Kelley M. Falk Real Estate

🏡📈 Market Update 📈🏡

🗓️ August 2023 📍 Palmetto Bay, Florida

Attention Buyers and Sellers! 📣

📊 Did you know that in Palmetto Bay, Florida, we currently have a 3.27 Months Supply of Inventory? This indicates a balanced market, providing opportunities for both buyers and sellers. Over the last 12 months, the Months Supply of Inventory has increased by +0.31%, reflecting a gradual shift in the market dynamics.

💰 When it comes to selling your property, you'll be glad to know that the List to Sold Price percentage is an impressive 97.6%. This demonstrates that homes in Palmetto Bay are selling close to their listing price, ensuring a fair deal for both parties involved.

⏰ Looking to make a move quickly? The median days on market stands at just 20 days, indicating a high demand for properties in Palmetto Bay. This means that well-priced homes are selling fast, so it's essential to act promptly in this competitive market.

💲 The median sold price in Palmetto Bay is currently $1,075,000. This figure showcases the overall value and potential return on investment in our vibrant community.

📈 Whether you're a buyer or seller, these market trends offer valuable insights into the current real estate landscape. As a dedicated REALTOR® with a deep understanding of Palmetto Bay, I'm here to guide you through every step of your real estate journey.

🔑 Ready to make your move? Contact me, Kelley Falk, today, and let's discuss how we can achieve your real estate goals in Palmetto Bay, Florida.

Palmetto Bay (Village) Infographic - January 2022

https://trd.media/fla/REASPx
Labor shortage continues but cost for materials is going down.

Homebuilders Finally Get a Break on Materials Costs While prices on materials dropped, they remain 14 percent higher than they were at the end of last year.

Just closed!
Cutler Bay single family home under contract in 17 days and closed in just over a month.
MLS A11071385
Contact me for help buying or selling.

Just sold!
Miami Shores condo with water views.
MLS F10286335
Contact me for help buying or selling.

Just sold For $805,000!
Gorgeous condo in the heart of Coral Gables on Valencia Avenue.
MLS A11073848
Contact me for help buying or selling.

Serious buyers only.
No showings without proof of funds. 😂

https://www.local10.com/real-estate/2021/04/08/san-francisco-residents-and-tech-companies-are-moving-to-florida-at-an-unprecedented-rate/

San Francisco residents and tech companies are moving to Florida at an unprecedented rate San Francisco has lost more residents during the pandemic than any major city in the country — and hundreds of them have moved to Florida.

https://thefloridavillager.com/2021/02/22/locals-cant-afford-to-wait-to-buy-a-home/

Locals Can’t Afford to Wait to Buy a Home - The Florida Villager A silver lining to the upheaval COVID has caused is the increased interest in corporations wanting to move and/or expand into South Florida.

https://www.worldpropertyjournal.com/real-estate-news/united-states/saint-petersburg/real-estate-news-florida-2020-housing-data-florida-association-of-realtors-2021-housing-reports-orlando-home-sales-covid-impact-on-florida-home-sales-cheryl-lambert-12348.php

Florida Home Sales Spike 21 Percent Annually in December Florida's housing market in December 2020 showed more closed sales, more new pending sales, higher median prices, and more new listings compared to a year ago. Single-family existing-home sales rose 21% compared to a year ago.

Miami is one of the top go to places in the U.S. right now.

https://www.businessinsider.com/miami-home-prices-rising-silicon-valley-wall-street-migration-2021-1

Home prices near Miami have risen over 25% in the last year as Silicon Valley and Wall Street billionaires flock to Florida What may have begun as a temporary stay has become a permanent transfer, and it's sending South Florida home prices skyrocketing.

December 2020 Palmetto Bay housing market report courtesy of Realtor.com.

Kelley M. Falk Real Estate's cover photo

Kelley M. Falk Real Estate