Miami Dade Real Estate Scoop

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Miami Redland 33187 Southwest Miami List Price vs Sales Price

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Maggie Dokic, SFR is a licensed real estate broker in the state of Florida selling residential real estate in Miami, Palmetto Bay, Pinecrest, Coral Gables, Gables by the Sea, High Pines, the Redland and other select areas of SW Miami-Dade County.

Maggie has earned her SFR certification to be able to better serve the needs of her customers in today's non-traditional real estate market.  SFR is a Short Sale, Foreclosure Resource Specialist.  Designees have been trained to understand the highly specialized options available to Sellers facing short sales & foreclosures and Buyers looking to buy them.

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 my Miami Real Estate blog or contact me at Maggie (at) TheBlogThatAteMiami (dot) com.

The opinions expressed herein, are those of the author, and not necessarily of  Keller Williams Realty.

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

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9 comments • Pinecrest | Palmetto Bay | Maggie Dokic, SFR • June 09 2007 10:25PM

Comments

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!
Posted by Janie Coffey, GRI - Miami Real Estate (One Sotheby's International Realty) almost 5 years ago
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!!  :-)
Posted by Brad Andersohn (Zillow - Outreach Manager) almost 5 years ago

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

Posted by Pinecrest | Palmetto Bay | Maggie Dokic, SFR (Keller Williams Realty Premier Properties) almost 5 years ago

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.....

Posted by Brad Andersohn (Zillow - Outreach Manager) almost 5 years ago
Brad - looks like you caught dinner =)
Posted by Pinecrest | Palmetto Bay | Maggie Dokic, SFR (Keller Williams Realty Premier Properties) almost 5 years ago
The first part of the cartoon, the part with the broken line, will probably be more true to life with my fishing...  LOL. (haha)
Posted by Brad Andersohn (Zillow - Outreach Manager) almost 5 years ago
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.
Posted by Pinecrest | Palmetto Bay | Maggie Dokic, SFR (Keller Williams Realty Premier Properties) almost 5 years ago
Maggie - love the graph - you've got great info for your local clients - Miami's Mango Mama Rules!!!
Posted by Cyndee Haydon 727-710-8035 Clearwater Beach Short Sales | Condos & Homes (Charles Rutenberg Realty) almost 5 years ago
Cyndee -this graph is a very small sampling of the many marketing tools we have at EWM.  I love it!
Posted by Pinecrest | Palmetto Bay | Maggie Dokic, SFR (Keller Williams Realty Premier Properties) almost 5 years ago

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