL.

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Hello, residents of Shenandoah neighborhood, my name is Violeta Marinova.
I'm Broker Associate with MIAMI by Vi, brokered by eXp Realty, and today I wanted to share with you the market statistics of your neighborhood. If you want to get the full report, there should be a button somewhere below that you can download that for yourself and you can get the hard copy. If you want the hard copy delivered to your home, I can definitely do that. You can contact me, there should be a button below, but anyhow, let's go over the way I am doing this statistics, is I go into the multiple listing service, that's one source, I go into the public records and scrape the data over there, and I have other sources that they help me do that, and based on that, to price the home and position it in a way that will sell fast for top dollar in the current market. So let's look at that. So this is your neighborhood and there, 10 new listings, 10 active listings right now. Nine of them, they did some price change, 10 listings are pending, which means they have contract on it, and 10 homes have sold in the last 90 days, five homes expired. Let's look at this report. There are also two distressed sales in your neighborhood, which means that they are facing foreclosure. What else is interesting here? This is snapshot of the new listings. As I said, if you click the bottom below, you can get details about all of this. I'm not gonna go through through that. I just kind of wanted to give you very quick overview of what's happening in your neighborhood. So if I go here, I just wanted to get to the stats and comparison of the estimated home value of your home. The median price in your neighborhood is 638K. Compared to last month, it increased almost 2%. Compared to the last three months, increased almost 9%. And compared to the last 12 months, increased a little bit over 23%. If you look and compare your median estimated home value two years ago, it actually increased a little bit over 32%. The sales price, the median sales price in the neighborhood is 700K, increased 7.36% over the last 30 days. And over the last 90 days, increased almost 19%, over the last year, almost 24%, and compared to two years ago, almost 67%. That's great news, guys. The thing is that we don't know how long this market will perform the way it is performing right now. There are a lot of things are happening. The war between Russia and Ukraine, the COVID, and all of these grants the government was giving to people because of COVID, now they are stopping them. Interest rates are showing to go up, which means buyers are not going to be able to afford and buy more for their money. We don't know, so if you've been thinking of selling, I think now is a really great time to do that. I've been through the crisis back in 2007/2008. And I know how, as soon as the media start scaring people away, things are turning around very fast. So if you've been thinking about selling, maybe now is the good time. And let me show you another statistic from the multiple listing service. This is showing again that average days in the market. If you see here, it says "Status: Closed." So 10 homes have sold, again, in the last 90 days. And you can see, depending on the price range, more expensive the home is, it takes longer. For instance, this home that was listed at half a million, sold only for six days. And the one that it's 1.5 million, sold for 129 days. So there a lot of factors. Also in this report, if you decide to download it, I'm including my pricing and selling strategy, everything I do to help my clients, from marketing, from negotiations, disclosures, timing, preparing, showings, and all of that, I'm gonna include that. As well, if you like the convenience and if you want to move like right away, there is a way that it's called Express Offers, that only eXp Realty, this is proprietary program for eXp Realty agents. And how it works is, pretty much you don't need to do any repairs. You don't need to do any showings, any updates, any staging. You don't need to list the home. What this is, we have a pool of institutional buyers, investors, institutional funds, that if you home qualifies for it, you might get even not just one cash offer, but even multiple cash offers. So our institutional buyers, they look to flip. They look to keep and rent it and hold it. So depending on your specific situation and this specific institutional, iBuyer I call it, what they're looking for and if they're looking in your area, what price range, if your home qualifies, we can help you out with that. And if you go to MiamiExpressOffers.com, you can request time. We can chat about that for 15 minutes and see if we can help you out. I'll just simply come to your home, see if we can get you a cash offer, just reach out. And again, if you've been thinking about selling your home and you want something more custom for your needs, please don't hesitate to reach out. I'll be happy to help you. And again, my name is Violeta Marinova. I'm a Broker Associate with MIAMI by Vi, brokered by eXp Realty. And if you have any desire or you've been thinking about putting your house on the market and you don't know what the next step is or if you just want to see, specifically, more exact value for your home or you're interested in these cash offers, please reach out, and the best way to reach me is if you text me, send me a text, 305-399-1323, or email me at Hi@MIAMIbyVi.com and I'll be happy to get back to you at my earliest opportunity. So that's all. Hanging with me. Thank you for watching this and I wish you a great day. Bye now.