I was honored this past week to appear in the Wall Street Journal – of course reporting on the housing market. The outlook in Florida, and Miami in particular, is so bright right now – housing prices are up by double digits in Dade County over the past year. WSJ reports that home prices are rising at the fastest rate in seven years as buyers return to a market where the number of properties for sale is in short supply. My own personal experiences this past quarter reports “short supply” is an UNDERSTATEMENT!
I have several Buyers who consider themselves very lucky to FINALLY have a closing on the horizon. In the next five weeks we are happy to be closing on properties in Coconut Grove, Hammock Lakes (after a year-long search!), Coral Gables, and Palmetto Bay. These Buyers will all attest that patience, tenacity, and complete knowledge of the market as it changed each day were the keys to success. Knowing the moment a property is listed “For Sale” and seeing it the same day is a must.
Advice for Buyers out there: if you are relying on Trulia, Zillow, or another source for reporting new homes on the market for sale you are going to find (you probably already have) that by the time you are notified of a new property on the market, it is often already under contract – that is how fast real estate in Miami is moving!
To learn more about South Miami or any other community – including Coral Gables, Coconut Grove, Pinecrest and Palmetto Bay, contact Val Byrne with EWM Realty International on www.MiamiRealEstateWorks.com or email at [email protected] or by phone at 305-323-6231. Val Byrne – Working For You!