Monday, September 20, 2021 / by Enrique Tejera
The Real Estate Market Along Florida's East Coast
The housing market has strengthened through late summer with buyers matching and exceeding the number of sellers in most neighborhoods and price ranges.
The typical seasonal pattern of moderating sales volume and pricing took hold in August, and will likely continue through the end of the year. The return of seasonal trends underscores a shift towards a normalized housing market from pandemic driven extremes.
The regional economy continued to expand, albeit at a muted pace given the rise of the COVID-19 delta variant. Although some tourism activity was held in check, the regional unemployment rate improved to 4.5%, quickly approaching the pre-pandemic level.
As the summer ends, sales of single family homes usually slow down. This was also the case with home sales this August, which totalled 10,821 homes. That's a 7% decrease compared with July. However, the winter season also brings to Florida tourists and residents from the North ...
Sunday, September 5, 2021 / by Enrique Tejera
9 Tips for Buying and Selling Your Home at the Same Time
Selling your home when you still need to shop for a new one can feel daunting to even the most seasoned homeowner––especially when the demand for new homes keeps rising, but the supply feels like it's dwindling¹. You're not alone either if you're already feeling drained by the complex logistics of trying to sell and buy a new home all at once.
Searching for a new home can be exciting, but many homebuyers admit that it can also be stressful, especially if you live in an unpredictable market with plenty of competitors. Unfortunately, waiting out a competitive housing market isn’t always the best idea either since listings are expected to remain limited in the most coveted neighborhoods for some time.²
That doesn't mean, though, that you should just throw up your hands and give up on moving altogether. In fact, as a current homeowner, you could be in a better position than most to cap; ...
Friday, August 20, 2021 / by Enrique Tejera
Read about the trends in the real estate market in Southeast Florida. Trends by region and by city. The growth continues but at a smaller pace in some areas. The strong demand for single family homes continues and the demand for condos increases.
The limited inventory creates heavy pressure on home prices.
Read the full report:
TRENDS August 2021 - Market Report by ONE Sotheby's International Realty
Questions? Call 786-375-1459 for a free consultation.
Wednesday, August 4, 2021 / by Enrique Tejera
5 Factors That Reveal Where The Real Estate Market Is Really Headed
It’s the old supply-and-demand predicament: Home sales in the U.S. continue at a torrid pace, but the availability of listings remains limited. Buoyed by historically low mortgage rates, buyers keep shopping for homes, reducing the available inventory and sparking a rise in home prices across the country.
News website The Atlantic summarized the sizzling home market this way:
“Pick a housing statistic at random, and it’s probably setting an all-time record. Home prices: record high. Inventory: record low. Percentage of homes selling above asking price: record high. Average time on market: record low.”¹
Meanwhile, homebuilders are contending with an increase in material costs and a shortage of labor. These issues come amid an ongoing shortage of housing. A study commissioned by the National Association of Realtors found the U.S. is coping with a defici; ...
Tuesday, August 3, 2021 / by Enrique Tejera
Miami is the best city for walking according to moveBuddha
Anyone who lives in South Beach or downtown Miami, New Kendall or many other areas knows that you can walk to most anything in a few minutes. Now it is official!
Read the article at moveBuddha:
Miami #1 15 Minute City
One more reason to move to Miami as it joins cities like Paris, Amsterdam or Copenhagen where everything you need, such as markets, schools, parks and hospitals, is within a 15 minute walk or bike ride.