- Condo market inventory across all price ranges ended down 7% over last year.
- Condo closed sales down roughly 1% and pending sales up almost 10% at year-end.
- The average condo sale price was $375,000. The average condo list price is $875,000.
- An average of 1,000 condos close every month and there are over 14,000 currently for sale, leaving approximately 13,000 condos unsold each month.
SINGLE FAMILY HOMES
- The year ended with inventory down approximately 10% over the same time the previous year.
- Closings were up slightly.
- Pendings up over 9%.
- Average price per square foot up almost 6%.
- The average price sold up almost 6%, coming in around $550,000.
- The average list price is climbing, approximately 5% at about $1,400,000.
THE BOTTOM LINE:
Real estate trends are hyperlocal. If you would like to know how the market specifically translates to your neighborhood, call me today at 305.608.5269 for a personal consultation.
*Numbers rounded to the nearest thousand
*Information gathered through Miami RE Trends and MLS
KW Kids Can is an educational nonprofit that engages the next generation of entrepreneurs and leaders. Young adults learn how to gain their edge in an increasingly competitive world with concrete tools that help them live life to the fullest.
Donate just $5/ticket and receive a chance to win one of 3 great prizes!
1) 1-year Home Warranty ($350 value)
2) Dinner at Pinch Kitchen ($100 value)
3) Massage therapy session with Christie Richter
Stop by Georgeé & Company’s Keller Williams Miami office at 700 NE 90th Street to enter.
Can’t make it to our office? You can still donate and enter to win in an easy two steps:
1) Go to https://app.kwkc.org/donate and complete your $5 donation. Select “#351-Miami NE- Miami, Florida” for Keller Williams Affiliation data field.
2) Then, email email@example.com with your name/phone number and a note that you just donated to KWKC.
Winning raffle tickets will be drawn on Friday, November 4, 2017. Raffle organized by Georgeé & Company Keller Williams Realty and all proceeds benefit KW Kids Can. Learn more at kwkc.org.
Halloween is an exciting time of year for kids (as well as kids at heart!). To help ensure they have a safe holiday, our team at Georgeé & Company Keller Williams Realty is happy to share these tips from the American Academy of Pediatrics …
ALL DRESSED UP:
- Plan costumes that are bright and reflective. Make sure that shoes fit well and that costumes are short enough to prevent tripping, entanglement or contact with flame.
- Consider adding reflective tape or striping to costumes and trick-or-treat bags for greater visibility.
- Because masks can limit or block eyesight, consider non-toxic makeup and decorative hats as safer alternatives. Hats should fit properly to prevent them from sliding over eyes. Makeup should be tested ahead of time on a small patch of skin to ensure there are no unpleasant surprises on the big day.
- When shopping for costumes, wigs and accessories look for and purchase those with a label clearly indicating they are flame resistant.
- If a sword, cane, or stick is a part of your child’s costume, make sure it is not sharp or long. A child may be easily hurt by these accessories if he stumbles or trips.
- Do not use decorative contact lenses without an eye examination and a prescription from an eye care professional. While the packaging on decorative lenses will often make claims such as “one size fits all,” or “no need to see an eye specialist,” obtaining decorative contact lenses without a prescription is both dangerous and illegal. This can cause pain, inflammation, and serious eye disorders and infections, which may lead to permanent vision loss.
- Review with children how to call 9-1-1 (or their local emergency number) if they ever have an emergency or become lost.
CARVING A NICHE:
- Small children should never carve pumpkins. Children can draw a face with markers. Then parents can do the cutting.
- Consider using a flashlight or glow stick instead of a candle to light your pumpkin. If you do use a candle, a votive candle is safest.
- Candlelit pumpkins should be placed on a sturdy table, away from curtains and other flammable objects, and not on a porch or any path where visitors may pass close by. They should never be left unattended.
HOME SAFE HOME:
- To keep homes safe for visiting trick-or-treaters, parents should remove from the porch and front yard anything a child could trip over such as garden hoses, toys, bikes and lawn decorations.
- Parents should check outdoor lights and replace burned-out bulbs.
- Wet leaves or snow should be swept from sidewalks and steps.
- Restrain pets so they do not inadvertently jump on or bite a trick-or-treater.
ON THE TRICK-OR-TREAT TRAIL:
- A parent or responsible adult should always accompany young children on their neighborhood rounds.
- Obtain flashlights with fresh batteries for all children and their escorts.
- If your older children are going alone, plan and review the route that is acceptable to you. Agree on a specific time when they should return home.
- Only go to homes with a porch light on and never enter a home or car for a treat.
- Because pedestrian injuries are the most common injuries to children on Halloween, remind Trick-or-Treaters:
- Stay in a group and communicate where they will be going.
- Remember reflective tape for costumes and trick-or-treat bags.
- Carry a cellphone for quick communication.
- Remain on well-lit streets and always use the sidewalk.
- If no sidewalk is available, walk at the far edge of the roadway facing traffic.
- Never cut across yards or use alleys.
- Only cross the street as a group in established crosswalks (as recognized by local custom). Never cross between parked cars or out driveways.
- Don’t assume the right of way. Motorists may have trouble seeing Trick-or-Treaters. Just because one car stops, doesn’t mean others will!
- Law enforcement authorities should be notified immediately of any suspicious or unlawful activity.
- A good meal prior to parties and trick-or-treating will discourage youngsters from filling up on Halloween treats.
- Consider purchasing non-food treats for those who visit your home, such as coloring books or pens and pencils.
- Wait until children are home to sort and check treats. Though tampering is rare, a responsible adult should closely examine all treats and throw away any spoiled, unwrapped or suspicious items.
- Try to ration treats for the days and weeks following Halloween.
©2016 American Academy of Pediatrics