Miami Shores, Florida - Market Conditions

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Real Estate Agent with Majestic Properties 3061802

It is a full-blown buyer's market, no matter what price range you are referring to.  We have over 20 months of inventory and still very few buyers which means that as a seller you have to take the extra step to make your property stand out.  What can you do to make it stand out?  Please follow this link to read Craig Schiller's article on staging, he's a talented and successful stager in The Chicago area.  Pricing is THE most important factor when selling a property, sellers are competing with many other properties, and buyers are looking at the best priced listings first.

Miami Shores

There are currently 183 single-family listings in Miami Shores, Florida:

  • Highest priced listing:  $3,950,000
  • Lowest priced listing : $329,900
  • Properties currently under contract:  6
  • Closed properties since 1/1/2007:  8

Property values have remained steady in Miami Shores and have not dropped like many other areas in Miami.  Miami is number 3 in the highest portion of households in foreclosure in the nation, according to Business 2.0 Magazine.

Miami Shores

This graph shows the movement in different price ranges in Miami Shores.  Please note that the $200,000 and under market was omitted because there are no listings in that price range.  The highest number of sales has occurred in the $400,000 -$600,000 range price, but it is also the range price with the most inventory.  The least number of sales have been in the $600,000-$800,000 range price.

For more information about Miami Shores Real Estate and Miami Shores Market Conditions, please contact RICK & INES, Your Property Pros.

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Rainer
62,624
Nick M.
Certified Residential Appraiser- West Palm Beach Real Estate - West Palm Beach, FL
Realtor-Appraiser in West Palm-South Florida Real Estate Appraiser
 Ines, I like your analysis. very clear and concise. The graphs really hits it home and its a great visual. Also, the closing with the price ranges works well. Overall, you would make any appraiser proud. including this one -->
Mar 05, 2007 03:37 AM #1
Rainmaker
223,300
Rick & Ines - Miami Beach Real Estate
Majestic Properties - Miami Beach, FL

Slick Nick - you are always so cool!  Thanks for the praise Mr. appraiser - we need to inform the consumer and finding different ways to do it is always fun.

Mar 05, 2007 03:47 AM #2
Rainmaker
152,928
Luke Constantino
Brooklyn/Manhattan Real Estate - Brooklyn, NY
Residential/Commercial Real Estate Brooklyn NY

Lot of listings here too, only thing selling is low ball properties though.

Since alot of people requested a picture of the baby I posted a few, thank you for you nice response!

Mar 05, 2007 08:13 PM #3
Rainmaker
340,552
Ann Cummings
RE/MAX Shoreline - NH and Maine - Portsmouth, NH
Portsmouth NH Real Estate Preferrable Agent

Ines - very hard to argue with facts and figures.  Nicely laid out post, the graphs pack a punch and get the message across about pricing properly. 

Ann

Mar 05, 2007 10:50 PM #4
Rainmaker
223,300
Rick & Ines - Miami Beach Real Estate
Majestic Properties - Miami Beach, FL

Luke - your baby girl is beautiful - Congratulations!

ann - I wanted to try a different approach - I think the graphics work.

Mar 06, 2007 06:11 AM #5
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Rainmaker
223,300

Rick & Ines - Miami Beach Real Estate

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