Miami Redland 33187 Southwest Miami List Price vs Sales Price

By
Real Estate Agent with eXp Realty LLC BK 3126272

I was playing around with my super-dee-duper new graphmaker and thought I'd post one of the graphs I made. 

This one shows the relationship between the List Price (asking price) and the Sales Price (actual sold price) in the 33187 zip code. 33187 encompasses part of the Miami Redland as well as Southwest Miami (west of 147th Avenue and south of 152 Street).

As you can tell, the list price averages a lot more than the sold price.  Something happened in November and they were almost identical.  A fluke, I'm sure.  Apart from that the difference between the two is remarkable.

Numbers do not lie.  This is a great example of the importance of pricing your home to sell.  Don't let it sit on the market too long and get stagnant.  Price it right from the start.

 Miami Redland Market Report

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Visit my blogsite.

Posted by

Maggie Dokic - Broker/Owner - Special Miami Homes

What's My Home Worth? Instant Response!       Search All Miami Homes - Updated from MLS Daily!

For more information on our local real estate market, or to see or sell a home in Miami, Palmetto Bay, Pinecrest, Coral Gables or the Redland, visit our Miami Real Estate site or contact us at Team (at) SpecialMiamiHomes (dot) com.

The opinions expressed herein, are those of the author, and not necessarily of  Special Miami Homes.

None of this information is to be deemed legal or financial advice.  Please contact your attorney or accountant for same.

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Rainmaker
150,060
Janie Coffey
First Coast Sotheby’s International Realty - Ponte Vedra, FL
Uniting Extraordinary Homes w/ Extraordinary Lives
great Graph Maggie, what a great idea to show Sellers the importance of pricing right.  I just ran the numbers for Miami Dade and saw there are roughly 13,000 single family homes on the market, roughly 1,000 sold in 2007 and another 2,000 are pending sale.  At least that number has expired.  Don't be a statistic, be a CLOSED SALE and PRICE IT RIGHT!
Jun 09, 2007 03:41 PM #1
Ambassador
804,032
Brad Andersohn
Executive Director of Education at eXp Realty - Fairfield, CA
ActiveBrad - 707.646.1876
What a super dee duper post Maggie.  Love the graph!  Your point of listing it right in the beginning is paramount.  I think sellers might get it more if they saw your graph.  You should include it on all your listing presentations.  In fact, if you offer each of the members a graph for 19.95 a piece, you won't have to do any more listing presentations for a while.  (LOL) Love your stuff! Paying it forward!!  :-)
Jun 09, 2007 03:42 PM #2
Rainmaker
559,162
Maggie Dokic | Miami, FL | 888.883.8509 X101
eXp Realty LLC - Miami, FL
GREEN, CDPE, SFR, Pinecrest | Palmetto Bay |

Janie - every time I run the numbers, I get a jolt of reality.  I'm a visual person and get stats better when they're in a graph.  No running away from what this one means.

Brad - But wait, there's more!  If you call within the next 10 minutes, for only $19.95 we'll throw in a Days on Market graph too!  lol

Jun 09, 2007 09:31 PM #3
Ambassador
804,032
Brad Andersohn
Executive Director of Education at eXp Realty - Fairfield, CA
ActiveBrad - 707.646.1876

Maggie - if you throw in the ginsu knives, I'm in!!  Well, maybe don't "throw" in the knives....    :-)
I'm going now to the mountains with the Fam to catch a fish....be back soon.....

Jun 10, 2007 03:25 AM #4
Rainmaker
559,162
Maggie Dokic | Miami, FL | 888.883.8509 X101
eXp Realty LLC - Miami, FL
GREEN, CDPE, SFR, Pinecrest | Palmetto Bay |
Brad - looks like you caught dinner =)
Jun 10, 2007 06:10 AM #5
Ambassador
804,032
Brad Andersohn
Executive Director of Education at eXp Realty - Fairfield, CA
ActiveBrad - 707.646.1876
The first part of the cartoon, the part with the broken line, will probably be more true to life with my fishing...  LOL. (haha)
Jun 10, 2007 06:53 AM #6
Rainmaker
559,162
Maggie Dokic | Miami, FL | 888.883.8509 X101
eXp Realty LLC - Miami, FL
GREEN, CDPE, SFR, Pinecrest | Palmetto Bay |
Brad, sounds like me.  That would be a good diet for me to go on.  I could eat everything I caught.  I'd lose weight fast.
Jun 10, 2007 11:54 PM #7
Rainmaker
602,015
Cyndee Haydon
Charles Rutenberg Realty - Clearwater, FL
727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes
Maggie - love the graph - you've got great info for your local clients - Miami's Mango Mama Rules!!!
Jun 17, 2007 01:19 PM #8
Rainmaker
559,162
Maggie Dokic | Miami, FL | 888.883.8509 X101
eXp Realty LLC - Miami, FL
GREEN, CDPE, SFR, Pinecrest | Palmetto Bay |
Cyndee -this graph is a very small sampling of the many marketing tools we have at EWM.  I love it!
Jun 17, 2007 01:56 PM #9
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Rainmaker
559,162

Maggie Dokic | Miami, FL | 888.883.8509 X101

GREEN, CDPE, SFR, Pinecrest | Palmetto Bay |
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