Miami Real Estate Market 2016 Should You Sell?
By Jamey Prezzi Miami & Miami Beach Luxury Condos & Homes, Miami Beach & Miami Luxury Homes and Condos
(ONE Sotheby's International Realty )
The Miami real estate market of 2016 is turning out to be an interesting market. Real estate is local and in our city; it’s so local that pockets of neighborhoods and buildings sometimes fare better than surrounding areas and buildings. I can put one property on the market, have offers within an hour, and it sells quickly while another one may sit a little longer.Of course, a lot of this also has to do with pricing and seller motivation.When we start working on numbers for a new listing, one of the first things we have to do is look at the overall inventory within that building or neighborhood. From there we narrow down and compare only comparable properties. The most important data is what’s currently on the market, what’s under contract and what has recently sold. These numbers will g...
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