Is It Time to Sell Your Miami Real Estate in 2017?

Is it time to sell your Miami property in 2017?

2016 Has come to an end. Many home owners might have considered selling in 2017 or to start thinking about selling in the new year. Whether you are sure about your move or just merely considering to sell it is never a waist of time to educate yourself on the market or to pick up the phone and call us for an insightful conversation.

2016 Was a year in which many of Miami’s sub-markets saw price corrections due to rising inventory levels. As mentioned in our 2016 report, one should never generalize a market like many out of town reporters do. They often use data from the city as a whole to then make overall conclusions on these data. Each market provides its opportunities and whether a market works in your advantage or not depends on your goals, your purchase price and your specific property.

Read the 2016 Miami Residential Real Estate Report to see how your neighborhood performed in 2016

TN-2016-report

Should you sell your Miami property in 2017?

Whether you should sell your Miami real estate or not depends on your personal goals, your property and the market in which you are selling. The condo market for example is seeing a strong increase in months of inventory meaning the market is becoming more and more of a buyers market (A market in which buyers have an advantage over sellers). Some of these markets are set to be corrected rather soon, while other markets are expected to decline even more in price. Call me for more information on the different condo markets or consult our 2016 Miami real estate report.

The single-family homes market on the other hand is not seeing large increases in inventory and there is a considerable demand for these properties. In many markets we have even seen record prices being paid for properties as the hot neighborhoods like Coral Gables, Pinecrest and Coconut Grove are still very much in demand. Many areas such as the Roads, Miami Shores or High Pines are up and coming and rising in prices as they are in close proximity to Brickell or the earlier mentioned neighborhoods and offer more attractive prices.

These are the key questions to know if you should sell now or not

For Home Owners

  • Did you buy the house against market value?
  • Do you own a property in a market with raising months of inventory?
  • Do you want to buy a new property which needs to be financed?
  • Do you own an older property on a large lot in a desired neighborhood?

If your answer to most of these questions is YES, then 2017 might be a good year to sell!

For Condo Owners

  • Do you own a property in a market with raising months of inventory?
  • Do you want to sell your condo within the next two years?
  • Do you want to buy a new property which needs to be financed?
  • Did you buy your condo against market price

If your answer to most of these questions is YES, then 2017 might be a good year to sell!

I am here to help you with all your Real Estate questions or matters. In case you are thinking of selling your property in the near future please give me a call. I will be more than happy to help you with an education on the market and a free of charge Comparative Market Analysis of your property

Call me today for more information

David Siddons | +1.305.508.0899 | david@siddonsgroup.com

WHY WORK WITH DAVID? THINGS YOU SHOULD KNOW...

For all our analytics we are agents driving some very unique and advanced tech. We Provide a granular and custom experience that empower our clients with the insight and tools to understand the most complex behaviors of any local markets.

  • Analytical

    Over 100 reports produced to date

  • Knowledgeable

    Over 1800 published articles and counting

  • Experienced

    Over $2 billion in real estate sales

    Reviews
David Siddons
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Akbota YerseitAkbota Yerseit
13:29 03 Jun 22
Excellent leaders!
Cathryne HaladnerCathryne Haladner
12:12 18 Sep 21
We have only superlatives to describe how wonderful Cris Buzolin was throughout the process of selling our townhouse in Coral Gables. We were away in the UK while the transaction was taking place and Cris handled everything-from clearing out our house, selling contents when she could, arranging the moving and storage and dealing with some very difficult problems which arose. Always patient and very willing to help in every way, Cris is a consummate professional who really cares about her clients and worked extremely hard to get the price we had asked for and make things for us as easy as she could. Nothing was too much for her to handle.Cris and Marianela (who provided additional very helpful assistance to us during the transaction) are part of the team that David Siddons has assembled.When we decided to sell our property, we contacted David and he established the framework for the transaction and ensured that everything proceeded smoothly and in accordance with our wishes. In sum, David Siddons and his team are extremely competent and professional and we are totally satisfied with the service they provided. To repeat, Cris Buzolin in particular, went way beyond what one would expect from a real estate agent. The David Siddons Group has our highest recommendation!
Jose Eduardo FilhoJose Eduardo Filho
17:17 13 Jul 21
I thank the whole team and especially Cris Buzolin who, in a very professional and competent way, helped me to sell my property safely and in the best market condition.
Idan Singh (Idan)Idan Singh (Idan)
19:53 07 Jun 21
Great Service for British Expats looking to move to the States.
Simone GarrettSimone Garrett
17:20 26 Feb 21
Fantastic group of people to work with!! David and Adriana were responsive and professional throughout the entire process. We weren't familiar with South Florida so David took us under his wing and did a fabulous job giving us a tour of select neighborhoods in South Florida and shared a great deal of information about each. We fell in love with the Botaniko community in Weston and closed the deal with Adriana. If you are buying/selling this is the team you want to work with!! Thank you guys for helping us find our dream home.
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