It is still a buyer's market here in South Florida but the market is surely picking up.  This can be evidenced by the amount of movement we are seeing with showings of our own listings and the amount of phone calls we are receiving with inquiries.   It's a new year and buyers that were holding off and waiting for a "market collapse" cannot wait any longer and are beginning to buy.

Certain price ranges are moving better than others, we grabbed all the sales in Miami Shores, Florida in the last 6 months and arranged them by price range to get an idea of which properties are moving better.  You can see by this graph that properties priced under $400,000 are selling a lot more than those above the $800,000 range.

If you are a seller, you can use this graph as your "PATIENCE MOTINORING SYSTEM" - knowing that a higher priced home could take longer to sell.  If you are a buyer, know that the inventory of lower priced homes is moving quicker and waiting may mean loosing the house of your dreams.

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Here are the market conditions for Miami Shores, Florida:

Overview of the single family market in Miami Shores, FL:

• Currently on the market:  180
• Currently under contract:  16
• Closed in the last 90 days: 27
• Lowest Priced Listing:  $325,000
• Highest Priced Listing:  $3,950,000

Overview of the condo market in Miami Shores, FL:

• Currently on the market:  40
• Currently under contract:  9
• Closed in the last 90 days: 4
• Lowest Priced Listing:  $199,000
• Highest Priced Listing:  $610,000

Visit RICK & INES at http://www.yourpropertypros.com/ www.miamism.com for more information about Miami Shores Real Estate.